Artificial intelligence (AI) and cloud software specialist Okestro announced on the 21st that it met with Jacques Plis, the Luxembourg Ambassador to Korea, at its headquarters in Yeouido, Seoul, to discuss entering the European market and collaborating on cloud infrastructure technology.
This meeting aimed to expand the application potential and scope of collaboration for AI and private cloud technology beyond healthcare, based on Okestro's accumulated global cooperation experience, including the international medical AI project 'IHDSI (International Health Data Space Initiative).'
Okestro shared with the Luxembourg side the technical application methods and execution strategies that comply with strict local data regulations and security requirements based on its unique platform supply and operation experience accumulated in domestic and international markets.
Luxembourg is a key country leading the European Union (EU) data protection and digital sovereignty policy and is also a major participant in the cloud collaboration initiative 'GAIA-X.' GAIA-X is an EU-led project aimed at strengthening Europe's digital sovereignty, promoting the creation of a trustworthy cloud ecosystem based on core principles such as data protection and security.
Okestro explained that its cloud solution has the foundation to meet GAIA-X's technical standards and structural requirements, which also aligns with the demand for cloud transition within Europe. The two sides agreed to continue to expand technical partnerships that comply with GAIA-X standards and to concretize verification and commercialization models in the financial, public, and healthcare infrastructure sectors within EU member states, using Luxembourg as a base.
Jacques Plis, the Luxembourg Ambassador to Korea, noted, 'Okestro's technological capabilities align with the EU's data protection principles and can create substantial cooperation opportunities across various industries,' adding, 'Luxembourg can serve as a strategic hub to spread this throughout Europe.'
Kim Beom-jae, the representative of Okestro, said, 'Cooperation with Luxembourg will be a critical turning point for Okestro to strategically enter the European market,' and added, 'We will further expand our global cooperation model based on private clouds that meet EU technology and security standards.'