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Finance

KB Financial, BS Group to cooperate on productive finance for renewables, AI data centres

KB Financial Group will work with BS Group to jointly identify projects and expand financial support in future growth areas including renewable energy, energy infrastructure and AI data centres. The companies signed a memorandum of understanding on expanding productive finance and shared growth. They plan to combine expertise in finance and industry to develop business opportunities and build a strategic cooperation framework, and to run working-level consultative bodies by sector to find concrete projects.

AI & Enterprise

Groundbreaking held for national AI computing center in Haenam, aims for 2028 completion

South Korea has broken ground on its national AI computing center in Solarsido, Haenam, and begun full-scale construction, the Ministry of Science and ICT said on Sunday. The project will be built as a public-private joint venture combining public investment with private capital and data center operating capabilities. A Samsung SDS-led consortium was selected as the final operator and established a joint venture, KOACC. Some computing resources will be deployed next year ahead of completion in 2028.

Industry

Samsung Electronics to reshape future industry portfolio with region-specific clusters

Samsung plans to reorganise its future industry portfolio into four regional clusters, centred on a Seoul metropolitan semiconductor hub and additional bases in Honam, Chungcheong and Yeongnam. The company said it will invest a total of 2,655 trillion won domestically to foster cutting-edge future industries. Spending includes 2,030 trillion won for the capital region’s chip cluster and 625 trillion won for AI semiconductors, robots, batteries and IT components and materials in other regions.