Cybersecurity News in Asia

DHAKA and CHITTAGONG, Bangladesh, June 23, 2022 /PRNewswire/ — Interconnection Conclave 2022, a forum dedicated to Internet Service Providers (ISPs), International Internet Gateways (IIGs), and Telecommunications Companies (Telcos), was held for the first time in Bangladesh on June 6th and 7th. The event was hosted by DE-CIX India along with its exclusive distribution partner in Bangladesh – Mango Teleservices. Genie Networks was honoured to be a part of this event to share its expertise and experience in network analysis and DDoS security.

One knows how important Bangladesh is when it comes to the SAARC Region. A developing nation with tons of potential opportunities. Rising demands for digital transformation and network security have led Bangladesh to become one of the world’s fastest-growing economies in telecommunications. Followed by a series of events in India in late May, the Interconnection Conclave took place in Dhaka, attracting over 140+ participants from major service providers that occupied nearly 95% of the local market. The event not only paved a way for them to explore market-trending solutions that could benefit the operations and security of their network, but also unleashed the potential to strengthen market presence in Bangladesh for global solution providers such as Genie Networks.

As a top carrier-grade network solution provider in the APAC region, Genie Networks has accumulated over 20 years of experience serving over 650 customers worldwide, including some of the world’s largest ISPs, Telcos, and enterprises with its network analysis and DDoS protection solutions. In recent years, the company has gained notable market share in SAARC’s service provider sector, including 2 major tier-1 customers in Bangladesh, and 1 each in Pakistan and India, respectively.

At the event, Genie showcased its best-of-breed DDoS and network traffic analysis solutions, including GenieATM – the flow-based traffic analysis and DDoS detection system, and GenieAnalytics – the big data platform for end-to-end analytics including OTT service, CDN, and subscriber traffic. Other topics discussed included Genie’s patented solutions and features such as Flow Load Balancer (FLB) and Traffic Snapshot, which are some of the company’s unique selling points in the market. The high amount of interest and feedback from the crowd in response to Genie’s presentations and the intriguing Q&A sessions were clear indicators of potential rising demand for such solutions in Bangladesh.

“It’s been a pleasure having Genie Networks share their long-time market experience with carrier-grade network traffic,” said Mir Masud Kabir, Managing Director at Mango Teleservices. “Genie’s anti-DDoS features – from monitoring, detection, alerting, to mitigation, provides the answer for local service providers who are in search of a comprehensive DDoS protection solution.”

About Genie Networks

Genie Networks is a leading provider of network traffic intelligence and security solutions that help customers to better plan, manage, and protect their networks. By giving network-wide visibility into data traffic trends and instant protection against cyber threats, our solutions enable customers to optimize the performance, security, and cost of their network operations to stay ahead in the ever-changing digital landscape.

About DE-CIX India

DE-CIX India is an Internet Exchange Point (IXP) that interconnects more than 500+ members, making it the largest Internet Exchange in India. DE-CIX India is the first choice of all kinds of operators including Content Delivery Networks (CDN), Internet Access providers, Telecommunication providers, Internet Service Providers (ISP), and much more.

About Mango Teleservices

Mango Teleservices Ltd. is the first private sector International Internet Gateway (IIG) operator of Bangladesh. Mango provides IP transit service for its customers. All Internet Service providers of Bangladesh are connected to the Internet through the IIGs. Mango has a world-class network, equipment, team and international carrier partners.

BEIJING, June 23, 2022 /PRNewswire/ — A news report by haiwainet.cn: Traditional Chinese Medicine (TCM) has a history of more than 5,000 years that nurtures the Chinese view of life and health, man and nature, and man and the universe, it has since become an inseparable and important part of Chinese culture.

