Hyosung announced on July 8 that it has established an 'AI Convergence Research Institute' to drive a company-wide transformation towards artificial intelligence (AI).
The AI Convergence Research Institute aims to integrate the latest AI technologies into Hyosung's core manufacturing businesses, which have been stable for over 60 years in sectors such as heavy industry, textiles, and chemicals. The organization will focus on applied and convergent research and development to enhance synergy.
Hyosung plans to leverage AI not just for improving operational efficiency or reducing costs, but as a key driver for developing high-value new products and planning and executing future business initiatives across its main subsidiaries, including Hyosung Heavy Industries, Hyosung TNC, and Hyosung Chemical.
Additionally, the company intends to elevate the sophistication of its smart factories by combining its manufacturing expertise with AI, fostering an innovative culture throughout its production sites, and strengthening its position as a global 'first mover.'
Hyosung has appointed Myeong Seong-hyun, a distinguished professor emeritus at KAIST, as the first director of the AI Convergence Research Institute.
Professor Myeong has previously served as a faculty member at Syracuse University and KAIST's Department of Computer Science. He is an AI technology expert with over 30 years of research experience in areas such as semantic-based information retrieval, text mining, natural language processing, and language modeling. For the past eight months, he has been advising Hyosung on its digital transformation and has conducted special lectures to enhance the AI capabilities of its employees.
Hyosung plans to accelerate the recruitment of next-generation talent who possess both core technical skills necessary for the AI transformation and expertise in industrial applications.
A Hyosung representative stated, 'Through the AI Convergence Research Institute, we aim to merge the manufacturing expertise accumulated by the group with AI technology, actively pursuing new product development and business discovery based on this foundation.'
* This article has been translated by AI.
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