Hansung-suk CEO "Contributing to Social Development Based on Data" (Update)

"Data Analyzed by AI to Be Released on the Cloud"

[Image source=Yonhap News]

[Asia Economy Reporter Jin-gyu Lee] Han Seong-suk, CEO of Naver, emphasized on the 14th that she will play a public role based on the accumulated data.

CEO Han participated online in the 7th Emergency Economic Meeting 'Korean New Deal National Report Conference' held at the Blue House that afternoon and made this statement. She expressed her position on the Digital New Deal via video connection from the 'Gak' data center server room in Chuncheon, Gangwon Province, instead of the Blue House.

At the event, she said, "We will create innovative financial services for small business owners and young adults based on Naver's data."

She added, "Because we understand the potential and value of data better than anyone, we will contribute to social development through data," and "We plan to publicly share various data analyzed by artificial intelligence (AI) technology through the cloud." She continued, "I hope the data will be freely utilized in AI research and various industries to become the catalyst for Korea's Fourth Industrial Revolution."

She also expressed her commitment, saying, "We will make platforms easier and more convenient for small business owners and creators, and we will spare no effort in supporting startup investments, online entrepreneurship, and education for nurturing AI talent."

Regarding the Chuncheon data center, CEO Han introduced it as "a large 'data dam' where 20 years of daily records and various information from Naver users are gathered," and explained, "The name 'Gak' was taken from 'Janggyeonggak,' which preserved the Tripitaka Koreana for hundreds of years and passed knowledge to future generations."

She further explained, "The data gathered here is helping small business owners nationwide who sell products on Naver's online store, 'Smart Store,'" and said, "By utilizing AI technology to provide big data-based statistical tools to small business owners, their sales are gradually increasing, creating a positive trend that even generates new jobs." She also predicted, "Now, through the internet, the commercial areas of small business owners have expanded nationwide and will become possible overseas beyond Korea."

In addition, regarding the government's Digital New Deal policy, she said, "I hope the government will create new policies and systems to help us stay ahead in global competition," and conveyed, "If the people, government, and companies unite with one heart and strength, I am confident that becoming a digital powerhouse will not be a dream but our reality."

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