Saltlux Submits Preliminary Review Application for KOSDAQ Technology Special Listing

[Asia Economy Reporter Eunmo Koo] Saltlux has begun the process of entering the KOSDAQ market.

On the 9th, Saltlux announced that it submitted a preliminary review application to the Korea Exchange for a technology-specialized KOSDAQ listing and is officially launching its initial public offering (IPO). Since entering the machine learning and natural language processing business in 2000, Saltlux has focused its capabilities on AI and big data businesses for over 20 years.

Saltlux’s proprietary 'Ensemble Conversational Artificial Intelligence' and 'Big Data Augmented Analytics' technologies have been integrated into various services and are gaining attention both domestically and internationally. A Saltlux representative stated, “As a result of dedicating ourselves to AI for the past 20 years, we have succeeded in accumulating differentiated technological capabilities and references. In December last year, we underwent a technology evaluation focused on core technologies and received 'AA' and 'A' ratings from two professional evaluation agencies, proving our high technological prowess.”

Saltlux’s core competitiveness lies in AI and big data solutions accumulated over more than 20 years. Based on continuously accumulated technological capabilities and diverse operational know-how since its establishment, it holds the largest number of intellectual property rights in the industry (121 patent applications, 61 registered patents) and has secured various clients across industries such as finance, telecommunications, broadcasting, and government agencies. Leveraging this, it has shown a high sales growth rate of over 25% annually on average over the past three years, demonstrating potential for sustainable future growth.

Saltlux plans to diversify its portfolio by expanding the proportion of its on-premise platform business into cloud service businesses and aims to leap forward as an advanced solution company. Additionally, it intends to strengthen its overseas market entry beyond Korea through various specialized services.

Lee Kyung-il, CEO of Saltlux, expressed his ambition, saying, “We plan to lead the AI market, the core of the future 4th industrial revolution, based on convergence with other industries such as Robotic Process Automation (RPA), Virtual and Augmented Reality (VR·AR), and voice recognition and synthesis, and to grow into a global unicorn AI specialized company.”