11th Real Estate Industry Day... AI and Data Open the Way to Future Housing Innovation

Recognizing Contributions to Innovation in the Real Estate Industry
Discussing Directions for Innovation in AI- and Data-Driven
Real Estate Services

The Ministry of Land, Infrastructure and Transport said it would hold a ceremony marking the 11th Real Estate Industry Day on the morning of November 11 at the Construction Hall in Seoul.

The Ministry of Land, Infrastructure and Transport said it will hold a ceremony marking the 11th Real Estate Industry Day at the Seoul Construction Hall on the morning of the 11th. The Ministry of Land, Infrastructure and Transport.

The ceremony was organized under the slogan, "New Value, Real Estate for All... Opening the Future Through Change and Innovation." It brings together real estate industry businesses, the government, and nine related associations to announce a vision of "Building Public Trust Together." It is hosted by the Korea Federation of Real Estate Economic Organizations and organized by the Korea Association of Realtors.

More than 600 people from industry, academia, and research organizations related to the real estate sector are expected to attend, including Shin Yoongeun, Director General for Land Policy at the Ministry of Land, Infrastructure and Transport, and the head of the Korea Federation of Real Estate Economic Organizations.

At the event, 35 people will receive commendations from the Minister of Land, Infrastructure and Transport for their contributions to the development of the real estate industry in various fields, including housing stability for the public and technological innovation in real estate services.

Lee Gukhyeong, CEO of Korea Investment Real Estate Trust, was recognized for advancing publicly supported private rental housing REIT projects using REITs and private capital, thereby contributing to housing stability and expanding the supply of private rental housing. Jo Hyunho, CEO of Hanwha 63 City, was recognized for helping establish a site-centered safety culture by introducing an information and communications technology (ICT)-based intelligent safety management system to proactively prevent serious accidents, and by operating a workplace certified under a safety and partnership program.

The event will also feature a space promoting real estate services that use artificial intelligence (AI) and big data, organized in collaboration between the Korea Federation of Real Estate Economic Organizations and proptech startups.

In the afternoon, a seminar will be held under the theme "40 Years of the Real Estate Industry: From Analog to AI - Achievements and Challenges of the Digital Transformation." At a roundtable, experts including Lee Sangyoung, a professor at Myongji University, are scheduled to offer policy recommendations and discuss "How AI and Data Are Changing the Real Estate Services Industry."

Shin Yoongeun, Director General for Land Policy at the Ministry of Land, Infrastructure and Transport, encouraged those in the industry who have helped build the foundations of people's lives and protected the real estate sector amid rapidly changing conditions. He urged them to "prepare for the future through bold change and innovation to create a stable housing environment that people can experience firsthand."

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