Newai Co., Ltd. (CEO Dong-Hyeon Kim), which operates the AI tax solution 'TAX AI', announced on the 14th that it has signed a strategic business partnership with KB Financial Group's real estate platform 'KB Real Estate' and will provide AI-based real estate tax analysis services.
Through this partnership, TaxiEye will introduce a "Real Estate Expected Tax Refund Analysis Service" to KB Real Estate customers. This service utilizes TaxiEye's extensive collection of over 9.3 million tax algorithms and public data, comparing and analyzing previously reported real estate tax records with the optimal tax amount calculated by AI in real time. This service then provides information on potential additional tax reductions and an estimated tax refund.
Additionally, the previously paid capital gains tax and inheritance tax simulation features are now available free of charge to KB Real Estate customers. This feature is designed to aid in mid- to long-term asset planning by visualizing not only current tax estimates but also annual tax changes over the next 10 years in a graph format.
Newi Co., Ltd., which operates Taxi, won the grand prize at the 2024 Real Estate Service Industry Startup Competition hosted by the Ministry of Land, Infrastructure and Transport, demonstrating its technological prowess and commercial viability. Newi has also been selected for support from the Ministry of SMEs and Startups, as a visiting company for the Youth Intern Career On program of the Office for Government Policy Coordination, as a leading company in Busan, and as a KB Starters company. It is currently a member of the Korea Proptech Forum and is building an information security system utilizing ISO 27001 information security certification and an AWS RDS-based security architecture.
This collaboration will utilize TaxiEye's patented "Real Estate Tax Service Provision Method and Device." This technology compares real-time real estate tax information reported to the National Tax Service with tax amounts analyzed by an AI algorithm based on public data, thereby identifying potential additional tax savings and projected refund amounts.
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