Search results for Korean shipbuilding
AI & Enterprise
Global AI scholars say South Korea should join joint development, complementing domestic AI
Global AI experts including Yann LeCun said South Korea can pursue development of its own AI models while also joining international joint development, urging expanded cooperation. At a Seoul briefing, AI Alliance co-chair Anthony Annunziata introduced Project Tapestry, a joint effort to build a common AI foundation model by pooling computing and research capabilities while keeping control of original data. The experts said pretraining costs are high with diminishing returns and called for industry-focused AI use.
Finance
KB Kookmin Bank arranges 4 trillion won financing for U.S. LNG infrastructure
KB Kookmin Bank has completed the arrangement of financing for a U.S. offshore LNG infrastructure development project. The bank said it completed joint arrangement of project financing for the Delfin floating liquefied natural gas development project, with the financing agreement signed on June 3 local time. The syndicated financing totals $2.676 billion, or about 4 trillion won, and KB Kookmin Bank arranged and participated with $160 million.
Finance
Hana Bank joins Hanwha Ocean to boost Korean shipbuilding competitiveness
Hana Bank said on Thursday it signed a business agreement with Hanwha Ocean a day earlier to help secure a competitive edge for Korean shipbuilding. The agreement aims to support stronger competitiveness in shipbuilding and expand funding to productive sectors. The two plan cooperation on funding and investment, loans tied to facilities and exports, direct and indirect support for partner firms, and joint tailored financial consulting.