Universalconnect

universalconnect was established in October 2019. It is an overseas open market platform targeting the 600 million Southeast Asian market. Starting with the first target apparel product, we aim to grow into a Southeast Asian e-commerce platform that provides contents that can diversify and experience indirect experiences in categories such as beauty, living, and Pet. KLONECT, an open market platform service for overseas markets that supports global distribution of domestic wholesale/retail K-Products operators -(Global distribution support) Private wholesalers/retailers support door-to-door delivery service to customers through KLONECT's local distribution center without much difficulty-(Inventory cost minimization) Seasonal products can be sold year-round, minimizing risk for inventory products that are difficult to distribute in Korea -(Overseas market operation support) Operation support for overseas market sales, such as marketing advertisement, overseas product development, identification of consumer needs, reduction of shipping costs through bundle delivery, etc-(Providing customized information for local consumers) To minimize intermediate distribution and provide a wide range of prices and products to local consumers. Broadening the breadth of non-face-to-face experiences by providing trend and product information, reviews, and SNS linkage -(Partners Activities) KLONECT Partners takes photos instead of wholesale products, and distributes profits to partners for part of the sales generated through product registration and SNS promotion marketing activities.2. Please describe how your technology or product will distinguish itself from current and anticipated competitors.