Jeon Hwa-sung's Startup Morning Coffee #1119: Startup Success Story

"Startup Morning Coffee," broadcast live daily at 8:40 AM on the YouTube channel 'Jeon Hwa-sung's CNTV', is a program hosted by CEO Jeon Hwa-sung that deeply illuminates the core competencies and market potential of various startups. It has firmly established itself as a valuable information platform for those interested in the startup ecosystem, interacting interactively with viewers through real-time comment communication. Jungwoo Maru, one of the companies spotlighted in this program, is making innovative attempts to transform data regulations into AI competitiveness. Recognizing that South Korea faces the challenge of delayed AI technology development due to training data containing a large amount of personal information, the company focuses on simultaneously solving the two difficult tasks of protecting personal information and securing AI competitiveness. Jungwoo Maru presents 'synthetic data' as a solution, forecasting explosive growth for the synthetic data market, currently valued at 0.3 trillion won, to reach 3.3 trillion won by 2028, growing at an average annual rate of 46%. Currently, Jungwoo Maru is successfully carrying out CNTTECH's 2nd Seoul Fintech Lab support project, accelerating its growth. Jungwoo Maru's core technological strength lies in its privacy-enhancing preprocessing, which utilizes precise analysis and differential privacy techniques specialized for specific domains, particularly finance and public sectors. They generate high-quality synthetic data through hybrid synthetic engine training, demonstrating excellence across four key performance indicators: security, accuracy, consistency, and process certainty. This unique technology provides an optimal solution for synthesizing structured data in the financial and public sectors, helping clients advance AI technology while complying with personal information protection. CEO Jeon Hwa-sung explained that Jungwoo Maru's business model is based on selling synthetic data, generating revenue by supplying training data generation models to clients either on-premise or as a cloud-based subscription service. He particularly evaluated the company as having significant potential to lead the market, based on its expertise in the financial synthetic data sector. In modern society with strengthening data regulations, Jungwoo Maru's role as a key partner for AI technology development will become even more crucial, and it is considered a company with promising future growth.