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ORS GROUP signs MoU with South Korean telecom operator to cooperate on Artificial Intelligence applications

Milan – May 1: ORS GROUP, the international Artificial Intelligence leader in software solutions, has today announced its Memorandum of Understanding with Sejong Telecom, a South Korean enterprise that provides telecommunications services.

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The companies will work together to develop innovative solutions in Big Data, Artificial Intelligence and Blockchain for various industries in South Korea, especially the telecommunications sector.

ORS is a leading global supplier of cross-industry A.I. software solutions for optimizing and automating business processes. Their large international client base includes Fortune 2000 enterprises and spans industries like retail, energy, finance, telecom and manufacturing. For over 20 years the company has delivered sophisticated software using proprietary Artificial Intelligence, Machine Learning and Big Data Analytics algorithms, saving their clients over US$1 billion yearly.

Sejong Telecom’s services include domestic and international calling, wireless internet, internet data services, voice over internet protocol (VoIP), among others.

A “Steering Group” will manage the partnership between the two companies, which will consist of high level executives from each company and a handful of representatives to cover emerging areas of interest.  

Fabio Zoffi, Executive Chairman and President of ORS GROUP said he is very pleased with the collaboration as “Korea is a great market for tech innovation and both ORS GROUP and myself have a consolidated experience in the telecommunications sector.” He added, “Our Korean partner is an innovator and thus timely understood that A.I. and Blockchain can deliver terrific value to their business.”

Hyungjin Kim, Chairman of Sejong Telecom said, “We have a plan to make an advanced ‘Digital Asset Exchange Platform’ that aims to secure and increase the value of customer asset based on decentralised and transparent Blockchain solution. We expect ORS GROUP to help us to take a step forward and open a new era of digital innovation in this industry with their innovative technology and resources.”

About ORS GROUP

Founded in Italy, now with global operations, the ORS GROUP is a software company with over 20 years of experience in delivering sophisticated A.I.-based optimization software solutions to a large international client base (www.ors.ai).

Their new product, the Hypersmart Contracts (“HSC”), aims to provide access to more than 1,000 proprietary algorithms and hundreds of software solutions to the Crypto Community and to established businesses (www.orsgroup.io). At ORS, we envision a planetary network of entrepreneurs and independent companies empowered by the new digital alphabet: ABC – Artificial Intelligence, Blockchain, Cryptocurrency.

About Sejong Telecom

Sejong Telecom, Inc. provides telecommunications services in South Korea. It offers leased line, Internet leased line, and Internet data center services based on the optical networks. The company was formerly known as Enterprise Networks and changed its name to Sejong Telecom, Inc. in 2007. Sejong Telecom, Inc. was founded in 1996 and is headquartered in Seoul, South Korea. (https://www.sejongtelecom.net)

Image(s): Shutterstock.com

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