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AI & Enterprise

Science ministry fleshes out seven SEED projects, draws up cross-ministry implementation strategy

South Korea\'s Ministry of Science and ICT held a meeting on Oct. 22 with the presidential office and related ministries to draw up field-by-field implementation strategies for the seven SEED projects. The government project aims to foster seven areas as future growth engines, including small modular reactors, nuclear fusion, renewable energy, quantum, aerospace, advanced bio and advanced supply chains. The meeting discussed missions, performance goals and linking R&D and investment plans.

AI & Enterprise

NIA to test AI-RAN on university campuses to boost competitiveness of Korean networks

South Korea\'s National Information Society Agency and the Ministry of Science and ICT will use university campuses to test AI-RAN that combines AI and network technology. They launched the \'K-AI Network Competitiveness Enhancement\' project at Seoul National University on Oct. 1. The core campus pilot will receive 2.2 billion won in government funding this year and run through December 2027 with Newgens and partners.

Finance

KB Financial, BS Group to cooperate on productive finance for renewables, AI data centres

KB Financial Group will work with BS Group to jointly identify projects and expand financial support in future growth areas including renewable energy, energy infrastructure and AI data centres. The companies signed a memorandum of understanding on expanding productive finance and shared growth. They plan to combine expertise in finance and industry to develop business opportunities and build a strategic cooperation framework, and to run working-level consultative bodies by sector to find concrete projects.