CODIT Receives Seoul Mayor's Award at Korea Digital Innovation Festa

 "We are revolutionizing corporate risk management and redefining regulatory monitoring."said CEO Chung

CODIT, a pioneering regulatory technology (regtech) company led by CEO Chung Ji-eun, has been honored with the Seoul Mayor's Award at the 8th Korea Digital Innovation Festa. Presented by Seoul Mayor Oh Se-hoon, this prestigious accolade recognizes CODIT's originality and innovation in delivering a cutting-edge legal, regulatory, and policy monitoring platform that empowers businesses to navigate the complexities of regulatory compliance.

The Digital Innovation Awards, hosted by the Ministry of Science and ICT and organized by the Korea Software Industry Association (KOSA), recognizes innovative companies driving the digital economy and enhancing national competitiveness. Now in its 8th year, the awards highlight businesses with leading-edge technologies.

CODIT's platform harnesses the power of artificial intelligence and big data analytics to provide businesses with tailored insights from National Assembly proceedings and government policy data. By automating the collection and analysis of legal, regulatory, and policy information across various ministries, CODIT enables rapid identification of regulatory trends, facilitating effective risk management. Features like real-time alerts and multilingual translation services further enhance operational efficiency and global compliance.

A significant factor contributing to CODIT's recognition was its recent development of a generative AI solution utilizing a Retrieval-Augmented Generation (RAG) model. This innovative approach exemplifies CODIT's commitment to integrating advanced AI technologies into its platform, offering more intelligent and proactive regulatory management solutions.

Expressing her gratitude, CEO Chung Ji-eun stated, "Receiving the Seoul Mayor's Award from Mayor Oh Se-hoon is a tremendous honor. By integrating IT technology with policy monitoring, CODIT is pioneering the B2B SaaS market for regulatory solutions. This award is a testament to our relentless pursuit of innovation and excellence in regulatory management technology. We remain dedicated to enhancing our platform to promote a sustainable and compliant business environment."

Building on its domestic success, CODIT has recently launched CODIT Japan, marking its entry into the Japanese market. The company also has ambitious plans to expand into the U.S. and EU regtech markets, aiming to meet the growing global demand for sophisticated regulatory management solutions.

Looking ahead, Chung shared, “We will soon introduce our generative AI-based regulatory management solution to help companies reduce compliance costs and actively support businesses in meeting regulatory requirements for global expansion. Our vision is to be a global catalyst for efficient regulatory compliance, enabling companies to focus on growth and innovation.”

Source: https://n.news.naver.com/mnews/article/092/0002348241?sid=105 

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