From Excel to AI: L&DC transforms property development planning

Proptech, a portmanteau of property and technology, refers to technologies and services that leverage IT to enhance efficiency and create new value in the real estate industry. To apply this concept, Lee Doek-heang, also known as Henry Lee and the founder and CEO of L&DC, has focused on one of the most repetitive and labor-intensive areas in the industry: feasibility analysis for real estate development projects. Traditionally, this process required analysts to manually compare dozens of Excel files to evaluate each potential development site. Reviewing around 20 candidate sites in the Seoul metropolitan area could take one to two days per site, resulting in several weeks of work for a full review. The manual nature of the process not only made it time-consuming but also prone to human error and forcing teams to start over when mistakes occurred. Such inefficiencies can lead to missed investment opportunities or decisions based on incomplete or inaccurate information. To address these inefficiencies, L&DC developed the LanDup platform, which was officially launched in July last year. By sWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times