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- General manager Chung Ki– Sun discussed with the chairman Peter Thiel To advance business collaboration, digital transformation (DX) and business leadership agendas.
- In this year, the establishment of a joint venture for big data solutions has been discussed to build a big data platform to provide services to the government and private sectors.
- “With Palantir, we will further accelerate digital transformation,” said CEO Chung.
SEOUL, South Korea, October 30, 2022 /PRNewswire/ — CEO of HD Hyundai (formerly Hyundai Heavy Industries Holdings) Chung Ki– Sun met with the founder and chairman Peter Thiel Palantir Technologies, the world’s No. 1 big data company, to discuss new business development and the overall business agenda.
HD Hyundai CEO Chung Ki-sun and Palantir Co-founder and Chairman Peter Thiel agree to form a joint venture for big data.
Hyundai Heavy Industry Group (HHI Group) announced October 30 CEO Chung met with Palantir Chairman Thiel at the Uedo Fairmont Hotel in Seoul during the Chairman’s visit to Korea. They exchanged views on the upcoming joint venture (JV) between HHI Group and Palantir and the current bilateral business development joint venture (JV).
CEO Chung and Chairman Thiel reviewed the state of digital transformation (DX) in the shipbuilding, energy and construction equipment business areas of HHI Group under bilateral cooperation.
In September, HHI Group “Foundry”, Palantir’s corporate big data platform, signed a major contract to introduce all partners under the shipbuilding business, and plans to use the platform to establish a shipyard base with autonomous operation, which is currently. In progress.
The two business leaders also exchanged views on global inflation, rising interest rates and the energy crisis, coupled with long-term business uncertainty. Russia–Ukraine War and common ideas about organizational survival and growth strategy in the complex economic crisis.
In addition, CEO Chung and Chairman Thiel agreed to complete the formation of a JV this year to introduce and provide large data platform services for public institutions and the private sector in Korea. HHI Group and Palantir plan to expand sales through the JV by providing a customer-friendly big data solution in Korea, where a world-class IT infrastructure has been established.
HHI Group provides accumulated expertise in the world’s No. 1 shipbuilding and various manufacturing businesses and forms a bridge to the Korean market and entry strategies. At the same time, Palantir builds a large data platform for customers and takes responsibility for software delivery and operation.
“The meeting with Chairman Thiel was very constructive and fruitful. Together with Palantir, we will set the pace for digital transformation based on data and AI,” said CEO Chung.
“For a world-leading shipbuilding company like Hyundai Heavy Industry Group, the logistics challenges are immense,” said Palantir’s co-founder and chairman. Peter Thiel. “Those hard problems are what Palantine engineers thrive on.”
- About the chairman Peter Thiel Palantir Technologies
Chairman Peter Thiel PayPal was founded in 1998 and is the world’s first fin-tech company. Elon Muskand co-founded with Palantir Alex Carp In the year Known as a “Silicon Valley heavyweight” in 2004, Facebook has invested in more than 150 IT companies, including LinkedIn, Tesla Motors, SpaceX and Airbnb.
Source: Hyundai Heavy Industries (HHI) Group
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