--To the press -
FRONTEO Korea exceeds 500 e-discovery cases in Korea
Supporting more than 10% of eDiscovery projects in South Korea over the past 6 years
Masahiro Morimoto, President and CEO
東京 都 港区 港 南 2-12-23
(Code number: 2158 TSE Mothers)
FRONTEO Korea, Inc. (Location: Seoul, South Korea, Representative: Naoki Kang, hereinafter FRONTEO Korea), a Korean subsidiary of FRONTEO Inc. (Headquarters: Minato-ku, Tokyo, President: Masahiro Morimoto, hereinafter FRONTEO) , We report that the number of cases handled in e-discovery (electronic evidence disclosure procedure) support has exceeded 500.This corresponds to more than 10% of the approximately 800 e-discovery projects conducted in South Korea over the past 6 years, and is the largest number of support as a discovery specialist company in the country.
FRONTEO Korea has created about 10 million pages of A4 document equivalents in court submissions for the past 1 years, and the amount of data hosted in the data center exceeds 2000 PB (petabytes). ..These are outstanding achievements as a Korean discovery specialist, as well as the number of cases handled.
Discovery is a system in the United Kingdom and the United States that discloses related information and materials to the other party and collects testimony records before the trial in a proceeding.The procedure for electronic data files, etc. is called "e-discovery".Discovery is an important process that requires a high degree of expertise, as if the parties to the proceedings do not perform these properly, they will be subject to legal sanctions and in some cases even lose.Furthermore, recently, the establishment of a "Korean-style discovery system" has been discussed in South Korea, and there is a great deal of social interest, such as the courts conducting full-scale research.
When FRONTEO Korea was founded in 2011, discovery was hardly recognized in South Korea.However, FRONTEO Korea has been a pioneer in the Korean discovery market, anticipating the increasing number of Korean companies that will achieve great results in the global market, the increasing number of cases in which such companies will become parties to international litigation, and the need for a discovery business.A project to set up the largest specialized team in Korea led by a U.S. lawyer stationed in South Korea who is familiar with international litigation and e-discovery, enable smooth communication with U.S. law firms, and respond 24 hours a day, 365 days a year in both the U.S. and South Korea. We have a team structure and provide services that meet the needs of our customers.In addition, FRONTEO has been providing e-discovery solutions using the proprietary AI engine "KIBIT" since 2015.FRONTEO Korea is the only e-discovery company that provides solutions using proprietary AI in Korea. Document reviews using KIBIT have been verified to be highly accurate and cost-cutting by about 4000%, 40 times faster than when humans perform the same task.
Taking advantage of these advantages, FRONTEO Korea has 122 law firms dealing with South Korean global companies and international litigation in various fields such as semiconductors, automobiles, displays, batteries and smartphones, and 63 major overseas law firms. We have collaborated with and provided the best e-discovery service.As a result, we have achieved an average annual growth of about 26%, and based on our high recognition and service competitiveness, we have established our position as a professional company with the largest number of professional human resources in the Korean discovery industry.
Comment from FRONTEO Korea Representative Kang Sang Jung
"FRONTEO Korea has dealt with more than 10% of the approximately 800 eDiscovery proceedings filed in US patent proceedings of Korean companies over the past 6 years. This result has great significance in the Korean market. I think it is big. Based on the technological capabilities and infrastructure that other companies have cultivated over the 10 years since its foundation, we will continue to make further efforts to provide valuable services to our customers as Korea's largest discovery specialist company. I will do it. "
■ About FRONTEO URL:https://www.fronteo.com/
FRONTEO uses the in-house developed AI engines "KIBIT", "Concept Encoder", and "Looca Cross" that specialize in natural language processing to extract meaningful and important information from a huge amount of text data, and is a company. It is a data analysis company that supports the business of. Since its establishment in August 2003, it has been expanding globally to Japan, the United States, South Korea, and Taiwan, focusing on legal tech businesses such as "e-discovery (electronic discovery)" and "digital forensic investigation" that support corporate international litigation. Has been deployed.Based on the AI technology cultivated in this business, we will expand the business field to the life science field, business intelligence field, and economic security from 8, and by using AI to "turn text data into knowledge", We contribute to solving various corporate issues such as drug discovery support, dementia diagnosis support, financial, personnel, and sales support. Listed on TSE Mothers on June 2014, 2007. Obtained a first-class medical device manufacturing and sales business license in January 6 (permit number: 26B2021X1), and notified the managed medical device sales business in September of the same year (notification number: 13 Minato Misei Equipment No. 1).The capital is 10350 thousand yen (as of March 9, 3).
■ About KIBIT URL:URL: https://www.fronteo.com/products/kibit/
"KIBIT" is an artificial intelligence that analyzes text without relying on keywords, using a unique machine learning algorithm that reproduces the "tacit knowledge" possessed by specialists and business experts.With high natural language processing technology, high-precision analysis can be performed in a short time with a small amount of teacher data, contributing to operational efficiency and sophistication in fields such as fraud investigation, intellectual property strategy, skill transfer, and risk prediction. doing.
* FRONTEO, KIBIT, and concept encoder are registered trademarks of FRONTEO in Japan.