Hyosung Ventures' First Investment This Year: 8 Billion KRW in 'Ditonic' and 'Changupin'

'Ditonic,' Specializing in Big Data Analysis, Targets IPO Next Year
Hyosung Ventures and KIAT Establish 51 Billion KRW Fund
"We Will Support the Growth of the Startup Ecosystem"

Hyosung's corporate-led venture capital, Hyosung Ventures, made its first investment of the year.

On the 31st, Hyosung Ventures announced that it had invested in 'Ditonic,' the only domestic company specializing in 'spatiotemporal big data' processing, and 'Changupin,' which provides QR-based ordering and payment solutions. The investment was made through the 'Hyosung CVC Scale-up New Technology Business Investment Fund No. 1,' a fund worth a total of 51 billion KRW established in March 2023 in collaboration with the Korea Institute for Advancement of Technology (KIAT). Hyosung Ventures continues to invest in companies in the fields of artificial intelligence (AI), IT, materials, and fintech through this fund. 80 billion KRW was utilized in this investment, and to date, a cumulative total of 32 billion KRW has been invested in promising companies such as ▲Battery ▲PersonaAI ▲A&Poly ▲Colosseum Corporation ▲Access Lab ▲Platforce.

Ditonic provides solutions that analyze spatiotemporal big data such as location and time information to derive useful patterns and insights. Its solutions are applied in various industries including autonomous driving, infectious disease tracking, and weather observation. It counts companies and public institutions such as Samsung Electronics, LG Energy Solution, and the Road Traffic Authority among its clients. Since 2019, it has grown at an average annual rate of 115% and aims for an initial public offering (IPO) in 2026.

Changupin offers a QR-based ordering and payment solution that can be easily installed on POS devices. Leveraging the ease of use and low fees of its service, it is expanding its business by applying it not only to the food and beverage (F&B) industry but also to various other sectors. This investment has secured opportunities for collaboration with IT affiliates of the Hyosung Group.

Kim Cheol-ho, CEO of Hyosung Ventures, said, "We will actively engage in startup investments to support the growth of the domestic startup ecosystem."

Meanwhile, Hyosung Ventures is also identifying investment targets for the 'Startup Korea Hyosung Deep Tech Venture Investment Fund,' a 100 billion KRW fund established last December in partnership with Korea Venture Investment Corp. It plans to make its first investment in the first half of this year by selecting startups equipped with cutting-edge future core technologies.