[Asia Economy Reporter Moon Hyewon] Hyundai Heavy Industries Holdings announced on the 22nd that it will establish a new company, Avikus, which develops and sells autonomous navigation solutions and navigation assistance systems.


This involves separating the group’s internal organization related to autonomous navigation, with Hyundai Heavy Industries Holdings investing 6 billion KRW to establish Avikus as a 100% subsidiary.



A Hyundai Heavy Industries Group official stated, "We established the new corporation to proactively enter the market for navigation assistance systems utilizing artificial intelligence technology, seeing its growth potential."


This content was produced with the assistance of AI translation services.

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