[Edaily Reporter Shin Ha-yeon ] As a bill mandating the installation of illegal filming detection systems in public restrooms passed the National Assembly, security firm Kiwoom No.8 Special Purpose Acquisition Company(446840)expressed optimism about the expansion of the related market.
GITSN announced on the 24th that the amendment to the “Act on Public Restrooms, etc.” passed the National Assembly’s plenary session on the 23rd. The amendment includes illegal filming detection systems among the safety management facilities that mayors, county governors, and district office heads are required to install, and it will take effect six months after its promulgation. Specific installation targets will be determined by local government ordinances. The company expects that, with the inclusion of 24/7 illegal filming detection systems as legally mandated safety management facilities under this amendment, a new procurement market will form, centered on local governments nationwide.
The Ministry of the Interior and Safety is currently implementing the “24-Hour Safe Restrooms” project, which will support the installation of detection systems in 7,500 public restrooms over the next three years starting this year. Based on this, GITSN estimated the size of the mandatory public sector market at approximately 290 billion won. Furthermore, the company projected that if adoption expands to the private sector—including schools, department stores, and office buildings—the potential market size could reach approximately 2.56 trillion won.
GITSN supplies “Alpha-C,” a continuously operating illegal filming detection system it developed in-house. According to the company, the product has been designated as an “Excellent Product” and an “Innovative Product” by the Public Procurement Service, allowing it to be supplied via direct contract without competitive bidding; it has currently been adopted by approximately 130 institutions and facilities, including public agencies and educational institutions.
Han Dong-jin, CEO of GITSN, stated, “The amended Public Restroom Act mandates not only the installation of illegal filming detection systems but also inspections for malfunctions and operational status, creating a favorable environment for companies equipped with 24-hour monitoring and operational reporting systems.” He added, “We expect the adoption of continuous detection systems to spread from public restrooms to schools and commercial facilities.”
As SamsungElectronics and Taiwan’s TSMC focus on producing 12-inch (300 mm; the diameter of a semiconductor wafer) wafers for artificial intelligence (AI) semiconductors, the 8-inch (200 mm) foundry m…
SILICON 2 Co.,Ltd. posted second-quarter earnings that exceeded market expectations, driven by the K-Beauty boom. SILICON 2 Co.,Ltd.(257720)The company announced on the 12th that its consolidated oper…
SamsungElectronics(005930)’s wireless earbuds, the “Galaxy Buds,” can now be used as hearing aids in the United States.SamsungElectronics announced on the 12th that the “Hearing Aid” feature of the Ga…