World Smart City Expo 2022 Closes Successfully Attracting Global Interest in K-Smart City
20.9.2022 15:00:00 EEST | Business Wire | Press release
World Smart City Expo 2022, held in KINTEX, South Korea, from August 31 to September 2, concluded with great success, marking the record high business deals sealed and number of visitors.
Despite the pandemic, it recorded the highest number of visitors ever of 30,327 which reflected the public's keen interest and enthusiasm for smart cities.
A total of 301 institutions from around the world participated and 1,548 booths were set up in the exhibition hall. During the event, foreign buyers representing 61 institutions in 21 countries, including the Netherlands, Mongolia, and Saudi Arabia, as well as procurement managers from 43 companies took part in over 150 business meetings worth KRW 318.8 billion (USD 229 million).
As a result, KRW 117.8 billion (USD 84.7 million) in deals that included the export contracts for outstanding smart city solutions such as street light wireless management solutions and vehicle operation management platforms developed by domestic small and medium-sized enterprises were made. This record high amount is 9.4% higher than KRW 107.7 billion (USD 77.4 million) achieved at World Smart City Expo 2019.
During the opening ceremony, Lee Wonjae, 1st Vice Minister of Land, Infrastructure and Transport said, “Korea has implemented 33 smart cities in 21 countries through the K-city network cooperation project to share our smart city development experience with the world. Smart City can be a very effective solution to urban problems in developing countries, hence advanced countries, including Korea, need to strengthen international cooperation to share smart city development experiences and technologies with developing countries.”
The Ministry of Land, Infrastructure and Transport of South Korea is promoting the 'Smart Challenge', which supports local governments to lead the spread of smart cities and smart city projects. 21 local governments including Incheon, Daejeon, and Busan that participated in the Smart Challenge were showcased at this expo. Smart solutions such as ‘smart home’ developed by domestic and overseas smart city companies, UAM city air service, water-friendly information smart water purification plant, and urban water disaster response system were presented.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220922005020/en/
Contact information
For World Smart City Expo 2022
PR House Co., Ltd.
Celine Yang
+82 70 4278 1935
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
HTEC and Motion Applied: Collaboration Built on Performance, Precision, and Innovation20.5.2026 15:18:00 EEST | Press release
HTEC, a global AI-first engineering and digital product development company, and Motion Applied are expanding their collaboration following a successful track record in developing advanced solutions across multiple industries. Motion Applied delivers engineering and technology solutions in motorsport, electrification and transportation, bringing 35 years of top-tier motorsport heritage and race-honed engineering excellence to the development of high-performance systems and their application beyond the track. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260520285726/en/ HTEC, a global AI-first engineering and digital product development company, and Motion Applied are expanding their collaboration following a successful track record in developing advanced solutions for the motorsport and transportation industry. The two companies have worked closely on complex engineering initiatives, contributing to the advancement of high
TreviPay Research Tracks the Evolution of B2B Buyer Expectations as AI Reshapes the Purchasing Process20.5.2026 15:00:00 EEST | Press release
New research from TreviPay, a global B2B payments infrastructure partner, found 88% of B2B buyers report high loyalty to their suppliers, consistent with TreviPay’s 2023 research. In 2026, buyers now place greater decision power on how efficiently and consistently suppliers deliver across the purchasing, payment and invoicing experience, meaning their loyalty is dependent on how well a supplier can execute. TreviPay’s latest report, The Evolution of the B2B Buyer, builds on the company’s 2023 B2B buyer research and examines how expectations have evolved across payments, onboarding, invoice terms, automation and supplier relationships. Key findings include: AI integration and digital maturity are reshaping purchasing. Seventy-three percent of buyers now use AI in purchasing workflows, showing automation has moved from exploration into everyday decision-making. Demand for financial terms has reached a tipping point. The likelihood of choosing a supplier that offers invoice terms increase
Ennov Announces Strategic Growth Investment from Bregal Sagemount and Ardian20.5.2026 15:00:00 EEST | Press release
Ennov (the “Company”), a global provider of end-to-end regulatory, quality, and clinical software solutions for life sciences and healthcare companies, today announced a strategic growth investment led by Bregal Sagemount (“Sagemount”), a leading growth-focused private equity firm, with participation from Ardian, a global private investment firm. The investment will support the Company’s continued expansion, with a focus on AI innovation, global go-to-market acceleration, and scaling its product offering. Founded and headquartered in Paris, Ennov provides a unified compliance platform that serves as a centralized system of record for global life sciences organizations. The platform supports the management of content and data across key domains, including Regulatory, Quality, Commercial, Clinical, and Pharmacovigilance. Its integrated architecture and unified data model enable faster deployment, improved user adoption, consistent compliance, and AI-driven efficiency across global operat
Thales Announces Strategic Partnership with Google Cloud to Launch a New Sovereign Cloud in Germany20.5.2026 14:54:00 EEST | Press release
Thales, a global leader in high technologies, today announced a strategic partnership with Google Cloud to establish a new sovereign cloud solution in Germany. Building on the success of S3NS, Thales’ trusted cloud subsidiary in France, and operator of its first European sovereign cloud region, this agreement marks a decisive step in meeting the German market's demand for sovereign solutions that shield sensitive data from extraterritorial laws. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260520279285/en/ The wholly-owned subsidiary of Thales in Germany offers an independent cloud solution based on Google Cloud technology. © Thales/Google Cloud Thales will launch a new German entity, legally and operationally independent from Google Cloud, that will be staffed and managed by local German personnel, ensuring that no third party, including non-European entities, can access the data stored or processed within it. “Germany re
Klarna launches AI-powered Shopping Search app in ChatGPT20.5.2026 14:30:00 EEST | Press release
Klarna, the global digital bank and flexible payments provider, today launched the Klarna Shopping Search app in ChatGPT, bringing real-time product discovery directly into the conversation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260520024278/en/ The Klarna Shopping Search app is live in ChatGPT The launch comes as AI-powered product search reshapes online retail: during the 2025 holiday season, traffic from AI platforms to retail sites grew nearly 700%, with those shoppers converting at 31% higher rates. Until now, consumers asking AI models for shopping help have had to open new browser tabs, navigate competing sites, and reconcile outdated prices. With the Klarna Shopping Search app in ChatGPT, they simply describe what they're looking for and instantly see visual results with up-to-date prices, availability, and offers from multiple merchants, all within the same conversation. The Klarna Shopping Search app then
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom