S. Korea, BlackRock forge partnership to build Asia's AI hub in Korea

NEW YORK CITY — Korea and BlackRock, the world's largest asset manager, have formed a strategic partnership to position the country as "artificial intellitence (AI) capital in Asia" through large-scale joint investments in data centers and renewable energy. The agreement was made on Monday during a meeting between President Lee Jae Myung and Larry Fink, interim co-chair of the World Economic Forum and CEO of BlackRock. The president is visiting New York City for the United Nations General Assembly. During the talks, the Korean government and BlackRock signed an investment partnership MOU, which highlighted a three-pronged approach on exploring combined development of data centers, establishing Korea as the Asia-Pacific base that can serve both domestic and regional needs, and enabling Korea to participate in international AI infrastructure projects. "President Lee welcomed the opportunity to cooperate in making Korea the AI capital of the Asia-Pacific region, calling for close collaboration to deliver tangible results. The president also extended an invitation for Chairman Fink to visWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times