Category Archives: PR Newswire

Eoptolink Launches Innovative 800G Linear-drive Pluggable Optics During OFC 2023

CHENGDU, China and FREMONT, Calif., March 6, 2023 /PRNewswire/ — Eoptolink Technology Inc., Ltd. (SZSE: 300502), a leading provider of optical transceiver solutions and services, announced today the launch of 800G Linear-drive Pluggable Optics (LPO).

800G LPOs are designed without DSPs or CDRs, resulting in significantly lower power consumption and dramatically reduce latency compared to conventional DSP based solutions. The reduction in latency has become a key driver for the growing demand for LPOs in applications such as switch-to-switch, switch-to-server, and GPU-to-GPU connectivity in Machine Learning and High-Performance Computing.

Eoptolink’s LPO portfolio consists of modules for both multimode and singlemode applications. For multimode fiber applications, portfolio includes 800G LPO based on VCSEL technology. For single mode fiber applications, LPO transceivers are available based on Silicon Photonics, EMLs, and Thin-film Lithium Niobate modulators. These modules will be offered in both OSFP and QSFP-DD800 form factors.

“LPOs without a DSP chip enable a new suite of optical transceiver products using only linear analog components in the data link, leading to lower power and lower link latency”, said Mr. Sean Davies, VP of US Sales at Eoptolink.

“LPOs providing high bandwidth connectivity with less power and less cost than today’s solutions are a benefit to Mega data center market in general” said Richard Huang, CEO Eoptolink. “They offer measurable cost savings in mega data center operations and enable latency sensitive application in AI and ML. Eoptolink’s innovative approach will enable its customers to improve their network performance.”

Live demonstrations of Eoptolink LPOs will be shown at OFC 2023, San Diego, CA, booth 3327 from March 7th to 9th.

For Media Enquiries: 

James Zhang
james.zhang@eoptolink.com

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Source: Eoptolink Technology Inc. Ltd.

Kinghelm & Slkor focus on development and strive for 2023

SHENZHEN, China, Feb. 28, 2023 /PRNewswire/ — Work hard and play hard. The start of 2023 is full of challenges and opportunities. There is no perfect balance between work for career and travel for family. However, there is always a way to balance career and family, ensure the temperature of home, and promote everyone to work together for career.

Recently, Kinghelm & Slkor held many activities, for example, team building, business training, staff sharing.

[Team Building] To make employees happier, the Kinghelm & Slkor ‘s administrative office organized the Kinghelm & Slkor Chinese New Year Snack Festival to give everyone a unique opportunity to taste the local traditional food and specialties all over China. In the morning of the tenth day of Lunar New Year 2023, a lively food-tasting event was held in the meeting room of Kinghelm & Slkor ‘s headquarters (2010, 20/F, Block A, Bestar Building, Vanke Community, Bantian Street, Longgang District, Shenzhen), where all employees spent a pleasant half day together.

[Business Training] A new journey begins in the new year. On February 3, 2023, Slkor held its first sales training session. Under the organization of the General Manager, Mr. Song Shiqiang, the company invited Mr. Franky (Hu Shenghua), the Gold Medal Lecturer at the Huaqiang Lecture Hall in Huaqiangbei, to conduct a professional sales training for the sales department colleagues in Slkor’s conference room. As the new journey, this training session boosted the confidence of the sales staff, enhanced their skills, and gained traction with Slkor’s efforts in 2023.

[Staff Sharing] Ms.Luo, one staff who has working here for 3years said, I was a novice when I first entered the semiconductor industry. But today I have gradually become familiar with the industry and have slowly begun to achieve the performance goals I set for myself. At the same time,A few years after joining Slkor (www.slkormicro.com), I worked very hard to buy my first car ever. I have to thank the Slkor ‘s platform which has changed my life thoroughly, making me grow to show my true worth! With the technology backed by Beijing Tsinghua University and Seoul Yonsei University, Shenzhen SlkorMicro Semicon Co., Ltd. is dedicated to the third generation of semiconductor SiC power devices. My colleagues’ incomes are very stable and keep increasing. Many of them bought  new car last year.

For details, click the official website https://www.kinghelm.net/news.html.