Recently, short videos of Traditional Chinese medicine culture draw public attention on YouTube. A group of Chinese institutions of medicine uploaded 113 short videos to explain the origin, heritage, innovation, and application of TCM on their channel Traditional Chinese Medicine Hub. In just one month, these videos gained more than 12 million impressions and 1 million views. Among them, Traditional Chinese Medicine Without Boundaries produced by Zhejiang Provincial Hospital of Traditional Chinese Medicine tells the story of the internationalization of TCM from the perspectives of TCM tutors and international students, and received 500,000 views on YouTube, The Advice of The Golden Coffer produced by Henan University of Traditional Chinese Medicine combines the culture of TCM with popular music, breaking the barriers between language and culture with melody, The Story of Artemisinin, produced by the China Academy of Chinese Medical Sciences, focuses on Nobel Prize winners Tu Youyou and her legendary discovery of artemisinin that changed the history of global malaria treatment.

Haiwainet from People’s Daily has been actively committed to telling China’s stories to international audience on popular global social networks. The manager of this campaign from Haiwainet said that in the future, Haiwainet will continue to cooperate with national authorities and relevant professional institutions, using short videos and digital means to promote the culture of TCM to a broader audience.

SINGAPORE, June 23, 2022 /PRNewswire/ — Whale, as a professional Omnichannel Digital Marketing Operation Platform established in China, has announced its participation in Seamless Asia 2022 on 22 June. Kevin Guan, the Chief Growth Officer of Whale attended this event as the panelist to discuss the topic of Unclok Omnichannel Scenes Data Black Box together with many professionals in the retail industry.

At this online panel, Kevin introduced Whale’s brand new space digital solutions, SDP, Space Data Platform, and contributed deep insights regarding the Singapore retail market. He explained the actual situation about the current data missing in the local retail market. Also, he emphasized the high value of data collection and data analysis, as well as explaining a case study to demonstrate how brand store operation is empowered by Whale SDP.

Based on offline and online capabilities, Whale SDP integrated spatial intelligence, global data analysis, global content delivery and management, online and offline consumer behavior insights, and automated marketing operations to reconstruct “field” insights for customers.

“Our participation in Seamless Asia underscores our commitment in helping brands reshape and optimize their marketing tools, and allowing brand marketing to automatically adapt to consumption and dynamic changes in the customer journey to achieve improved marketing efficiency and business growth.” said Kevin.

Whale innovates in AI, IoT and data technologies to provide data-driven, collaboration-first and easy-to-deploy omnichannel marketing solutions for brands. Whale aims to help retail brands achieve sustainable refined operation and lean growth. Now, Whale has served a wide range of industries such as F&B, beauty and skin care, fashion shoes and garments, luxury and jewellery, digital appliances, catering and tea, supermarket and convenience store, auto service and medicine and health. Whale has cooperated with more than 300 top brands in their own industries such as Unilever, Carrefour, Watsons etc,.

Welcome to gain more marketing knowledge at Seamless Asia 2022, or visit our Facebook and Twitter to learn more about Whale’s digital solutions for brands and start growing with us!

BEIJING, June 23, 2022 /PRNewswire/ — A news report from chinadaily.com.cn：

The Beijing Daxing International Airport Economic Zone (BDIAEZ) launched an innovation competition to explore cities of the future as it aspires to become a world-class “aerotropolis” — an urban area centered around an airport — over the next few decades.

The “Future City” Explorer Global Innovation Competition began on May 27 and will last until late August.

Focusing on four themes of green and low-carbon development, cultural inclusivity, new consumption and smart tech, the event is designed to collect proposals for urban development, spur innovation in policy, technology and business models, and assist resource allocation and matching, said the BDIAEZ administrative committee, the competition’s organizer.

The smart tech sector, for example, looks for cutting-edge technologies, models and proposals that improve the zone’s management and services and help build a smart city.

Young scholars, students and research institutes as well as tech enterprises and startups from home and abroad are welcome to pitch their ideas and projects.

Centering around Beijing Daxing International Airport, the BDIAEZ in Beijing’s Daxing district will serve as an experimental field and provide support for top contestants, advancing their projects’ industrialization and launches, the organizer said.

In addition to prizes, they will be recommended to investors and receive guidance from industry leaders and renowned academics, the organizer added.

The competition is part of events held by the BDIAEZ recently as it is calling for plans and designs for the development of the International C&E and Consumption Hub. The project is aimed at promoting convention and exhibition businesses, as well as spurring consumption.

