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Industry

MSIT launches Chungcheong information security cluster to grow regional security industry

South Korea\'s Ministry of Science and ICT and the Korea Internet & Security Agency on July 27 held an opening ceremony in Sejong for the Chungcheong Information Security Cluster. The cluster is designed to help spread information security firms, talent and infrastructure beyond the Seoul area and support co-growth with regional strategic industries. It provides office space, a security testbed and a cyber training facility, and will be linked to local industries such as smart cities, smart defense, converged bio and mobility.

Finance

KB Financial to expand investment in advanced industries with 150 billion won unicorn fund

KB Financial Group is expanding financial support for advanced strategic industries including semiconductors, physical AI and AI data centres. It plans to shift corporate credit reviews away from past financial results toward assessments of technology and growth potential. The group also plans to form a 150 billion won fund to nurture unicorns, fully funded by KB affiliates and managed by KB Securities, to invest in AI, semiconductors and other sectors.

Industry

SK to expand AI chip, data centre ties with five big tech firms

SK has secured a foundation to carry out its domestic AI infrastructure investment plans through cooperation with U.S. big tech companies. It agreed with Nvidia, Microsoft and Anthropic on cooperation in AI chips and AI data centres, and discussed expanding domestic AI infrastructure cooperation with Amazon Web Services. SK also plans long-term cooperation with Nvidia on AI memory, and SK hynix will pursue supplying server memory to data centres with Microsoft.