Korea National Oil Corporation to Strengthen Mutual Growth with SMEs and Startups through Opinet

Joint Efforts with Opinet Partners to Boost the Private Economy through Public Data

Korea National Oil Corporation (President Kim Dongseop) held a meeting with its Opinet partner companies, which provide oil price information, on the 11th to discuss strategies for mutual growth.

The Korea National Oil Corporation's Opinet Partner Win-Win Cooperation Meeting was held on the 11th at the Korea Press Center in Seoul. Photo by Korea National Oil Corporation

'Opinet' is a public data platform operated by Korea National Oil Corporation to ensure transparent oil transactions and stabilize consumer prices. The corporation collects and releases sales price information from oil businesses.

Shinyoung Shin, Chief of Management Support Division at Korea National Oil Corporation (center), is taking a commemorative photo with participants of the Opinet Partner Win-Win Cooperation Meeting held on the 11th at the Korea Press Center in Seoul. Provided by Korea National Oil Corporation

This discussion was organized to gather feedback from partner companies, explore ways to advance oil price information services, and identify measures to facilitate the development of innovative services and new business opportunities by enabling the private sector to utilize the corporation's accumulated data.

Currently, Korea National Oil Corporation provides oil price APIs to 17 IT-related startups and other companies, and also offers customized APIs upon request from partners. This initiative aims to support data infrastructure that is difficult for private companies to build independently, thereby helping them reduce costs and enhance service competitiveness.

The oil price information API (Application Programming Interface) delivers key oil price data-such as real-time sales prices and gas station locations nationwide-in an open format, making it easy to integrate into ICT-based services.

The meeting was attended by CEOs and key managers from major partner companies, including Mappers, Fomax Network, Goeun, Gleck, Now Energy Solution, and Kabang. Participants shared updates on their respective oil price information services and business operations, and engaged in in-depth discussions on directions for mutual growth through data linkage projects utilizing various oil price information.

During the meeting, attendees agreed to expand concrete initiatives for mutual growth, such as developing new services using Opinet's oil price information, mutual marketing cooperation, and enhancing data accessibility and technical support. They also plan to sign a win-win cooperation agreement reflecting these commitments in the near future.

Shin Younghwa, Head of the Management Support Division at Korea National Oil Corporation, stated, "Korea National Oil Corporation will focus on mutual growth with the private sector by promoting public data-based businesses such as Opinet," adding, "We will leverage our diverse capabilities to pursue mutual growth with the private sector in order to realize the current administration's national agenda of a win-win economy and AI-driven government."

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