Jang Pyung-soon, Chairman of Kyowon Group, Invests 74 Billion KRW to Strengthen 'Digital Innovation'

Completion of 'Smart Work' System through Robotic Process Automation Technology

Jang Pyung-soon, Chairman of Kyowon Group, stated on this day, "This year, we will invest a total of 74 billion KRW in research and development and strategic investments for digital transformation." Through this, the plan is to accelerate digital innovation and secure future growth competitiveness. Photo by Kyowon Group

[Asia Economy Reporter Kim Heeyoon] Kyowon Group announced on the 26th that it will increase research and development and strategic investments and focus more on strengthening artificial intelligence (AI) capabilities to accelerate digital transformation.

Jang Pyungsun, Chairman of Kyowon Group, stated, "This year, we will invest a total of 74 billion KRW in research and development and strategic investments for digital transformation." Through this, the group plans to accelerate digital innovation and secure future growth competitiveness.

This year, Kyowon will invest 33 billion KRW, about 45% of the total investment amount, in the edutech sector. They also plan to launch an AI tutor (tentative name), a personalized learning diagnosis and management solution, within the year. This service will provide customized learning solutions optimized for learners, including optimized class progress and identification and supplementation of weak areas. In addition, they are promoting the development of various AI-based edutech products.

They will also accelerate digital transformation in work methods. Kyowon Group decided to apply Robotic Process Automation (RPA) technology to 70 tasks this year. RPA is a technology that automates repetitive and standardized tasks previously handled by humans using robot software. Last year, Kyowon introduced RPA in 136 office areas such as accounting, human resources, and legal affairs, and explained that employees were freed from repetitive work burdens, saving over 10,000 hours annually and greatly improving work efficiency.

Starting this year, they plan to improve RPA to promote automation in more specialized areas such as demand forecasting and data analysis-based customized design. They also aim to complete a company-wide "smart work" system by strengthening untact work systems such as non-face-to-face work support and collaboration solutions.

Jang Dongha, Head of Planning and Coordination at Kyowon Group, said, “We will continue to promote R&D centered on edutech to secure overwhelming technological capabilities, while focusing on nurturing AI, the future growth engine, to raise the digital capabilities of the entire group. We will enhance employees’ pride by building a smart work environment and corporate culture and introduce innovative services that customers can easily experience in daily life and improve their quality of life.”

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