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Finance

Democratic Party hails KOSPI 5,000 breakthrough, vows follow-up laws

South Korea's Democratic Party on Wednesday celebrated the KOSPI’s first-ever break above 5,000 and said it would step up follow-up legislation, including a third revision to the Commercial Act. Floor leader Han Byung-do called it a record 46 years after the index’s launch. Party officials vowed tougher punishment for stock manipulation, mandatory treasury share cancellation and investor-friendly systems, while also voicing concern about the won’s continued rise in the exchange rate.

AI & Enterprise

Baek Kyeong-hoon meets veteran ICT figures to discuss 'AI G3' strategy

Deputy Prime Minister Baek Kyeong-hoon, who also serves as science and ICT minister, met veteran figures from the information and communications sector on Thursday ahead of the Jeongwoo Association's New Year gathering. The meeting in Seoul aimed to set the direction of the ministry after its elevation and the launch of an AI office, and to seek advice for an 'AI G3' leap. Attendees included eight former ministers and Jeongwoo Association Chairman Kim Chang-gon.

Games & Commerce

NextKitchen suspends husband of Kurly chief after sexual assault indictment

NextKitchen said on Jan. 22 it has apologised and suspended its chief executive after he was indicted on a charge of indecent assault. The company said he has been excluded from management and all duties until a full review is completed by an independent external specialist body. Prosecutors indicted him without detention over allegations he sexually assaulted a Kurly trainee employee in June last year. The case was investigated after a complaint by the employee.