[AI Revolution]⑫ Selvas AI Reaches 50 Billion KRW in Sales... Collaboration on Service Robot Development

Possessing High-Quality Speech Recognition Technology
Continuous Love Calls from Government and Large Corporations
Recently Integrated with GPT... Entering New Industries

Selvas AI is the first AI (Artificial Intelligence) company listed on the KOSDAQ in Korea, established in 1999. Having focused on research and development in the field of HCI (Human Computer Interaction) for over 20 years, it surpassed 50 billion KRW in sales last year. HCI refers to technology that reproduces human language exactly as it is by computers. It recognizes voice, video, handwriting, etc., and converts text to speech or speech to text. Mincheol Kwak, CEO of Selvas AI, confidently states, "We record the highest level of voice recognition accuracy in Korea." Since the COVID-19 pandemic, with the acceleration of digitalization and automation, Selvas AI has become a partner sought after by major domestic corporations, financial institutions, and government public agencies. Last year's consolidated sales reached 50.3 billion KRW, marking an all-time high. Sales were 48.5 billion KRW in 2021 and 34.8 billion KRW in 2020.

◆Collaboration with the Ministry of Education and the Korean Intellectual Property Office = 'SelviNote,' which automatically records conversations, is a representative solution of Selvas AI. SelviNote is used not only by police agencies in 17 cities and provinces nationwide but also for on-site investigations of child abuse by local governments across the country. During investigations, it automatically converts voice statements into text for recording, storage, and database creation. Recently, SelviNote was supplied to the Korean Intellectual Property Office to be used by special judicial police officers during intellectual property investigations. The plan is to expand supply to special judicial police officers in other agencies to improve investigation efficiency and achieve the number one market share for AI voice recording products in public institutions. By utilizing AI technology to reduce the burden of simple repetitive tasks, it aims to increase the social value of technology by enabling public officials to focus on work that benefits the public.

Gwak Min-cheol, CEO of Selvas AI (right), and Kim Byung-soo, CEO of Robotis, are posing for a commemorative photo after signing a business agreement for AI robot business cooperation.

Selvas AI is the lead operator of the Ministry of Education’s digital textbook viewer and platform business. Through ongoing digital textbook service projects, it has accumulated diverse technologies ranging from content production to platform function advancement. In February, the Ministry of Education announced that from 2025, AI-powered digital textbooks will be introduced in elementary, middle, and high schools. Selvas AI plans to support the enhancement of students’ capabilities and teaching and learning in line with this announcement. Through its self-developed Selpub solution, it facilitates easy conversion of existing paper books into digital textbooks and supports the general public in freely creating their own "personal digital textbooks."

◆Active Utilization of GPT Technology = Recently, Selvas AI is preparing to start new businesses by integrating GPT with AI voice technology. Together with WYSIWYG Studio and Meraker, the three companies are jointly developing an "AI-based digital twin." When artists such as actors and singers, as well as influencers, are realized in virtual form, ChatGPT will act as the brain. This will enable hyper-personalized fan services such as one-on-one conversations between artists and fans and concerts exclusively for a single fan, without spatial or temporal limitations.

Additionally, Selvas AI is partnering with 'Robotis,' a company specializing in autonomous driving robots, to promote a conversational AI robot business applying GPT to AI voice recognition and synthesis technologies. Robotis developed 'Jipgaemi,' Korea’s first indoor autonomous driving robot equipped with a robotic arm, currently performing delivery services within hotels. The integration of AI voice technology into service robots is expected to expand the robot ecosystem. CEO Kwak said, "Through cooperation with Robotis, we will present key technologies that create an era where robots evolve through interaction with humans based on AI technology and autonomously operate according to users’ needs."

This content was produced with the assistance of AI translation services.