Startups in Changwon Sign MOUs with Local Companies at CES 2024

Hyunung lee

Companies in Changwon signed an MOU for overseas investment at the 'CES 2024' held at the Las Vegas Convention Center in the United States.

On January 10th, 2024, in Las Vegas, ‘M3 Global’, a local investor, finalized an MOU with Changwon-based medical bio companies ‘Miraclaire’ ‘AI Biotics’ and ‘Oceans Bio’ at the KOTRA Integrated Korea Pavilion. The agreement aims to support attracting overseas investment.

Oceansbio, founded by CEO Hyunung LEE in 2018, is a company developing vagus nerve stimulation (VNS). It completed the development of non-invasive transcutaneous auricular vagus nerve stimulation (TaVNS), which alleviates stress and treats depression by modulating the parasympathetic nervous system, which is the major component of autonomic nervous system.

Holding 11 registered patents, It is tirelessly building its capabilities and filing 42 patents and 3 PCT international applications, which resulted in receiving SMEs & Startups Minister’s award in 2019 and being selected as TIPS Startup in 2021.

“We are pleased to participate in CES 2024 for the first time and anticipate our experience at CES 2024, along with the MOU with M3 Global, will provide us with the opportunity to showcase our ground-breaking technology and ideas worldwide. Furthermore, we hope our global networking with a wide range of corporations empowers us with new possibilities to expand our presence across the globe,” said Hyunung LEE , CEO of OceansBio.