SK Holdings C&C announced on January 23 that the company signed a technological cooperation agreement to develop security solutions based on video analytics (VA) with the National Forensic Service at the company’s headquarters (SK-u Tower) in Bundang of Seongnam City near Seoul with the participation of about ten people including Lee Ho-soo in charge of DT at SK Holdings C&C and Choi Young-shik, director of the National Forensic Service on June 23.
VA is a technology for extracting and analyzing information necessary for security detection such as CCTV videos, intrusion detection, vehicle and face recognition, object recognition (automatic detection of thefts and abandonment) and video quality improvement.
SK Holdings C&C will accelerate the development of the global convergence security market with differentiated services in image processing by applying VA to “Watz Eye,” its convergence security solution.
SK Holdings C&C has been carrying out projects amounting to 80 billion won such as urban control, traffic control, facility control and air traffic control while launching customized security management services that integrates various security devices such as CCTVs and various detection sensors based on IoT-based convergence security solution 'Watz Eye' since 2012
"This partnership will be a good case to jointly develop overseas new markets by applying technology developed by public institutions to solutions of the private sector and making global first-class products,” said Lee Ho-su in charge of DT at SK Holdings C&C. "We will give our customers digital transformation experiences by introducing new convergence and hybrid technologies and services such as AI, solidifying our position as a leading provider and in Central Asia and the Middle East."