Media Contact:

Adele Sun
+86-19512300359
sunmiao@ailion.group

Promoting Chinese culture to the world

BEIJING, March 5, 2023 /PRNewswire/ — A news report from chinadaily.com.cn:

Ma Xiaolin, member of the 14th CPPCC National Committee and director of Henan Museum, is dedicated to the protection and revitalization of cultural relics. Over the years, he has been submitting proposals on heritage preservation and utilization, as well as developing innovative approaches to introduce traditional culture to people’s everyday lives.

For this year’s two sessions, he proposes to promote Chinese cultural heritage to the world with the support of the overseas Chinese community.

Watch the video to find out more.
https://www.youtube.com/watch?v=tllJIrlVNZo

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Nintex Names Amit Mathradas Chief Executive Officer


MELBOURNE, Australia, March 4, 2023 /PRNewswire/ — Nintex, the global standard for process intelligence and automation, today announced the appointment of Amit Mathradas as Chief Executive Officer. Mathradas most recently served as President and Chief Operating Officer of Avalara. He succeeds Eric Johnson, following a successful five-year tenure in the role.

Amit Mathradas
Amit Mathradas

“Nintex has built a reputation as a company with deep process expertise, to help customers eliminate manual processes, manage process risk and compliance, and improve communications,” said Mathradas. “A passion for technology and commitment to continuous improvement were the cornerstones upon which Nintex was born and remain a part of our identity today. And that’s why it’s a privilege to join the company at such an exciting time in its history.”

Mathradas is a seasoned operating executive with significant experience leading teams, transformations, go-to-market strategies, and new business development for technology companies. At Avalara, Mathradas was responsible for most of its day-to-day operations and helped lead the business through a period of significant growth. Prior to Avalara, Mathradas was the General Manager and Head of SMB for North America at PayPal. He also served in senior leadership roles at Web.com and Dell.

“Amit’s joining is another strong sign of momentum at Nintex, following the company’s acquisition of process discovery leader Kryon last year,” said Nehal Raj, Co-Managing Partner at TPG Capital. “Amit’s leadership, operational expertise, and vision make him the right person to continue Nintex’s transformation from a leading automation tool into a strategic, enterprise platform for broad-based automation.”

“We also want to recognise Eric for his incredible contributions to Nintex over his decade with the company,” said Stephen Elop, Chairman of Nintex. “Eric has been essential to the company’s growth and success, and we thank him for his leadership.” Johnson will continue to work closely as a senior advisor to TPG.

To learn how more organisations across every industry are going digital faster and transforming the way people work with the Nintex Process Platform, visit https://www.nintex.com/why-nintex/case-studies.

Media Contact
Ben Tamblyn
ben.tamblyn@nintex.com 

About Nintex
Nintex is the global standard for process intelligence and automation. Today more than 10,000 public and private sector organisations across 90 countries turn to the Nintex Process Platform to accelerate progress on their digital transformation journeys by quickly and easily managing, automating, and optimising business processes. Learn more by visiting www.nintex.com and experience how Nintex and its global partner network are shaping the future of Intelligent Process Automation (IPA).

Product or service names mentioned herein may be the trademarks of their respective owners.

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OAK & IRON Unveils WAVE Series: World’s First Smart Cordless Outdoor Inflator

NEW YORK, March 3, 2023 /PRNewswire/ — OAK & IRON, a world leader in the outdoor recreation market, today announced the launch of the WAVE Pro, the industry’s first cordless high-pressure pump designed for outdoor use. More information can be found on the Kickstarter landing page.

The WAVE Pro boasts dual motors, providing users with a powerful and efficient inflatable solution. With the ability to inflate a paddle board from 0 to 15 PSI in just 6.5 minutes, the WAVE Pro is perfect for outdoor enthusiasts who demand fast and effortless inflation.

  • High-Pressure Pump with Fast Inflation Speed

The WAVE Pro is equipped with dual motors that bring more power to the product, allowing it to fully inflate a paddle board (245 * 76 * 12.5 CM) from 0 to 15 PSI in 6.5 minutes.

  • 6.5-Inch Ultra-Large Screen with Real-Time Information

The 6.5-inch ultra-large screen provides real-time information, including inflation pressure and battery life, ensuring a super-friendly user experience.

  • Highly Versatile Use for Outdoor and Home Backyard

With a 27.6 Inch/70 cm extra-long air hose and six air nozzles, the WAVE Pro is perfect for inflating and deflating a wide range of outdoor and water sports gear, including paddle boards, inflatable boats/kayaks/pools, air beds, and more.

  • Cordless, Powerful, and Easy to Use

The WAVE Pro is cordless, making it easy to use and transport. Its 6,000 mAh power battery allows you to fill up to three paddle boards & kitesurfing kites at once. 0-20 PSI that covers most high-pressure inflation needs.

  • Dual-Use with Quick Deflation Mode

In addition to inflation mode, the WAVE Pro also features a quick deflation mode with auto-off functions, providing a complete solution for inflating and deflating gear.

  • Two-Motor Design with Two-Stage Powerful Inflatable Airflow

The WAVE Pro features a two-motor design with two-stage powerful inflatable airflow, including TURBO mode (350 L/Min) and pressure-up mode (70 L/Min), making it the most powerful pump on the market.

  • Intelligent Inflation and Accurate Real-Time Pressure Monitoring

The WAVE Pro features intelligent inflation and accurate real-time pressure monitoring up to 0.1 PSI, ensuring that your gear is inflated to the correct pressure.

The OAK & IRON WAVE Pro is now available for order. Order now and experience the convenience of high-pressure and fast inflation for your outdoor and water sports gear.

About OAK & IRON

We’re a team of problem solvers with diverse backgrounds. Our core team consists of engineers and designers who have previously built Microsoft’s ODM products. Other teammates and board members include an ex-Goldman Sachs junior trader and a medical doctor from a pre-IPO NYSE company. We all share a passion for outdoor and water sports, and our goal is to build a company that offers excellent products to make those experiences carefree.

Media Contacts:

Tracey, Head of Marketing: marketing@oakiron.tech  

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Music Licensing, Inc.’s Subsidiary Pro Music Rights Renews Agreement with ByteDance and TikTok, Offering Innovative Music and AI Solutions

NAPLES, Fla., March 3, 2023 /PRNewswire/ — Music Licensing, Inc. (OTC:SONG) is thrilled to announce that its wholly-owned subsidiary Pro Music Rights, Inc. has renewed its licensing agreement with ByteDance and its subsidiary TikTok for another year. This milestone marks a significant achievement for Pro Music Rights and its continued efforts to provide high-quality music and innovative AI-generated music to users worldwide.

As part of the licensing agreement announced last year, Pro Music Rights has been providing TikTok with access to its vast music catalog, which includes some of the most popular songs and artists of all time, as well as AI-generated music from Pro Music Rights’ Music AI program. This partnership has enabled TikTok to offer its users a unique and engaging experience by incorporating a diverse range of music into their videos and content.

The renewal of this agreement is a testament to the success of Pro Music Rights and its commitment to delivering top-notch music and innovative AI-generated music to its partners. It further solidifies Pro Music Rights’ position as a leading provider of music licensing services in the industry. With this agreement, Pro Music Rights and TikTok will continue to work together to provide innovative and engaging experiences for users across the globe.

“We are thrilled to renew our agreement with ByteDance and TikTok for another year, and to continue to provide them with access to our vast music catalog and our innovative Music AI program,” said Jake P. Noch, CEO of Music Licensing, Inc. “Our team at Pro Music Rights is dedicated to delivering high-quality music and exceptional services to our partners, and we are proud to be working with such a forward-thinking company like ByteDance and TikTok.”

The renewal of this agreement highlights Music Licensing, Inc.’s commitment to providing innovative and cutting-edge music solutions to its partners. With Pro Music Rights’ vast music catalog, exceptional licensing services, and its innovative Music AI program, the company is well-positioned to continue to be a leader in the music industry.

About Pro Music Rights, Inc. (ProMusicRights.com)

Pro Music Rights is the 5th public performance rights organization (PRO) to be formed in the United States. Its licensees include notable companies such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and many others. Pro Music Rights holds an estimated market share of 7.4% in the United States, representing over 2,500,000 works that feature notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBaggYo, Larry June, Trae Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Fall Out Boy, and countless others, as well as Artificial Intelligence (A.I.) Created Music.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

Source: Music Licensing, Inc.

