[Featured Stock] Saltworks Rises on News of First Domestic Adoption of AI-Based Performance Evaluation Solution

[Asia Economy Reporter Yoo Hyun-seok] Saltworks is showing strong performance. The stock surged following news that it will supply an AI-based academic evaluation education solution to Kyung Hee University. Saltworks has secured the AI core technology of KAIT (Knowledge AI Technology), an AI solution specialist company whose educational solutions have been adopted by middle and high schools in the United States, surpassing 730,000 members in just the past six months.

As of 11:01 AM on the 19th, Saltworks was trading at 6,950 KRW, up 5.95% (390 KRW) compared to the previous trading day.

On the same day, Saltworks announced that it had signed a contract to supply an AI education solution for university academic evaluation to the College of Business Administration at Kyung Hee University. The company expects that the AI solution will be introduced for comprehensive academic evaluation, including assessment and post-feedback, for approximately 3,000 Kyung Hee University students annually, enhancing objectivity and reliability.

With the recent expansion of online classes and untact (contactless) education systems in Korea, Saltworks plans to actively expand the application of AI solutions in various education business sectors beyond this academic evaluation solution, thereby accelerating its edutech business.

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