Seven Eleven and Kyung Hee University Join Forces to Foster AI-Based Next-Generation Retail Experts

Fostering Professionals in Big Data and AI
Initiatives Include Inventory Management and Product Recommendation System Development

On August 28, Seven Eleven announced that it had signed an industry-academia cooperation agreement (MOU) with Kyung Hee University. The two organizations will operate joint education programs and conduct collaborative research utilizing AI and big data technologies.

The purpose of this agreement is to establish an organic system of cooperation between the two organizations, fostering mutual support and collaboration for joint prosperity and friendship. This includes cultivating outstanding professionals through mutual exchange and cooperation, and contributing to industrial development.

On the 28th, Moon Daewoo, Head of Digital Innovation at Seven Eleven (fourth from the left in the back row), and Park Jaehong, Professor at Kyung Hee University (seventh), along with officials from both organizations, signed a business agreement for big data and AI industry-academic cooperation. Provided by Seven Eleven.

To achieve these goals, both parties plan to closely collaborate in several areas, including: jointly developing and operating industry-academia linked education programs; providing opportunities for field training and internships; inviting industry experts for special lectures and as adjunct professors; and giving preference in recruitment to those who complete the educational programs.

The industry-academia cooperation project will run for four months, from September to December. At the end of the project, there will be an advisory and final evaluation process.

For this initiative, Seven Eleven will provide the data needed for big data analysis, and Kyung Hee University will produce outcomes based on the data received. In addition, the development of marketing strategies and systems that can be applied to actual work will also be carried out.

Main tasks include AI projects such as identifying sales growth opportunities, improving inventory management efficiency, and building a product recommendation system, as well as leveraging big data for establishing marketing strategies and enhancing the work efficiency of store owners and operational organizations.

Moon Daewoo, Head of Digital Innovation Division at Seven Eleven, stated, "This industry-academia cooperation with Kyung Hee University will be an important opportunity to create innovative value and foster talent to lead the future of retail by utilizing AI and big data technologies in a rapidly changing retail environment. We will strive to provide better convenience and experiences to our customers and lead the digital transformation of the convenience store industry through practical industry-academia synergy."

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