FiscalNote Announces Landmark Collaboration With National Assembly of the Republic of Korea to Provide AI-Powered Policy Intelligence, Legislative and Regulatory Tracking, and Issues Management
December 21 2022 - 11:48AM
Business Wire
Partnership is the First Ever Between
National Assembly of Korea and a Commercial Provider of Policy
& Regulatory Intelligence
National Assembly Secretary General Lee
Kwang Jae and FiscalNote’s Tim Hwang Formalize Memorandum of
Understanding at Official Signing Ceremony in Seoul
FiscalNote Holdings, Inc. (NYSE: NOTE) (“FiscalNote”), a leading
AI-driven enterprise SaaS technology provider of global policy and
market intelligence, today announced a milestone collaboration with
the National Assembly of Korea in Seoul.
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The Secretary General of the National
Assembly of Korea, Lee Kwang Jae (L), and FiscalNote Chairman &
CEO Tim Hwang (R) announce a landmark partnership between the
Assembly and FiscalNote to collaborate on AI-powered policy
intelligence, legislative and regulatory tracking, and issues
management at a signing ceremony in Seoul on Wednesday, December
21, 2022. (Photo: Business Wire)
Pursuant to the partnership - the first of its kind between the
National Assembly and a commercial provider — FiscalNote and the
National Assembly will collaborate on the exchange of information
and trends related to global and domestic policy and legislation,
enhanced by AI-powered analysis, as well as explore measures to
develop big data and AI industries.
Tim Hwang, FiscalNote’s Chairman, CEO, and Cofounder - a
second-generation Korean American and the youngest Asian American
CEO/Co-founder on New York Stock Exchange - attended the official
signing of the Memorandum of Understanding in Seoul with the
Secretary General of the National Assembly Secretariat, Lee Kwang
Jae.
“As a Korean American - and as the youngest Asian American CEO
& Cofounder on the New York Stock Exchange — it is a great
honor to work with the Korean National Assembly to provide this
esteemed institution, its staff, and its members with policy
monitoring and issue tracking services that will enhance its
effectiveness, knowledge, and ability to govern in a policymaking
environment which is increasingly complex, fast-moving, and
impactful,” said FiscalNote’s Hwang. “This landmark,
first-of-its-kind partnership in Korea demonstrates how FiscalNote
serves as an essential partner to the world’s most important
decision-makers, especially those in the public sector, whose
institutions and democratic assemblies and parliaments rely on our
AI-enabled products and services to deliver critical policy and
regulatory information, tracking, updates, and news through our
award-winning SaaS platforms.”
“In the global era, we need to create a system that allows us to
see trends in overseas legislation affecting Korea at a glance,
such as the U.S.’s Inflation Reduction Act (IRA),” said the
National Assembly’s Lee Kwang Jae. “I hope this Memorandum of
Understanding will be the first step toward becoming a global
National Assembly that addresses foreign information.”
Public sector entities and parliamentary institutions around the
world have turned to FiscalNote to provide policy management and
issues tracking, AI- and data-driven insights and advisory
services, and geopolitical and market intelligence — including the
European Parliament, the U.S. Congress, and the Executive Office of
the U.S. President, among many others — to help ensure government
stakeholders and decisionmakers never miss an essential inflection
point in policy developments.
Today’s announcement follows FiscalNote’s other recent
agreements, acquisitions, and partnerships in Korea, reinforcing
its expanding presence and momentum in this market. On August 25,
2022, the company unveiled a groundbreaking new partnership with
Shinhan Card — Korea’s largest credit card company and consumer
finance leader — to leverage FiscalNote’s alternative data, AI, and
ESG Solutions offerings to provide customers with unique data sets
to drive actionable results and power business decisions and
outcomes. On August 1, 2022, the company announced the completion
of its acquisition of Aicel Technologies, a rapidly-growing
alternative data company based in Seoul which provides proprietary
alpha-capturing datasets and extracts unique value and actionable
insights to drive critical and timely business solutions for global
financial markets. The combination of Aicel and the company’s
existing Datahunt offering has now established FiscalNote’s Seoul
office as its largest in the world outside the U.S., as well as its
key tech hub and gateway to pursue further opportunities in the
APAC region.
About FiscalNote
FiscalNote (NYSE: NOTE) is a leading technology provider of
global policy and market intelligence. By uniquely combining AI
technology, actionable data, and expert and peer insights,
FiscalNote empowers customers to manage policy, address regulatory
developments, and mitigate global risk. Since 2013, FiscalNote has
pioneered technology that delivers mission-critical insights and
the tools to turn them into action. Home to CQ, Equilibrium,
FrontierView, Oxford Analytica, VoterVoice, and many other
industry-leading brands, FiscalNote serves more than 5,000
customers worldwide with global offices in North America, Europe,
Asia, and Australia. To learn more about FiscalNote and its family
of brands, visit FiscalNote.com and follow @FiscalNote.
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version on businesswire.com: https://www.businesswire.com/news/home/20221221005458/en/
Media Nicholas Graham FiscalNote press@fiscalnote.com Investor
Relations Sara Buda FiscalNote IR@fiscalnote.com
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