BGF Retail Strengthens Collaboration on Korean-Style Safe Smart Store Technology

Testbed Opening Ceremony and Technology Demonstration Attendance

Lee Geon-jun, CEO of BGF Retail (right), and Lee Won-tae, President of the Korea Internet & Security Agency, are posing for a commemorative photo. (Photo by BGF Retail)

[Asia Economy Reporter Lim Chun-han] BGF Retail announced on the 28th that it held an opening ceremony for a Korean-style Safe Smart Store testbed, developed purely with domestic small and medium-sized enterprise (SME) technology, at the 2nd Technovalley Corporate Support Hub located in Pangyo.

This event followed the signing of a public-private partnership agreement to launch a council for the expansion of AI-based Safe Smart Stores, involving government agencies such as the Ministry of Science and ICT, Korea Internet & Security Agency, Korea Minting and Security Printing Corporation, as well as private companies in convenience stores, IT, and fintech sectors.

The Safe Smart Store is a convergence of retail technology that automates the entire process from entry to purchase and payment. Since last year, BGF Retail has partnered with the Korea Internet & Security Agency to conduct a joint project demonstrating security technology to help revitalize the domestic unmanned retail industry.

BGF Retail has taken on the role of a testbed where technologies owned by SMEs can be applied on-site and their effectiveness verified, aiming to support the localization of core technologies for unmanned systems, enhance security, and develop an unmanned store environment that small business owners can operate with confidence.

The demonstration proceeded in the following order: ▲ QR code-based integrated entry authentication ▲ experience with smart camera buyer motion recognition and product recognition technology ▲ real-time broadcast from the Korea Internet & Security Agency’s main demonstration store in Naju, Jeollanam-do ▲ PASS ID authentication for unmanned cigarette vending machines ▲ introduction of various security terminals.

Lee Geon-jun, CEO of BGF Retail, said, “CU takes great pride in contributing to the activation of domestic security technology through Safe Smart Stores, enabling excellent domestic SMEs to advance their technological capabilities. We will continue to actively cooperate with government policies to enhance the convenience and safety of the domestic security technology industry and strive to contribute to the development of K-Retail Tech by leveraging differentiated capabilities and infrastructure.”

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