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Finance

Woori Bank arranges $825 million refinancing for Ohio power plant

Woori Bank said on Saturday it completed arranging $825 million in refinancing for a 950-megawatt gas-fired combined-cycle power plant in Trumbull County, Ohio. Korea Southern Power, the Korea Overseas Infrastructure and Urban Development Corp (KIND) and Siemens Energy participated as joint investors. The bank oversaw a financing structure transition in line with the plant’s operating schedule. It is located within the PJM power market region.

Industry

Nvidia to build orbital data centres based on physical AI

Nvidia will unveil at GTC 2026 a Physical AI full-stack strategy spanning industrial automation, autonomous driving, edge computing and space. It introduced a Physical AI Data Factory Blueprint built on the Cosmos world model and Osmo orchestrator to link data generation, simulation, evaluation and deployment. Microsoft Azure and Nebius are first cloud adopters. Nvidia also announced robotics and autonomous driving software updates and a space-optimised Vera Rubin Space Module aimed at real-time orbital operations.