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Industry

LS Electric to work with Motif Technologies on AI-driven manufacturing process upgrades

LS ITC, the IT services unit of LS Electric, has partnered with Motif Technologies, which has capabilities to develop its own AI models, to expand the use of AI in manufacturing sites. The two companies signed a memorandum of understanding on applying customised AI to production sites. They plan to identify AI use cases that can be applied to actual manufacturing processes and to verify feasibility through step-by-step validation.

Industry

LS Q2 operating profit 595.6 billion won, up 153 percent year on year

LS said on Thursday its second-quarter operating profit rose 153 percent from a year earlier to 595.6 billion won, while revenue climbed 40 percent to 11.02 trillion won, both record highs for a quarter. First-half operating profit totalled 1.07 trillion won, exceeding last year’s full-year result, with revenue up 39 percent to 20.53 trillion won. The company cited AI data centre expansion and power-grid replacement projects.

Finance

Financial Services Commission, industry ministry to grow physical AI firms with National Growth Fund

South Korea\'s Financial Services Commission and Ministry of Trade, Industry and Energy will link the National Growth Fund with a manufacturing AI transformation project to identify and support leading companies in physical AI. They discussed support measures at a joint public-private meeting at Korea Development Bank. The plan targets sectors including AI factories, robots and future vehicles, with about 16 trillion won to be supplied this year across six related fields.