GS Retail announced on the 30th that it will pursue a distribution innovation collaboration project with promising startups.
Recently, GS Retail conducted validation tests to apply specialized technologies held by six startups, including Studio Lab, Tilda, OA Business, YesPlzAI, VESSL AI, and Raon Data, through the second phase of its open innovation program "The GS Challenge Future Retail" over the past four months.
On the 28th, GS Retail held a performance sharing meeting at the GS Tower in Yeoksam-dong, Gangnam, where CEO Heo Seo-hong and others were present to disclose project outcomes, including the automatic creation of commerce detail pages in collaboration with Studio Lab and logistics efficiency activities pursued with Tilda.
GS Retail will actively push forward collaboration projects with these startups and plans to select the third batch of startups for "The GS Challenge Future Retail" in the second half of the year.
Lee Seong-hwa, head of the new business division at GS Retail, noted, "GS Retail aims to support the growth of startups through the open innovation program while continuously leading innovation in the distribution business."