GWANGJU < invest Korea

According to Yonhap News,

(GWANGJU=Yonhap News) As LG electronics seems to have an interest in a project creating "AI-based science technology enterprise complex", having been exempted from a preliminary feasibility study, drawing attention whether it will be turned into investment.

According to Gwangju city on February 11, the city and Gwangju Institute of Science and Technology (GIST) met with LG electronics to discuss this matter.

The city has contacted companies involved in AI since planning this project in July last year, and LG was one of them. br />
As LG electronics has been fostering research and development capability with establishing AI research centers in Seoul, US, and Canada, it has shown interest in utilizing the AI industrial complex infrastructure.

A city official said "we just confirmed a willingness to participate in the project planning stage," adding that "once a detailed project plan is worked out, we will seek investment from various companies including LG electronics".

AI Science and Technology Complex is a KRW 1 trillion project to build a foundation for AI, and a complex to foster talent, conduct research and development, and facilitate enterprise creation in Gwangju Cheomdan district 3 in which a large-scale academic-industry-research cluster is located by 2027.

This project was exempted from a preliminary feasibility study last month, and will proceed in earnest from next year.

cbebop@yna.co.kr

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Source Text

** This article was translated from Korean.

Source: Yonhap News (February 11, 2019)