Hanwha Life Insurance to support Korea's International Olympiad in Informatics team

Hanwha Life Insurance has signed a memorandum of understanding to support Korea’s national team competing at this year’s International Olympiad in Informatics (IOI), following the country’s first-ever clean sweep of four gold medals at the prestigious programming contest last year, the insurer said Friday.

The IOI is one of the annual International Science Olympiads that brings together the world’s top secondary school students in computer programming under the age of 20.

The competition spans two days, with contestants solving three algorithmic programming problems during a five-hour session each day.

Hanwha Life began sponsoring the national team last year as part of its efforts to nurture young talent in computer science amid growing demand for expertise in artificial intelligence (AI) and digital technologies.

With the insurer’s backing, the team’s training program expanded from primarily online instruction to intensive residential training camps.

The enhanced program coincided with a historic result at last year’s competition, where all four members of the Korean team ...