Korea Zinc Begins First Copper Foil Supply to Global Battery Maker

Hyundai Motor Group held its AX (AI Transformation) Performance Presentation at its Yangjae headquarters in Seocho District, Seoul, on August 12, unveiling its AI application results and future strategy. The group said it is fully applying artificial intelligence across its business operations, from R&D to production, maintenance and customer response. By using AI, Hyundai Motor Group reduced the time required to analyze crash test-related data by 90% and cut production line downtime by 86%. The company also achieved annual cost savings of more than KRW 5.2 billion at production sites.

The South Korean government announced the first round of its “field-oriented corporate investment and innovation support measures” on August 13 during an Emergency Economic Headquarters meeting and economic ministers’ meeting. Secondary battery recycling businesses had previously been classified as a waste-related industry, limiting their ability to move into national industrial complexes. Going forward, however, they will be allowed to enter such complexes on the same basis as manufacturing businesses.