Born2Global Centre’s member startup GSIL, a smart safety specialist, recently attracted 1.5 billion KRW (1.3 million USD) worth of investments from the Korea Credit Guarantee Fund.
GSIL has been an active Born2Global Centre member since 2016 and developed a smart safety system that can ensure the safety of workers in construction or industrial sites.
Through this investment, GSIL was lauded for its successful implementation and operation of smart safety systems at more than 50 public institutions and construction sites of large corporations. Technological capabilities and business growth potential through continuous research and development based on on-site demand also played a major role in getting this investment.
The smart safety system is for an integrated safety management in which Internet of Things (IoT) technology is fused and combined based on the risk matrices. By providing real-time worker safety management, risk assessment, equipment inspection, process management, and work environment factors to safety managers, efficient safety management and emergency relief can be quickly implemented. This technology has been recognized and verified by the Ministry of Land, Infrastructure and Transport and the Ministry of Public Administration and Security.
With this new investment, GSIL plans to focus on providing a more progressive smart safety management system that will lead the advancement of safety management from safety design using smart technology towards construction, data accumulation, and productivity management.
CEO Jung-Woo Lee said, “We will accelerate the development of new smart safety technologies in high-demand areas, such as construction safety, power generation companies, airports, and high-tech plants, as well as increase the future value potential in the smart safety field through system convergence and integration.”
As GSIL plans to become the first mover in the global market in the field of smart safety management, it is working to expand into the US, Kuwait, and Indonesian markets in the near future.