Yonsei University and Chinese Tencent Join Hands to Promote Social Value... Signing of Business Agreement

On the 20th, Yonsei University Regulatory Governance Research Institute and the Department of Public Administration BK Project Group Digital Governance Lab announced that they have signed a Memorandum of Understanding (MOU) with Chinese IT company Tencent to promote social value.

[Image source=Yonsei University]

Yonsei University Regulatory Governance Research Institute and Digital Governance Lab conduct research in various fields such as regulatory reform, administrative innovation, and digital administration. Tencent, the largest IT company in China operating the mobile messenger 'WeChat,' boasts a market capitalization of around 400 trillion KRW.

Under this agreement, the two organizations plan to promote collaborative projects aimed at enhancing social value. As part of the project, Yonsei University will host a 'Hackathon for Solving Social Problems' in partnership with the Korean Association for Public Administration, sponsored by Tencent and Google. A hackathon is a competition where developers, designers, and planners gather to generate ideas and repeatedly refine them within a short period to produce results.

The competition themes focus on predicting future social problems and proposing solutions, as well as creative uses of generative AI. For the future social problem prediction category, ideas will be accepted in five detailed fields: urban, administration, management, digital industry, and others. Participants are required to submit ideas and app development results that can enhance social value according to the detailed themes.

The application deadline is the 25th of next month, and participation is open to university students, graduate students, or graduates within two years. The winners will be announced on April 19, and a total prize of 8 million KRW will be awarded to eight teams.

Hong Soonman, Director of the Regulatory Governance Research Institute and Special AI Committee Chair of the Korean Association for Public Administration, stated, "By revitalizing educational projects with global companies, we aim to provide more students with opportunities to take an interest in social problems and seek creative solutions."

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