Gwangju City and SAP Korea Sign Business Agreement to Establish AI Business Foundation

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan City announced on the 23rd that it has signed the 22nd business agreement with SAP Korea to establish a Gwangju-type artificial intelligence business foundation and will actively cooperate in creating an AI ecosystem in Gwangju.

In addition, SAP Korea plans to establish the SIDG (SAP Institute for Digital Government) Gwangju office, which researches the future of digital government.

Founded in Germany in 1972, SAP leads the enterprise software market.

Established in 1995, SAP Korea has become the most widely adopted enterprise application brand among major domestic companies. SAP’s machine learning, Internet of Things (IoT), and advanced analytics technologies support transforming businesses worldwide, including in Korea, into intelligent enterprises.

Through the business agreement, SAP Korea plans to lay the groundwork for fostering an innovative AI startup ecosystem based in Gwangju, supporting global expansion, and creating jobs in AI technology and innovation sectors.

To this end, they plan to collaborate using SIDG (SAP Institute for Digital Government) with the goal of meeting the needs of citizens and government service users and creating government value.

The main agreement contents include ▲providing technical and policy advice for establishing the Gwangju AI cluster ecosystem and related business platform ▲establishing a Gwangju office to foster an innovative AI startup ecosystem based in Gwangju, support global expansion, and create jobs in AI technology and innovation sectors ▲developing and operating various corporate support programs and corporate promotion for creating an AI industry ecosystem ▲planning and promoting education and employment programs for AI field professionals.

Lee Sung-yeol, CEO of SAP Korea, said, “We are pleased to contribute to the creation of an AI ecosystem in regions like Gwangju, where innovation thrives, based on the know-how gained from supporting over 440,000 corporate and public customers and SAP’s innovative technologies,” adding, “We will strive for co-innovation with Gwangju society through cooperation via SIDG and support from the SAP platform.”

Mayor Lee Yong-seop stated, “In the era of the Fourth Industrial Revolution, artificial intelligence is a core element of national competitiveness, and Gwangju is building a world-class AI ecosystem,” and added, “We will actively support many AI companies to achieve great dreams in Gwangju.”

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