The BDIAEZ’s core area covers about 150 square kilometers, comprising 50 sq km in Beijing and the rest in the city’s neighboring Hebei province. The International C&E and Consumption Hub will be positioned at the eastern area of the Beijing section.

The State Council approved the establishment of the economic zone in 2016, with the strategic goals of developing it into a function-carrier area for international exchange, a leading area for national aviation technology, and a demonstration area for the coordinated development of Beijing, Tianjin and Hebei province, according to the administrative committee.

By taking advantage of the airport and preferential policies of functional zones, the BDIAEZ is building a center where global resources are gathered as well as a new driving force for regional economic growth.

The BDIAEZ’s comprehensive industrial pattern has taken shape, with the life and health industry as the lead, high-end services and aviation security as the foundation, as well as new-generation information technologies and advanced equipment as the reserve.

Six major industrial parks have been launched, including an innovation service center of the free trade zone, a medical equipment intelligent manufacturing park, a biomedical incubator and an international business complex.

The BDIAEZ is the only area in Beijing that adopts favorable policies of the free trade zone and Zhongguancun Science Park, a high-tech demonstration zone in the capital, while following the city’s strategies for opening up its services sector.

The BDIAEZ administrative committee now has 80 administrative rights, with 49 delegated from the Daxing district government and 31 from municipal authorities.

Marked progress has been made in creating a business-friendly environment with approval procedures streamlined and services optimized.

The BDIAEZ also provides one-on-one aid to enterprises with difficulties, while establishing an online service platform to enhance the efficiency of approvals.

The economic zone plans to sign 20 megaprojects and put six of them into production this year, according to the administrative committee.

It will continue to move forward with reforms, cultivate export-oriented industries and help ensure the airport’s smooth operation.

By 2035, a modern, smart and eco-friendly economic zone will have been built. It will play a vital role in promoting regional high-quality development, according to the zone’s development plan.

Beijing Daxing International Airport is expected to become an international aviation hub by that point, with an annual passenger throughput of up to 100 million.

The “Future City” Explorer Global Innovation Competition is now open for registration.

Please click on the following link to sign up: https://www.wenjuan.com/s/YRN32a8/

The port is also Asia’s first fully automated container terminal

QINGDAO, China, June 23, 2022 /PRNewswire/ — During the 2022 Qingdao Multinationals Summit, the press office of Shandong Provincial People’s Government invited journalists to tour the Shandong Port Group’s automated container terminal at Qingdao Port, to learn about its smart and green operation and intelligent overhead container delivery system.

As the traffic volume continues to increase, the port’s carrying capacity limitations has become a bottleneck that limits further development. It quickly became evident that deploying a 3D intelligent, green and low-carbon transportation system is the way of the future.

Shandong Port Group senior expert Zhang Liangang and Qingdao New Qianwan Container Terminal general manager Li Yongcui took turns in explaining that Qingdao Port is now one of the world’s leading automated container terminals equipped with state-of-the-art technologies, a high degree of automation and high loading and offloading efficiency. It is also the first fully automated container terminal in Asia. The port has achieved productivity of 36.2 containers per ship per hour on average, peaking at 52.76 containers per hour, a production efficiency that is 50% higher than other ports with similar automated terminals. As one of the world’s largest automated terminals, Qingdao Port can accommodate 24,000TEU container ships with an annual throughput of 5.2 million TEUs.

On June 30, 2021, the world’s first intelligent overhead container delivery system (in a pilot phase) was put into operation at the automated terminal. The system was co-developed by a team of Qingdao Port engineers working under Mr. Zhang and the R&D team at CRRC Yangtze, with the goal of integrating the leading suspension transport technologies into the port’s operations to resolve that most difficult “last mile”, so as to maximize efficiencies when it comes to delivering containers between the terminal, ships, transfer stations and stockyards, and meet the requirements for low cost, short loading/unloading cycles, greater efficiency, full automation, higher safety and zero emissions.

