'Non-face-to-face Defect Repair Platform'... This Year's Grand Prize Winner at Real Estate Startup Competition

[Asia Economy Reporter Je Moon-won] At the Real Estate Service Industry Startup Competition held to discover excellent ideas related to the real estate service industry and support startup growth, the 'Horizon' team, which presented the idea of a 'non-face-to-face defect repair platform,' won the grand prize.

The Ministry of Land, Infrastructure and Transport and Korea Appraisal Board held the 2020 Real Estate Service Industry Startup Competition awards ceremony on the 18th at the Korea Appraisal Board Seoul Office.

A total of 72 teams participated in this competition. The Ministry of Land, Infrastructure and Transport selected six award-winning teams through the first document screening, a seven-week startup camp, and the second presentation screening.

The grand prize, the Minister of Land, Infrastructure and Transport Award, was awarded to the Horizon team, which presented the idea of a non-face-to-face online platform connecting landlords, tenants, and repair companies. Using this platform, tenants can easily request repairs and receive accurate feedback. Landlords can register properties with strengths in the rental market through defect repair history management.

The excellence award went to the 'Tanker Fund' team, which proposed an 'AI engine-based real estate quick-sale recommendation service.' It received praise for its technical aspect of recommending affordable properties by collecting and analyzing real estate public data and individual preference conditions through machine learning.

The merit award was jointly given to the 'Master of Management' team, which suggested ways to improve management fees through a 'management fee comparison and reduction platform service,' and the 'LNB Korea' team, which proposed an idea to recruit short-term tenants and landlords for shared housing through a 'home sharing O2O platform.'

A total prize money of 20 million KRW will be awarded to the winning teams of this competition. Among them, two teams will also have the opportunity to participate in the integrated finals of the '8th Government-wide Public Data Utilization Startup Competition' hosted by the Ministry of the Interior and Safety in September to October.

Han Jeong-hee, Director of the Real Estate Industry Division at the Ministry of Land, Infrastructure and Transport, said, "We will continue to provide policy support such as public data opening, education, and space support so that startup competition alumni and entrepreneurs in the real estate service industry can achieve practical business results."

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