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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.

AI & Enterprise

RideFlux teams up with KGM and Hyundai Mobis to install AI self-driving software in finished cars

RideFlux, a developer of autonomous driving AI software, said on Tuesday it signed an MOU with KG Mobility (KGM), Hyundai Mobis and several industry bodies to advance KGM software-defined vehicles and software. Under the agreement, KGM will pursue installing Hyundai Mobis’ SDV platform and RideFlux’s AI-based autonomous driving solution in its vehicles. The deal is part of the Trade Ministry-led M.AX Alliance activities.

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.