Seoul AI startup secures prized gateway to US market via New York program

A Seoul-based AI startup has joined a prestigious New York City commercialization program, opening a rare doorway to test its products with American companies and court global investors. NextPayments was the only Korean company among 14 startups selected for NYC AI Nexus, a program organized by the New York City Economic Development Corp., from more than 200 applicants worldwide, the Seoul Metropolitan Government said Tuesday. Beginning in November, NextPayments plans to conduct pilot projects with local companies, focusing on retail and food service, to test its technology and assess demand in the U.S. market. The company develops AI platforms that integrate data from offline businesses, including orders, payments, products, staffing, logistics and customer behavior, into a unified system. Through the yearlong program, selected startups receive local office space, strategic advice, introductions to potential business partners, help with proof-of-concept projects, expert consultations and assistance in attracting investment. The New York City Economic Development Corp. plans to select as