[Featured Stock] CU Box Starts as a Global Company with a Market Cap of 10 Trillion Won... AI Healthcare Advances with Top-Tier Technology Worldwide

CU Box, a newcomer to KOSDAQ, has recovered its offering price.

At 10:11 a.m. on the 23rd, CU Box was trading at 15,460 won, up 12.93% from the previous day.

CU Box entered the KOSDAQ market on the 19th with an offering price of 15,000 won. On the first day of listing, it fell 11% from the opening price, dropping to around 13,000 won.

Founded in 2010, CU Box is an artificial intelligence (AI) technology development company. It boasts various solutions and systems related to AI facial recognition. It supplies AI systems to national security facilities such as the automated immigration inspection gates at Incheon International Airport, four major government buildings, and the National Information Resources Service. The facial recognition market size is expected to reach tens of trillions of won annually.

Nam Woonsung, CEO of CU Box, said in an interview before the listing, "We will grow into the world's top video recognition AI technology company," adding, "We have already proven our capabilities as a top-tier company and will become a global company with a market capitalization exceeding 1 trillion won."

CEO Nam stated, "We are showcasing various technologies such as restoring 2D images to 3D and generating videos from text," and added, "Including medical imaging diagnostic AI, we can do everything possible with video."

In 2020, based on its independently developed facial recognition algorithm, CU Box ranked 24th globally in the Facial Recognition Vendor Test (FRVT) conducted by the U.S. National Institute of Standards and Technology (NIST). In 2021, it achieved first place globally in five categories. It has been steadily recognized in the related market and continues to grow. Since 2021, it has been actively expanding its B2B (business-to-business) operations.

CEO Nam said, "We hold about 30 intellectual property (IP) rights," but added, "However, in AI technology, data acquisition and know-how are more important than IP." He further explained, "It is not a specific IP that matters, but internalizing global trends and creating new services that is important."

CU Box is accelerating its research and development (R&D). It has invested about 10 billion won solely in graphics processing units (GPUs). This represents a large-scale investment relative to the company's size. Currently, the company has about 110 employees, most of whom are engaged in R&D. After listing, it plans to focus on recruiting more AI personnel.