* At the InterBattery expo, visitors will have the opportunity to view the standard black model of the BlueShark R1 Lite at the promotional booth of SMK, a charger development company. / June 8, 2023BlueShark R1 Lite Set for July LaunchBlueShark Korea is poised to exhibit its high-performance smart electric scooter, the BlueShark R1 Lite, at the 'xEV Trend Korea' and 'InterBattery 2021'. These expos will run for four days at COEX inSamsung-dong, Seoul, starting July 9th, offering visitors an opportunity to discuss on-site purchases and test drive opportunities.According to BlueShark Korea on July 8th, the company will feature the R1 Lite, which has already garnered significant interest among the millennial generation with pre-orders exceeding 1,000 units, at bothexhibitions. Furthermore, opportunities for visitors to directly experience the product will be provided in the future through coordination with the company's branches in Teogye-ro and Sadang.At the xEV Trend Korea expo held in COEX's B Hall, the BlueShark R1 Lite Custom Edition, featuring a red exterior color and optional beige seats, as well as the Black color BlueShark R1 Lite one-seater delivery edition will be on display. At the InterBattery expo in COEX's A Hall, visitors will have the chance to see the standard black color model of the BlueShark R1 Lite at the promotional booth of the chargingdevice development company, SMK.Chairman Lee Byunghan of BlueShark Korea said, "In response to the high industry interest in the BlueShark R1 Lite, we decided to participate in these EV representative exhibitions held at COEX for busyworking customers who have not been able to see the actual vehicle." He added that they "plan to build up to 100 battery station infrastructures centered around Seoul by the end of the year to meet domesticdemand for BlueShark."The BlueShark R1, expected to launch next month, is unique as the only electric scooter in Korea that can be charged in three ways: battery station charge-replacement method, regular 220V battery charging,and direct 220V vehicle charging. The BlueShark R1 Lite exceeds the performance of existing gasoline scooters with a maximum travel distance of 160km, a maximum climb capability of 22 degrees, and a safetop speed of 80km/h. Its OS, just like Tesla, will be continuously updated in line with evolving electric scooter concepts.In recognition of its high performance and safety, BlueShark Korea has secured a substantial subsidy among competing models. The selling price is 4.51 million won, but with the addition of a 2.39 million wonsubsidy, the purchase price comes to 2.12 million won. Additionally, a scrap subsidy is added depending on the administrative district (200,000 won based on Seoul).

*​Personal E-mobility specialist company EME Korea, based in Daegu, and battery solution company SMK have signed a business agreement. / June 2, 2021"EME Korea-SMK signs business agreement, kickstarting global green mobility market"EME Korea, a personal e-mobility specialist company headquartered in Daegu, and battery solution company SMK have signed a business agreement.On the 2nd, EME Korea and SMK held a strategic business agreement ceremony at EME Korea's headquarters in Donggu, Daegu, officially launching their entry into the global mobility market.EME Korea has previously announced plans to invest 7.3 billion won to build an electric bicycle, electric scooter, and electric kick scooter production factory on a site of 17,543 ㎡ in Gyeongbuk GimcheonGeneral Industrial Complex (Phase 3). They plan to create at least 30 new jobs for the development of smart mobility incorporating batteries, motors, and artificial intelligence (AI).EME has also signed a Memorandum of Understanding (MOU) with Gyeongbuk Gyeongsan City and Gyeongsan Knowledge Industry Development for the cultivation of secondary battery industry and jobcreation.SMK, which focuses on lithium-ion battery distribution and has built various domestic and overseas infrastructures, was selected as an advanced industry base company in the Gochon district of Uiwang City,Gyeonggi Province, and plans to build an advanced system R&D center with a total floor area of 12,507㎡.The two companies plan to grow into global smart mobility companies by establishing the first domestic factory capable of producing electric bicycles, battery packs, and chargers at once.Kim Do-hyung, the CEO of SMK, stated, "We will lead the global green mobility market by pioneering domestic as well as European and Southeast Asian markets with the development of a comprehensivelocalized smart mobility."Kim Hong-sik, the CEO of EME Korea, stated, "With this business agreement, we are now able to develop batteries, which are core to smart mobility, and present various environmentally friendly mobilityproducts," and added, "Both companies will cooperate to grow into a world-class smart mobility company."

