AI corporations Crowdworks surged 15% at the close of trading on the 9th. The increase followed reports that Lee Jae-myung, the Democratic Party of Korea presidential candidate, signed a policy agreement with the Korea Artificial Intelligence Association on the afternoon of the 8th, bringing attention to policy-related stocks.
Crowdworks, which provides data labeling services and models for AI learning, serves as the vice-chair of the Artificial Intelligence Association.
Crowdworks closed at 13,920 won, up 1,830 won (15.14%) compared to the previous trading day.
The candidate attended the '1st Moksanism Livelihood Policy Agreement Ceremony' at the Korea Federation of Small and Medium Enterprises in Yeouido on the 8th, signing a policy agreement to cooperate on securing sovereignty in artificial intelligence (AI) technology and transforming into a leading global AI nation.
The Artificial Intelligence Association emphasized the need for establishing a presidential AI control tower, expanding national AI investment, and securing core technology sovereignty in the development of Korean-style general artificial intelligence (K-AGI) when proposing 10 AI pledges last month.
The candidate urged the swift implementation of the '100 trillion won investment pledge in the AI sector', stating that it should lead to expansions in graphic processing unit (GPU) and neural processing unit (NPU) infrastructure as a result of this agreement.
Companies involved in AI businesses or that attended the ceremony all closed higher. MAUM.AI recorded a 29.71% increase, hitting the upper limit. Polaris AI rose 7.77%, and ESTsoft increased by 7.62%. Alchera and Flitto also turned from a downward trend to an upward one following the news of the policy agreement.