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Industry

U.S. midterm election nears as Korean battery makers face crossroads over AMPC tax credit defence line

With the Nov. 3 U.S. midterm election approaching, Korean battery makers face renewed political bargaining over tax credits. EV purchase subsidies have already been abolished, while the advanced manufacturing production credit, or AMPC, has been defended at a 25 percent credit through 2032. Companies with large North American bases are reshaping operations to withstand policy shifts, including moving from joint ventures to wholly owned plants and shifting production toward energy storage systems.

Industry

South Korea set to unveil plan to invest in up to eight U.S. nuclear reactors to meet AI power demand

South Korea will soon announce a large-scale energy investment plan in the United States to support the expansion of the U.S. AI industry, the Wall Street Journal reported. The plan would fund construction of up to eight nuclear reactors and natural gas power plants, and the total could exceed $100 billion. It follows a trade deal under which U.S. tariffs were cut and South Korea pledged investments and energy purchases.

AI & Enterprise

KT to build high-performance AI network at HD Hyundai Samho shipyard, test physical AI

KT will build a high-performance AI network at HD Hyundai Samho\'s shipyard in Yeongam, South Jeolla province, and test physical AI technologies such as AI welding robots. KT said it discussed ways to apply physical AI robots during an on-site inspection of the Ministry of Science and ICT project to build a high-performance AI network. The network will apply 5G standalone, network slicing, GPU-based AI computing infrastructure, AI-RAN and autonomous network technology.