Hyundai Motor Group Joins Korea's Sovereign AI Race

Finance|
|
By Kim Yun-Su, Kim Ki-Hyuk
|

Hyundai Motor Group is entering Korea's national artificial intelligence development initiative aimed at building capabilities rivaling global Big Tech companies. The group plans to adopt industry-specific AI models developed by NC AI across its key affiliates, supporting the government's push to expand a sovereign AI ecosystem.

Lee Yeon-su, CEO of NC AI, announced at the Ministry of Science and ICT's "Independent AI Foundation Model Project" briefing held at COEX in Seoul on Wednesday that the company is developing VAETKI, a proprietary 100-billion-parameter model for industrial applications including manufacturing.

"We are conducting technical cooperation with Hyundai AutoEver for industrial AX (AI transformation)," Lee said.

The Independent AI Foundation Model Project is a government initiative providing concentrated development resources including graphics processing units to help domestic companies build Big Tech-level AI models. Five companies are competing in the project: NC AI, SK Telecom, LG AI Research, Naver, and Upstage.

Hyundai AutoEver, the IT services affiliate of Hyundai Motor Group, will first deploy VAETKI to automate its automotive industry-specific enterprise resource planning systems. As the group's primary IT systems integrator, Hyundai AutoEver is expected to apply the results of this collaboration to broader group-wide business innovation.

Hyundai AutoEver has also joined the Independent AI Foundation Model consortium led by NC AI.

Original reporting by Kim Yun-Su, Kim Ki-Hyuk for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

Watch · Seoul Economic Daily

More →

AI KEY

Preview
Korean Corporate Intelligence HubKOSPI · KOSDAQ · 12 sectors

A live, cap-weighted view of every KOSPI and KOSDAQ sector, with same-day Korean reporting distilled by company — built for foreign investors, correspondents and analysts who need to scan Korea before the next session.

Korea Company Atlas

Preview
Market Ontology · The Feedback LoopKFTC 2025 · 92 groups · 121,954 articles

An English ontology of the Korean market — how companies, the media, the government and the National Assembly move each other in a loop. Korea's named controlling persons and designated business groups are a mechanism, not a risk to be priced blind.

SIGNAL

Pre-register
English Edition · Capital MarketsM&A · IPO · PE · Fund Flows

Pre-register for SIGNAL English Edition — a premium subscription bringing Korean capital markets coverage (M&A, IPOs, private equity, fund flows) to global institutional investors. First access to the 50% introductory rate.