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AI & Enterprise

Naver Cloud to develop 700B cybersecurity AI model, preloads 4,000 GPUs

Naver Cloud said on Sept. 3 its consortium has been selected as the final operator for the government’s specialised AI foundation model project in the cybersecurity field and has begun full-scale development. It preloaded 4,000 B200 GPUs for pretraining ahead of the official start. The consortium will also use 256 government-provided GPUs and an additional 256 H200 GPUs from LG. It plans to develop two 700B MoE security models using HyperCLOVA X and LG AI Research’s EXAONE.

Industry

Government to set up future response fund based on 162.3 trillion won in extra tax revenue, double megaproject budget

South Korea’s government plans to create and set aside a 162.3 trillion won future response fund in its 2027 budget, allocating 45.4 trillion won to four areas: youth, growth engines, regions and education and talent. Spending for “three megaprojects plus AI” covering semiconductors, physical AI and AI data centres rises 97.2 percent to 21.3 trillion won. Total 2027 spending is set at 820.9 trillion won, up 12.8 percent.

Industry

LG to refund up to 300 won per hour in electricity fees for appliance use

LG Electronics said on Wednesday it signed a memorandum of understanding with Korea Electric Power to 추진 a pilot “smart appliance cashback” project. Customers who use certain LG appliances during designated hours in spring and autumn can receive refunds based on electricity use, up to 300 won per hour. The refund is deducted automatically from the electricity bill through KEPCO’s energy cashback service. Eligible products include washers, dryers, dishwashers, stylers and combined washer-dryers.