Ate1 Wins Minister of Culture, Sports and Tourism Award as an 'Outstanding Company in the 4th Industrial Revolution 2023'

KOSDAQ-listed company EightOne (CEO Jin-Yeop Lee) announced that it received the Minister of Culture, Sports and Tourism Award in the ‘Outstanding Companies in the 4th Industrial Revolution’ category at the 8th 4th Industrial Revolution Power Korea Expo held at the National Assembly Members' Office Building on the 12th.

Ate1 CEO Jin-yeop Lee (right) is receiving the Minister of Culture, Sports and Tourism Award at the 4th Industrial Revolution POWER KOREA Daejeon held at the National Assembly Members' Office Building on the 12th. / Photo by Ate1

The 4th Industrial Revolution Power Korea Expo, co-hosted by the Korea Association of Journalists and the National Assembly 4th Industrial Revolution Forum, is an event that discovers and awards companies leading innovative growth by utilizing advanced convergence technologies. At this event, companies demonstrating excellent performance in IT industry fields such as big data, AI, virtual reality, and robotics were selected based on criteria including innovation, convenience, and economic feasibility.

EightOne was recognized for its technological capabilities in XR (Extended Reality), metaverse, and blockchain, as well as the excellence of its content utilizing XR technology, earning the Minister of Culture, Sports and Tourism Award.

The company received high praise for implementing various training content through VR (Virtual Reality) and AR (Augmented Reality), enabling vivid on-site application. Additionally, its strength in XR production was highlighted through metaverse content that allows users to enjoy cultural and tourism resources in novel ways.

An EightOne representative stated, “EightOne’s XR content is being utilized across diverse fields such as defense, industrial safety, education, and culture, and we plan to expand its application areas throughout daily life, including finance and real estate. We will continue to focus on technological development to grow as a leading Korean company in the XR industry.”

Previously, EightOne’s wholly-owned subsidiary Grid’s metaverse platform ‘MOIM’ won the Minister of Science and ICT Award at the 2021 VR Metaverse Contest.

Meanwhile, EightOne is solidifying its position by partnering with Woori Bank to open a comprehensive support center for small business owners and a digital training center. Recently, it launched a VR game utilizing the IP of the classic masterpiece Fortress and signed a business agreement with Busan Tourism Organization to build a metaverse tourism platform, actively expanding its XR business.

This content was produced with the assistance of AI translation services.