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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.

AI & Enterprise

Public-private AI DC Alliance launched to push national strategic industry drive

South Korea launched a public-private \"AI DC Alliance\" on Tuesday to foster AI data centres as a national strategic industry. The science ministry said about 400 people from government, industry, academia and research attended the launch in Seoul. The alliance will pursue a strategy announced in June, including building 18.4GW of large-scale AI data centres, strengthening local solutions and equipment, improving power and cooling efficiency, and supporting overseas expansion.

AI & Enterprise

SKT\'s Jeong Jae-heon says AI data centres will become irreplaceable foundation for South Korea

South Korea\'s public-private AIDC Alliance has officially launched to boost competitiveness in the AI data centre industry, with a plan to develop it into a new export sector by bringing together domestic technology, equipment and power and cooling solutions. SK Telecom CEO Jeong Jae-heon said the alliance\'s launch was meaningful as part of the government\'s three AI mega projects. He said hyperscale AI data centre construction would advance solutions and construction technology and create new export and industrialisation opportunities.