Reform Party Holds Awards for "Find 50 Trillion Won in Public Funds" Hackathon, Uncovers 158.7 Billion Won in Suspected Discrepancies

Emergency Committee Chair Lee Ki-in: "We will follow up"

The Reform Party has launched the "Project to Find 50 Trillion Won in Government Funds," using artificial intelligence (AI) to analyze public procurement contracts on the Public Procurement Service's KONEPS. The party disclosed the amount suspected of being wasted and presented awards to outstanding participants based on the findings.

The awards ceremony for the Reform Party's "Project to Find 50 Trillion Won in Government Funds" hackathon, held in an online virtual plaza on the 9th. Courtesy of the Reform Party.

The Reform Party held the online awards ceremony for the Project to Find 50 Trillion Won in Government Funds hackathon on November 9, announcing suspected price discrepancies totaling approximately 158.7 billion won identified by participants, as well as 63 award winners.

The grand prize went to Kim Hyunwoo, 25, who used a tool connecting AI with external data to compare prices of items such as LED monitors and identify suspected price discrepancies totaling 33.49357 billion won. Kim received 2,282,000 won in prize money.

The ceremony was held in an online virtual plaza with the aim of bringing the National Assembly before participants. As a participatory event, it was organized with the goal of distributing prize money based on the contributions participants made through their findings.

"People do their best to save even a little, so shouldn't the administration, which spends public money, be just as meticulous?" said Lee Giin, chair of the emergency committee. "I will follow up to ensure your proposals lead to actual improvements."

"When knowledge and experience meet new tools, there is much more we can do," party leader Lee Junseok said. "Thanks to you, we can discuss the use of AI and public data through concrete examples."

The hackathon ran from October 12 to 25. A total of 1,169 people took part during that period, submitting 9,097 entries. The Reform Party then verified the reported price discrepancies, calculated them conservatively, and announced the final amount.

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