FiscalNote Announces Partnership With Korea’s Ministry of Foreign Affairs to Provide AI-Powered Policy and Data Intelligence, Legislative and Regulatory Monitoring, and Global Issues Management
20 Julho 2023 - 11:17AM
Business Wire
Collaboration Is First-Ever Between Ministry
of Foreign Affairs and a Commercial Provider of Policy, Regulatory,
and Legal Intelligence
CEO Tim Hwang and Foreign Affairs Minister
Jin Park Sign Memorandum of Understanding at Official Ceremony in
Seoul
FiscalNote Holdings, Inc. (NYSE: NOTE), a leading AI-driven
enterprise SaaS technology provider of global policy and market
intelligence, today announced its continued global public sector
growth and expansion by entering into a landmark agreement with the
Republic of Korea’s Ministry of Foreign Affairs.
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FiscalNote CEO Tim Hwang (L) and Korea's
Minister of Foreign Affairs Jin Park (R) sign an agreement in Seoul
to collaborate on the use of FiscalNote’s proprietary data sets and
enhanced AI capabilities to assist the Korean government in
responding to rapidly changing international dynamics and
associated domestic policymaking needs (Photo Credit: Korea
Ministry of Foreign Affairs)
The partnership — the first of its kind between Korea’s Ministry
of Foreign Affairs and a commercial provider of regulatory, legal,
and policy data and information — outlines a framework for
collaboration between FiscalNote and the Ministry on the use of
FiscalNote’s proprietary data sets and enhanced AI capabilities to
assist the Ministry in responding to rapidly changing international
dynamics and associated domestic policymaking needs.
In December 2022, FiscalNote entered into a similar agreement
with Korea’s National Assembly — also the first of its kind between
the institution and a commercial provider of legal, policy, and
regulatory information.
Tim Hwang, FiscalNote’s Chairman, CEO, and Co-founder — 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 Korean
Minister of Foreign Affairs, Jin Park.
“We are honored and excited to grow our public sector
partnership with the Government of Korea to now include the
Ministry of Foreign Affairs, and to work closely with the
institution and its members to help them navigate the complexities
of global policymaking,” said Hwang. “Since we entered into a
similar agreement with Korea’s National Assembly, the challenges of
managing policy and regulatory risk, compliance, and tracking have
only accelerated. We look forward to serving as an essential
partner to the Ministry and help accomplish their diplomatic
objectives by leveraging FiscalNote’s world-class AI-driven
portfolio of products and solutions. This landmark collaboration
further strengthens our mission to serve and deliver results for
the most important decision makers in governments around the world.
Today’s agreement is especially meaningful to me personally as a
Korean-American, and as someone who feels a strong kinship with
Korean business, culture, and Korea’s critical role in global
diplomacy, security, and the marketplace.”
Jin Park, Korea’s Minister of Foreign Affairs, said: “It is
important to combine science and technology with diplomacy, and
necessary to explore how diplomacy can be improved through this
trend in an era where AI and diverse industries are connected. In
this regard, the signing of an agreement with FiscalNote, which
integrates artificial intelligence into legal analysis, is
significant. Through this opportunity, FiscalNote's expertise in
legislative analysis and the Ministry of Foreign Affairs' work
experience and know-how will create synergy. I look forward to
FiscalNote and the Ministry working together to identify
legislative trends, bills, and regulations in major countries.”
Today’s announcement marks yet another milestone for
FiscalNote’s expanding global public sector business, which
includes diplomatic entities and embassies, agencies for
international cooperation and defense, parliaments and councils,
government-owned or funded finance and banking institutions, and
various prominent ministries and cabinet offices in capitals around
the world. These customers benefit from a range of FiscalNote
AI-focused technology investments and relationships, as well as its
decade-long investment in legal domain-specific models, enhanced
accuracy and relevancy, aggregated legislative and regulatory data,
and its market leadership in the application of AI in the legal and
regulatory space.
FiscalNote is a natural partner for public and private sector
entities in Korea, given the company’s growing presence in the
market. In addition to being its largest location outside the U.S.,
Seoul serves as the headquarters for FiscalNote’s industry-leading
Aicel and Datahunt AI-powered products, which empower customers
with actionable insights based on rapidly changing information by
applying AI to a broad set of unstructured data — resulting in a
unique, differentiated, and dynamic set of solutions.
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, FrontierView,
Oxford Analytica, VoterVoice, and many other industry-leading
brands, FiscalNote serves approximately 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/20230720778772/en/
Media Nicholas Graham FiscalNote press@fiscalnote.com
Investor Relations Sara Buda FiscalNote IR@fiscalnote.com
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