Latest news with #PublicProcurementService
Korea Herald
14-04-2025
- Business
- Korea Herald
S. Korea, Uzbekistan sign MOU on public procurement cooperation
South Korea's Public Procurement Service (PPS) and Uzbekistan's Ministry of Economy and Finance held a bilateral meeting on cooperation in public procurement and signed a memorandum of understanding (MOU) in the Central Asian country last week, the PPS said Monday. The meeting between PPS Administrator Lim Ki-keun and Uzbekistan's Deputy Minister of Economy and Finance Gulnora Rakhimova took place in Tashkent last Friday, the PPS said. Under the MOU signed by Lim and Rakhimova, the two organizations will cooperate to share public procurement system information, including electronic procurement, provide information necessary for establishing and improving the electronic procurement system, and stimulate corporate participation in the public procurement market, the PPS said. Lim's visit to Uzbekistan came after he held bilateral talks with Rakhimova during the International Procurement Workshop jointly organized by the Asian Development Bank and the PPS in Seoul in September last year. "Following an MOU signed last year with Kyrgyzstan, full-scale exports of the electronic procurement system are under way this year. The MOU with Uzbekistan will help further expand Korea's public procurement cooperation in Central Asia," Lim said. (Yonhap)
Associated Press
06-02-2025
- Business
- Associated Press
SpaceBank Leads AI DX Innovation, Setting Sights on Global Markets
Woney Lee, CEO of SpaceBank Woney Lee, CEO of SpaceBank Since its establishment in 2018, SpaceBank (CEO Woney Lee) has been at the forefront of AI RPA (Robotic Process Automation) solutions, positioning itself as a digital transformation (DX) specialist IT company focused on DNA (Data, Network, AI). SpaceBank provides solutions that analyze and utilize data through a DataOps-based low-code development methodology. It designs customized DX roadmaps for its clients. The company is pivotal in advancing AI DX technology by addressing key management challenges. One of its flagship solutions, 'AIoT Wright,' is an intelligent security and monitoring system combining AI and IoT. It integrates data from various sensors, including fall detection, heart rate, respiration, temperature, humidity, and vibration, making it applicable in smart hospitals, factories, and buildings. The solution is currently deployed in facilities such as the Baekdudaegan Arboretum, a national security site, and Incheon's 2nd Municipal Dementia Nursing Home for safety and human care purposes. Another notable offering, the intelligent integrated monitoring solution AIoT Wright GX, collects, analyzes, and standardizes heterogeneous sensor data in real-time to build dashboards that assist decision-making. Recently certified with Cloud Security Assurance Program (CSAP) approval, it is now equipped with robust security systems suitable for use in public institutions. SpaceBank's DX solution brand, 'RAIID,' delivers AI-, RPA-, and data-based SaaS solutions that support data processing and task automation. RAIID, offered in a Robot-as-a-Service (RaaS) format, is extendable to diverse sectors such as logistics robot monitoring, smart factories, and patient safety monitoring. By leveraging low-code technology, SpaceBank achieves efficient digital transformation while significantly reducing costs and time. Compared to traditional high-code approaches, the company's systems can be built with 1/20th of the resources, delivering fast and flexible user-customized data. These innovations have been recognized with Grade 1 software quality certification (GS) and designation as an innovative procurement product by Korea's Public Procurement Service. SpaceBank is also making strides in domestic and international markets. The company showcased its solutions at consecutive MWC events in 2023 and 2024 and engaged in discussions on digital collaboration with the UAE's Minister of AI during the Expand North Star exhibition in Dubai. Building on this momentum, SpaceBank is strengthening its global sales network to accelerate entry into Middle Eastern and other international markets. Photo provided by SpaceBank Headquartered in Pangyo, the heart of IT innovation, SpaceBank directly engages with technological trends and the industrial ecosystem to establish a foundation for global business. As a resident of the Seongnam Global Convergence Center, the company benefits from extensive networking and marketing support, laying the groundwork for sustainable growth and global expansion. With plans to go public within five years, SpaceBank is set to solidify its position in domestic and international digital transformation markets. As a leader in AI DX, the company continues to spearhead digital innovation and embrace future challenges.
