Welo Wins Minister of Science and ICT Award at South Korean Government Expo

Digital Contribution Sector
Recognized for Achievements in Public Data Utilization and Digital Transformation

AI startup Wello announced on the 14th that it received the Minister of Science and ICT Award in the digital contribution category at the '2024 Korea Government Expo.' The award ceremony took place on the first day of the expo, the 13th, during the National Dream Project Merit Award Ceremony.

Wello was recognized for its achievements in developing and spreading solutions that enhance the effectiveness of delivering government policies to the public and innovate the bidding procedures for government projects by companies. In particular, it was highly evaluated for presenting a new paradigm of interaction between the public sector and the private domain through its innovative projects.

Wello's Chief Technology Officer Lee Sang-jun (right) is receiving the Minister of Science and ICT Award. Photo by Wello

Founded in 2021, Wello has been conducting business that creates new value from public data by leveraging data tech capabilities. Its main solutions include 'Wello,' an AI-based customized policy recommendation service that expands the scope of actual policy beneficiaries, and 'WelloBiz,' which supports the digital transformation (DX) of managing corporate support projects and procurement projects.

Lee Sang-jun, Wello's Chief Technology Officer (CTO), said, “Having been greatly recognized for our achievements in the digital contribution field, we will continue to grow as a leading GovTech company in Korea and focus on providing differentiated policy experiences.”