Korea Proptech Forum
Non-profit fostering Korea's real estate technology ecosystem.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | N/A | Seed | |
| Total Funding | 000k | ||
The Korea Proptech Forum is a non-profit organization established in November 2018 to cultivate and advance South Korea's property technology (proptech) ecosystem. Launched by an initial group of 26 companies, its membership has since expanded to over 300 firms, including technology startups, real estate developers, financial institutions, and academic bodies. The forum was founded to address the convergence of the traditionally conservative real estate sector with innovative technologies like big data, AI, VR, and blockchain, aiming to solve issues of information asymmetry and modernize the market.
The organization's primary objective is to create a collaborative environment where members can share technologies and experiences to drive mutual growth. It serves its members by organizing industry events, such as the annual Proptech Vision Conference, member meet-ups, and campus outreach programs to nurture talent. Through various committees, the forum discusses key industry issues and advocates for the sector, which has occasionally faced regulatory hurdles due to being classified under traditional real estate rather than technology. The forum's activities cover a wide range of proptech applications, including property marketing platforms, management solutions, shared services, construction technology, and data and valuation services.
As a non-profit entity, the Korea Proptech Forum does not have a traditional revenue model based on products or services. Instead, it operates through member contributions and collaborations to support the overall development of the proptech industry in Korea. The forum actively publishes research and reports, such as the 'Korea Proptech Startup Overview', to provide insights into market trends, investments, and employment within the sector. It also fosters international cooperation, connecting with similar organizations abroad to share knowledge and create opportunities for its members on a global scale. Keywords: proptech, real estate technology, South Korea, non-profit organization, industry association, real estate innovation, property technology, big data in real estate, real estate AI, real estate VR, blockchain real estate, shared economy, smart buildings, construction tech, contech, property management solutions, real estate data, proptech startups, industry collaboration, technology convergence