SKT said the two start-ups -- Wisejet and Ezbelle -- have secured 900 million won ($769,500) of funding, respectively, from China Unicom, the second largest telecom firm in China.
|Jang Dong-hyun(second from left), the chief executive of SK Telecom, looks at products made by a Korean start-up at the MWC Shanghai 2016, a mobile trade show, on June 29. SKT|
SKT and the Center for Creative Economy and Innovation in Daejeon run the program.
Wisejet produces an advanced video transmission solution while Ezbelle develops a 3-D selfie platform.
Wisejet’s video transmission solution allows devices to send and receive large uncompressed data faster than the existing Wi-Fi technology without delay.
Ezbelle’s platform lets smartphone users to take 3-D pictures without extra software or 3-D scanners.
China Unicom has 252 million subscribers and operates a venture fund for fledgling ventures.
“The company will try to tap into the global markets after its business settles down in China,” Lee Jong-min, the chief of Ezbelle, said.
SKT is taking part in the Mobile World Congress, an annual mobile trade show being held in Shanghai from June 29 to July 1, with a total of 14 start-ups.
At a start-up demo day held by SKT on June 29, the Korean start-ups showcased their products and services to visitors and buyers, having meetings with potential partners.