With a commitment to being an environmentally-friendly and low-carbon hub, Qingdao Port, the world’s first “hydrogen + 5G” smart ecological terminal, has pioneered the hydrogen-powered crane technology and system by developing a hydrogen energy-driven solution for the fueling of equipment needed for the operation of a large port. The system reduces carbon emissions by some 3.5kg and sulfur dioxide emissions by 0.11kg per TEU. Calculated on the basis of an annual capacity of 3 million TEUs, 21,000 tons of carbon dioxide and 640 tons of sulfur dioxide emissions are estimated to be cut annually.

QINGDAO, China, June 22, 2022 /PRNewswire/ — The 3rd Qingdao Multinationals Summit (QMS) opened on June 19, with 476 representatives from the world’s top 500 companies and other industry leaders discussing market trends as well as opportunities for mutually beneficial cooperation between MNCs and China. Many multinationals remain of the opinion that China is still an important destination for global investment and look forward to seizing new and rewarding opportunities for development in the country.

Dow’s commitment to and confidence in China has never wavered. Compared with other countries and regions, China boasts a broad market with ample headroom for growth, growing consumer demand, a complete industrial system and supply chain ecosystem. These unique advantages provide multinational companies, including Dow, with tremendous room for expansion.

During the summit, biopharmaceutical company AstraZeneca officially announced its expansion of investment in China, with plans to build a production and supply base and set up a regional headquarters in Qingdao. Air Products completed its first hydrogen refueling station in Shandong province last August – Zibo Huantai Demonstration Hydrogen Refueling Station, which provides hydrogen refueling services to several local bus lines and logistics fleets.

Japan’s Marubeni Corporation will collaborate with Chinese companies in green businesses such as healthcare and renewable energies. South Korea’s SK Group will cooperate with Chinese counterparts to expand its global presence in hydrogen, renewable energies and other environmental fields.

Germany’s Festo is accelerating the rollout of its roadmap for China in several niche industries including 5G, life sciences, pharmaceuticals, EVs and semiconductors with a focus on automation and digital transformation.

Tesla’s Shanghai Super Factory has become the company’s most important export base and production center, delivering more than 480,000 pure electric vehicles to drivers worldwide in 2021. The company’s Chinese operations account for half of Tesla’s global delivery volume.

Multinational companies have participated in and witnessed China’s opening up to the outside world, and have made important contributions to China’s scientific and technological innovations, industrial transformation, and economic and social development. China has just entered a new stage of development. Building a new model for economic development, actively negotiating free trade agreements (FTAs), promoting the digital economy and low-carbon growth are sure to bring new development opportunities to multinational companies.

GURUGRAM, India, June 22, 2022 /PRNewswire/ — VVDN, the global provider of product engineering, manufacturing, digital services and solutions, unveiled its plan to expand in Europe under its new leadership. The company which has a strong footprint in the US, Canada and APAC region is now presenting the new ambitions in Europe and is focussing to achieving revenue of $500mn in the next 3 years from the region.

VVDN intend to help a lot of OEMs and Brands in Europe to address their technology gap in the space of 5G Telecom, Datacenter, Networking & Wi-Fi, Vision, Automotive, EV and Cloud space. VVDN has a lot of intellectual properties in the above domains which can enable customers operate at scale as well as speed by reinforcing the technology adoption.

Amit Saharan, VP- Business Development Wireless, Vision and IOT, Europe, said, “We are excited to bring VVDN services to OEMs and System Integrators in Europe. As we continue to grow, we are constantly looking at opportunities in every market we enter. We see tremendous opportunities in assisting customers in the networking and wireless space with solutions like Access Points, ONTs, Network Switches etc. Further our experience, expertise and solution accelerators in vision cameras, automotive and Cloud space will help our European customers in their next generation product design, development and manufacturing.”

VVDN’s Europe expansion announcement is part of VVDN’s growth strategy and will be led by multidisciplinary teams. With Europe being a strong growth area for VVDN, company will continue to invest in further strengthening its Europe presence by creating local engineering teams, business teams, and being closer to customers.

