Pobicon Wins Grand Prize at Seongnam 'Challenge! S-Startup'

Time Revolution on Construction Sites: AI 'AutoJeoksan' Cuts 10-Hour Tasks to 20 Minutes! FOBICON Honored with Grand Prize at Seongnam Startup Competition FOBICON Co., Ltd., which introduced 'AutoJeoksan', an AI-based automated construction quantity surveying service that innovatively shortens existing 10-hour construction quantity surveying tasks to just 20 minutes, recently received the Grand Prize, the highest honor, at the 'Seongnam Startup Competition (Challenge! S-Startup)' hosted by the Seongnam Industry Promotion Agency, simultaneously gaining recognition for its technology and market potential. This competition, which focuses on discovering and supporting convergence projects based on cutting-edge innovative technologies such as AI, big data, and IoT, is an important venue for nurturing startups that will lead the future. It highlights companies driving technological innovation in various sectors across society, including transportation, education, health and medical care, culture and shopping, industry and jobs, and energy and resources, thereby enhancing their value. Despite being a nascent ConTech startup established in January 2024, FOBICON Co., Ltd. is growing at an astonishing pace and garnering industry attention. It has established itself as a promising resident company in the Pangyo Startup Zone, founded by the Ministry of SMEs and Startups and operated by the Korea Institute of Startup & Entrepreneurship Development (KISED) and Gyeonggi Center for Creative Economy & Innovation. This year, it was successively selected for the 17th batch of the Credit Guarantee Fund's 'Startup Nest' and the Ministry of SMEs and Startups' technology startup support program 'TIPS', officially recognizing its unique technological prowess and immense growth potential. 'AutoJeoksan', developed by FOBICON Co., Ltd., combines Vision AI and a proprietary algorithm to dramatically improve construction drawing analysis and quantity surveying tasks. This solution, which completes complex processes that previously took over 10 hours by manual labor in just 20 minutes, has already demonstrated its practical applicability and outstanding technological capability through successful collaborations with leading large construction companies in Korea. It is evaluated as leading a true digital transformation by resolving inefficiencies on construction sites, maximizing work productivity, and enhancing the reliability and scalability of the service. Song Joong-seok, CEO of FOBICON Co., Ltd., expressed his thoughts on the award, stating, "This is a very meaningful outcome, acknowledging both the innovative market potential of the 'AutoJeoksan' service and FOBICON's unique technological prowess simultaneously." He added, "We will continue to strengthen strategic collaborations with various construction companies to accelerate the digital transformation across the construction industry and establish ourselves as a key player leading the future construction market."