Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Do Korean doctors make too much money?

    Do Korean doctors make too much money?
  2. 2

    Court refuses injunction on medical school expansion

    Court refuses injunction on medical school expansion
  3. 3

    Why Korean crime stories typically feature nameless, faceless perpetrators

    Why Korean crime stories typically feature nameless, faceless perpetrators
  4. 4

    Is FTC's conglomerate listing a boon or bane for Hybe?

    Is FTC's conglomerate listing a boon or bane for Hybe?
  5. 5

    Debate on 'no-seniors zones' heats up

    Debate on 'no-seniors zones' heats up
  1. 6

    S. Korea, Cambodia forge strategic partnership

    S. Korea, Cambodia forge strategic partnership
  2. 7

    Rare mid-May heavy snow warning issued over mountainous areas of Gangwon

    Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
  3. 8

    Is NewJeans headed for a long 'break'?

    Is NewJeans headed for a long 'break'?
  4. 9

    [KH Explains] Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut

    [KH Explains] Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut
  5. 10

    Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions

    Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
지나쌤

LG CNS enters steel scrap market

By Shim Woo-hyun

Published : May 2, 2024 - 16:19

    • Link copied

From left: LG CNS CEO Hyun Shin-gyoon, Aimos CEO Kim Beom-seock and Daehan Steel CEO OH Chi-hoon pose for a photo during the joint venture launch event held in Busan, Tuesday. (LG CNS) From left: LG CNS CEO Hyun Shin-gyoon, Aimos CEO Kim Beom-seock and Daehan Steel CEO OH Chi-hoon pose for a photo during the joint venture launch event held in Busan, Tuesday. (LG CNS)

LG CNS said Thursday that the company has entered the steel scrap market by setting up a joint venture with local steel firm Daehan Steel.

The new entity, called Aimos, will develop a cloud and artificial intelligence-based solution that can sort out scrap steel from metallic waste.

“The demand for steel scrap is increasing along with the wider adoption of environment-friendly electric arc furnaces that use steel scrap as its raw material,” an official from LG CNS said.

Its new solution has studied hundreds of thousands of steel scrap images provided by Daehan Steel. It can recognize different sizes, types and grades of steel scrap through vision cameras.

Aimos will provide the solution as on-demand software to corporate clients.

“LG CNS will continue to accelerate the digital transformation of Aimos to help local steel companies advance their sustainable steel production,” said LG CNS CEO Hyun Shin-gyoon.

More from Headlines