SEOUL: Palantir Technologies Inc announced on Wednesday it signed a deal valued at US$20 million over five years to expand its partnership with South Korea's Hyundai Heavy Industries Group, one of the world's largest shipbuilding conglomerates.
Companies in the export-driven economy, faced with supply chain snarls and volatility for raw material prices, are increasingly seeking to make interconnected decisions with their data that help get immediate results in weeks, Sankar said. The deal is in addition to existing agreements with the conglomerate's refinery affiliate Hyundai Oilbank and construction machinery maker Hyundai Doosan Infracore, valued at over US$25 million combined - expanding Palantir's footprint in the country.
Palantir is also actively working to extend partnerships with South Korea's government as well as private sectors, and has formally opened an office in Seoul.
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