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AI & Enterprise

Lotte opens \'Lotte x KAIST R&D Center\' with 10 billion won donation

Korea Advanced Institute of Science and Technology (KAIST) and Lotte Group have set up an industry-academia cooperation hub to jointly pursue work from R&D to commercialisation to address sustainability issues. KAIST said it held a completion ceremony for the \'Lotte x KAIST R&D Center\' at its Daejeon campus on Sept. 11. The centre was built using a 10 billion won construction donation from Lotte and KAIST funds, and will focus on bio sustainability, carbon-neutral energy, materials and processes, and advanced food and healthcare.

Industry

U.S. effectively bars Chinese batteries for power grids, putting energy storage market on alert

The fast-growing U.S. energy storage market could face a near-term shock as moves accelerate to cut reliance on Chinese-made batteries, raising worries about delays and higher costs. An executive order issued in late August under the Trump administration bans installation of foreign-made large-scale power system equipment deemed a national security risk, covering battery energy storage systems as well as inverters and transformers. Analysts say projects could be delayed while rules are clarified.

AI & Enterprise

South Korea launches \'4 hubs, 3 special regions\' autonomous R&D plan, to invest 78.9 billion won in 7 zones

South Korea will shift its regional research and development system from a central government and province-led model to a zone-based, locally autonomous approach. The Ministry of Science and ICT said it launched the \'4 hubs, 3 special regions\' programme at KAIST on Wednesday and will push projects in seven zones. It will invest a total of 78.9 billion won this year and expand support after 2027.