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The science ministry announced on Monday that a local artificial intelligence research firm nurtured at a state-run industrial cluster has become an affiliate of a Nasdaq-listed rare earth supply chain company, effectively entering the U.S. stock market. Hanlab, an AI automation firm based at Innopolis Daedeok in the central city of Daejeon, has become a subsidiary of Evolution Metals & Technologies (EMAT) Corp., which debuted on the Nasdaq last month. This marks the first time a research institute from a state research and development cluster has advanced through the Nasdaq market.

Rapporterad av AI

South Korea's science ministry has shared views with Nvidia on quickly establishing a research center in the country. Second Vice Science Minister Ryu Je-myung met with a Nvidia executive in California on Friday to discuss the matter. The two sides also explored ways to jointly nurture AI startups.

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