Seoul AI startup secures prized gateway to US market via New York program

HD Hyundai and Siemens Digital Industries Software opened a joint center in Busan on Tuesday as part of their efforts to accelerate digital transformation in the shipbuilding industry. HD Korea Shipbuilding & Offshore Engineering, HD Hyundai’s shipbuilding intermediate holding company, held an opening ceremony for the Global Marine Center, attended by key officials from both companies, including CEO Kim Hyung-kwan and Siemens Digital Industries Software Chief Revenue Officer Robert Jones. The center will house about 50 professionals from both companies specializing in ship design, production, artificial intelligence (AI) platforms and product lifecycle management. It will serve as a key hub for combining HD Hyundai’s shipbuilding expertise with Siemens’ digital engineering technology. The two companies signed an agreement in July to work together on establishing a next-generation marine platform, a project that aims to connect all aspects of shipbuilding, from design, production and supply chain management to quality control and maintenance with AI and digital technology. The cente

The Korea Asset Management Corporation (KAMCO) is expanding its cooperation with Asian financial authorities, drawing on nearly three decades of experience managing nonperforming loans (NPL) to help countries strengthen their financial systems, the state-run agency said Monday. Vietnam offers a clear example of that approach. In April, KAMCO signed a consulting agreement worth around $400,000 with the Asian Development Bank to help establish a legal framework for asset-backed securities (ABS) in the country. Over the next 25 months, the agency is set to assess Vietnam’s financial and legal environment, recommend regulatory improvements and help develop guidelines for issuing ABS. The project will also include training programs to strengthen local expertise. KAMCO is working to improve the infrastructure for actual transactions as well. In a consortium with Shinhan DS, it is undertaking a 2.5 billion won ($1.86 million) project to upgrade the Vietnam Asset Management Company’s online platform for NPL trading. The agency is also extending its work beyond individual markets through a br

Jinju, South Gyeongsang Province, will host the 2026 Jinju International Forum on Entrepreneurship from Oct. 18-20, bringing together United Nations officials, global business leaders and scholars to discuss entrepreneurship amid geopolitical tensions, supply chain disruptions and intensifying artificial intelligence (AI) competition. The Jinju K-Entrepreneurship Foundation said Tuesday that the forum will explore how businesses, governments and local communities can turn these challenges into opportunities for innovation and shared prosperity. Under the theme “An Era of Global Uncertainty and Digital Transformation: What Is the Role of Entrepreneurship?” the three-day forum will examine how entrepreneurship can foster innovation and shared prosperity. A key session will bring together former U.N. Economic and Social Council presidents Nestor Osorio and Martin Sajdik, former Argentine ambassador to the U.N. Martin Moritan and U.N. Assistant Secretary-General for Economic Development Navid Hanif. They will discuss opportunities and inequalities arising from AI, the sustainable develop

Shinhan Financial Group has officially launched Shinhan Financial Group Indonesia, becoming the first Korean financial group to establish a local financial holding company in the Southeast Asian country, the company said Tuesday. The launch ceremony was held in Jakarta on Monday, attended by Shinhan Financial Group Chairman Jin Ok-dong and local financial authorities. The new structure places Shinhan Indonesia Bank at the center of the group's Indonesian operations, with the bank taking on the additional role of a holding company overseeing its local card and securities businesses. The restructuring follows the Indonesian government's announcement requiring financial groups to establish holding companies in December 2024. Shinhan began reorganizing its local governance structure in response to the requirement and received approval from Indonesian financial authorities in September 2025. The transition was completed on Sept. 16 following the transfer of stakes in the group's local affiliates, according to the company. Under the new structure, Shinhan Indonesia Bank acquired additional stak

Shinhan Financial Group Inc., a major banking group, has decided to take over a midsize non-life insurer for 693 billion won ($518 million) to diversify its business portfolio, industry sources said Tuesday. Shinhan Financial's board of directors approved the acquisition of a 77.04 percent stake in Lotte Insurance, from private equity firm JKL Partners, and then the banking group plans to buy the remaining 22.96 percent depending on regulatory approval.

Lexus Korea has launched its first all-electric ES sedan, expanding the luxury carmaker’s electrification strategy beyond its established hybrid lineup, as it moves to strengthen its position in the increasingly competitive electric vehicle (EV) market, the company said Tuesday. The eighth-generation All-New ES lineup comprises the ES 350e and ES 500e EVs alongside the ES 350h hybrid, offering customers a choice between fully electric and hybrid powertrains. The launch carries strategic significance for Lexus, which has built its reputation in Korea largely on hybrid vehicles. While the Japanese luxury brand is well established in the premium hybrid sedan segment, it has been a latecomer to the all-electric market. “EVs are not a sudden move for Lexus Korea,” Lexus Korea CEO Manabu Konoyama told reporters during a media event. “Rather, they represent the next step, built on the experience and expertise we have accumulated through our hybrid vehicles.” The ES 350e, the entry-level electric model, starts at 71.6 million won ($53,500) and offers a driving range of 478 kilometers on

Your organisation buys human intelligence by the hour and machine intelligence by the million tokens. Only one of those prices is falling fast, and most management systems, from the timesheet to the pricing model, are still built around the other. I have spent my career applying technology to improve productivity and offset inflationary costs, and […] The post What is work worth when thought is metered? appeared first on e27.

Lithium iron phosphate (LFP) batteries have an awkward reputation among recyclers: they are everywhere, and they are worth very little once they die. Unlike the nickel- and cobalt-rich chemistries that recyclers have chased for a decade, a spent LFP cell offers no precious-metal jackpot. It holds lithium, iron and phosphate, and two of those are […] The post NEU Battery Materials bags US$7.6M to mine lithium from the world’s least-loved battery appeared first on e27.

“Social impact” is one of the most overused phrases in a Southeast Asian pitch deck. Founders apply the label to themselves, and in a funding winter it gets stretched to cover almost anything with a farmer, a recycling bin or an “underserved” customer in the slide. So we went looking for startups that do more […] The post Social impact is easy to pitch and hard to prove: 17 SEA startups taking the harder route appeared first on e27.

The most important change in US-China trade this year is not another tariff headline. It is the emergence of a more managed, transactional relationship between the world’s two largest economies. President Donald Trump’s May state visit to Beijing produced exactly that kind of arrangement. Washington and Beijing established new Boards of Trade and Investment, China […] The post US-China trade is entering an era of managed rivalry. Southeast Asian businesses should prepare for it appeared first on e27.

A company can have hundreds of employees using ChatGPT, Copilot, or other AI tools every day, and still not be an AI-ready organisation. This may sound contradictory, but it is becoming increasingly common. Employees are experimenting with AI. Teams are building copilots. Companies are running pilots. Some are even putting AI into production. Yet ask […] The post Everyone is talking about AI adoption. But are enterprises actually ready for it? appeared first on e27.