LG Electronics on Tuesday signed an agreement with Jeju Special Self-Governing Province, Jeju Development Corp and the Korea Institute of Industrial Technology to push a project to electrify cooling and heating in multi-family housing and to run a Power to Heat pilot. The company will install heat pumps at a lived-in apartment complex in Seogwipo, its first such domestic demonstration. The project combines household heat pumps with a central hot-water P2H system and aims to use operating data for wider deployment.

University of Science and Technology (UST) said it signed a joint agreement with seven national research institutes to promote student startups based on public technology. The deal follows an earlier agreement with five institutes, bringing participating institutes to 12. The partners plan to build a professor-student startup model spanning technology transfer and equity contributions, and to provide mentoring, education, equipment and funding support. UST also cited rule changes and startup programs to strengthen support.