0 00:00:02.000 --> 00:00:04.675 The standard of new study methods for the digital native generation. 1 00:00:04.675 --> 00:00:06.325 Hello, I am Hyeonwook Cho the CEO of Solve 2 00:00:06.660 --> 00:00:11.300 Standing here, it feels like it's turning me an extrovert into a shy introvert 3 00:00:14.850 --> 00:00:18.590 I'm sure all of you are aware, that the tablet adoption rate is rapidly increasing 4 00:00:18.590 --> 00:00:20.440 Because of COVID-19 online education as well 5 00:00:20.440 --> 00:00:23.010 because the government is promoting digital textbook initiatives 6 00:00:23.010 --> 00:00:25.111 The adoration rate is accelerating 7 00:00:25.860 --> 00:00:29.176 However, it is unfortunate that the book market which is worth 400 billion won 8 00:00:29.176 --> 00:00:31.400 have release programs such as Ridibooks 9 00:00:31.400 --> 00:00:36.630 but we're yet to see the 440 trillion won digital learning market emerging any programs like that 10 00:00:37.370 --> 00:00:42.126 The reason is that EPUB and PDF do not provide services 11 00:00:42.126 --> 00:00:43.880 suitable for the context of solving 12 00:00:43.880 --> 00:00:47.030 I can see many university students here, and this is how all of them are studying 13 00:00:47.030 --> 00:00:49.880 They buy a book, scan it 14 00:00:49.880 --> 00:00:53.970 and transfer to their iPads, which is very inconvenient. 15 00:00:53.970 --> 00:00:58.370 And the second problem is, the illegal publication issue when the scanned files are borrowed around 16 00:00:58.370 --> 00:01:03.101 The third problem is, it can be used as a double-check note if it has study records but it doesn't so it's a bummer 17 00:01:04.000 --> 00:01:08.340 However, why don't publishers sell this to users who are ready to discard the books? 18 00:01:08.340 --> 00:01:12.177 First, publishers are companies that make books 19 00:01:12.177 --> 00:01:13.640 not softwares 20 00:01:13.640 --> 00:01:16.910 And that is why, they still use Hangul for documents 21 00:01:16.910 --> 00:01:18.960 And working hard to make good books 22 00:01:18.960 --> 00:01:21.310 Another problem is that even if they try to hire developers, 23 00:01:21.310 --> 00:01:23.377 the salary structure of developers or publishers 24 00:01:23.377 --> 00:01:26.828 make it impossible to hire a high-quality developers 25 00:01:27.960 --> 00:01:30.140 And one of another practical problem here is 26 00:01:30.140 --> 00:01:35.640 they still have OCR method in their mind 27 00:01:35.640 --> 00:01:42.378 OCR is a technology that excavates text and converts it into text 28 00:01:42.378 --> 00:01:44.930 Reference books are not only composed of text 29 00:01:44.930 --> 00:01:50.230 but with pictures, tables, etc. Therefore using only text is limited 30 00:01:50.230 --> 00:01:54.180 Even though it can be extracted as text, digitalization is progressing in a direction 31 00:01:54.180 --> 00:01:57.110 where fonts, styling, and layout are maintained while gradually moving away from the service. 32 00:01:57.760 --> 00:02:01.880 We believe that the reference book market should not be digitized using OCR 33 00:02:01.880 --> 00:02:05.300 We use technology that adds interaction to documents 34 00:02:05.300 --> 00:02:08.579 in their original form as learning content and it takes about 2 seconds for one page 35 00:02:08.579 --> 00:02:14.300 and it takes about 15 minutes to convert an entire book into interactive content. 36 00:02:14.300 --> 00:02:15.720 Like so 37 00:02:15.720 --> 00:02:19.600 Our machine-learning technology is a technique that excavates questions and adds interaction 38 00:02:21.400 --> 00:02:22.850 When you put it on an iPad, 39 00:02:22.850 --> 00:02:26.600 you can see that interactions have been added, allowing you to make free annotations like this. 40 00:02:26.600 --> 00:02:29.780 Writing is possible, which means it can also be graded 41 00:02:29.780 --> 00:02:32.130 After being graded, you can also check your wrong answers 42 00:02:32.130 --> 00:02:34.980 It is also very convenient to be able to see the explanations without moving to another page. 43 00:02:36.630 --> 00:02:41.000 So, all the answers are then stored in our database 44 00:02:41.000 --> 00:02:45.101 and then we can implement functions that can be delivered to teachers, lecturers, and academies. 45 00:02:46.000 --> 00:02:48.730 Another tablet application here is 46 00:02:48.730 --> 00:02:52.230 when the pencil appears at the top, the canvas layer is opened 47 00:02:52.230 --> 00:02:53.990 What's problematic with canvas layers is 48 00:02:53.990 --> 00:02:58.141 that when layering occurs, implementing interactions becomes quite challenging 49 00:02:58.840 --> 00:03:03.050 so, although it is embarrassing to complain about other companies, but 50 00:03:03.430 --> 00:03:07.581 another approach is to move all interaction areas outwards 51 00:03:07.581 --> 00:03:11.450 and place the scoring area separately at the top, like the red area. 52 00:03:11.450 --> 00:03:13.420 But we implement multi-layer interactions 53 00:03:13.420 --> 00:03:16.821 so that the pages can be preserved as they are, allowing both note-taking and marking. 