Gwangju University Wins Grand Prize at AI-Based Tax and Accounting Startup Competition

AI Tax Partner Service "TaxFit" for Entrepreneurs and Small Business Owners

Recognized for Its Unique Support in Pre-Filing Information Organization

On July 8, it was announced that Yoo Jaejun and Kim Suyeon, students of the Department of Accounting and Taxation at Gwangju University, won the grand prize at the "2026 AI-Based Tax and Accounting Problem-Solving Startup Competition," hosted by the Korean Tax and Accounting Society.

Jaeyoon Yoo and Suyeon Kim, students of the Department of Accounting and Taxation at Gwangju University, won the grand prize at the "2026 AI-Utilized Tax and Accounting Problem-Solving Startup Contest" hosted by the Korea Tax Accounting Association. Provided by Gwangju University

This competition invited university students from across the country to identify issues arising in the field of tax and accounting and develop startup ideas that address these challenges using AI.

The judging criteria focused not only on technical implementation but also on the identification of real-world problems, feasibility, marketability, and creative solutions. Yoo Jaejun and Kim Suyeon from Gwangju University formed a joint team, GAIA (Gwangju University & Ajou University Intelligence AI), with students from Ajou University and proposed an AI tax partner service called "TaxFit" for beginner entrepreneurs and small business owners.

TaxFit is a service that integrates tax schedule management, a checklist for required documents, AI-powered preliminary questionnaires, and a consultation summary linkage feature into a single workflow to reduce repetitive inconveniences in the tax filing and consultation process.

The students focused on the fact that many business owners in the field struggle more with the preparation process before filing than with tax knowledge itself. They identified issues such as not knowing what to prepare and when, which documents to organize first, and what information to communicate to their tax accountant, and developed a concrete service model to address these challenges.

The award-winning project was recognized for its distinctiveness as an auxiliary service that supports users and tax experts by assisting with pre-filing preparations and information organization before consultations, rather than replacing the judgment of tax professionals with generative AI. The competition judges also praised the project for presenting an integrated workflow, covering everything from tax schedule management to preparation guidance, preliminary questionnaires, and consultation summaries.

Yoo Jaejun commented, "It is meaningful to have our efforts recognized to systematically address the inconveniences felt by business owners during my experience at the tax office," adding, "I hope to continue developing services that can resolve practical issues in the field of tax and accounting."

Meanwhile, the Department of Accounting and Taxation at Gwangju University has been strengthening its problem-solving capabilities by combining the study of accounting and tax theory with practical experience connected to the industry. Recently, through participation in AI bootcamps, big data financial analysis, and AI-ERP courses, the department has been expanding AI-based practical skills such as database management, Python programming, and statistical analysis, enabling students to interpret tax and accounting issues in new ways.

This content was produced with the assistance of AI translation services.