GB Soft Co,. Ltd, a company that develops software that measures biological signals using cameras that analyze lights, GaonN Co., Ltd., a company that makes vegetable based protein content; these two South Korean companies are currently having business consultations with Japanese companies.
After being introduced to GB Soft by the LA Times Asia Journal, Elematec visited the Japanese company Data Scope. Data Scope, a developer of facial recognition software, established Shenzen Data Scope in China in collaboration with FOXCONN to produce the world’s largest face recognition camera and security camera. Data Scope proposed to combine the biometric AI software developed by GBSoft with their facial recognition software.Data Scope has inquired about the specifics regarding GBSofts technology and business capability. They asked about the license cost, the speed of their facial recognition software, or if a 2 month trial can be provided for testing purposes. With these questions in mind, Elematec and Data Scope are in the process of developing a plan as the two companies investigate the Japanese Market.
Elematec has also introduced GB Soft to Maxell. Maxell is a general electronics company that wishes to collaborate with GB Soft to develop a service platform. Maxell is preparing a partnership with a fitness app that is utilized in 170 locations in Japan. They aim to increase the number of users by integrating GB Soft’s vital sign reading technology. Maxell is currently researching the Japanese market as they plan for this project.
Furthermore, Elematec introduced GB Soft to Carecom as well. Carecom is a Japanese company that produces and sells nurse call systems. Their company accounts for 80% of Japan’s market share in that field. Carecom is preparing plans to collaborate with GB Soft to grow their company.
LA Times Asia Journal introduced GaonN to Japan’s Egami-Corp. Through Egami-Corp, GaonN was able to establish a business relationship with multiple Japanese companies. Two of those companies include Don Quijote (the largest discount store in Japan), and Sun Drug (the fourth largest drug store in Japan). Don Quijote is in the process of internally reviewing GaonN’s product and Sun Drug has completed their evaluation and began business consultation with Egami-Corp. Egami-Corp has already filed for approval for GoanN’s product from the Ministry of Health, Labor and Welfare (MHLW) in order to proceed with plans with Sun Drugs.
Due to the pandemic, Japanese businesses must overcome many adversities to operate not just internationally, but domestically as well. However, they continue to thrive in this environment due to superior technology, products, and services. As the LA Times Asia Journal continues to create a bridge between companies, the pandemic is no longer an obstacle for businesses. Japanese and Korean businesses continue to stay active as they create new trends in the market.
Mike Choi
Asia Journal
(Los Angeles Times Advertising Supplement)
