[Asia Economy Reporter Kwangho Lee] Propfintech company Oasis Business announced on the 26th that it will participate in DL E&C's open innovation and conduct a Proof of Concept (PoC) in the field of digital transformation in the construction industry.
DL E&C started as Korea's first construction company in 1939 and has successfully carried out various projects such as architecture, civil engineering, and plants in over 40 countries worldwide. Recently, it has been accelerating its transformation into a digital company. DL E&C has been supporting technology development of promising startups through its open innovation program, adding business feasibility to ideas and applying them on-site.
Oasis Business plans to conduct the PoC based on its artificial intelligence (AI) technology and data. Beyond this collaboration, Oasis Business has been continuously validating its technological capabilities to be applicable to various real estate development industries and is building objective technology through participation in various government projects related to real estate data.
Last year, Oasis Business won the grand prize (Presidential Award) at the 'Government-wide Public Data Utilization Startup Competition' hosted by the Ministry of the Interior and Safety, and the grand prize (Minister of Land, Infrastructure and Transport Award) at the 'Korea Real Estate Service Industry Startup Competition.' This year, it participated as a 'representative commercial real estate' company in the government's big data construction project and gained recognition for its technology reliability through PoCs with Lotte Construction and Seven Eleven.
Oasis Business is a propfintech company innovating the commercial real estate market through AI commercial district analysis algorithm technology. Applying the value restoration method, which determines real estate value based on added value generated in space, to commercial real estate, Oasis Business operates three services: △ CREMAO, a value estimation solution for commercial real estate such as sale price and rent △ ITTANG, a metaverse startup platform based on AI commercial district analysis △ ACSS, an alternative credit evaluation model for small business owners.
Moon Wook, CEO of Oasis Business, said, "The wave of digital transformation has recently become strong in the construction industry." He added, "While strengthening Oasis Business's proprietary AI algorithm technology, we will help more construction real estate companies with their digital transformation in the future."
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