AI & Enterprise

Korea\'s science ministry launches AI and S&T innovation technology development to boost research productivity

South Korea\'s Ministry of Science and ICT is launching a new research and development program to innovate science and technology research methods using artificial intelligence. The ministry held a project kick-off briefing on June 4 for the AI+Science and Technology innovation technology development program. It selected six projects across six key fields and will invest 22.5 billion won from 2026 to 2029. The program will support computing infrastructure and open research data and AI models through a public platform.

Industry

Posco Future M breaks ground on dedicated LFP cathode plant

Posco Future M has broken ground on a dedicated LFP (lithium iron phosphate) cathode materials plant, stepping up its push into materials for energy storage systems and electric vehicles. Its joint venture with Pino and CNGR began construction after holding a safety ceremony in Pohang on May 28. The plant targets mass production in 2027 and plans to expand capacity in stages to as much as 50,000 tonnes a year.