The standard of new study methods for the digital native generation.
Hello, I am Hyeonwook Cho the CEO of Solve
Standing here, it feels like it's turning me an extrovert into a shy introvert
I'm sure all of you are aware, that the tablet adoption rate is rapidly increasing
Because of COVID-19 online education as well
because the government is promoting digital textbook initiatives
The adoration rate is accelerating
However, it is unfortunate that the book market which is worth 400 billion won
have release programs such as Ridibooks
but we're yet to see the 440 trillion won digital learning market emerging any programs like that
The reason is that EPUB and PDF do not provide services
suitable for the context of solving
I can see many university students here, and this is how all of them are studying
They buy a book, scan it
and transfer to their iPads, which is very inconvenient.
And the second problem is, the illegal publication issue when the scanned files are borrowed around
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
However, why don't publishers sell this to users who are ready to discard the books?
First, publishers are companies that make books
not softwares
And that is why, they still use Hangul for documents
And working hard to make good books
Another problem is that even if they try to hire developers,
the salary structure of developers or publishers
make it impossible to hire a high-quality developers
And one of another practical problem here is
they still have OCR method in their mind
OCR is a technology that excavates text and converts it into text
Reference books are not only composed of text
but with pictures, tables, etc. Therefore using only text is limited
Even though it can be extracted as text, digitalization is progressing in a direction
where fonts, styling, and layout are maintained while gradually moving away from the service.
We believe that the reference book market should not be digitized using OCR
We use technology that adds interaction to documents
in their original form as learning content and it takes about 2 seconds for one page
and it takes about 15 minutes to convert an entire book into interactive content.
Like so
Our machine-learning technology is a technique that excavates questions and adds interaction
When you put it on an iPad,
you can see that interactions have been added, allowing you to make free annotations like this.
Writing is possible, which means it can also be graded
After being graded, you can also check your wrong answers
It is also very convenient to be able to see the explanations without moving to another page.
So, all the answers are then stored in our database
and then we can implement functions that can be delivered to teachers, lecturers, and academies.
Another tablet application here is
when the pencil appears at the top, the canvas layer is opened
What's problematic with canvas layers is
that when layering occurs, implementing interactions becomes quite challenging
so, although it is embarrassing to complain about other companies, but
another approach is to move all interaction areas outwards
and place the scoring area separately at the top, like the red area.
But we implement multi-layer interactions
so that the pages can be preserved as they are, allowing both note-taking and marking.
It is not matter of preference or user interaction
Institution or students wants to write on the page
Especially, in order to cooperate with educational institutions,
Copyright is typically recognized on a book level rather than on an individual question level.
That's why preserving pages while implementing interactions is crucial.
Therefore, because we can only grow based on collaborations,
so to protect our strong technology during these collaboration processes,
we are building a patent portfolio.
As of today, we have secured five patents
and aiming to protect and strengthen our business going forward
What we are doing with this technology is
we are digitizing the education market through B2B partnerships and
also providing B2C mode to students.
We have formed a partnership with Mega Study Education in July
So, gradually, if you wait, you will be able to use the
contents from Mega Study Education
Even from Jinhaksa, Gaenyumwonri (imath) will join us, too.
And even in the adult education market, KG EduOne which provides exams for accountant, teacher certification has joined us
So we are gradually entering the stage of digitizing the education market
and we also have a good opportunity to generate revenue as our sales pipeline is established.
Nevertheless, partnerships are still...
We welcome partnerships with all publishers and educational institutions
but partnerships typically take a long time
So, the alternative approach we offer is
when students provide scanned files,
we provide a method of adding interaction to them.
This gives students the option to choose
while we provide this feature to ensure that the content partnership
does not constrain our service growth
Therefore, we are approaching the stage of commercialization
We are expanding our partnerships and working towards digitizing this market,
making overall visible and meaningful financial achievements
Let me introduce my team members
We have been working diligently since April 2019 with a C-level composition
With a previous failure, we are a bit older
And we have thoroughly explored OCR
in details while receiving awards from the KISED
And realized OCR was simply not working and decided to develop this instead
While I have deep understanding in accounting
the team has a high level of understanding in testing and educational management
Also as this market cannot be solved solely with technology
Someone like me, an old guy, needs to persuade publishers and form partnerships
which is my specialty.
Also, one of our developer was a patent attorney before
so we're working hard to protect all our developed technologies with patents
Waiting in this market will never give you a start
The iPad was first released in 2010, and yet we are still studying like this.
It's time to change and if you trust us, we will make sure not to disappoint.
Thank you.