ANDOPEN Receives “Excellent Potential Information Security” Designation from SK Government

What is the Excellent Potential Information Security Company (EPISC) Designation?

The Excellent Information Security Technology Designation (우수정보보호기술) is a South Korean government-backed recognition program established under Article 18 of the Act on Promotion of Information Security Industry. The initiative aims to foster technological innovation and enhance the competitiveness of Korea’s information security sector by identifying and promoting exceptional security solutions, such as ANDOPEN’s SNAPPASS.

This designation specifically targets information security startups and SMEs that have been in operation for less than seven years and have developed innovative security technologies, products, or services. The program focuses on cutting-edge areas such as Zero Trust architecture, artificial intelligence, cloud security, intelligent CCTV systems, and other advanced cybersecurity domains.

Each designation remains valid for two years from the date of announcement, during which recipients can leverage various benefits provided by the government. As of September 2024, there have been 23 designations awarded since the program’s inception in 2018, with only eight currently active designations.

The Significance and Benefits of the Designation

Receiving the Excellent Information Security Technology Designation carries substantial weight in Korea’s technology sector. For information security companies, particularly startups and emerging players like ANDOPEN, this recognition serves as a powerful endorsement from the Korean government that can significantly impact business growth and market perception.

As a recipient of this prestigious designation, ANDOPEN will receive several tangible benefits:

1. Official recognition in the form of a certificate issued directly by the Minister of Science and ICT, along with a designation mark and nameplate.
2. Preferential treatment when participating in support programs operated by the Korea Internet & Security Agency (KISA), providing designated companies with competitive advantages in accessing government resources.
3. Enhanced visibility through participation in information security technology exhibitions, company showcases, and business matching events organized by government agencies.
4. Expanded access to government procurement channels, with opportunities for sales connections to various government departments and local municipalities.
5. Marketing leverage as a government-recognized security technology provider, which can be particularly valuable when approaching public sector clients and large enterprises with stringent security requirements.

Expected Growth and Outlook for ANDOPEN

For our team at ANDOPEN, the Excellent Information Security Technology Designation represents a prestigious achievement that validates years of research and development put into SNAPPASS. The recognition opens doors to numerous opportunities within both public and private sectors, not only enhancing market credibility but also serving as a platform for opportunities that can accelerate growth and market penetration.