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Finance

KB Financial opens Jeonbuk KB Financial Town to activate asset management hub

KB Financial Group has opened an asset management-focused financial hub in Jeonbuk Innovation City. The group plans to strengthen asset management work linked to the National Pension Service and to provide comprehensive financial services and startup support for local residents and companies. Major affiliates including KB Kookmin Bank, KB Securities, KB Insurance and KB Asset Management will move in. About 350 group employees are expected to be based there.

AI & Enterprise

Daedong posts 377.7 billion won in Q1 sales, speeds shift to AI farming operations platform

Daedong said it posted consolidated first-quarter sales of 377.7 billion won and operating profit of 6.0 billion won. Sales fell 2.4 percent from a year earlier and operating profit also declined, citing a global farm machinery slowdown, U.S. tariff burdens and increased investment in AI and robotics. The company said it is accelerating a shift to an AI farming operations platform linking AI tractors, agricultural robots, precision agriculture and smart farming.

AI & Enterprise

Ditonic, Muhan Information Technology partner on AI disaster response, smart farming global push

AI platform company Ditonic said on Thursday it signed a strategic partnership MOU with Muhan Information Technology for AI-based disaster response and a global expansion in smart farming. The companies plan to combine Ditonic’s AI platform infrastructure with Muhan Information Technology’s expertise in disaster and agriculture. They will cooperate on joint participation in public projects, joint R&D on an integrated data model, ecosystem guidelines based on global standards, and a joint entry into global AX markets starting in ASEAN.