The Ministry of Land, Infrastructure and Transport announced that it will hold the 11th Real Estate Industry Day ceremony on November 11 at the Seoul Construction Hall. The event will focus on discussing innovative real estate services utilizing artificial intelligence (AI) and big data, and will honor 35 individuals who have contributed to the industry's development with awards from the Minister.
Hosted by the Korea Real Estate Economic Association and organized by the Korea Association of Realtors, the event is expected to attract over 600 attendees, including Shin Yoon-geun, Director of Land Policy at the Ministry, as well as representatives from real estate companies, academia, and research institutions. Participants will explore the future direction of the real estate industry under the theme "Building Trust Together."
Among the award recipients are Lee Guk-hyung, CEO of Korea Investment Real Estate Trust, and Cho Hyun-ho, CEO of Hanwha 63 City. Lee was recognized for expanding the supply of public-supported private rental housing using REITs, while Cho was honored for his contributions to implementing an information and communication technology (ICT)-based safety management system and fostering a culture of safety on-site.
In the afternoon, a seminar titled "40 Years of the Real Estate Industry: From Analog to AI - Achievements and Challenges of Digital Transformation" will take place. Experts, including Professor Lee Sang-young from Myongji University, will discuss changes in the real estate service industry and policy challenges related to the use of AI and data. PropTech companies will also showcase AI and big data-based real estate legal and tax consulting services at the venue.
Shin Yoon-geun urged participants to prepare for the future with bold changes and innovations to create a stable living environment that the public can feel.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.