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Finance

Finda partners with Gwanak SME venture promotion agency to support startup financial management

Finda will work with the Gwanak Small and Medium Venture Promotion Agency to support financial management for startups based in Gwanak S Valley. The two sides signed an MOU to improve financial and operational management efficiency and build a digital decision-making environment. They plan to cooperate on financial management support, data-driven management practices, joint education and networking programs, and online and offline promotion.

AI & Enterprise

Ontology emerges as core AI technology, not DB or LLM

Ontology is increasingly discussed in the AI industry as a way to overcome limits of generative AI, with interest rising after Palantir’s reported success. Kim Hak-rae (김학래), a professor at Chung-Ang University, described ontology as making tacit human knowledge explicit in documents or data. He contrasted it with relational databases, vector databases and large language models, and explained its structure, construction methods and potential as a guardrail. He also stressed data foundations matter more than ontology itself.

Industry

LG Energy Solution signs $1.6 billion ESS supply deal with DTE Energy

LG Energy Solution said on May 28 it signed a $1.6 billion energy storage system supply contract with U.S. utility DTE Energy. Total supply volume is 6 GWh and deliveries will run for about two years. DTE Energy, Michigan’s largest power utility, plans to use the ESS for eight grid projects, including an Oracle AI data center in Salem Township. LG Energy Solution said production will center on its Holland, Michigan plant.