Transformation of the 'old industry'...Daedong, Socar, Woongjin, evolving into 'AI companies'

(Seoul=Yonhap News) Reporter Ahn Yong-soo = Agricultural machinery manufacturers, educational material companies. While they may appear to be traditional industries based on their corporate classifications, there are companies that are internally transforming into 'tech-centered' entities equipped with artificial intelligence (AI). These companies are Daedong [000490] and Woongjin [016880]. Although their main businesses may seem to be in the conventional sector at first glance, they are actually attempting to innovate their business models based on future technologies such as AI, data, platforms, and robots. Socar started as a venture driven by car-sharing but recently began to push for growth through AI after showing signs of stagnation with its rental car business. ◇ Daedong, challenging 'Nongsla'...transforming into an 'agricultural tech company' Daedong announced last month that it had signed a business agreement with Naver Cloud to develop agricultural AI agents. Based on ...