Nitin Jain, VP-Business Development 5G & Datacenter, Europe, said, “We see Europe 5G market as a huge growth potential. With VVDN’s strong foothold in the 5G design, testing services offerings on oRAN RU and DU along with our Fronthaul, L1 Low PhY and High PHY IP’s, we can help guide OEMs, telcos, test & measurement companies through the complexity of 5G product design, development and manufacturing. In addition, VVDN’s 5G Telco Cloud, MEC services makes VVDN a true 5G partner for its customers.”

VVDN is going to accelerate growth, focusing on its key areas and capabilities in the domains where it already holds a good position and has good potential. It will continue to pursue large deals in the focus domains in Europe.

About VVDN Technologies:

VVDN is a premier Product Engineering & Manufacturing company focused on designing & manufacturing end-to-end products in the domains of 5G, Networking & Wi-Fi, Vision, IoT, Cloud & Apps. VVDN’s India HQ is located at Global Innovation Park, Manesar, Gurugram, India, and it’s North America HQ is located in Fremont, CA, USA. VVDN serves global customers across several regions including the US, Canada, Europe, India, Vietnam, Korea, and Japan. VVDN has 10 advanced Product Design and Engineering Centres in India, which are fully equipped to design & test the complete hardware & software required to develop a complete product or solution.

VVDN’s 6 world-class Manufacturing facilities are located at Manesar, Gurgaon, India which includes in-house best-in-class SMT Factory, Molding & Tooling Factory, Product Assembly Factory, Die Casting Factory and Product Certifications labs. VVDN’s Engineering & Manufacturing facilities are fully complied to develop & manufacture Enterprise, Consumer, Industrial, and Automotive-grade products. 

Visit www.vvdntech.com for more information.

MANILA, Philippines, June 22, 2022 /PRNewswire/ — Cloud4C, a global Cloud managed services company present in 26 countries, has announced the appointment of Edler Panlilio as President and Chief Executive Officer of its Philippines entity. Coming on the back of other recent global appointments and large wins in the ASEAN region, this signals a marked shift for Cloud4C in its strategy to lead the market for cloud driven digital transformation in Philippines and other ASEAN countries.

Edler is a 24 + year veteran in the IT industry, having taken positions in almost every part of the Information technology spectrum, bringing a consultative mind in conversations with clients. In this new avatar as the CEO of Cloud4C Philippines, Edler Panlilio will use his vast experience to help clients navigate their transformation journeys, while helping Cloud4C enter the next phase of its growth journey.

In his past role as the Managing Director for SAP Philippines, Edler was an integral part of SAP’s Senior Executive Team in Southeast Asia. Prior to joining SAP in 2013, he held various leadership and sales Management roles in global multinationals – namely Oracle, Symantec Sun Microsystems an Logica.

Debdeep Sengupta,  President & Chief Revenue Officer, Cloud4C, said, “Edler is a consummate strategist and a leader who fosters collaboration, growth, innovation and is a champion of customers. He is a dynamic addition to our leadership team. His rich experience running cross-discipline, cross-regions and cross-technologies will bring incredible value to our management team and operations globally. I extend him a warm welcome to the Cloud4C family and wish him great success.”

Speaking on his transition from a product centric, global MNC to a service oriented organisation,  Edler said, “The speed at which transformation is taking place, especially since the pandemic, cloud has become the hottest space for any tech talent to build value and for that to happen, you need a nimble, agile, innovative and forward thinking organisation. In Cloud4C, I found that fit. I have tremendous belief that our proposition for our clients will be hard to look away from.  I am delighted to join Cloud4C, an emerging world leader in cloud managed services and one of the fastest growing technology companies

Cloud4C is World’s leading Cloud managed services player with presence in 25 countries and 52 locations and serves 60 of the Fortune 500 Global Multinationals. The company offers specialized industry cloud solutions such as banking community cloud, manufacturing community cloud, insurance community cloud, robotic process automation (RPA), cloud migration, infrastructure modernization, hyper-automation, digital workplace solutions (DAAS/VDI), DevOps, AIOps, DRaaS, Cloud managed services etc.

