‘Real Estate Industry Day’ to Be Held on the 11th; Seeking Service Innovation Through AI and Data

[Financial News] Real estate industry workers and experts will gather to discuss ways to develop services that build public trust and how to use artificial intelligence (AI) and data. The event will also recognize those who have contributed to housing stability and industry development, and examine the achievements and challenges of the digital transition.
The Ministry of Land, Infrastructure and Transport (MOLIT) said a ceremony marking the 11th Real Estate Industry Day will be held on the 11th at Construction Hall in Gangnam District, Seoul. The event is hosted by the Korea Federation of Real Estate Economic Organizations and organized by the Korea Association of Realtors, with support from MOLIT, the Korea Real Estate Board and the Korea Housing & Urban Guarantee Corporation (HUG).
The event, under the slogan “New Value, Real Estate Together... Opening the Future Through Change and Innovation,” will consist of a ceremony and a seminar. Some 600 people from industry, academia and research, including Shin Yun-geun, MOLIT’s director general for land policy, and representatives of nine related associations, are expected to attend and unveil the vision of “Building Public Trust Together.”
At the ceremony, 35 people who have contributed to housing stability and technological innovation in real estate services, among other areas, will receive commendations from the MOLIT minister. They include Lee Guk-hyeong, CEO of Korea Investment Real Estate Trust, which pursued a publicly supported private rental housing REIT project, and Cho Hyeon-ho, CEO of Hanwha 63 City, which introduced an ICT-based safety management system.
A promotional space featuring proptech startups will also be set up. It will showcase new services, including real estate legal and tax consultations using AI and big data.
The following seminar will feature presentations on the theme “40 Years of the Real Estate Industry, From Analog to AI: Achievements and Challenges of the Digital Transition.” Experts, including Lee Sang-young, a professor at Myongji University, will then offer policy recommendations and hold a discussion on “The Real Estate Services Industry Transformed by AI and Data.”
Shin, the director general, said, “Please prepare for the future through bold change and innovation to create a stable living environment that people can experience.”
[email protected] Choi Ga-young Reporter