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Finance

Woori Financial supplies 34.7 trillion won in productive, inclusive finance over a year, expands SME and regional share

Woori Financial Group supplied 34.7 trillion won in productive and inclusive finance over a year under its Future Shared Growth Project launched in September last year. It expanded funding to small and medium-sized firms and regional businesses, while increasing support for vulnerable groups through measures such as long-overdue debt write-offs. The group said it reviewed performance and next year’s plans at a financial council meeting chaired by Chairman Lim Jong-ryong.

AI & Enterprise

KT to expand physical AI deployment in industry, pursue dark factory pilot

KT is expanding efforts to apply physical AI at industrial sites by identifying business candidates across six sectors including manufacturing, defense and logistics. It introduced sector-specific tasks and its commercialization approach at Physical AI Tech Week in Seoul. The Vertical Industry Bridge group has found 26 candidate projects and plans to select four this year for linkage with a National Growth Fund and a government pilot program. KT also showcased edge AI and is pursuing a dark factory platform with KAIST and Daim Research.

AI & Enterprise

South Korea to back physical AI commercialisation via National Growth Fund, expand long-term investment

South Korea plans a support system linking physical AI technology development, on-site demonstrations and private investment, using fiscal spending and the National Growth Fund. The government set next year’s physical AI budget at 3.1 trillion won, more than triple this year’s 900 billion won. The Financial Services Commission will expand long-term investment and offer funding via direct and indirect investment, infrastructure finance and ultra-low-interest loans. Ministries also outlined new projects for core technology, logistics trials, training infrastructure, manufacturing adoption and sector-specific pilots.