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Finance

Hana Bank to provide 200 billion won financial support for young entrepreneurs with Kibo and Kodit

Hana Bank will provide 200 billion won in financial support for young entrepreneurs and youth-led companies in cooperation with the Korea Technology Finance Corporation and the Korea Credit Guarantee Fund. Under the agreement, eligible borrowers aged 39 or younger can receive guaranteed loans, with up to 300 million won available per company and a 100 percent guarantee ratio. Hana Bank will also cover a fixed 0.3 percent guarantee fee and offer savings-rate coupons to younger customers.

AI & Enterprise

South Korea Blue House AI policy post vacant for four months, raising questions over successor

The Blue House post overseeing South Korea’s AI policy has been vacant for four months after the former senior secretary stepped down in April to run in a by-election. With the Democratic Party completing leadership elections and talk of further cabinet reshuffles, attention is returning to whether a delayed appointment will move ahead. Industry voices say a successor is needed as major AI projects enter an execution phase, while the role requires cross-ministry coordination and careful management of conflicts of interest.

Telecommunications & Media

3G set to fade as SKT halts new sign-ups and KT prepares to follow

South Korea’s 3G mobile service is entering an exit phase after SK Telecom halted new sign-ups and KT began preparing to do the same. The move blocks new users but does not shut down the 3G network, which will continue operating for existing subscribers. A full shutdown requires carriers to submit user-protection plans to the Ministry of Science and ICT and receive approval. 3G phone lines stand at 328,124, about 0.6 percent of total.