Gwangju AI Companies Get Green Light for Global Market Expansion

City Signs MOU with Shanghai's "AI Hub"
Close Cooperation on AI Demonstration Technologies and Platform Development

Kang Kijeong, mayor of Gwangju, delivered a greeting on the 26th (local time) before signing a memorandum of understanding with Lingyang Smart Tech, Pudong Software Park Venture Capital Management Co., Ltd. in Shanghai, China, to foster the AI industry ecosystem and establish a global cooperation system. Provided by Gwangju City

Gwangju, known as the “AI Hub City of Korea,” has secured a foothold for local artificial intelligence (AI) companies to enter the global market.

According to the city on September 28, Mayor Kang Kijeong and a Gwangju delegation signed a memorandum of understanding (MOU) with Pudong Software Park Venture Capital Management Co., Ltd. and Lingyang Smart Tech at Pudong Software Park in Shanghai, China, on the 26th (local time) to foster the AI industry ecosystem and establish a global cooperation system.

The signing ceremony was attended by Mayor Kang, Party Secretary and General Manager Ne Ying and President Tong Jianfei of Pudong Software Park Venture Capital Management Co., Ltd., as well as President Yang Yujun of Lingyang Smart Tech and other key stakeholders. They reaffirmed their commitment to building a cooperative framework encompassing industry, technology, and talent.

Under the agreement, the institutions will establish a cooperative system for industry, technology, and talent development through the MOU, with a particular focus on actively supporting Gwangju-based AI companies as they enter the Chinese market. The main areas of cooperation include: ▲ mutual support for overseas market entry through the sharing of innovative technologies and market information; ▲ collaboration on AI-based demonstration projects and the research and development of advanced models; and ▲ the creation of educational programs and expert exchange platforms to nurture next-generation AI talent. Through this multifaceted collaboration, Gwangju’s AI companies are expected to enhance their competitiveness by accessing China’s vast market and advanced technologies.

Party Secretary and General Manager Ne Ying stated, “AI City Gwangju is not only closely connected to China but is also an important cooperation partner. I hope this agreement will become a cornerstone for both countries’ economies and a driving force for the AI industry.”

Mayor Kang said, “Gwangju, the AI hub city of Korea, is aiming to cluster 1,000 AI companies through a first-phase project worth 430 billion won, a second-phase project worth 600 billion won, and by attracting a national computing center with an investment of 2.5 trillion won. I hope this agreement will serve as a bridgehead for Gwangju’s AI companies to expand overseas.”

Meanwhile, starting with the establishment of this channel into China, the city plans to develop more concrete cooperation measures in the future, including attracting technology investment and identifying joint projects, through ongoing exchanges and communication.

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