'Smart Store Contest'... "Total Prize Money of 20 Million Won for 10 Locations"

Source: Small Enterprise and Market Service

[Asia Economy Reporter Kim Daeseop] The Small Enterprise and Market Service announced on the 11th that it will hold the 'Smart Store Contest' and select and award 10 stores.

Smart stores are places that have installed artificial intelligence (AI), robots, Internet of Things (IoT), and other technologies in small business establishments to drastically improve service and management methods. The smart stores selected through this contest will receive a total prize of 20 million won. In addition, preferential interest rates will be applied when supporting the 'Innovative Small Business Policy Fund.'

This Smart Store Contest is recruiting entries in two categories: smart technology and smart order, based on technical information and case studies. The application period is until the 5th of next month. The Small Enterprise and Market Service plans to announce the final selected smart stores on the 19th of next month after document screening, public evaluation, and expert review.

Jo Bonghwan, Director of the Small Enterprise and Market Service, said, "The smartification of small business stores is a necessary step to respond to the newly changing contactless consumption culture due to COVID-19," and added, "We ask for the interest and participation of many small business owners who are achieving innovation through smart technology."

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