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Finance

KB Kookmin Bank runs cooperative open store in Jeonju

KB Kookmin Bank will run a cooperative \"open store\" in Jeonju to help expand sales channels for local small merchants and boost the regional economy. The bank will operate the event with Hyundai Department Store and the National Pension Service from July 6 to 9 at the NPS Happiness Pension Hall in Jeonju, North Jeolla Province. The bank will cover operating costs, while partners provide brands, space and promotion. Consulting booths and seminars are also scheduled.

AI & Enterprise

Government steps up drive for physical AI full stack localisation

The government plans to localise physical AI full stack technology and expand its applications to manufacturing, agriculture, defence and caregiving. The Ministry of Science and ICT unveiled a strategy to build a cross-government data collection and use system and develop key technologies such as physical AI foundation models and world models. It also plans to develop specialised devices, networks, security and AI chip-based computing platforms, and to support investment, talent and standards and certification systems.

Finance

KB Kookmin Bank consortium picked as preferred bidder for Jeonbuk offshore wind project

A consortium involving KB Kookmin Bank has been selected as the preferred bidder for the Jeonbuk southwest offshore wind public project in South Korea. The project will first develop 800 MW of a planned 2.5 GW offshore wind complex in waters off Buan, North Jeolla Province, under a public-led model in which public institutions hold at least 50 percent. KB Kookmin plans to provide financial advisory services and arrange project financing.