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Finance

KOSPI rebounds 1 percent, recovers 6,750 despite foreigners\' 2.885 trillion won net selling

South Korea\'s KOSPI rebounded despite heavy foreign selling, supported by buying from retail investors and institutions. The benchmark index rose 0.97 percent to 6,755.75 after giving up early gains and sliding as low as 6,557.39 before recovering in afternoon trade. Retail investors bought 1.98 trillion won net and institutions 862.3 billion won net, while foreigners sold 2.885 trillion won net. The Kosdaq climbed 2.22 percent.

Industry

LG Electronics cooling distribution unit wins Nvidia quality certification, first in Korea

LG Electronics said it has obtained final quality certification from Nvidia for its 600-kW coolant distribution unit (CDU) for AI data centres, the first South Korean company to do so. The CDU circulates coolant to cold plates attached to GPUs and CPUs to absorb heat. The company said it will expand Nvidia certification across higher-capacity CDU models and broaden its data-centre thermal management portfolio from chillers to cold plates.

AI & Enterprise

LG CNS joins global AI materials alliance, backs AX for South Korean firms

LG CNS said on July 27 it was selected as a founding member of the AI Materials Foundry, a global materials development collaboration led by British AI startup CuspAI. The alliance includes 48 companies and research institutes including Nvidia, Meta, AMD, 3M and Merck. LG CNS will oversee the platform’s introduction and operations in South Korea, supporting data integration, result interpretation, and platform deployment and maintenance for firms developing new materials.