Hyundai Steel Signs Strategic Agreement with AWS to Strengthen Digital Transformation and Low-Carbon Steel Collaboration
Discussion on Introducing AWS Cloud Infrastructure at Domestic Sites
Hyundai Steel is partnering with global cloud company Amazon Web Services (AWS) to accelerate its digital transformation and expand the use of low-carbon steel products.
On July 3, Hyundai Steel announced that it had signed a Strategic Framework Agreement (SFA) with AWS at 'The Spheres' located at Amazon's headquarters in Seattle, USA. Through this agreement, the two companies will jointly pursue the introduction of AWS cloud infrastructure for Hyundai Steel's digital transformation, as well as explore ways to apply Hyundai Steel's low-carbon steel products in the construction of AWS data centers.
Executives from Hyundai Steel and AWS are posing for a commemorative photo after signing an agreement. From the left, Martin Malick, Vice President of AWS; Seunghui Kim, Executive Director of Hyundai Steel; Kerry Person, Vice President of AWS; Hugon Kim, Executive Director of Hyundai Steel. Provided by Hyundai Steel
View original imageWith this agreement, Hyundai Steel plans to transition the production management systems and data analysis operations at its domestic sites to an AWS cloud-based platform, and is considering establishing a real-time data integration and analysis system utilizing artificial intelligence (AI). In addition, the company will seek to apply its low-carbon steel products to AWS's global data center construction projects currently underway in the Asia-Pacific region and other areas.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Kim Seunghoe, Head of DX Promotion at Hyundai Steel, stated, "This agreement is an important starting point for maximizing synergy between the two companies. In particular, it is significant for Hyundai Steel as it pioneers the global market for low-carbon steel and strengthens its digital competitiveness. Through cooperation with AWS, we will present a new vision for the steel industry." Ozgur Tohumcu, Head of Automotive and Manufacturing at AWS, commented, "AWS and Hyundai Steel share a joint commitment to innovation for customers and the industry as a whole. We are proud to collaborate on Hyundai Steel's journey to accelerate digital transformation through cloud and AI technologies."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.