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Finance

KB Asset Management partners with China AMC to expand Asia ETF cooperation

KB Asset Management has partnered with China Asset Management (China AMC), China’s top exchange-traded fund manager, to expand cooperation in the Asian ETF market. The two companies signed a strategic memorandum of understanding to build a long-term partnership in the Korean and Chinese ETF businesses and to jointly develop investment products to meet demand from investors in both countries and globally. They also plan cooperation involving Korea and Hong Kong.

AI & Enterprise

Nvidia to build 35 supercomputers in 23 European countries as it dominates 90 percent of European AI factories

Nvidia is expanding artificial intelligence supercomputer infrastructure across Europe, building 35 AI supercomputers in 23 countries and aiming to provide advanced computing resources to more than 3 million researchers. It said its Blackwell and Hopper platforms support more than 90 percent of European AI factory deployments. Nvidia is also backing quantum computing research through CUDA-Q and expanding robotics via its Halos for Robotics platform, while maintaining cooperation with the China market.

Industry

LG Chem declares shift to AI materials company, targets double-digit operating margin by 2030

LG Chem has formalised a shift toward becoming an AI-based, high value-added materials company as profitability in its traditional chemical business slows. CEO Kim Dong-choon said the company will foster semiconductor, mobility and robot materials, and new cancer drugs, aiming for a double-digit operating margin by 2030. LG Chem plans to invest a total of 15 trillion won in R&D through 2035 and pursue external growth including M&A within available funds.