Analysis and instrumentation play a critical role in science and technology. Korea has relied on industrialized countries for precision instrumentation and analysis technology while achieving rapid economic development. The GDP of a country is closely related to its level of technology for instrumentation and analytics. As South Korea has achieved rapid progress in all industrial sectors, it needs to secure precision instrumentation and advanced analytics technology. However, it has not developed sufficient capability in these areas and there is as yet no Korean firm that can compete with global leading enterprises.
Because the world‘s major manufacturers of analysis devices are firmly established in respective markets with technology accumulated over half a century, it is not easy for a new company to break into the market. The only way for a new company to secure its place in this highly competitive business area is to pursue convergence technology innovation and a differentiation strategy. If the sector relied on intuition and unspecified ideas in the past, now creative concepts are born through the convergence of existing technologies. The accumulation of technology is very important, but for a new entrant like K LAB, creative convergence presents the best opportunity, and if we combine such convergence with robust IT, we can add differentiated, attractive elements to our products.
K LAB envisions becoming one of the best enterprises in Korea, and one of the world’s best. By accumulating unparalleled technology recognized globally, K LAB will grow to become a firm that lasts for over 100 years going forward. To secure such core strength and technology, we are striving to become a small but strong firm.
“With the frontier spirit of a new start-up working to develop the best-quality analytical instruments in the world, K Lab will achieve unparalleled success in unexplored areas through the combination of IT and convergence technology.”
Soohyun, Kim
K LAB CEO