President Moon Jae-in's First On-site Visit for Digital New Deal: Visiting 'Duzon Bizon'

[Asia Economy Reporter Lim Jeong-su] President Moon Jae-in visited Duzon Bizon, an enterprise resource planning (ERP) specialized company, as his first on-site move for the Digital New Deal, encouraging officials and developers, Duzon announced on the 18th.

According to Duzon Bizon, President Moon visited the Duzon ICT Group Gangchon Campus located in Namsan-myeon, Choncheon-si, Gangwon-do, on the morning of the day. At the site, he listened to explanations from CEO Kim Yong-woo about the company's growth story, business platform, big data, artificial intelligence (AI), and fintech projects, and communicated with software development employees working on-site.

At the event, the president said, "Through the Digital New Deal, the ecosystem centered on large corporations will be newly reorganized around small and medium-sized enterprises and mid-sized companies, creating new opportunities and jobs, including an increase in companies expanding globally," adding, "I am proud of and have high expectations for the key players leading the Digital New Deal as data and AI specialized companies."

The Moon Jae-in administration declared a transition to a data economy in August 2018 and established a national AI strategy in December last year. In February this year, it announced active support for revitalizing the data and AI economy, including revising the so-called 'Gaemangsin Act' (Data 3 Laws).

This presidential visit is the first on-site event after the government announced an additional budget for the Korean-style Digital New Deal on the 3rd. Duzon Bizon was selected as a target for the president's visit as a company that can demonstrate all stages of data-based innovation. It started in 1991 as a small company with a capital of 50 million won and has grown into a mid-sized company with a market capitalization of 3.5 trillion won.

Song Ho-cheol, CEO (Executive Director) of Duzon Bizon’s Platform Business Division, said, "With continuous government support for data activation policies, it will be possible to develop excellent data-based innovative services," adding, "In line with the government's DNA (Data·Network·AI) policy direction, we will be able to leave many precedents that contribute to building a national-level corporate ecosystem through public and private cooperation."

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