▲ Emotionwave AI Suite 2024 A 'Emotionwave', a company specializing in AI and Web3 (CEO Rio Jang), has completed a mock technology evaluation for listing on…
▲ Emotionwave AI Suite 2024 Technology Roadmap
'Emotionwave', a company specializing in AI and Web3 (CEO Rio Jang), has completed a mock technology evaluation for listing on KOSDAQ through the '2024 Blockchain·Information Security Technology Special Listing Consulting Project' conducted by the Ministry of Science and ICT and the Korea Internet & Security Agency (KISA).
Korea Internet & Security Agency (KISA) promoted the '2024 Blockchain·Information Security Technology Special Listing Consulting Project' targeting one blockchain company and one information security company with excellent technologies. A technology special listing is a system that supports promising technology companies with outstanding technological capabilities to list on KOSDAQ through evaluation by external verification institutions.
It grants the qualification to apply for preliminary listing review if a technology company secures an appropriate grade or higher through evaluations from technology evaluation institutions, which meets the requirements for listing on KOSDAQ. To obtain this qualification, one must secure an A grade and a BBB grade or higher from two institutions designated by the Korea Exchange.
Emotionwave was selected for this project that selects one blockchain company and underwent a mock listing evaluation simulating a real process. The technology evaluation consisted of items such as technology development performance, intellectual property rights, technology certification and research organization, business plan, technological feasibility, and market and business feasibility.
▲ Emotionwave AI Suite 2024 Product Brand Lineup
Emotionwave received very positive evaluations regarding the expertise of its management, its technological development achievements, the market size and growth prospects of its products. It also received good evaluations for the differentiability and scalability of its technology, its level of technical knowledge, and its marketing and capital raising capabilities.
Emotionwave provides 'AIMPLE,' a service that offers virtual humans and composition tools in a web3 environment to enable ultra-low latency, high-quality broadcasting, along with 'MUTA,' a music web3 platform. By possessing super-gap media platform technology with scalability centered on RIMA technology—covering everything from music composition and arrangement to performance, games, and digital humans—it is being widely applied not only in the music market but also in various real industries.
Building on the results of this mock technology evaluation, Emotionwave plans to challenge for an Initial Public Offering (IPO) for KOSDAQ listing by strengthening its technology and selecting a main sponsor.
Rio Jang, CEO of Emotionwave, stated, "Through this consulting from the Korea Internet & Security Agency (KISA), we were evaluated as meeting the minimum requirements for special listing through technology, receiving a BBB grade and an 'Very Excellent' (TI-2) technology grade." He added, "Although the investment market is difficult overall, including for technology companies like ours, we will further strengthen our technological capabilities by expanding overseas, securing patents for super-gap technologies, R&D, and market expansion, to establish a leading position in the global entertainment and AI markets."