Im Youngbin's Contact Details

Im Youngbin's Company Details

XAI Land

, Seoul, South Korea • 7 Employees
Real Estate

MissionXAI Land's mission is to make real estate valuations transparent on a global scale by integrating a number of proprietary data sources and developing the best and most comprehensive Automated Valuation Models (AVMs).We aim to create products that help real estate professionals make better decisions and successfully complete projects more efficiently (cost and time). TeamIn addition to Ray, the team includes web/software developers, data scientists, and real estate professionals. The team is advised by a 13-year+ Korean commercial real estate veteran whose background is in asset management / investment / leasing / valuation / BD, a 5-year+ certified Korean appraiser, and a quant.Our StoryThe idea for this company was born from its' CEO's experience in selling Korean real estate as a big-data/GIS consultant and agent/broker. He has prepared consultant-level documentation to sell properties and has participated in discussions on both sides of the table in regards to the buyers and sellers sides. He quickly realized there had to be a more cost and time efficient way to facilitate the sale of Korean real estate, particularly commercial real estate. In his experience he has encountered two main problems that led him to the founding of this company:1. Appraisals for real estate are expensive/time intensive and neither the buyer or seller wants to pay for them;2. Investing time to create an authoritative report to entice buyers is not a wise investment as it may not prove fruitful given that brokers are typically only awarded success fees.