Koica promotes new technology as form of aid

Home > Business > Industry

print dictionary print

Koica promotes new technology as form of aid


From left, GS Global CEO Hur Sae-hong, Second Vice Minister of Foreign Affairs Cho Hyun, President of the Korea International Cooperation Agency Lee Mi-kyung and Minister of SMEs and Startups Hong Jong-haak celebrate the foreign aid agency’s Innovation Day at GS Tower in Yeoksam-dong, southern Seoul on Monday. [KOICA]

Park Je-hwan, the 30-year-old CEO of Korean start-up Lumir, makes lamps that run on cooking oil, a cheaper and more energy-efficient lighting solution for people in developing nations.

Park’s business started after a trip to India in 2014 on which he discovered that more than 1.3 billion people in the world live in unnecessary darkness - they’re not connected to the grid or electricity supply is so unstable there are constant blackouts.

To offer affordable lamps that got around grid problems, he had to find a prevalent and cheap fuel, which turned out to be cooking oil.

In many developing nations like Indonesia, people eat a lot of fried foods and cooking oil is widely available and inexpensive.

The lamp that runs on cooking oil is dubbed the Lumir K. It is about 80 percent more fuel efficient than lamps powered by lamp oil and is much cheaper to use. Only a half liter of cooking oil is need to keep the lamp burning for about 100 hours.

About 2,150 people have benefited from Park’s invention and he hopes to reach about 100,000 people by 2019.

Another Korean start-up, Vuno, has come up with a quick and easy way to diagnose sexually transmitted diseases using artificial intelligence-based diagnosis software.

According to Vuno CEO Lee Yae-ha, about 400 million people are infected with sexually transmitted diseases such as trichomoniasis, chlamydia, gonorrhea and syphilis every year.

While these diseases can be cured with proper treatment, Lee realized that many people are not diagnosed due to primitive medical conditions. As many as 70 percent of people infected with trichomoniasis don’t show any symptoms in early stages of the disease.

Vuno’s software can detect a disease in only 0.3 seconds, which can take an hour or two by doctors using microscopes. The product was tested last year in Mongolia and Vuno is preparing to enter other markets.

Start-ups that tackle social problems in developing countries were celebrated Monday at “Innovation Day” held at GS Tower in southern Seoul by the Korea International Cooperation Agency, the government’s foreign aid agency.

“We used to buy innovative products and donate these products to developed nations but the help from our aid didn’t last long,” said Lee Mi-kyung, president of the foreign aid agency at the first “Innovation Day.” “Our new strategy hopes to overcome past limitations to make aid sustainable by nurturing start-ups with technologies that can improve the lives of people in developing nations in a market-friendly way.”

In 2015, the agency started a so-called Creative Technology Solution Program, which provides seed money, mentoring and networking opportunities to socially-minded entrepreneurs. Lumir and Vuno have been supported by the CTS program.

The CTS program has been cooperating with the Bill & Melinda Gates Foundation, which fights disease and poverty, the United States Agency for International Development as well as local start-up incubator D.Camp.

BY KIM JEE-HEE [kim.jeehee@joongang.co.kr]
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)