GS, LlamaIndex host seminar on AI innovation

South Korean energy, retail and construction giant GS Group said Friday it hosted its GenAI Connect Day workshop at its Yeoksam headquarters to share global trends in artificial intelligence. The event was jointly organized with LlamaIndex, a San Francisco-based company specializing in AI services for large language model applications. In Silicon Valley, LlamaIndex is acknowledged as one of the key innovators in the generative AI industry. Pierre-Loic Doulcet, founding engineer of LlamaIndex, an

Sept. 27, 2024

Posco’s volunteer program fosters spirit of sharing

South Korean steel giant Posco Group said Friday that it hosted two work camps for university students in North Gyeongsang Province and South Jeolla Province from July to August. The company annually recruits university students for its volunteer group, called Beyond. This year, 50 students from 40 Korean universities worked in various voluntary activities to address environmental and social issues. In July, the volunteers planted 400 magnolia seedlings at Baekdudaegan National Arboretum, creati

Sept. 27, 2024

Posco International joins global efforts for biodiversity

Posco International, the trading and energy arm of Posco Group, said Thursday that it has signed a memorandum of understanding with the East Asian-Australasian Flyway Partnership to join forces for biodiversity. Under the agreement signed Wednesday at the Songdo Posco Tower in Incheon, Posco will partner with the EAAFP to carry out projects that preserve domestic and foreign habitats of black-faced spoonbills. EAAFP, established in 2006, is an international organization dedicated to the conserva

Sept. 26, 2024

Citibank supports Habitat for Humanity in addressing homelessness

The Citi Foundation, affiliated with Citibank Korea, announced Wednesday it has chosen Habitat for Humanity Korea as a recipient of the 2024 Global Innovation Challenge, which supports solutions that combat homelessness. Habitat for Humanity Korea, one of the recipient 50 community organizations worldwide, will receive $500,000 in catalytic funding. In total, the Citi Foundation will donate $25 million to address the global issue. “Since launching the inaugural Global Innovation Challenge

Sept. 25, 2024

LG Energy Solution launches B.around

South Korea’s top battery-maker LG Energy Solution has unveiled a new brand for its battery management total solutions, dubbed B.around. The brand name aligns with the company’s corporate slogan, “Be around your side,” signifying its continuous commitment to partners and customers. The company explained that the name reflects its advanced battery management total solutions technology, which monitors battery conditions in real time to handle any kind of situation. As safet

Sept. 25, 2024

SPC eyes foray into Eastern Europe

South Korean bakery giant SPC Group said Tuesday it hosted a conference in Prague last week to explore strategies for expanding its global business in Europe. SPC Group held the Paris Baguette Europe Conference in the Czech capital on Thursday and Friday. Chairman Hur Jin-soo and Jack F. Moran, head of SPC's European operations, put their heads together for ways to penetrate the Eastern European market. On the first day, Hur met with CzechInvest CEO Jan Michal to discuss investment strategi

Sept. 24, 2024

SC Bank launches new high-interest savings account

Standard Chartered Bank Korea said Tuesday that it launched a new savings account offering eligible customers a special annual interest rate of up to 4 percent. The name of the product, Hi account, reflects both a greeting to new customers and the promise of a high interest rate. The account adds a maximum of 3.9 percentage points to the base rate of 0.1 percent. For up to one year from the account opening, new SC Bank customers can get an additional interest rate ranging from 2.4 to 3.4 percent

Sept. 24, 2024