SAP Korea and Naver Business Platform sign a strategic business alliance for public cloud collaboration to support the South Korean government’s transformation into an “intelligent government.” The collaboration aims to bring cloud based ERP solutions and Big Data platform services to drive a data-driven innovation culture in the country’s public sector.
According to a report, the main contents of the SAP Korea-Naver strategic agreement include:
- Support for the digital transformation of government and public institutions centering on the SAP S/4HANA & SAP HANA solutions on the Naver Cloud platform
- Provision of intelligent cloud based ERP solutions and big data analysis to help reinforce the government and public institutions’ digital competitiveness
- Technical support and certification to run SAP S/4HANA and HANA platforms within the Naver Cloud platform
- Customer experience pilot project for expanding private cloud in the public sector and building an open e-government cloud platform, and joint technology and performance verification programs operation
- Joint private, government, and academic network projects online and offline
- Establishment of integrated ERP systems
Won-ki Park, CEO of Naver Business Platform said that the alliance between Naver Business Platform and South Korea is expected to create positive synergy to expand private cloud based ERP solutions and accelerate the process of realizing a cloud based digital government for South Korea.
Seong-yeol Lee, CEO of SAP Korea, explains:
“SAP has accumulated experience and expertise in data analysis and utilization. Through this business agreement, we [will] support [the] government and public institutions with Naver to quickly and easily convert to private cloud. We will do our best to help build a digital government.”
Cloud based ERP Solutions for South Korea’s ‘New Deal’
The SAP Korea-Naver alliance will expand public cloud solutions in support of the government’s digital ‘New Deal’—a policy package budgeted at 20 trillion won ($16.8 billion), designed to boost South Korea’s economic activities in a post-COVID world through digital transformation. First announced in April, the economic stimulus package aims to keep the country’s economy afloat through digital and green innovation projects. It calls for a 160 trillion won investment by 2025 and the creation of 550,000 new jobs.
The digital ‘New Deal’ is also set to establish and operate an exclusive fund worth 400 billion won until 2024 to finance digital and tech startup companies in the country.
South Korea’s Deputy Prime Minister and Finance Minister Hong Nam-ki said of the ‘New Deal,’
“Full execution of the 4.8 trillion won fund from the third supplementary budget will be carried out in the second half of this year and some 20 trillion won will be set aside from next year’s budget plan for the Korean New Deal. To bring about swift and full effects of the budget, we will focus on executing the secured budget in the early stages and for new investments.”
About SAP
SAP is a German multinational software corporation that makes enterprise application software to manage business operations and customer relations. The company is considered a market leader in end-to-end application software and serves 440,000 customers in more than 180 countries.
SAP provides machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises.
About Naver Business Platform
The Naver Business Platform is a South Korean online platform operated by Naver Corporation. It debuted in 1999 as the first web portal in Korea that uses its own search engine. It was also the world’s first operator to introduce the comprehensive search feature, which compiles search results from various categories and presents them in a single page.
Naver’s search engine has approximately 42 million enrolled users. More than 25 million South Koreans have Naver as the start page on their default browser. Naver’s mobile application has 28 million daily visitors. Naver is also frequently referred to as ‘the Google of South Korea’.