Dialogue with Foreign Experts on Two Sessions

BEIJING, March 3, 2023 /PRNewswire/ — As China’s important annual political gatherings, the National People’s Congress (NPC) and Chinese People’s Political Consultative Conference (CPPCC), known as the “Two Sessions,” will convene on March 5 and March 4 respectively. The Two Sessions are of enormous importance in the country’s political calendar, during which development targets will be determined for the year and beyond. The upcoming Two Sessions offer observers, especially foreign experts, a window into the idea and practice of whole-process people’s democracy, its openness to embrace international talent, as well their own expectations on this year’s meetings. On the eve of the Two Sessions opening, Science and Technology Daily had the opportunity to interview three foreign experts who shared their thoughts on China’s Two Sessions. As part of our commitment to providing diverse perspectives, each of them brought unique and valuable insights into China’s development and its role in global growth. We hope that this series of unique viewpoints will offer our readers a deeper understanding of China and the issues that matter to those who live and work in the country.

Gaining Useful Knowledge from China’s Development

Having been committed to strengthening exchanges and cooperation between China and Azerbaijan through language and culture teaching in both countries for many years, Dr. Agshin Aliyev, an Azerbaijani sinologist, has gained an insightful perspective on China’s rapid development at all levels.

He hails China as a country that assumes greater responsibility for enhancing regional connectivity and embracing a brighter future, especially with the launch of Belt and Road Initiative (BRI) in 2013.

Azerbaijan is one of the first countries to join the BRI and is now an indispensable link in the Initiative.

China and Azerbaijan have a very long history of cultural exchanges dating back to the establishment of the Silk Road. Now the cooperation between the two countries has been deepened since the BRI,” said Aliyev, adding that not only economic and trade cooperation, but also educational and cultural exchanges between the two countries are improved in leaps and bounds, and tangible benefits have been brought to their people.

Commenting on the upcoming Two Sessions, Aliyev emphasized their importance not only for the Chinese people, but also for the world. “The great rejuvenation of the Chinese nation is the expectation of ordinary people. The Chinese government is made up of experienced politicians and administrators who understand the feelings of the people and work for the benefit of the people,” he said.

As China remains committed to its reform and opening-up policy, more fruitful results will be achieved in the future. The whole world will gain useful knowledge as China continues to share its experience in lifting millions of people out of poverty and mitigating climate change, said Aliyev.

Aliyev is a founder and head of the Department of Azerbaijani Language at Beijing Foreign Studies University (BFSU) and a visiting scholar at the Chinese Culture Research Center of the Chinese Academy of Social Sciences. He is also the founder and director of the China Research Center at Khazar University.

Global Significance of Two Sessions

Professor Goh Hui Hwang has followed China’s Two Sessions for a number of years. As a Malaysian scientist living and working in China, Goh is fully aware of the significance of these meetings and their impact on China’s and the world’s future.

Goh explained that the Two Sessions, which are held in March each year, address significant concerns in various aspects of China, and the outcomes receive extensive attention both domestically and internationally. He believes that the purpose of the Two Sessions is to convey the suggestions and opinions of the Chinese people to the government, so that the party and government can truly comprehend the desires and ideas of the people and protect their tangible interests.

As an educator currently working at Guangxi University (GXU), Goh is particularly concerned about China’s significant steps in sci-tech innovation and talent cultivation. He hopes that the Two Sessions will address the way to expand funding for scientific research, which he sees as a key issue for foreign experts in China. He lauded the fact that China has intensified its efforts to promote international sci-tech collaborations and exchanges, and also established a variety of programs to support the brightest minds in an effort to become a global magnet for talent and innovation.

“Science has no borders,” said Goh, adding that the Chinese government’s efforts in fostering a healthy atmosphere for sci-tech innovation have attracted many scholars to China, including himself, to serve the sci-tech community. As a foreign expert, his perspectives showcased the importance of international exchanges and cooperation in addressing common issues and challenges.

Goh said the Two Sessions not only provide a platform for the government to listen to its people’s desires and ideas, but also play a vital role in shaping the country’s policies and decisions. He applauds the positive measures in China’s opening-up to the world, especially in talent exchanges. “This is a significant issue closely related to foreign experts,” he said.

China’s Democracy: Institutional Guarantee of People’s Power

Italian scholar Rocco Lacorte described his impression of China as “Democratic, promising and socialist.” He currently serves as an associate professor at Nankai University (NKU).

