South Korea has officially launched the “Industrial AI Alliance” comprising 20 major companies from its key industries, including Hyundai Motor Company, LG Electronics, Hyundai Steel, LG Energy Solutions, and digital transformation (DX) suppliers such as Samsung SDS and SK C&C.
The “Industrial AI Alliance” formation is an expansion and reorganization of the preexisting “Industrial Digital Transformation Solidarity,” established in 2020. It has garnered active participation from over 400 companies and institutions.
On Tuesday, an inauguration ceremony was held on July 25 at the Dragon City Hotel in Yongsan, Seoul. Several industry leaders representing key sectors, such as automotive, shipbuilding, and steel, were present at the ceremony.
The collaboration is expected to explore ways to maximize AI utilization in critical industries, fostering innovation and digital transformation across the nation’s economic landscape.
In June this year, the “Super AI Promotion Council” was launched as an affiliated organization under the Korea Software Industry Association. Although similar, the council lacked direct involvement from the Korean government.
Spearheaded by the Ministry of Trade, Industry, and Energy, the Industrial AI Alliance seeks to strengthen an environment of cooperation, knowledge exchange, and collective efforts to propel AI integration for improved efficiency and productivity in the industry.
The alliance’s objective is to undertake 40 projects focused on AI solutions, covering areas such as mobility, machinery, and optimization of production and industrial waste disposal. The alliance aims to extend the scope beyond individual companies’ digital transformation efforts to enhance overall competitiveness in the market.
By leveraging the latest AI advancements, the companies aim to enhance productivity, streamline operations, and identify opportunities for sustainable practices.
Additionally, the alliance seeks to address regulatory and policy frameworks that require revision to foster a more conducive business environment for AI integration in industries.
During the ceremony, first Vice Industry Minister Jang Young-jin emphasized the necessity for essential innovation. “Fundamental innovation is a must to respond to global uncertainties and overcome industry limitations,” he said. The government has pledged its active support to reinforce companies’ competitiveness through AI-based technologies.
The South Korean government has been showing active participation in AI initiatives. Last month, The National Institute of Technology and Standards (NITES) under the Ministry of Trade, Industry, and Energy established the first national standard (KS) for AI ethics in Korea.
The collaboration within the “Industrial AI Alliance” is expected to drive advancements in AI applications, providing industries with new tools and strategies to thrive in the evolving business landscape.