*Korean shared scooter platform XingXing is planning to upgrade the waterproof rating of its batteries to IP68. Most of the industry currently operates at a level between IP65 and IP67. The IP68 rating ensuresthat even if the battery is submerged during the monsoon season, it remains waterproof and can withstand submersion at a depth of 1 meter for more than 30 minutes. The development of this IP68 rated batteryproduct was a joint effort by PUMP, Peopleworks, and Intops, with SMK participating. / 2020.12.30"Electric scooter sharing platform XingXing in Korea is upgrading the waterproof rating of its batteries."PUMP, the operator of XingXing, announced on the 30th that it will upgrade the waterproof rating of the scooter's battery to IP68. The development has been completed, and after going through the KCcertification process, it will be applied to the product in the first half of next year.The waterproof rating used in existing XingXing is IP67, which is waterproof during rain, and most of the industry is using batteries with a waterproof rating between IP65 and IP67. Among these, the IP68 thatXingXing will support is a grade that can be waterproofed even when submerged during the rainy season. It is the highest waterproof rating in the international standard (IEC60529), which is waterproof for more than 30 minutes at a water depth of 1m. The IP68 rated waterproof battery was jointly developed by PUMP, PeopleWorks, and Intops (participated by SMK).Choi Ki-young, the head of PUMP's Hardware (HW) team, said, “If the battery is not waterproofed, it is not just a malfunction, but can lead to the aging of the internal pack/cell, which can lead to a high likelihood of a fire. It is the same principle as electric vehicles paying attention to not only battery charging and discharging, but alsowaterproofing and heat generation.” He also expressed hope that "the newly developedwaterproofbattery will be able to serve stably as it is manufactured in a structure similar to that of electric vehicles."

"Co-prosperity Development" ... Uiwang City Holds a Meeting with Companies Moving into Uiwang Gochon District Self-Sufficiency Facility AreaOn the 17th, Uiwang City announced that it held meetings with the representatives of companies planning to move into the 'Uiwang Gochon District Self-Sufficiency Facility' over the course of two days, the 14thand 16th.In this meeting, Uiwang Mayor Kim Sang-don met with the representatives of three companies: Ace-N Co., Ltd. (Self-Sufficiency 1-1), SMK, and Bessel Aerospace Co., Ltd. (Self-Sufficiency 2-1·2). Thesecompanies were finally selected as a result of the business recruitment competition for the Uiwang Gochon District Self-Sufficiency Facility Area in September. The Mayor and company representatives sharedvariousopinionson the direction of corporate development and issues of concern.Bessel Aerospace's representative, Kim Chi-bung, expressed, “As a leading-edge company at the forefront of South Korea's future aviation industry, we will become a core company of Uiwang City based on ourleading technical capabilities and will help create jobs and increase tax revenues.” SMK's representative, Kim Do-hyung, said, “In order to grow together with potential startups, we will establish an R&D hub andgrow together with the city."Additionally, Ace-N's representative, Song Hee-nam, stated, “As a company researching and manufacturing advanced environmental pollution measurement equipment, we will strive to help the eco-friendly cityof Uiwang," and requested the city's active interest and support.In response, Mayor Kim Sang-don said, "I sincerely thank the company representatives who decided to invest in the future value of Uiwang City, even amidst the global economic recession caused by COVID-19. I will not spare administrative support so that companies and the city can develop together in the future."

