Emotionwave Selected for Gyeonggi Provincial Science and Technology Promotion Agency's AI Membership Program, Accelerating Global Market Strategy with AI…
- Emotionwave Selected for Gyeonggi Province Economic Science Promotion Agency AI Membership Program Accelerating Global Market Targeting with AI Solutions such as RIMA, AIMPLE, and MUTA Securing Export Contracts Worth 13 Billion KRW in 6 Countries Including the US and Europe in 2024
AI Media specialist company, Emotionwave (CEO Rio Jang), announced that it has been finally selected as a 'Gyeonggi Province AI Membership' company operated by the Gyeonggi Provincial Science and Technology Promotion Agency.
Established in 2013, Emotionwave is a leading company in the field of generative AI-based music creation platforms, currently employing 6 dedicated AI personnel out of 30 employees. The company has shown steady growth over the past three years, recording approximately 4.765 billion KRW in revenue in 2024. Emotionwave possesses core technologies such as ▲AI-based interactive digital human technology ▲AIoT music content integrated control system ▲Multimodal emotion recognition and situation-response chatbot engine.
Representative products include the AI instrument performance platform 'RIMA AI', the AI digital human platform 'AIMPLE', and the AI entertainment solution 'MUTA'. Notably, in 2024, the company achieved the success of signing a license export contract for the 'Emotionwave AI Suite' worth $13,215,436 (approximately 13 billion KRW) from 6 countries including India, Singapore, Spain, France, Netherlands, and the US.
Emotionwave launched 'Rima Public,' Korea's first artificial intelligence concert solution in 2020, and successfully held the world's first AI-created traditional Korean music concert. In 2023, it received the Minister of Science and ICT Award, and in the KOSDAQ technology special listing mock evaluation in 2024, it obtained a BBB rating.
The company currently holds 16 registered patents and numerous pending applications, and has established strategic partnerships with 15 domestic companies and institutions, including Samik Musical Instrument, SKT, Game Culture Foundation, and Seocho-gu Office, as well as 5 overseas companies.
Through the Gyeonggi Province AI Membership, Emotionwave plans to promote ▲AI technology advancement ▲B2B market expansion ▲and global partnership building. In the short term, it aims to improve the accuracy of AI emotion recognition from the current 87% to 94%, and in the medium to long term, it targets achieving 25 billion KRW in revenue and a technology special listing by 2028.
CEO Rio Jang stated, "Building on the selection for the Gyeonggi Province AI Membership, we plan to fully apply and expand hyper-large AI and emotional technology in the music and media sectors to leap forward as the No. 1 AI media company in Korea," adding that "we will contribute to the development of the Gyeonggi Province AI ecosystem and lead the globalization of K-content."