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AI & Enterprise

AI agent era needs 'AI compliance officer'; trust will determine AI adoption

As AI evolves into a digital employee carrying out real work, calls are growing to extend compliance monitoring and internal controls from people to AI. Tinaps CEO Minseung Kang says how smart AI becomes and how far companies allow it to be used are separate issues. He argues firms need an 'AI compliance officer' to verify AI outputs and actions in real time, set handoff rules to humans, and build governance that applies regardless of which model is used.

Industry

Wafer supply bottleneck drives longer-term contracts

As supply bottlenecks for AI semiconductors spread from high-bandwidth memory and substrates to silicon wafers, long-term supply agreement terms have extended to as long as 10 years from a standard 3 to 5 years. Wafer capacity expansion has stalled while advanced packaging has increased wafer consumption. Micron provided $500 million in strategic financing to GlobalWafers and signed a 10-year agreement. South Korean memory makers are also shifting toward 5-year-plus lock-in and capacity-linked contracts.

Finance

Financial groups' M&A race heats up again as insurers are bought in succession

Mergers and acquisitions of insurers by South Korea’s financial groups are picking up again, with Korea Investment Financial Holdings securing preferred bidder status for KDB Life and OK Financial Group proceeding with steps to buy Yebyeol General Insurance. Kyobo Life is pursuing AXA General Insurance, while Shinhan Financial Group is again being mentioned as a possible buyer for Lotte Insurance, which is preparing for sale. Groups are seeking either new entry into insurance or reinforcement of weaker segments.