CONTACT: Ravi Shankar K, ravi.shankar@cloud4c.com, +65-87190012

SINGAPORE, June 22, 2022 /PRNewswire/ — Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, and Veritas Technologies, a leader in multi-cloud data management, today announced a global partnership to help enterprises protect and recover their critical data across multi-cloud environments.

Under the agreement, Kyndryl will deliver Veritas’ industry-leading data management portfolio to enterprise customers as a fully managed service, “Protection and Cyber Resiliency, Powered by Veritas.”

“Veritas and Kyndryl share a commitment to help enterprises manage their growing data estates as they transition to the cloud. Today, Kyndryl is building a partnership with Veritas to help some of the world’s largest organizations completely transform their approach to data protection,” said Kris Lovejoy, Global Security and Resiliency Practice Leader at Kyndryl. “We plan to leverage the value of Veritas Technologies to help organizations manage their data in the most efficient way to enable digital transformation.”

“Our partnership with Kyndryl addresses the biggest challenges facing the enterprise today, such as the persistent threat of cyberattacks, including ransomware and the increasing complexity of managing extraordinary data growth across multi-cloud environments,” said Mike Walkey, SVP of Global Channels & Strategic Alliances at Veritas. “Kyndryl will serve as Veritas’ Platinum Services Partner, enabling deployment, migration, and delivery of Veritas managed services. By leveraging Veritas’ market-leading innovation in data management together with Kyndryl’s industry-leading services portfolio, we can empower the world’s largest enterprises to manage and protect their data at the edge, on-premises and in the cloud.”

The partnership with Veritas extends Kyndryl’s framework of cyber resiliency services and solutions, including:

• Security Assurance Services: Security, Strategy & Risk Management, Offensive Security Testing, and Compliance Management
• Zero Trust Services: Identity & Access Management, Endpoint Security, Network Security, Application & Workload Security, Data Protection & Privacy, and Analytics, Automation & Orchestration
• Security Operations and Response: Advanced Threat Detection, Incident Response and Forensics
• Incident Recovery Services:  Cyber Incident Recovery, Managed Backup Services, Hybrid Platform Recovery and Data Center Design & Facilities

For more information on Veritas and Kyndryl’s partnership, visit https://www.veritas.com/partners/kyndryl.

About Veritas 

Veritas Technologies is a leader in multi-cloud data management. Over 80,000 customers—including 87% of the Fortune Global 500–rely on us to help ensure the protection, recoverability, and compliance of their data. Veritas has a reputation for reliability at scale, which delivers the resilience its customers need against the disruptions threatened by cyberattacks, like ransomware. No other vendor is able to match Veritas’ ability to execute, with support for 800+ data sources, 100+ operating systems, 1,400+ storage targets, and 60+ clouds through a single, unified approach. Powered by our Cloud Scale Technology, Veritas is delivering today on its strategy for Autonomous Data Management that reduces operational overhead while delivering greater value.  Learn more at www.veritas.com. Follow us on Twitter at @veritastechllc.

Veritas and the Veritas Logo are trademarks or registered trademarks of Veritas Technologies LLC or its affiliates in the US and other countries. 

About Kyndryl
Kyndryl (NYSE: KD) is the world’s largest IT infrastructure services provider. The company designs, builds, manages, and modernizes the complex, mission-critical information systems that the world depends on every day. Kyndryl’s more than 90,000 employees serve over 4,000 customers in more than 60 countries around the world, including 75 percent of the Fortune 100. For more information, visit www.kyndryl.com.

• The two companies signed the Memorandum of Understanding to establish Joint Venture in Hanoi, Vietnam… full-scale promotion of Smart City Project in Vietnam
• Plan to develop a decision support system based on internal and external creation data and a new business model including Starlake City operation and management
• Expectations for developing innovative business models based on Smart City standardization and open innovation platform

SEOUL, South Korea, June 22, 2022 /PRNewswire/ — Cloud delivery platform company, Bespin Global(https://bespinglobal.com, CEO HanJoo Lee) announced on June 21^st that its Vietnamese subsidiary – Bespin Global Vietnam and a local subsidiary of Daewoo Engineering & Construction – THT Development Company plan to establish ‘Smart City Operation Joint Venture’ within this year and promote the Smart City project in Vietnam at full-scale.

