HD Hyundai CEO Chung Ki-sun Discussed Business Expansion with Chairman Peter Thiel of Palantir Technologies

  • CEO Chung Ki-solar reviewed with Chairman Peter Thiel to make development in organization cooperation, electronic transformation (DX), and business enterprise administration agenda.
  • Establishment of a joint venture for big information alternatives within just this year was talked about to construct a massive knowledge system to supply support for the public and non-public sectors.
  • “We will further speed up the electronic transformation with Palantir,” said CEO Chung.

SEOUL, South Korea, Oct. 30, 2022 /PRNewswire/ — High definition Hyundai (former Hyundai Heavy Industries Holdings) CEO Chung Ki-sunshine satisfied with Co-founder and Chairman Peter Thiel of Palantir Technologies, the world’s no.1 significant information enterprise, to examine new organization advancement and general business enterprise agenda.

Hyundai Significant Marketplace Team (HHI Group) declared on Oct 30 that CEO Chung had a discussion with Palantir Chairman Thiel at Yeouido Fairmont Lodge Seoul in the course of the Chairman’s go to to Korea. They exchanged thoughts about an impending joint enterprise (JV) between HHI Group and Palantir and the company growth now below bilateral cooperation.

CEO Chung and Chairman Thiel examined the digital transformation (DX) status in HHI Group’s small business places of shipbuilding, vitality, and construction machines, which are underneath bilateral collaboration.

In September, HHI Team signed the key deal to introduce “Foundry,” Palantir’s corporate large info platform, to all the affiliates under the shipbuilding business enterprise, and planned to make the most of the system to create the foundation for a shipyard with autonomous procedure, which is at the moment less than advancement.

In addition, the two business enterprise leaders exchanged opinions about business uncertainty triggered by around the globe inflation, fascination level maximize, and the vitality disaster merged with the extended RussiaUkraine war and shared ideas about company survival and progress technique amid the elaborate economic disaster.

In addition, CEO Chung and Chairman Thiel agreed to finalize the JV establishment this year to introduce and source a tailor-made significant data platform support to community institutions and the personal sector in Korea. HHI Team and Palantir program to broaden product sales as a result of the JV by supplying a purchaser-tailor-made big facts remedy in Korea, where the planet-course IT infrastructure is proven.

HHI Team will supply know-how gathered in its world’s no.1 shipbuilding enterprise and a variety of manufacturing organizations and establish a bridgehead in the Korean current market and entry techniques. At the very same time, Palantir will construct up a significant data platform for prospects and just take obligation for program source and procedure.

“The assembly with Chairman Thiel was extremely constructive and fruitful. With Palantir, we will equipment up the speed for electronic transformation based on facts and AI,” stated CEO Chung.

“The logistical issues for a planet-top shipbuilding enterprise like Hyundai Weighty Industries Group are immense,” stated Palantir Co-Founder and Chairman Peter Thiel. “Individuals tough difficulties are where Palantir’s engineers prosper.”

  • About Chairman Peter Thiel of Palantir Technologies
    Chairman Peter Thiel started PayPal in 1998, the world’s initially Fin-tech business and operated it with Elon Musk, and co-established Palantir with Alex Carp in 2004. Known as a “Silicon Valley heavyweight,” he invested in around 150 IT providers, which includes Facebook, LinkedIn, Tesla Motors, House X, and Airbnb.

Supply Hyundai Large Industries (HHI) Group