54 00:03:17.320 --> 00:03:21.170 It is not matter of preference or user interaction 55 00:03:21.170 --> 00:03:25.720 Institution or students wants to write on the page 56 00:03:25.720 --> 00:03:27.790 Especially, in order to cooperate with educational institutions, 57 00:03:27.790 --> 00:03:32.181 Copyright is typically recognized on a book level rather than on an individual question level. 58 00:03:32.181 --> 00:03:36.581 That's why preserving pages while implementing interactions is crucial. 59 00:03:39.130 --> 00:03:42.330 Therefore, because we can only grow based on collaborations, 60 00:03:42.330 --> 00:03:45.232 so to protect our strong technology during these collaboration processes, 61 00:03:45.232 --> 00:03:47.080 we are building a patent portfolio. 62 00:03:47.080 --> 00:03:49.330 As of today, we have secured five patents 63 00:03:49.330 --> 00:03:53.480 and aiming to protect and strengthen our business going forward 64 00:03:53.480 --> 00:03:55.020 What we are doing with this technology is 65 00:03:55.020 --> 00:03:58.182 we are digitizing the education market through B2B partnerships and 66 00:03:58.182 --> 00:04:01.232 also providing B2C mode to students. 67 00:04:01.970 --> 00:04:06.200 We have formed a partnership with Mega Study Education in July 68 00:04:06.200 --> 00:04:09.482 So, gradually, if you wait, you will be able to use the 69 00:04:09.482 --> 00:04:11.271 contents from Mega Study Education 70 00:04:11.271 --> 00:04:14.720 Even from Jinhaksa, Gaenyumwonri (imath) will join us, too. 71 00:04:14.720 --> 00:04:19.440 And even in the adult education market, KG EduOne which provides exams for accountant, teacher certification has joined us 72 00:04:19.440 --> 00:04:24.640 So we are gradually entering the stage of digitizing the education market 73 00:04:24.640 --> 00:04:28.030 and we also have a good opportunity to generate revenue as our sales pipeline is established. 74 00:04:29.930 --> 00:04:31.870 Nevertheless, partnerships are still... 75 00:04:31.870 --> 00:04:34.883 We welcome partnerships with all publishers and educational institutions 76 00:04:34.883 --> 00:04:37.220 but partnerships typically take a long time 77 00:04:37.220 --> 00:04:39.730 So, the alternative approach we offer is 78 00:04:39.730 --> 00:04:42.433 when students provide scanned files, 79 00:04:42.433 --> 00:04:45.080 we provide a method of adding interaction to them. 80 00:04:45.080 --> 00:04:47.800 This gives students the option to choose 81 00:04:47.800 --> 00:04:51.034 while we provide this feature to ensure that the content partnership 82 00:04:51.034 --> 00:04:52.934 does not constrain our service growth 83 00:04:53.800 --> 00:04:57.410 Therefore, we are approaching the stage of commercialization 84 00:04:57.410 --> 00:05:01.850 We are expanding our partnerships and working towards digitizing this market, 85 00:05:01.850 --> 00:05:04.651 making overall visible and meaningful financial achievements 86 00:05:05.650 --> 00:05:07.320 Let me introduce my team members 87 00:05:07.320 --> 00:05:11.400 We have been working diligently since April 2019 with a C-level composition 88 00:05:11.400 --> 00:05:13.320 With a previous failure, we are a bit older 89 00:05:13.320 --> 00:05:17.160 And we have thoroughly explored OCR 90 00:05:17.160 --> 00:05:20.480 in details while receiving awards from the KISED 91 00:05:20.480 --> 00:05:25.080 And realized OCR was simply not working and decided to develop this instead 92 00:05:25.080 --> 00:05:27.100 While I have deep understanding in accounting 93 00:05:27.100 --> 00:05:30.400 the team has a high level of understanding in testing and educational management 94 00:05:30.400 --> 00:05:33.280 Also as this market cannot be solved solely with technology 95 00:05:33.280 --> 00:05:36.585 Someone like me, an old guy, needs to persuade publishers and form partnerships 96 00:05:36.585 --> 00:05:37.880 which is my specialty. 97 00:05:37.880 --> 00:05:41.860 Also, one of our developer was a patent attorney before 98 00:05:41.860 --> 00:05:45.261 so we're working hard to protect all our developed technologies with patents 99 00:05:46.360 --> 00:05:49.360 Waiting in this market will never give you a start 100 00:05:49.360 --> 00:05:52.960 The iPad was first released in 2010, and yet we are still studying like this. 101 00:05:52.960 --> 00:05:56.640 It's time to change and if you trust us, we will make sure not to disappoint. 102 00:05:56.640 --> 00:05:57.440 Thank you.