BC Card Holds '2020 Financial Big Data Challenge' Awards Ceremony

Final 5 Teams Selected Out of 275
Prize Money and Certificates Worth 10 Million KRW Awarded

BC Card held the award ceremony for the '2020 Financial Big Data Challenge' contest, co-hosted with Innovation Academy, on the afternoon of the 11th at Innovation Academy in Gaepo-dong, Seoul. Lee Kang-hyuk, Vice President of BC Card (5th from the left), Lee Min-seok, Dean of Innovation Academy (1st from the left), and the grand prize winners are posing for a commemorative photo.

[Asia Economy Reporter Ki Ha-young] BC Card announced on the 12th that it held the awards ceremony for the '2020 Financial Big Data Challenge' contest and selected five final teams as winners.

A total of 275 teams participated in this contest, competing against each other, and five teams (1 Grand Prize, 1 Excellence Award, 1 Merit Award, and 2 Special Awards) were ultimately selected. The winning teams were awarded a total prize money of 10 million KRW and certificates.

This contest was conducted as part of the 'Financial Big Data Platform' project operated by BC Card, selected by the Ministry of Science and ICT and the National Information Society Agency as a platform operator. It was co-hosted with Innovation Academy, a government-led IT talent development institution, and held until the end of October. Participants were required to submit results based on financial data provided by BC Card on ▲manufacturing companies' investment attractiveness (stock price) ▲real estate prices ▲gentrification (commercial area displacement) prediction.

The CUCCI team, which won the Grand Prize, developed a new gentrification index by combining various data such as the number of foreign residents in Seoul, social media keywords, and portal site search frequency, in addition to the data provided by BC Card, under the theme of 'Emerging Commercial Areas, Gentrification Prediction,' receiving the highest score. The Excellence Award went to 'Seoul City Declining Area Commercial District Recommendation Project (Kang Jin-hee),' and the Merit Award was given to 'Real Estate Investment Strategy through Millennial Generation Analysis (Kim Dong-chan).'

Lee Kang-hyuk, Vice President and Head of Marketing at BC Card, said, "We will continue to strive to provide new challenges and opportunities to young people interested in big data through such contests."

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