Refinement of Used Car Price Information Service... Promotion of External Linkage Services and Joint Marketing
[Asia Economy Reporter Yu Je-hoon] KB Capital is partnering with an artificial intelligence (AI) specialized company to advance used car price evaluation.
On the 7th, KB Capital announced that it signed a strategic business agreement (MOU) with AI specialist company XBrain to enhance the used car price evaluation of KB Chachacha. KB Chachacha is KB Capital's used car trading platform launched in 2016.
XBrain is an AI specialized company that developed 'Daria,' a cloud-based machine learning platform, and was listed among the top 10 Korean startups expected to grow in 2018 by Forbes. The company is establishing AI adoption strategies and project planning for businesses and is developing AI using algorithms suitable for each business.
Through this agreement, KB Capital and XBrain plan to advance the AI functions related to vehicle price evaluation applied to KB Chachacha as strategic partners, thereby refining the used car price information service. Additionally, they will actively collaborate in various areas such as external linkage services related to vehicle prices and joint marketing initiatives.
Hwang Su-nam, CEO of KB Capital, stated, "KB Chachacha is continuously evolving and striving to enhance consumer convenience by advancing digital services based on artificial intelligence and providing differentiated services. This agreement with XBrain is expected to greatly contribute to strengthening KB Capital's data utilization capabilities and AI competencies."
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