Dunamu is set to enhance the competitiveness of traditional markets and small businesses in Seoul by utilizing digital, artificial intelligence (AI), and blockchain technologies.
On August 24, Dunamu announced that it has signed a memorandum of understanding (MOU) with the Seoul Regional Office of the Small and Medium Business Administration and the Seoul branch of the Small Business Market Promotion Corporation to boost the competitiveness of traditional markets and small businesses.
The agreement aims to establish a public-private partnership and leverage Dunamu's digital, AI, and blockchain technology infrastructure to support the digital transformation of traditional markets and small businesses.
As the first initiative under this agreement, the three organizations will jointly host a 'Digital Innovation Idea Contest for Traditional Markets' targeting university and graduate students. Details regarding the contest's application process and schedule will be announced at the end of this month.
This initiative is particularly significant as it connects the ideas of young people to real-world problem-solving for traditional markets and small businesses. It is expected to uncover new business opportunities and enhance competitiveness for those struggling with the adoption of digital technologies.
O Kyung-seok, CEO of Dunamu, stated, "Blockchain and AI technologies present a real opportunity to provide practical assistance to small businesses and traditional markets, which are the backbone of the real economy. We will strive to ensure that advanced technologies serve as useful tools for revitalizing the local economy and fostering mutual growth."
* This article has been translated by AI.
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