"The Venture Company Association Selects Excellent Companies to Lead the 'Post-COVID' Era"The Venture Company Association has been hosting the 'Excellent Venture Public Relations IR' event, which selects excellent venture companies each month, from last September until the end of the year. This month, the Association introduced four venture companies that will lead the post-COVID-19 era.On the 29th, the Association announced that it had selected ▲Paycock ▲SMK ▲Toss Lab ▲Nay & Company as this year's excellent venture companies.Paycock, a fintech company, provides a new concept of payment solution to sellers who make offline credit card payments through smartphone applications. It can handle various payment methods includingcredit cards, WeChat, Alipay, QR codes, etc. It can also connect points with affiliated companies, issue cash receipts, and check payment details.Battery solution company SMK develops and manufactures battery packs. Recently, it launched a platform called 'Bistation' which allows users to replace fully charged batteries without any standby time. TheBistation platform is planned to be used for e-scooters, e-bicycles, and other forms of mobility. With the recent increase in proxy services, the usage of scooters is expected to increase, and the utility of Bistation isalso expected to rise.Toss Lab is a company that provides JANDI, a business collaboration tool. JANDI is a cloud-based collaboration software (SaaS) that supports project management, file communication and management, andexternal service integration in a non-face-to-face manner. With the normalization of remote work due to COVID-19, the number of users has rapidly increased. JANDI is used in several countries, including Korea,Taiwan, Japan, Vietnam, and Malaysia.Mobility venture company Nay & Company is developing an AI-based integrated mobility platform 'NEIBUS' that analyzes users' movement patterns and integrates transportation. NEIBUS is a Korean-styleintegrated mobility service (MaaS) for public transport users. It supports route finding, payment, and reward functions integrated with public transportation methods such as buses, subways, shared bicycles, andelectric kickboards.Kim Jin-hyung, the full-time Vice Chairman of the Venture Company Association, said, "Small and medium venture companies are facing more difficulties than ever due to COVID-19," and added, "TheAssociation plans to actively support innovative ventures to lead the post-COVID-19 era by finding new opportunities amidst change and crisis."

"SMK Targets e-Mobility Charging Platform Market"Battery solution company SMK is aiming to conquer the e-mobility market with battery charging stations for electric scooters and electric kickboards.SMK unveiled 'Bistation,' a charging station exclusively for e-mobility such as electric scooters, at 'InterBattery 2020'.Composed of 8 battery packs, Bistation is a platform that allows immediate replacement of fully charged batteries without separate charging standby time. The battery packs applied to Bistation are equipped with their own Battery Management System (BMS) and Samsung SDI's cylindrical battery cells.The BMS prevents fire or explosion during the battery charging process. For charging, parallel chargers were adopted to correspond one charger per battery pack. The station allows the number of battery packsto be freely adjusted.SMK plans to use the Bistation platform for e-mobility, including electric scooters and electric bicycles. With the recent increase in the use of scooters for delivery services, the utilization of Bistation is expected toincrease.An SMK official said, "As the electric vehicle market grows, we will build battery charging station infrastructure to contribute to the construction of the batteryindustry ecosystem."The company plans to expand the installation of Bistation to meet demand in Southeast Asia, including Korea.SMK also introduced a charger exclusively for e-mobility. In response to the expanded distribution of electric kickboards, SMK plans to introduce e-mobility chargers to the Asan New Town of Korea Land andHousing Corporation (LH) this month. Customers can easily charge electric kickboards through SMK's e-mobility charger. After testing in Asan city, SMK plans to expand the installation of public charging stations nationwide depending on customer responses.SMK also unveiled battery packs for electric golf carts and special electric vehicles. SMK's battery packs can manage battery efficiency, lifespan, temperature, and charging state through their own BMS system.They can be used safely for a longer period thanexisting lead-acid batteries.A company official said, "SMK will develop various services to play a crucial role in the customer life platform."