Bespin Global Vietnam and THT Development recently signed the Memorandum of Understanding for the establishment of a ‘Smart City Operation Joint Venture’ at the ‘Integrated Command & Control Center’ in Starlake City in Hanoi, Vietnam. The signing ceremony took place with the participation of key stakeholders from both companies including Hoon Park, a Co-Founder and President of Asia and Europe of Bespin Global, Ted Kim, General Manager of Bespin Global Vietnam, Seung Han, Senior Vice President of Daewoo E&C and An Kuk-jin, General Director of Daewoo E&C THT Development.

The joint venture, which will be established with the cooperation of the two companies, will be in charge of the operation and management of data-based Smart City in Starlake City, Hanoi, Vietnam in the future. In addition, it will focus on establishing a decision support system and developing a new business model based on various element technology data generated within the Smart City. Element technology data refers to the technology applied to each element and the data generated from the technology so that the capabilities of Smart City can be properly implemented. It includes autonomous driving, smart energy, smart grid(intelligent power grid system), air quality measurement and water quality management system, AR/VR-based construction learning system, BIM(Building Information Management) system, smart construction using drones, apartment, villa, office, and green area operation and management(O&M) and etc.

In addition to the data generated in the Starlake City, it will continue to create new values based on data generated from various business activities such as collaboration with Smart City element technology startups and tech companies that will attract joint ventures, cooperation projects with both Korean and Vietnamese government agencies and major Vietnamese infrastructure companies and Smart City related projects developed by Joint Ventures.

Through this agreement, Bespin Global will be able to secure the long-term operation and investment foundation of the Smart City data integrated management platform. In addition, while enhancing Smart City platform development and operation capabilities, it plans to commercialize and expand Smart City businesses in Vietnam in the future. THT Development has the ability and experience to manage Smart City operations and will expand and support New City business projects based on this in the future.

The two companies announced that they plan to build close mutual cooperation based on their core capabilities and technologies.  Bespin Global focuses on establishment of Business Strategy and Platform for Vietnam Smart City 2.0, building an Open Innovation Platform for Smart City, attracting a variety of Smart City Element Tech Companies, establishment and operation of data-based Smart City operation and management system, empowering Smart City data integration management platform, and building a cloud-based foundation based on its Cloud and digital transformation expertise.

TH Development not only actively introduces a data-based Smart City operation system in Starlake City, Hanoi, but also fosters Starlake City as a POC demonstration complex that reviews and applies various Smart City element technologies. In addition, it plans to make efforts to actively provide joint ventures and partners with opportunities to participate in various projects.

Seung Han, Senior Vice President of Daewoo E&C said, ” With the signing of this agreement and the establishment of a joint venture, we have taken the first step toward creating a data-based Smart City beyond the Smart City stage that reflects some of the existing element technologies. He added that “We will do our best to establish ‘Smart City Operation Joint Venture’ and lead related projects successfully to become a best practice for the Smart City standard model that generates substantial profits, and Daewoo Engineering & Construction will serve as a priming water for the expansion of the smart city industry, a new future food.”

Hoon Park, a Co-Founder and President of Asia and Europe of Bespin Global said, “Through this agreement, Bespin Global’s goal is not only to operate and manage Smart City data, but also to help digital native startups and tech companies enter the Smart City data platform and continue to create a convergence business model” and stressed that “as the data platform is the basis for implementing Smart City element technology and solutions, we will lead the future of cities and infrastructure with Bespin Global’s digital transformation expertise.”

Meanwhile, Starlake City is a new city development project independently created by Daewoo Engineering & Construction in the central area of Hanoi, Vietnam. Bespin Global Vietnam and THT Development jointly developed and operated a Smart City Data Integration Management Platform (THT-BESPIN SMART CITY HUB) last year, and recently signed an MOU with Hanoi Electric Power Corporation to introduce a pilot infrastructure applied with AMI in Starlake City.