Twigfarm , an artificial intelligence language processing technology company, announced on the 16th that it was selected for the 'Innovation Premier 1000' jointly promoted by 13 ministries including the Financial Services Commission.
'Innovation Premier 1000' is a program where policy finance institutions and industrial ministries collaborate to intensively support promising small and medium-sized enterprises, and a total of 509 companies were selected this time. The selected companies will receive customized financial and non-financial benefits until 2026. Specific support items include policy finance support, investment attraction and consulting, overseas market development, and R&D and commercialization support projects by government ministries.
TwigFarm was finally selected for this year's 'Innovation Premier 1000' in recognition of its outstanding technology and growth potential in the 'AI' field. Accordingly, it is expected to receive policy support from various support projects of the Ministry of Science and ICT.
Twigfarm is developing a content re-creation solution called 'LETR WORKS' using artificial intelligence technology based on natural language processing (NLP) and providing services to domestic and international creators and content companies. 'LETR WORKS' is a SaaS (Software as a Service) that supports the entire localization process of digital content such as videos and webtoons in one place, and provides various functions such as translation, subtitle/dubbing creation, post-editing, and project management. Recently, it has strengthened performance and user convenience by linking GPT and Gemini API, and is actively promoting entry into overseas markets such as Singapore, Japan, and the United States.
Baek Seon-ho, CEO of Twigfarm, said, “This selection is the result of official recognition of the artificial intelligence technology we have accumulated over the past 10 years since our founding,” and added, “Based on the government’s systematic support, we will further accelerate Letterworks’ advancement and our efforts to conquer the global SaaS market and content localization market.”
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