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Namdo Market selected for 2026 Scale-up TIPS program, securing USD 1.5M in R&D funding over three years to develop wholesale-market AI agent.

Nov 06, 2026
E Commerce

Description

Namdo Market, an AI-based wholesale and retail operating system company, has been selected for the 2026 Scale-up TIPS program run by South Korea's Ministry of SMEs and Startups. The company will receive approximately USD 1.5 million (2 billion won) in research and development funding over three years to build a wholesale-market-specific AI Live multi-agent. The AI agent is designed to understand trading conversations, generate order sheets, and automatically connect POS, inventory, and settlement systems. Namdo Market operates commerce platforms serving the Namdaemun and Dongdaemun wholesale markets, processing approximately USD 61 million in transactions monthly.

Company Information

Company

Namdo Market

About

Namdo Market is a startup focused on creating a digital operating system specifically designed for Korea's traditional wholesale markets. The company operates a suite of interconnected systems, including a wholesale commerce platform and settlement automation system, aimed at enhancing efficiency in market operations. With a significant market share and projected growth, Namdo Market is also expanding its services globally, including AI applications and fintech solutions. The company's mission is to transform traditional wholesale markets and establish itself as a leader in operational innovation.

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