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AI & Enterprise

SKPack picked to lead 10 billion won physical AI autonomous manufacturing R&D project

SKPack, a unit of NamuAX, has been selected as the lead research and development organisation for an international joint R&D project on physical AI-based autonomous manufacturing promoted by the Korea Institute for Advancement of Technology under the industry ministry. The project will receive 10 billion won in government funding over about five years. Participants include Sejong University, the University of Toronto, CUUVA and a major South Korean food company.

Finance

Woori Bank selects 45 mid-sized firms in semiconductors, bio and AX for 548 billion won support

Woori Bank will provide about 548 billion won in financial support after selecting 45 mid-sized companies in advanced industries such as semiconductors, bio and AX together with the Ministry of Trade, Industry and Energy. The bank said it made the final selection for the eighth intake of its Rising Leaders 300 program. Selected firms can receive loans of up to 30 billion won each and interest-rate benefits of up to 1.0 percentage point in the first year.

Industry

Moving fabs alone may not make South Korea\'s semiconductor relocation work, MPE ecosystem key

South Korea is pushing to disperse its semiconductor production base beyond the capital area, but simply moving fabs may deliver limited results, industry voices say. The government plans to allocate over 40 percent of its National Growth Fund to non-capital regions and offer special subsidies to relocating materials, parts and equipment firms. Officials also aim to build regional specialisation, but supply-chain depth, engineers’ response times, power costs and local settlement conditions are seen as decisive.