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AI & Enterprise

LG Uplus to build AIoT predictive maintenance system at district energy facilities

LG Uplus will work with Korea District Heating Corp to upgrade safety management at district energy facilities using AIoT technology that combines AI and IoT. The companies signed an MOU in Seoul to build a predictive maintenance system that detects risks in real time and forecasts and responds to potential accidents. They will test early detection of ground subsidence, monitoring of stray current in heat transport pipes, and stronger physical security and monitoring at high-risk facilities.

Finance

KB Financial to form 1 trillion won KB National Growth Infrastructure Fund

KB Financial Group said it will form the 1 trillion won KB National Growth Infrastructure Fund by mobilising its investment capabilities. The fund is designed to support domestic strategic infrastructure projects and serve as a catalyst for private investment in line with the government’s 150 trillion won National Growth Fund plan. It will be fully funded by group capital and managed by KB Asset Management. It will invest in SOC, digital, energy and renewable infrastructure.