Based on his observation, Lacorte considered China’s whole-process people’s democracy covers all sectors of society through electoral democracy, consultative democracy, and community-level democracy. He said that this whole-process people’s democracy embodies the Communist Party of China’s innovation in advancing China’s democratic theories, systems and practices and guarantees the “principal position of the people.”

According to Lacorte, the NPC is different from the legislative systems in many Western countries. It is designed to provide “an institutional guarantee” for the people to wield power that they have gained after the revolution and developed through the years, creating a stable and vital balance system of political decision-making. As the Two Sessions approach, Lacorte expects that the focus will be on addressing key issues related to social and economic development, as well as environmental problems. He said that China is already ahead of the West in terms of green policies.

On China’s policies in promoting international cooperation, Lacorte applauded China’s contribution to common development via global initiatives such as Belt and Road Initiative. “It is essential to recognize that true development and security cannot be achieved by a single country alone, but require joint efforts of many countries,” he said, adding that, “Development and security are only true if they are true for all.”

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SurplusGLOBAL Announces Executive Promotion, Recruitment, and Establishment of Equipment Technology Team

SEOUL, South Korea, March 3, 2023 /PRNewswire/ — SurplusGLOBAL, the leading global platform company for pre-owned semiconductor equipment (www.SurplusGLOBAL.com), announced on the 27th a major organizational restructuring to achieve sustainable business growth until 2030.

SurplusGLOBAL announces the promotion of Jeff Kim to Managing Director(left), and the hiring of Danny Kim as Managing Director of the Global Parts Platform, Sam Yoo as Managing Director of the Sales 3 team
SurplusGLOBAL announces the promotion of Jeff Kim to Managing Director(left), and the hiring of Danny Kim as Managing Director of the Global Parts Platform, Sam Yoo as Managing Director of the Sales 3 team

SurplusGLOBAL has announced the establishment of a new equipment technology team to enhance technology development and customer support continuously. The team will focus on expanding the technical customer solutions for used semiconductor equipment and aims to assemble a group of top-level equipment engineers to provide cutting-edge customer solutions. With this latest move, SurplusGLOBAL is reaffirming its commitment to delivering world-class services to its customers.

Jeff Kim has been promoted to Managing Director. In contrast, Danny Kim and Sam Yoo joined SurplusGLOBAL as newly recruited executives in the global parts platform and semiconductor back-end equipment sales teams.

In particular, Managing Director Jeff Kim has worked at SurplusGLOBAL for over 16 years and is an equipment sales veteran with rich experience in large-scale project bidding, including back-end semiconductor equipment and front-end equipment sales in various fields.

SurplusGLOBAL appoints Managing Director Danny Kim to lead the expansion of the global parts platform business and make it the company’s primary business by 2030, addressing global parts supply chain challenges. As the new Managing Director, Sam Yoo will spearhead the back-end equipment distribution business at SurplusGLOBAL. He brings a wealth of experience in overseas marketing and supply chain management, gained during his time as a semiconductor China sales representative.

Managing Director Jeff Kim expressed, “Having served SurplusGLOBAL for the past 16 years since my joining in 2007, I am now entrusted with the responsibility of undertaking novel challenges as an executive to realize the company’s vision. Nonetheless, I remain confident we shall accomplish it collectively with our colleagues.”

SurplusGLOBAL continues to expand its equipment technology and global sales organization while entering the semiconductor equipment cluster, pursuing deeper and more diverse solutions for the global semiconductor fab and foundry supply chain in Korea and worldwide.

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Source: SurplusGLOBAL, Inc.

US proteomics sector set for shake-up as new IonOpticks tech unveiled

IonOpticks to introduce the TS, a fully integrated column heating and interface solution for Thermo Scientific users

MELBOURNE, Australia, March 3, 2023 /PRNewswire/ — IonOpticks, a producer of high-performance chromatography solutions for the global research community, will introduce the new TS product range to the US market at US HUPO’s (US Human Proteome Organization) 19th Annual Conference in Chicago on 4-8th March, a renowned event attended by proteomics experts from around the globe.

