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Mobility

Kakao Mobility, LG Innotek begin development of autonomous driving sensing solution

Kakao Mobility and LG Innotek are starting joint development of an autonomous driving solution, signing an MOU to cooperate on developing autonomous driving solutions. They aim to secure large-scale real-world driving data needed to advance autonomous driving technology by combining Kakao Mobility’s data collection infrastructure with LG Innotek’s sensing technology. LG Innotek will develop an integrated sensing solution using camera, radar and LiDAR modules, while Kakao Mobility will apply it to its AI data pipeline.

Finance

KB Asset Management lists Hyundai Motor Group physical AI investment ETF

KB Asset Management will list the RISE Hyundai Motor Fixed Physical AI ETF on May 12. The fund invests in key Hyundai Motor Group affiliates and partner companies expected to benefit from the group’s shift to robotics and artificial intelligence. Its benchmark is the KEDI Hyundai Motor Fixed Physical AI Index, which holds Hyundai Motor at a fixed 25 percent and invests in 14 stocks with high similarity to areas such as autonomous driving, robotics and factory automation.

Industry

LG Innotek, Applied Intuition expand physical AI cooperation

LG Innotek is expanding the scope of its physical AI cooperation with Applied Intuition. The company said its chief executive Moon Hyuk-soo (문혁수) met Applied Intuition co-founder and CEO Qasar Younis (Qasar Younis) at its Magok headquarters in Seoul on April 30. The companies reviewed progress in autonomous driving cooperation and discussed collaboration in physical AI fields such as robots and drones, including joint responses and promotion plans for key customers.