"Government Procurement Process Must Be Innovated with AI"

Client CEO Joonho Cho Speaks at AI Seoul Conference
"Sharp Increase in AI-Generated RFPs After GPT-4 Release"

"Artificial intelligence (AI) and data-driven approaches will play a key role in reshaping the public procurement market," said Joonho Cho, CEO of Client.

There has been a call to innovate the government procurement system by introducing AI. Client, an AI-based bidding analysis solution company, announced on the 12th that CEO Joonho Cho emphasized this point while speaking at the 'AI Seoul 2025 Conference' on the 11th.

Client is a company that utilizes AI technology to improve inefficiencies in the global public procurement market and supports private companies' participation in government bids. It provides services such as customized bid announcement matching through AI bidding analysis, pre-sales support by extracting contact information of persons in charge from requests for proposals, and bid strategy formulation through competitor and demand agency analysis.

CEO Cho stated, "The public procurement market is still inefficiently operated within hundreds of pages of complex documents," adding, "AI technology can solve these problems."

Through collaboration with Northwestern University in the United States, Client confirmed that its AI-based bidding analysis solution reduced procurement work time by 62% and increased average sales by over 200 million KRW. Currently, more than 80 companies are using this service, with over half of them participating in government bids for the first time.

According to Client’s own analysis, the adoption of AI by Korean public institutions has been increasing recently. Since the release of OpenAI’s GPT-4, the proportion of AI-generated requests for proposals (RFPs) has risen, and the keyword "AI" in IT software-related bidding documents has shown an upward trend since 2023.

Client completed a pilot project for AI-based RFP generation in cooperation with Singapore Changi Airport. According to Client, when examining the costs of improving government procurement systems, South Korea’s 'Next-Generation Nara Market' renewal project invested 95.5 billion KRW, whereas Singapore improved its procurement system with a budget of 400 million KRW. Client is currently operating businesses in South Korea and Singapore and is preparing to enter the U.S. market in April.