* To celebrate its 25th anniversary, the Venture Business Association has appointed additional executives from representative companies by industry and growth stage, as well as major venture companies in new industries and the biotech field. / July 15, 2020 Strengthening Sector Representatives, New Industries, Biotech, and Startup FieldsThe Venture Business Association (Chairman An Gun-jun) announced on the 15th that it has newly appointed 26 executives in the first half of this year. The association, which represents approximately 70,000venture companies in Korea (including those with venture certification history), celebrated its 25th anniversary this year, and newly appointed representative companies by industry and growth stage (sales andsymbolism) and major venture companies in new industries (data, AI, O2O, fintech, etc.) and the biotech field as executives.The newly appointed vice-presidents are Kim Sun-oh of Kum Sung Bolt Industrial Co., Ltd., Yoo Jung-beom of Mesh Korea Co., Ltd., Kim Ki-hyuk of SWM Co., Ltd., Lee Jin-guk of MTOmega Co., Ltd., andJeong Dae-taek of P&I Solution Co., Ltd.The directors are Kim Min-soo of The Momma Co., Ltd., Oh Sang-hoon (founder) of LUXROBO Co., Ltd., Lee Jum-han of MydasSoft Co., Ltd., Jo Jung-ho of Bendis Co., Ltd., Kim Hyun-joon of VUNO Inc., Lee Jong-young of Seokjin Precision Co., Ltd., Jeon Hyuk-jin of STONE EYE Co., Ltd., Lee Chung-yeop of Uprize Co., Ltd., Son Sang-hyun of SBCN Co., Ltd., Kim Do-hyung of SMK Co., Ltd., Go San of ATEAMVentures Co., Ltd., Hwang Sung-gwan of MFC Co., Ltd., Lee Sang-heon of Wonkwang S&T Co., Ltd., Cho Sung-hyun of World CNS Co., Ltd., Kim Jin-tae of U2Bio Co., Ltd., Ko Do-ho of JDPHARMS Co., Ltd.,Choi Hun-min of TableManager Co., Ltd., Kim Dae-hyun of TOSslab Co., Ltd., Kwak Tae-il of FarmSkin Co., Ltd., Kwon Hae-won of Paycock Co., Ltd., and Lee Kwang-dong of Pureoviders Co., Ltd.According to the association, the current executives of the Venture Business Association, including the new executives, total 70, and they will participate in the board of directors, the highest decision-making body of the association, to work together to enhance the Korean innovation venture ecosystem and create new growth engines. With the advent of the Fourth Industrial Revolution, changes in the industrial structureand preparations for the upcoming post-Corona era, etc., will be actively communicated with the government and parliament, and productive discussions will be held to explore the direction of industry development.Chairman An Gun-jun said, "The executives of the association are opinion leaders representing the domestic venture industry, and clearly identify their identity as leaders of venture ecosystem towing, and plan to promote effective role allocation of executives with representativeness that covers a wide spectrum from startups to scale-ups and unicorns." He added, "We view the remaining two years of the Moon Jae-in administration as a golden time for regulatory reform and venture ecosystem development, and we will strengthen the board of directors to a size of 100 people representing each field in order to make asingle and strong voice."

*SMK Launches Self-Branded 'Bee' and Introduces Shared Battery Station 'Bee Station' Based on Battery Pack Development Expertise | October 23, 2019"SMK Launches Battery Replacement Platform 'Bee Station' for e-Mobility"SMK has released a docked charging station that allows for battery swapping in electric vehicles, electric scooters, and other e-mobility devices, aiming to capture the e-mobilitymarket.SMK (led by CEO Kim Dohyung) announced on the 23rd that they have launched their own brand 'Bee (Bettery Easy Energy)' and introduced a shared battery station called 'BeeStation.'Bee Station is a platform composed of a basic 8-cell battery pack, allowing for immediate battery replacement without any charging wait time. It can be easily installed andexpanded as it utilizes the standard AC220V power source.The battery pack applied in Bee Station is equipped with the company's own Battery Management System (BMS) and Samsung SDI battery cells. The BMS has been developed invarious specifications, and the packaging incorporates special structures and materials to prevent fire or explosion hazards.For charging, Bee Station adopts a parallel charger configuration where one charger corresponds to one battery pack. This enables flexible adjustment of the number of modulesinstalled in the charging station.SMK plans to utilize the Bee Station platform not only for e-mobility devices such as electric bicycles and electric scooters but also for energy-sharing businesses focused onsmall-scale energy storage systems (ESS). They particularly expect to increase the utilization rate through fast circulation, as the use of electric bikes for delivery services isincreasing.To meet domestic and international demand, SMK plans to establish branches in countries including Hungary, Vietnam, and Germany, in addition to South Korea, to createcustomized batteries and charging stations. In Thailand, they have already initiated discussions with gas station operators regarding station sites and related business agreements.An SMK representative stated, "We received positive responses from domestic and international buyers, including India, Indonesia, and Thailand when we showcased ourproducts at the 'InterBattery 2019' exhibition." They added, "We plan to proceed with the Bee Station platform business in full swing."