| Mobile Web

Search results for Smart farming

Industry

Daedong selected as operator for national agriculture AX platform with LG CNS consortium

Farm machinery maker Daedong said on Tuesday it was selected as the final operator for the Agriculture, Food and Rural Affairs Ministry-led project to build and run a national agriculture AX platform. The programme is designed to be run through a special purpose company jointly funded by government, local authorities and private firms, with ongoing operations supported by self-generated revenue. Daedong and partners plan to set up an SPC this year.

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.