Woo Tae-hee (우태희), CEO of Hyosung Heavy Industries Co. (right), and Lee Hwan-joo (이환주), head of KB Kookmin Bank (left), pose for a photo at a signing ceremony held on May 27 at KB Kookmin Bank's new building in Yeouido, Seoul. [Photo: KB Kookmin Bank]

[DigitalToday reporter Ji-young Lee] KB Kookmin Bank is joining hands with Hyosung Heavy Industries to support future energy infrastructure projects such as high-voltage direct current (HVDC) transmission and data centres.

KB Kookmin Bank said on May 28 it signed a memorandum of understanding with Hyosung Heavy Industries to strengthen competitiveness in the energy industry.

Under the agreement, KB Kookmin Bank will provide financial support for Hyosung Heavy Industries' development of large-capacity HVDC technology and related projects.

HVDC is a core technology used for long-distance, large-capacity power transmission. Its importance is growing in the government's West Coast energy expressway project and in building data centre infrastructure.

A KB Kookmin Bank official said, "We will work to expand productive finance through various partnerships to strengthen the competitiveness of the national energy industry."

Keyword

#KB Kookmin Bank #Hyosung Heavy Industries #HVDC #West Coast Energy Expressway #Seoul
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