Seoul City Introduces Innovative Products from 'Campus Town' Startup Companies into SH Public Housing

[Asia Economy Reporter Onyu Lim] The 'complex cooling and ventilation system' developed by a startup from Seoul's 'Campus Town' (AOL Korea from Korea University) has been introduced in public housing tailored for young adults and newlyweds by Seoul Housing & Communities Corporation (SH). Campus Town is a project that started nationwide for the first time in 2017 with the goal of fostering youth startups and promoting regional co-prosperity through cooperation among public institutions, universities, and the private sector.

Seoul City and SH Corporation announced on the 11th that the 'complex cooling and ventilation system' will be pilot-applied to 87 urban lifestyle housing units in the Segok 2 District, scheduled for completion next year, and 844 zero-energy housing units in the Godeok Gangil District, expected to be completed in 2023.

The complex cooling and ventilation system is a '4-in-1' system that simultaneously performs four functions: cooling, dehumidification, ventilation, and fine dust removal. There is no need to install separate outdoor units, air conditioners, air purifiers, ventilation systems, or dehumidifiers. It is a system suitable for small-sized units preferred by young adults and newlyweds.

SH Corporation stated, "We plan to apply this system to youth housing designs starting this year and will monitor satisfaction, usage status, and effectiveness to expand its application in the future."

AOL Korea, which developed the system, is a startup support team from Korea University Campus Town, Seoul's first Campus Town. Selected in 2017, it received support through a startup studio and startup funding. As of February 2020, it recorded sales of 780 million KRW and expects sales of approximately 17 billion KRW this year.

Kim Seyong, President of SH Corporation, said, "We introduced the complex cooling and ventilation system to maximize space utilization for young adults and newlyweds who mainly prefer small-sized units and to enhance resilience against heatwaves and fine dust. By pilot-introducing innovative products from youth startups that have grown through Campus Town, we will also serve as a testbed where the public sector nurtures the potential of youth entrepreneurship."

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