Jeon Hwa-sung's Startup Morning Coffee #1144: Future Growth Strategy for AI Technology

On busy mornings, there's a beneficial program that will awaken your latent entrepreneurial spirit. This is the YouTube Live 'Startup Morning Coffee,' led by CEO Jeon Hwa-sung. Broadcast live every day at 8:40 AM on the 'Jeon Hwa-sung's CNTV' channel, this program goes beyond simply introducing startups, offering in-depth analysis of their core competencies and market potential. In particular, active communication with viewers through real-time comments makes it a living information platform and a source of inspiration for everyone interested in the startup ecosystem. Among the numerous innovative companies introduced through this platform, 'GotTech' is currently receiving the most attention. One of the chronic problems in the manufacturing industry is waste. Discarded materials and components exacerbate environmental burdens and lead to economic losses. There is a company that offers an innovative solution to this problem: 'GotTech'. They operate 'Re-fit,' a resource circulation platform that transforms waste materials and components into new resources, thereby shaping the future of sustainable manufacturing. Like the analogy of an "industrial Carrot Market" (a Korean used-item marketplace app), they possess magical technology that recycles industrial waste, once thought to have outlived its usefulness, into additive manufacturing powders. Through this, they organically combine three business models – material sales, repair, and reform (recycling) – to reduce resource waste and actively contribute to environmental protection. Currently, GotTech is accelerating its growth by participating in CNTTech's Global Startup Academy support program. GotTech's true magic lies in its core technology. This is the additive manufacturing powder technology that enables 'Re-fit' of waste materials into any desired form, making them like new. In particular, this technology has innovatively simplified the existing 8-step powder manufacturing process into just 3 steps, establishing an efficient process that boosts performance and dramatically reduces carbon emissions. This unique technological capability fundamentally reduces waste generated during manufacturing, offers significant cost-saving benefits to businesses, and makes the future of sustainable manufacturing a reality. CEO Jeon Hwa-sung expressed deep confidence in GotTech's future. He noted that the expertise and passion of the two co-founders, including a material engineering expert, form the very foundation of this confidence. GotTech plans to expand its business by successfully implementing Minimum Viable Products (MVPs), primarily focusing on the manufacturing industry in the Gyeongnam region. Their innovative resource circulation technology and efficient business model are highly anticipated to become pioneers in changing the paradigm of the manufacturing industry and a significant step towards a sustainable future.