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2019 Korea ImpaCT-ech Awards (p.k.a. Korea Multimedia Technology Awards)

The Korea Economic Daily and Korea Association for ICT Promotion has been hosting the ‘Korea ImpaCT-ech Grand Prize’
since 1994 to find excellent multimedia technologies of Korea and use them to contribute to the promotion of the high-tech industry and economic development.
This event is celebrating its 26th anniversary this year and it is Korea’s most authoritative awards program related to multimedia technologies.

Event overview

Event Name 2019 Korea ImpaCT-ech Grand Prize
Application Period Feb 11 (Sun) – Mar 8 (Fri), 2019)
Awards Ceremony Apr 24 (Wed), 2019, COEX
Host Ministry of Science and ICT
Supervisor The Korea Economic Daily, Korea Association for ICT Promotion
Eligibility Technology or product developed by a Korean corporation within Korea, which is a multimedia-
based new technology or new product released within two years from the date of application
All industrial sectors that use multimedia including information communication, life and
household appliances, bio and chemical, distribution, etc.
In addition to general companies, start-ups, public corporations, institutes, organizations and
individuals can all apply
※ Mobile-based technology awards are scheduled in a different event later in the year
(18th Korea Mobile Awards)
Definition of multimedia - Multimedia comprised of digital information including texts, voice, video, graphics, etc. and
comprised of contents, which are information service contents for use in hardware (H/W) for
processing, storing and transmitting contents, software (S/W) for digitalizing multimedia
technology information, and system and services
Main technologies: Application of ICT technologies such as signal processing technologies,
exchange technologies, etc.
Application fields: In addition to existing ICT industries, technologies and products in fields
including the fourth industrial revolution sector such as Internet of Things (IoT), artificial
intelligence (AI), augmented reality (AR),distribution (drones, etc.), contents (game, coding,
advertising/PR, etc.), machine-to-machine communication (M2M), etc.

Awards

Section Presidential Award Prime Minister’s Award Ministry of Science and ICT (MSIP) Minister’s Award The Korean Economic Daily President’s Award Korea Association for ICT promotion (KAIT) President’s Award
Reward 5,000,000 KRW 3,000,000 KRW 1,000,000 KRW each 1,000,000 KRW 1,000,000 KRW
No. of Awards 1 1 5 1 1

Winner Benefits

- Article carried on The Korea Economic Daily newspaper (award news)
- Booth provided at Korea’s largest ICT exhibit “World IT Show 2019’, Apr 24 (Wed) – 27 (Sat), 2019
- Provide investment attraction opportunities for small and medium enterprises and start-ups by introducing its technologies
and products in the final review (accelerator, venture capital)

Judging Criteria

section Evaluation Items Detailed Criteria
Technological
Achievements
Core technology difficulty Level of applying highly complex new technologies
Uniqueness Unique technological achievements of entries
(compared to similar technologies and products)
Technological independence Progressive technological achievements of entries
(compared to similar technologies and products)
Development potential Anticipated technological application and ripple effects
Economical achievements Contribution to revenue Domestic revenue, export performance, import substitution effect
Competitiveness Distinctive performance and superior value compared to competitors, appeal from the perspective of clients (companies)
Level of localization Rate of localization of parts and materials for products that apply core technologies
Growth potential Expected short to mid-term growth of industry

Schedule

Section Contents Date Remarks
Application Companies, institutes, organizations, individuals Feb 11 – Mar 8 On and offline applications
Preliminary reviews Check eligibility Mid-March
Document reviews Review and assess contents of application
Select entries for final review
Mid-March Expert review committee
Final judgment Presentation and technology/product demonstration
Q&A
Selection of winning entry
Late March Expert review committee
Announcement of winners Published on The Korea Economic Daily April Winners notified separately
Awards Plaque and reward Apr 24 Linked with World IT Show