Asian Stocks Rally on Ceasefire Hopes and Bargain Buying 
Kia Cuts EV Sales Target for 2030 Amid Slowing Demand and U.S. Policy Shifts 
U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets 
Gold Prices Rise on Weaker Dollar and Ceasefire Hopes 
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave 
Tokyo Electric Power Attracts Major Investors Amid Billion-Dollar Restructuring Push 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Colombia and Ecuador Trade War Escalates With Retaliatory Tariffs 
SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20 
Gold Prices Dip Amid Middle East Uncertainty and Inflation Fears 
Middle East Conflict Threatens Global Economic Stability, World Bank Warns 
Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs 
Chalco Stock Surges as Q1 2025 Profit Forecast Jumps Up to 58% 
Bill Ackman Eyes New Fund to Bet Against Market Complacency 
China's Inflation Data Misses Forecasts as Consumer Prices Slow in March 
In a bid to advance South Korea's artificial intelligence (AI) capabilities, telecom giant KT Group is investing $11.65 million (KRW15 billion) in local AI startup Moreh. Alongside subsidiary KT Cloud, the group aims to establish a comprehensive system covering all aspects of AI development, from hardware to software.
As per The Korea Times, KT Group confirmed this is actually its second investment in the software company and its first investment was handed down in 2021. For this new deal, it will give KRW10 billion while its KT Cloud subsidiary will provide KRW5 billion to complete the funds.
For the deal, the company stated, "The cooperation between KT Group and Moreh will be a milestone in securing the country's AI competitiveness based on domestic technology because the domestic AI infrastructure market is largely dependent on overseas solutions."
KT added, "We will continue to do our best to help domestic partners such as Moreh play an active role in the global AI market."
Moreh is a startup firm that specializes in AI software. It provides an AI infrastructure software stack, AI cluster, and cloud services. With the application of this infrastructure software stack from Moreh, they can solve the dependence on foreign GPUs, as the software is already compatible with Nvidia's CUDA.
"Together with Moreh and Rebellions we are promoting the design and verification of next-generation AI semiconductors and collaboration on large-scale language models," Business Korea quoted a KT official as saying. "We will be able to succeed by combining KT Group's AI infrastructure and application services with Moreh's AI semiconductor driving software and Rebellions' AI semiconductor capabilities."
Finally, KT Group can see that this new investment will help bolster its AI full-stack partnership. In any case, it was exactly a year ago when the company also invested KRW30 billion in Rebellions, a similar company that specializes in AI semiconductors.
Photo by: KT Corp. Website
