KTH announced that its API Store (www.apistore.co.kr) is holding a customer appreciation event to celebrate its 5th anniversary, offering prizes such as MacBooks and PS4s.

The API Store is Korea's first API distribution platform that not only distributes APIs but also allows for the easy and convenient development, buying, and selling of databases and content in API form without the need for a separate system or server.

In 2013, KTH pioneered the domestic API distribution market, which was a barren land for business unlike overseas markets where API distribution was active, and has been working to develop and revitalize the industry. As a result, the number of corporate customers registered with the API Store has increased more than fivefold since the beginning of the business to over 3,500, and the company is showing continuous growth, recording annual revenue that increased by approximately 650% in 2016 compared to 2013.

In particular, while the annual volume of transactions was 200 million at the beginning of the API store business, the annual volume reached 19.5 billion as of 2016, and currently, the Map API, one of the popular APIs in the API store, generates over 100 million transactions per month.

The API Store focuses on distributing communication APIs such as messages, social media, and messengers, as well as map APIs. In addition, it provides approximately 3,000 private and public APIs through a business agreement with the Korea Data Agency (Kdata) since the beginning of the business, including information search APIs, portal and economic/financial APIs such as Naver, and public data APIs.

Lee Jong-min, Head of the ICT Business Division at KTH, said, “As a leading operator driving the domestic API distribution market, API Store is striving to further expand its business by continuously launching new APIs in the first half of this year, including 080 text message blocking APIs, customized route search APIs for different modes of transportation, and pedestrian route finding APIs.” He added, “In the future, we plan to proceed with the overseas API distribution business through partnerships with overseas API distribution platform companies.”

KTH’s API Store is holding the ‘Find the Best Developer!’ event to express gratitude to its client companies in celebration of its 5th anniversary. If you submit screenshots of screens developed using APIs available in the API Store and reviews of your development to the API Store Customer Center (apistore.help@kt.com), prizes such as MacBooks, Sony PS4s, and Kakao portable power banks will be awarded following a review. Participation is open until 5:00 PM on July 24.