Privacy Policy

People & Technology (hereinafter ‘the company’) regards a customer’s personal information as important and complies with the Act on Promotion of Information and Communications Network Utilization and ... Utilization and Information Protection, Etc. If the personal information handling policy is revised, the company will give a notice through Notice in the website (or separate notice).

ο This policy is enforced from 2023

Items of personal information collected
The company shall collect the following personal information for membership registration, counseling, and service application.
  • ο Items to collect: title, e-mail address, access log
  • ο Personal information collection method: online inquiry
Personal information collection and use purpose
The company utilizes the collected personal information for the following purpose
  • ο The performance of the service offering contract, and the fee settlement and payment based on service offering
Personal information retention and use period
As a principle, after personal information collection and use purpose are accomplished, the information is immediately destroyed. The information described below is kept for the given period and reason indicated below.

A. The reason for information retention according to company policy

- Illegal use record
Retention reason: prevention of illegal use
Retention period: one year

B. The reason for information retention according to related laws

If information needs to be kept according to related laws, including Commercial Code and the Act on the Consumer Protection in Electronic Commerce, etc., customer information shall be kept for the given period defined in the related laws. In this case, the company shall utilize the customer information only for the purpose of retention, and the retention period is as follows.

- Record about contract, contract withdrawal, etc
Retention reason: the Act on the Consumer Protection in Electronic Commerce, etc
Retention period: five years
- Record about payment, goods supply, etc
Retention reason: the Act on the Consumer Protection in Electronic Commerce, etc
Retention period: five years
- Record about electronic financial transactions
Retention reason: Electronic Financial Transactions Act
Retention period: five years
- Record about consumers’ complaints or dispute settlement
Retention reason: the Act on the Consumer Protection in Electronic Commerce, etc
Retention period: three years
The procedure and method of personal information destruction
As a principle, after personal information collection and use purpose are accomplished, the information is immediately destroyed. The destruction procedure and method are described as follows.
  • ο Destruction procedure

    The customer information typed for inquiries of maintenance, etc. are moved to a separate DB (a separate file in case of paper) after the purpose is accomplished, and then is kept for a certain period according to the information protection reasons defined in the company policy and related laws (See Retention and Use Period) before being destroyed. The personal information moved to a separate DB is not used for other purposes than the retention purpose unless there are related laws.

  • ο Destruction method

    - The personal information saved in an electronic file type is deleted in the technical method to prevent it from being used ever.

    - The personal information printed out in paper is shredded or incinerated.

Personal information offering
As a principle, the company shall not provide users’ personal information outside. However, the cases described below are exceptional.
Installation and operation of automatic collector of personal information, and refusal of automatic collection
The company runs ‘cookie’, etc. to find and save your information frequently. A cookie is a small text file that the server used for operating the website of the company sends to your browser. It is saved in your computer hard disk. The company utilizes a cookie for the following purposes.

Person in charge of personal information management
  • ο Name : Administrator
  • ο E-mail : company@basgenbio.com

For other reports or questions about privacy infringement, contact any of the following organizations.

  • 1.Personal Information Dispute Mediation Committee (www.1336.or.kr/1336)
  • 2.Information Protection Mark Certification Committee (www.eprivacy.or.kr/02-580-0533~4)
  • 3.Iternet Crime Investigation Center of Supreme Prosecutors' Office(http://icic.sppo.go.kr/02-3480-3600)
  • 4.Cyber Terror Response Center of National Police Agency (www.ctrc.go.kr/02-392-0330)

People & Technology

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  • Resources

People and Technology Raises ₩6 Billion in Strategic Investments from Five Leading Domestic Firms

  • AuthorElodie
  • DateDec 31, 2024
  • Views533

 

Seoul – October 26, 2022 –

People and Technology Co., Ltd., a leader in enterprise AI and IoT solutions, has successfully secured a strategic investment of ₩6 billion from Kiwoom Investment, Danal Investment Partners, Dongmun Partners, SL Investment, and KB Investment, the company announced today.

Pioneering AIoT and Smart Hospital Solutions

Since introducing South Korea’s first IoT-based indoor positioning solution (LBS, RTLS), People and Technology has driven innovation in digital transformation solutions for enterprises. The company solidified its status as an enterprise AI service leader by successfully commercializing AI-powered CCTV Vision technology in 2022.

Notably, the company has emerged as a leader in smart hospital digitalization. Since 2019, its IoMT-based IndoorPlus+ SmartCare platform has been implemented in over 30 hospitals, achieving the top market share in South Korea.

IndoorPlus+ SmartCare integrates IoMT devices such as wearable medical devices and vital-sign monitoring systems to collect, store, and analyze hospital data. By applying AI to this platform, People and Technology has addressed operational inefficiencies and provided actionable insights to hospitals, enhancing patient care and operational productivity.

Transitioning to a Subscription-Based Business Model

With this new funding, the company aims to pivot to a Software-as-a-Service (SaaS) model, starting with its healthcare solutions. This shift aligns with the growing demand among mid-sized general and long-term care hospitals for ICT-driven innovation that minimizes IT management overhead.

South Korea’s healthcare infrastructure plans, including the replacement of approximately 80,000 Wi-Fi access points across 81 hospitals by 2026, present a significant growth opportunity for People and Technology’s SaaS offerings.

Expanding AI Capabilities and Global Reach

People and Technology established its AI Lab in 2020 to merge AI with IoT platforms, creating transformative value for customers. The AI Lab, staffed exclusively by advanced-degree holders with expertise in mathematics, has focused on developing lightweight AI models.

In June 2022, the company launched a groundbreaking AI-embedded CCTV system with global partners, eliminating the need for costly AI servers or external processing boxes. This system, which processes video data directly on AI SoC chips, has revolutionized video analysis and is set to expand into parking, traffic management, and privacy masking applications.

The company plans to penetrate global markets, including public procurement opportunities, with an end-to-end AI CCTV solution combining robust hardware, lightweight AI models, and versatile platform services.

Future Directions

The investment will be used to expand People and Technology’s intelligent AI software lineup, including:

  • ANPR (Automatic Number Plate Recognition)
  • MMCR (Traffic AI Software)
  • DPM (Dynamic Privacy Masking)
  • Healthcare Data AI Solutions

The company’s overarching goal is to address unmet needs in enterprise AI services, enabling digital transformation across industries.

CEO’s Statement

Co-CEO Hong Sung-pyo, who spearheaded the funding round, remarked:
"Amid global economic challenges and reduced investment activity, we are deeply grateful to our investors for recognizing our performance and growth potential. We will continue to expand our leadership as a pioneering enterprise AI service platform provider, driving digital transformation across industries."

This successful funding round marks a pivotal moment for People and Technology as it accelerates its growth trajectory in the enterprise AI and IoT sectors.