Wednesday, October 23, 2019
42Maru Signs MOU with Singapore Consulting Company Intage
For Entry into Southeast Asian and Singaporean Markets
42Maru Signs MOU with Singapore Consulting Company Intage
  • By Kim Eun-jin
  • October 8, 2019, 12:41
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Kim Dong-hwan (right), CEO of 42Maru, and Noriaki Ishizuka, president and representative director of Intage Holdings, pose for a photo after signing a business agreement at the Intage office in Singapore on Oct 4.

42Maru, a Korean startup specializing in question-answering artificial intelligence, announced on Oct. 8 that it has signed a memorandum of understanding with Singaporean consulting firm Intage to expand its artificial intelligence business in Southeast Asia.

An MOU signing ceremony was held at the Intage Singapore office on Oct. 4 with the attendance of Noriaki Ishizuka, president and representative director of Intage Holdings; Kiyomi Miyauchi, Intage Holdings chief of overseas business headquarters; Junichiro Hasegawa, Intage Singapore managing director; and 42Maru CEO Kim Dong-hwan. With this agreement, Intage will help 42Maru enter the Southeast Asia and Singapore markets by providing them with data and consulting services on them.

42Maru has developed "Deep Semantic QA Platform” using a technology that semantically understands the intention of a user’s question and delivers a single correct answer from a large unstructured data set. 42Maru is currently developing an artificial intelligence service for unmanned test drive service in Singapore. It is planning to develop products to tap into markets in Singapore and Southeast Asia.

Intage is a company specializing in consumer research, marketing and consulting. 

42Maru CEO Kim said, "Singapore and Southeast Asia are key markets for our global expansion. We have secured a strong foothold by collaborating with Intage, which has a high level of understanding on these markets. 42Maru will expand its presence in Singapore and Southeast Asia with assistance from Intage, starting with an ongoing car-related project in Singapore.”

Noriaki Ishizuka, president and representative director of Intage Holdings, said "Intage's understanding and analysis of the markets will help 42Mau penetrate them more quickly. 42Maru's success will confirm the marketing and consulting capabilities of Intage once again."