Raon People Wins Government Project for AI Traffic Data Construction Worth 2.1 Billion KRW

[Asia Economy Reporter Hyunseok Yoo] AI specialist company Raon People announced on the 6th that it has signed a 2.1 billion KRW contract with the National Information Society Agency (NIA) for the ‘2021 AI Training Data Construction - Intersection Signal Data’ project, related to the ‘Data Dam’ sector of the Digital New Deal policy.

This project is a large-scale national initiative aimed at acquiring data through AI and expanding its application across various industries. Raon People plans to secure ‘intersection signal data,’ including intersection signal systems, pedestrian and vehicle movement complex data, to enhance urban intelligent signal control and traffic information in the transportation and logistics sectors, and utilize it for smart city construction and national autonomous driving strategy projects.

The project scale is 2.175 billion KRW this year, with continuous budget input expected due to the expansion of government New Deal policies. Raon People will collect, refine, and process urban traffic data such as full data on vehicles and pedestrians, signal data, road and camera-related metadata, and Bus Information System (BIS) data from 16 intersections in Bucheon-si, Gyeonggi-do, to build AI training data. Based on this, it will provide traffic application services such as intelligent signal control services and route and speed recommendations for autonomous vehicles.

Ahead of the government’s commercialization of Level 4 or higher autonomous vehicles, Raon People is already participating in the Cooperative-Intelligent Transport System (C-ITS) project, where signals, roads, pedestrians, and vehicles organically exchange traffic information and data. It is expected to become a core company in the national AI strategy projects by producing tangible results in projects such as the Pangyo Autonomous Driving Demonstration Project, Sejong Smart Mobility Demonstration Project, Jeonbuk Smart Village Project, Anyang Smart Intersection Project, and Gwangju Metropolitan City C-ITS Project.

Meanwhile, this project is one of the top 10 representative tasks of the Korean New Deal related to AI traffic policy data construction. It is led by Raon People with participation from specialized institutions such as the Korea Advanced Institute of Science and Technology and the Korea Transport Institute, and will continue until December 31.

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