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* Date : 2018-08-23

Money Monster Episode 12
Marine 4.0, roadmap for the ocean industry

Along with the implementation of cutting-edge technologies, marine industry has become closely connected with people's lives. Core technologies for the fourth industrial revolution including autonomous ships and drones have been collaborated with the marine industry. And it has contributed to the development of industries and economy. There is now fierce competition among shipping companies to develop autonomous ships, which can create higher economic values and reduce labor cost. As autonomous ships can identify and avoid obstacles, it can be used for maritime surveys and investigations. Therefore, it can reduce cost including labor fees. Unlike autonomous ships which sail on the surface of seawater, autonomous underwater vehicles swim under the sea to explore resources. And it has been used for the maritime defense and emerging industrial areas. Despite the ongoing development of cutting-edge marine technologies, marine debris has still been considered as one of the remaining challenges. The amount of collected marine litter exceeds 70 thousand tons every year and it has become a significant threat to the marine industry. Therefore, a Korean public corporation has recently implemented drones for the monitoring of marine debris. The drones can also monitor the blind areas and contribute to improving the marine environment and economy. We look into the application of cutting-edge technologies to the maritime industry.

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Unicorn company, innovative growth of startups

Unicorn companies have emerged as the core of the future industries amid the era of the fourth industrial revolution. They have taken a leading role in the market by suggesting innovative business models. A unicorn refers to an unlisted startup company that reaches more than a one billion dollar market value. A growing number of unicorn companies have specialized in the cutting-edge technologies for the fourth industrial revolution. As part of an effort to cope with the recent trend, Korea has also spearheaded efforts to vitalize startup businesses and foster unicorn companies. An e-commerce company Coupang has been included in the list of unicorn companies by achieving more than one billion dollar valuation. It has suggested a unique paradigm for shopping by promoting differentiated strategies. The company has attracted the largest amount of investment among the domestic venture businesses, and it has been listed on the unicorn list. And the company was ranked highest among the domestic companies. Also, there is a promising startup company specialized in robots and IoT, and it has reached the market value of 100 million dollars only five years after the establishment. The domestic startups have gone through innovative changes along with the convergence in different industries. We introduce the rise of unicorn companies, which have led the economic innovation.

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Evolution of motion recognition technology

Motion recognition technologies have been popularized based on the smartphones. And the market has achieved continuous growth along with the growing demand on the user interface. Motion recognition technology, which can operate machines by recognizing people's movements, has been applied to various sectors and wearable device is one of the examples. It has garnered a lot of attention in the healthcare field by providing customized information on individuals. A lot of realistic contents have been created thanks to the application of motion recognition technologies to the emerging technologies. Motion recognition technology has been developed into the one that can make data from the movements, aside from simply identifying the moves. Moreover, motion capture technology used to be applied to films and animated cartoons in the past, but it has grabbed attention as a technology that can create diversified contents. And it has led to the development of VR gaming market. We explore the ongoing development of motion recognition technology which has been introduced to various sectors and brought about innovative changes.

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