Gongsaero, AI Construction Procurement SaaS, Surpasses ₩5 Billion in Cumulative Transaction Value

**Gongsaero, a leader in digital innovation for construction sites, achieves cumulative transaction value exceeding KRW 5 billion** Gongsaero, a construction site procurement solution company, has surpassed KRW 5 billion in cumulative transaction value just three and a half years after its establishment, bringing a fresh wave to the industry. This achievement demonstrates Gongsaero's unique technological prowess and market potential in solving the chronic inefficiencies of the construction industry and accelerating its digital transformation. Gongsaero provides a platform that innovatively digitizes the complex, multi-stage procurement process at construction sites using artificial intelligence (AI) and big data technology. By building an integrated system capable of one-stop processing for the entire process, from ordering and bidding to contracting and settlement, it significantly reduces the workload on site and contributes to increasing transparency. These innovative solutions have already proven their effectiveness. Introduced across all sites of leading domestic medium and large construction companies such as POSCO E&C, Samho Development, and Daehyun Engineering, they have achieved over 30% cost savings and a significant reduction in work processes. This is evaluated as a successful case that has elevated the productivity and efficiency of construction sites to a new level. Nam Garam, CEO of Gongsaero, stated, "Surpassing KRW 5 billion in cumulative transaction value is a result that demonstrates the market's strong anticipation for digital innovation in construction sites," adding, "We will continue to drive sustained growth as a technology-based platform that simultaneously enhances both efficiency and safety on site." Gongsaero is establishing a stable growth foundation by building diverse revenue models through field-customized item sourcing, private brand (PB) product development, in-store commerce operations, and advertising businesses. Particularly, its simultaneous selection in 2024 for the Ministry of Land, Infrastructure and Transport's 'Smart Construction Strong Small and Medium-sized Enterprises' and 'Smart Construction Alliance' solidifies Gongsaero's position as a key player in technology development and ecosystem creation in the smart safety and big data platform sectors. This is why explosive growth is expected in the future, aligning with the government's smart construction industry nurturing policies. Furthermore, Gongsaero is preparing for yet another leap, announcing the launch of its 'Asset Management' feature this April, which will maximize efficiency and productivity through the recycling of idle assets at construction sites and data synchronization with existing asset management ERPs. Gongsaero's trajectory is expected to become an important milestone in reshaping the future of the construction industry.