RYUGIN LAB (LAB C)
Develops proprietary LIPS-based resin 3D printers and provides low-cost FFF metal printing services to democratize additive manufacturing for education and the general public.
- CEO / Founder
- Sung-jin Choi
- Team Size
- 1-10
- Stage
- Active
- Total Funding
- $500K
- Latest Round
- Grant
- Key Investors
- Korea Venture Investment Corp (KVIC), Seoul Business Agency (SBA), Ministry of SMEs and Startups
Technology & Products
Key Products
MORPHEUS; LIPS Resin 3D Printers; Lab C Printing Service; FFF Metal Printing Service
Technological Advantage
LIPS technology enabled the launch of the largest resin 3D printer under $5,000 (MORPHEUS) in 2016; the company pioneered the low-cost LCD resin boom in Korea.
Differentiation
Value Proposition
Provides the first low-cost metal 3D printing service for the Korean public and high-volume resin printing via proprietary LIPS technology, reducing entry barriers for prototyping and education.
How They Differentiate
Focuses on extreme affordability and public accessibility in the Korean market, offering metal FFF services to the general public rather than just industrial enterprises.
Market & Competition
Target Customers
General public, education users, and low-end FFF printer users seeking affordable metal/resin access.
Industry Verticals
Education; General Manufacturing; Prototyping; Art/Sculpture
Competitors
Desktop Metal; Markforged
Growth & Milestones
Growth Metrics
1M+ total printing hours; 350+ education/lectures/exhibitions; 20+ printers in Lab C service; led Korea's $377M 3D market resin sector as of 2019.
Major Milestones
Oct 2013: Operations started; 2014: First free 3D printing workshops in Korea; 2016: LIPS technology launch in MORPHEUS printer; 2019: Low-cost metal printing service beta launch
Notable Customers
Seoul National University; Hanyang University; National Science Museum of Korea; Gwangju National Science Museum