Hyundai Steel announced on the 3rd that it signed a Strategic Framework Agreement (SFA) with Amazon Web Services (AWS), the world's leading cloud corporation, at The Spheres in Amazon's headquarters in Seattle on the 1st (local time). This is interpreted as a strategy to expand its global market and accelerate digital transformation.

Executives from Hyundai Steel and Amazon Web Services (AWS) pose for a commemorative photo after signing a strategic framework agreement. From left: Martyn Mallick, AWS Vice President; Kim Seung-hwi, Hyundai Steel Executive Director; Kerry Person, AWS Vice President; Kim Hu-gon, Hyundai Steel Executive Director. /Courtesy of Hyundai Steel

Through this agreement, Hyundai Steel will discuss the implementation of AWS cloud infrastructure in its domestic business sites. This includes moving its production management system and data analysis tasks to the AWS cloud to establish an AI-based real-time data integration and analysis environment.

It will also promote the supply of carbon-reducing steel materials for AWS's data center construction projects. AWS is constructing data centers in the Asia-Pacific region and elsewhere. Last month, it was decided to jointly establish a large-scale AI-exclusive data center in Ulsan worth 7 trillion won with SK Group.

Kim Seung-hui, head of DX Promotion at Hyundai Steel, noted, "This signifies the development of a global market for carbon-reducing steel and the strengthening of digital competitiveness," adding that "through collaboration with AWS, we will propose a new vision for the steel industry."

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