IonOpticks’ new TS range was developed as a simple plug-and-play, fully integrated heating and source solution for Thermo Scientific mass spectrometer users, who have previously only been able to access the results achievable with IonOpticks Aurora Series columns by creating their own interface – a costly and difficult alternative.

“Researchers can now easily unlock the full potential of their mass specs through the launch of our new TS range. Thermo Orbitraps have been cited in roughly 85% of all publications related to proteomics in the last decade, so we’re excited to make our famed Aurora Series products easily accessible to this significant portion of the mass spec community,” says Xavier Perronnet, Managing Director at IonOpticks.

“We’re excited to be attending US HUPO, to meet with our peers and showcase how the TS, combined with our Aurora Series columns, can provide Thermo mass spec users the ability to supercharge the sensitivity of their existing instruments. Our columns enable researchers to delve deeper into their samples than ever before.” Mr Perronnet continues.

The combination of IonOpticks’ proprietary nanoZero® fittings and integrated emitter with the new TS range removes all pre- and post-column dead volume, maximizing the capacity of the chromatographic packed bed to separate samples. Further, the heating solution in the TS is reusable which saves users both time and money while reducing unnecessary waste.

The TS range was developed following the paradigm-shifting release of the Aurora Frontier – the first ever column to routinely generate over 10,000 protein identifications on a Thermo mass spectrometer – from a single sample and single species.

“The results that have been achieved with our Aurora Frontier have been outstanding and we’re proud to continue to develop products that enable us to ensure access to these gains is equal for all researchers,” says Dr Jarrod Sandow, Head of Product Development at IonOpticks.

“Thermo users continue to be top customers of our products, so we’ve worked hard behind the scenes to ensure these users can easily boost the performance of their existing instruments through a simple all-in-one heating and source integration system. One that requires no complex installation and is ready to use straight out of the box,” Dr Sandow adds.

IonOpticks is committed to ensuring the world’s best chromatography is available to all mass spec users. Alongside the TS, IonOpticks have also launched the SX, a fully integrated column heating and interface solution for SCIEX users.

About IonOpticks

IonOpticks produces high-performance chromatography solutions for the global research community.

We specialise in the development and manufacture of columns for analytical applications in liquid chromatography with mass spectrometry (LC-MS) and high-end proteomics. Our highly reproducible methods provide a unique ability to enhance the sensitivity of mass spectrometry sample analysis, enabling scientists and clinicians to discover more from their samples.

Our team are experts in a broad array of LC-MS platform technologies and are driven by the need to improve chromatographic performance in order to achieve data quality and deep proteome coverage on a whole new scale.

https://ionopticks.com/ / https://www.proteomicssolved.com/

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GLN International Attracts Investment to Lead the Global QR Payment/Withdrawal Market

SEOUL, South Korea, March 3, 2023 /PRNewswire/ — GLN International, a global QR payment/withdrawal platform, announced the successful completion of a strategic investment from four domestic and international institutions. The investment was made by Korea’s KB Digital Platform Fund, Taiwan’s Taishin International Bank, Japan’s Sumitomo Mitsui Trust Bank and Korea’s Kakaopay.


The investment could be made at the estimated value of 110 billion KRW(83.7 million USD) based on the  investors’ recognition that GLN’s business model and potential to be successful, despite the current economic downturn. The company plans to use the investment to further strengthen its leading position in the global QR payment/withdrawal platform market by speeding up the strategic alliance between global banks, payment networks and distributors.

GLN was spun off from Hana Bank in July 2021 and has been forming partnerships with domestic and foreign financial institutions since then. The company currently provides QR payment/withdrawal and tuition payment services in global areas such as Japan, Vietnam, Thailand, Taiwan, Hong Kong, Singapore, Laos, and Guam.

The inquiries about potential alliance and investment opportunities with multiple global financial institutions and digital platforms are continuing, which may expand the service coverage and improve the service quality.

Customers can use the GLN service  through Hana Bank’s Hana 1Q app and Hana Card’s Hana Money app, and Toss app, allowing users to easily and safely make payments and withdrawals simply by scanning a QR code.

Han Jun-seong, CEO of GLN International, said, “In order to expand the global QR financial ecosystem, the participation of domestic and foreign super app operators should be the key,” and “through the formation of this alliance, GLN plans to amplify the global QR payment/withdrawal coverage and plays a role in leading various areas of related business.