KT-Webcash Launches Development of 'AI Management Solution'

[Asia Economy Reporter Koo Chae-eun] On the 4th, KT signed a Memorandum of Understanding (MOU) for business cooperation on the 'AI Management Solution' project with Webcash, a B2B fintech specialized company.

The signing ceremony held at Webcash headquarters KnK Digital Tower in Yeongdeungpo-gu, Seoul, was attended by key officials from both companies, including Kim Chae-hee, Head of KT AI/Big Data Business Division (Executive Director), and Yoon Wan-soo, Vice Chairman of Webcash Group. Through this business agreement, they plan to concretize new synergy creation methods by utilizing KT's AI technology and Webcash's management platform. The two companies selected key tasks such as ▲providing AI management solutions for corporate CEOs ▲linking KT AI technology and introducing chatbots ▲expanding management solutions and support terminals to target the B2B market, and plan to showcase related prototypes in the first half of this year.

In particular, the AI management solution for CEOs is planned to provide data analyzed through artificial intelligence (AI) by simply asking questions on a smartphone such as "What is the transaction amount this month?", "Has the client issued a tax invoice?", and "Tell me the VAT filing amount for Q2." It is expected to serve as a sub-brain role, assisting corporate CEOs in decision-making.

KT, which established itself as an AI company by surpassing 2.2 million subscribers of Korea's first AI TV 'Giga Genie' in February this year, has been providing the 'Mobile SDK' solution since June last year, enabling the use of Giga Genie AI technology and services on various mobile devices. Through this agreement, KT and Webcash will promote the development of an 'AI Management' solution for corporate CEOs by utilizing the Mobile SDK.

Executive Director Kim Chae-hee said, "We are pleased to proceed with AI business cooperation with Webcash, a B2B financial fintech specialized company," and added, "We will continuously expand 'AI Everywhere' so that KT's AI technology can now be accessed by companies as well." Yoon Wan-soo, Vice Chairman of Webcash Group, said, "In line with the dawn of the smart AI era, 2020 will be the year AI is integrated into corporate work," and added, "We will strive to create synergy effects between KT's AI technology and Webcash's B2B technology."

This content was produced with the assistance of AI translation services.