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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.

Industry

Standard Energy introduces VIB ESS technology to EU delegation

Standard Energy said European commercial and embassy officials in South Korea visited its Daejeon site on Sept. 9 as part of an innovation partnership event hosted by the Innopolis Foundation. About 20 participants from the EU delegation and the French and German embassies toured a VIB ESS demonstration site at KAIST Munji Campus and the company’s automated production line. The visit focused on VIB’s safety features, high output and commercialization progress.

Finance

KB Financial, BS Group to cooperate on productive finance for renewables, AI data centres

KB Financial Group will work with BS Group to jointly identify projects and expand financial support in future growth areas including renewable energy, energy infrastructure and AI data centres. The companies signed a memorandum of understanding on expanding productive finance and shared growth. They plan to combine expertise in finance and industry to develop business opportunities and build a strategic cooperation framework, and to run working-level consultative bodies by sector to find concrete projects.