The Korea Evaluation Institute of Industrial Technology (KEIT) announced on the 19th that it had signed a memorandum of understanding (MOU) with Korea Development Bank (KDB) on the 16th to support the AI transition of Korean industry.

This agreement was prepared as a follow-up measure to the “M.AX (Manufacturing AX, manufacturing AI transition) Alliance–National Growth Fund” linkage meeting jointly held by the Ministry of Trade, Industry and Energy and the Financial Services Commission in December last year. Its core aim is to establish a cooperative framework that links industrial technology policy with policy finance to accelerate AI transition across industry as a whole.

Through this MOU, the two institutions plan to cooperate on ▲information sharing for the formulation of policies and strategies in the AI field for Korean industry ▲joint research and analysis of domestic and global AI technology and industrial trends ▲information exchange for companies participating in the M.AX Alliance. By linking the M.AX Alliance with the National Growth Fund based on policy finance, they intend to establish an integrated support system that covers the entire process from technology development to commercialization and investment linkage.

Jun Yoon-jong, President of KEIT, said, “As the lead institution of the M.AX Alliance, KEIT will expand AI utilization across industry and accelerate field-oriented industrial AI transition through cooperation with KDB and the National Growth Fund operated by KDB.”

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