00:02You're listening to AI PRISM, from Seoul Economic Daily.
00:06Hyundai says it will pass Tesla on driving data by 2033.
00:11It has put dates on every step.
00:13SK's chairman says the AI boom has to start paying for itself.
00:17Korean biotech recorded zero technology exports in the two fastest-growing drug categories.
00:22And the incoming finance minister has ruled out another corporate tax cut.
00:27It's Monday, September 14th.
00:29Let's look at a business story shaping corporate Korea.
00:32Hyundai Motor Group laid out its autonomous driving roadmap at 42DOTS headquarters in Songnam on the 11th.
00:39The argument is scale.
00:417 million vehicles a year generating driving data that trains models,
00:45which then ship in cars that generate more data.
00:48Park Min-woo, president of the Advanced Vehicle Platform Division at Hyundai and Kia,
00:53calls it a data flywheel.
00:55Here's what the numbers show.
00:56The sequence is dated.
00:58Level 2 Plus on NVIDIA hardware in the first half of 2028.
01:03Level 2 Double Plus in the second half.
01:06And Level 2 Double Plus on Hyundai's own Atria AI platform in the second half of 2029.
01:12The company's claim is that within five years of volume production,
01:15it overtakes rivals on cumulative data.
01:19Chae Tae-won put the counterweight on the table at the Ulsan Forum.
01:22He argued,
01:24AI has to reach a structure where it earns and reinvests,
01:27because heavy spending without return is how a boom deflates.
01:31The spending is real.
01:32JP Morgan projects capital expenditure at the five largest global tech firms
01:37at $791 billion this year and $1 trillion next.
01:43Bank of Korea data shows their first half bond issuance equal to 51.3% of that spending.
01:49SK's own AI data center with Amazon Web Services in Ulsan has gone from 103 megawatts to 1 gigawatt,
01:58a 7 trillion won project, roughly $5.2 billion.
02:02Two more items for the board.
02:04Global Pharma Licensing hit 120 deals worth $144 billion in the first half,
02:11with ADC deal value up 246%,
02:15while Korean companies recorded zero technology exports in ADC and RNA.
02:21And Finance Minister nominee Lee Hyung-il told Parliament that no further corporate tax cut is under review,
02:27that differentiating corporate tax rates by region requires caution,
02:32and that the financial investment income tax will only be revisited once markets stabilize.
02:37So what should executives take into planning from this?
02:40Hyundai is betting that manufacturing volume converts into a data asset,
02:45and it has committed to dates.
02:47Che is naming the opposite risk,
02:49that capital deployment is running ahead of monetization across the sector.
02:53Both can hold at once.
02:54The difference is whether your AI spending sits inside a product that already sells.
02:59Three dates.
03:01Lee Hyung-il's confirmation hearing on the 15th,
03:04the Federal Reserve on the 16th,
03:05and the Bank of Japan on the 18th.
03:08That's today's AI Prism CEO.
03:10This episode was produced with AI assistance based on Seoul Economic Daily reporting,
03:15and reviewed by a human editor.
03:18AI Prism is a Won Ifra award-winning series.
03:21We'll be back tomorrow.
03:22You've been listening to AI Prism from Seoul Economic Daily.
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