KB Capital, KB Chachacha 'Used Car Sales Management System' Patent Granted

Scheduled to be applied to KB Chachacha soon

[Asia Economy Reporter Ki Ha-young] KB Capital announced on the 15th that it has been granted a patent by the Korean Intellectual Property Office for the 'Used Car Sales Management System.'

Recognized as a patent on the 23rd of last month, this system predicts the sales duration based on the registered sales price when used car dealers register the sales amount for their listings. It was developed using KB Chachacha's artificial intelligence (AI)-based machine learning model in collaboration with KAIST.

Through this system, KB Capital plans to provide sales forecast information to used car dealers using KB Chachacha, enhancing the convenience of vehicle sales for dealers. Additionally, since inventory management based on predicted sales days is possible when dealers acquire vehicles, overall business management can be conducted through the KB Chachacha system.

General consumers can also benefit from this system when directly selling their cars on KB Chachacha, as the system measures the expected sales duration, helping them set the sales price for their vehicles.

Hwang Su-nam, CEO of KB Capital, stated, "The used car sales management system will be applied to KB Chachacha in the near future," adding, "We plan to open doors to startups and businesses that need the information and data underlying this system, offering various cooperation methods and opportunities."

Meanwhile, KB Chachacha continues to enhance consumer convenience by revamping its 'Naechago' service, which provides periodic updates on recall information, regular inspections, insurance details, and accident history with just a single vehicle registration.

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