GS Retail Opens a Platform for Communication on Distribution Innovation with Startups

GS Retail announced on the 7th that it has taken the first step toward distribution innovation together with five startups selected through the ‘The GS Challenge Future Retail’ program.

On the 4th, the 'The GS Challenge Future Retail' startup camp event was held at the 25th-floor open hall of GS Tower, attended by Hyunsoo Heo, Vice Chairman of GS Retail (center).
[Photo by GS Retail]

On the 4th, GS Retail held The GS Challenge Future Retail Startup Camp at the open hall on the 25th floor of GS Tower. About 50 people attended the event, including GS Retail Vice Chairman Hyunsoo Heo, business division executives, Bluepoint Partners Vice CEO Yonggeon Kim, and founders of the five startups selected through the Future Retail program, exchanging greetings.

Future Retail is a program by GS Retail and tech-based accelerator ‘Bluepoint’ to discover startups that will present the future of distribution and seek open innovation opportunities. Over the course of one month starting in mid-June, applications were accepted in three areas: ▲Digital Transformation (DX) solutions ▲Trendy products ▲Smart distribution, resulting in a total of about 160 startups applying.

The final selected startups are ▲Wecover (CEO Chanyeol Choi), developing a customer response AI chatbot based on large language models (LLM) ▲JetAI (CEO Jihyuk Lee), offering personalized product recommendations based on deep learning personalization technology ▲Flotic (CEO Chan Lee), developing automated inbound and outbound logistics center robot solutions ▲PeachAI (CEO Dongyeol Lee), developing convenience store customized promotional media by combining digital signage and edge AI ▲Cinnamon Lab (CEOs Jian Kim and Kyungyong Shin), researching food raw materials and supplying global healthcare products.

GS Retail and Bluepoint Partners plan to support the growth of these startups through an accelerating program starting with the startup camp held that day.

Seonghwa Lee, Executive Director of GS Retail’s New Business Division, added, “Since various business divisions are eager to actively collaborate with the finally selected startups, we expect to create diverse innovations.”

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