South Korea's Ministry of Finance in Sejong City. [Photo by Kim Yoo-jin]
A generative artificial intelligence (AI) service that automatically converts press releases into card news and drafts audit opinions has been recognized as an outstanding project at the Finance Ministry's hackathon.
The Ministry of Finance held the "Generative AI Service Discovery Hackathon" from June 10 to 12 at the Narakium Training Center in Taean, South Chungcheong Province.
The event aimed to integrate generative AI technology into key areas of the ministry's work, including economic policy, taxation, state property, international finance, and public institution management, to enhance administrative efficiency and develop innovative services that citizens can experience.
A total of 25 innovative projects were submitted by various departments within the ministry, with 15 teams advancing to the finals. Participants developed prototypes that could be practically applied in their work, supported by mentoring from the ministry's AI advisory group and private experts.
Among the recognized projects was the "Automatic Card News Generation Service," which analyzes ministry press releases to create card news and post it on social media, potentially reducing production time to about 20 minutes.
The "State Property Management Efficiency AI," which analyzes data and policy documents related to state property to support policy formulation, and the "Automated Drafting Service for Routine Audit Opinions," which learns from past cases to draft review opinions, were also highlighted as outstanding projects.
Additionally, the "ALIO AI Plus" service, which integrates and searches information from the public institution management disclosure system known as ALIO, was recognized. This service is expected to enhance public access to information and convenience by allowing comprehensive searches of management disclosures, facility information, and various documents from public institutions.
The Ministry of Finance plans to refine the outstanding ideas and prototypes discovered during the hackathon by October and gradually incorporate them into the "Finance Ministry AI-ONE Platform."
Deputy Prime Minister and Minister of Finance Koo Yun-cheol stated, "This is a meaningful first step for our employees to learn AI technology and directly develop and utilize administrative services. We will lead the AI transformation in government departments to improve administrative efficiency and provide innovative public services that citizens can feel."
The Ministry of Finance held the "Generative AI Service Discovery Hackathon" from June 10 to 12 at the Narakium Training Center in Taean, South Chungcheong Province.
The event aimed to integrate generative AI technology into key areas of the ministry's work, including economic policy, taxation, state property, international finance, and public institution management, to enhance administrative efficiency and develop innovative services that citizens can experience.
A total of 25 innovative projects were submitted by various departments within the ministry, with 15 teams advancing to the finals. Participants developed prototypes that could be practically applied in their work, supported by mentoring from the ministry's AI advisory group and private experts.
Among the recognized projects was the "Automatic Card News Generation Service," which analyzes ministry press releases to create card news and post it on social media, potentially reducing production time to about 20 minutes.
The "State Property Management Efficiency AI," which analyzes data and policy documents related to state property to support policy formulation, and the "Automated Drafting Service for Routine Audit Opinions," which learns from past cases to draft review opinions, were also highlighted as outstanding projects.
Additionally, the "ALIO AI Plus" service, which integrates and searches information from the public institution management disclosure system known as ALIO, was recognized. This service is expected to enhance public access to information and convenience by allowing comprehensive searches of management disclosures, facility information, and various documents from public institutions.
The Ministry of Finance plans to refine the outstanding ideas and prototypes discovered during the hackathon by October and gradually incorporate them into the "Finance Ministry AI-ONE Platform."
Deputy Prime Minister and Minister of Finance Koo Yun-cheol stated, "This is a meaningful first step for our employees to learn AI technology and directly develop and utilize administrative services. We will lead the AI transformation in government departments to improve administrative efficiency and provide innovative public services that citizens can feel."
* This article has been translated by AI.
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