Lululab Participates as Supplier in AI Voucher Support Project

Up to 300 Million KRW Vouchers Provided Through Demand Companies

Mobile AI skin analysis solution 'Lumini SDK' running screen by Lululab (Photo by Lululab)

[Asia Economy Reporter Chunhee Lee] AI beauty and healthcare company Lululab announced on the 6th that it will participate as a supplier company in the ‘2023 AI Voucher Support Project’ organized by the National IT Industry Promotion Agency (NIPA).

The AI Voucher Support Project is a program conducted by NIPA under the Ministry of Science and ICT since 2020 to expand AI infrastructure. It was introduced to connect competitive domestic AI companies with companies that need AI technology applications. Demand companies that pass the screening and sign partnerships with supplier companies receive vouchers worth up to 300 million KRW to pay the supplier companies.

This year, as a supplier company for the AI Voucher Support Project, Lululab plans to provide ▲ AI-based skin analysis solutions ▲ AI and data-based personalized recommendation solutions ▲ customer management and product management solutions through Customer Relationship Management (CRM) services.

A company representative stated, “Lululab’s solutions will be highly useful for beauty, distribution companies, and hospitals,” adding, “They will greatly help demand companies aiming to increase sales through digitalization linking online and offline.” They also explained that it can be an opportunity for companies that need to introduce personalized recommendation services for cosmetics, health functional foods, etc., by analyzing various skin factors such as wrinkles, pores, and troubles using deep learning technology and based on the analyzed data. Additionally, companies wishing to adopt CRM services that can efficiently manage stores, customers, and products can also be matched.

Choi Yongjun, CEO of Lululab, said, “Since Lululab has experience participating as a demand company in the support project, we understand the needs well and can serve as a guide to efficiently advance the project,” and explained, “Our AI skin analysis solution is recognized in the global market by implementing high reproducibility and accuracy based on over 2 million high-resolution skin data collected worldwide.”