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General News
KAIST president Lee Kwang-hyung withdraws resignation, to serve until successor appointed
Lee Kwang-hyung (이광형), president of KAIST, has withdrawn his intention to resign and will continue performing his duties until a new president is appointed. He said concerns have grown over delays in the selection process and the confusion caused. KAIST's board last month failed to appoint the 18th president after no candidate met the required majority. Lee said worries about a leadership vacuum increased amid legal revision discussions.
Crypto
SEC commissioner Peirce warns against excessive control of tokenisation market, calls disclosure rules complex
A proposal has emerged within the U.S. securities regulator to streamline corporate disclosure rules and allow limited experiments with tokenised securities. SEC Commissioner Hester Peirce said regulators should avoid trying to control markets excessively and should make disclosure requirements more efficient as discussion of tokenised securities grows. She also called for a review of whether additional disclosure duties or broker rules are needed for tokenised securities.
Industry
Government steps up push to foster 'NEXT' national strategic technologies with 8.6 trillion won in R&D
South Korea has drawn up an implementation plan to secure strategic technologies through inter-ministerial cooperation. It plans to invest 8.6 trillion won in national strategic technology R&D this year and push a shift to a new strategic technology system. The Ministry of Science and ICT approved the 2026 implementation plan under the 2024-2028 basic plan, focusing on growth support, broader technology security and a mission-oriented policy system.
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People & Appointments
Ku Hyeok-chae says Korea to bring forward future networks with Finland in quantum, 6G
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AI & Enterprise
Koscom to complete next-generation Anyang data centre by end-2026
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Finance
KOSPI falls below 5,500 on foreign, institutional selling
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AI & Enterprise
Wise iTech launches iDocu beta to automate trade document data extraction
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AI & Enterprise
WordPress launches in-browser website building tool
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Crypto
FATF warns offshore crypto firms could facilitate money laundering, sanctions evasion
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Crypto
Anchorage Digital teams up with Puffer Finance to support institutional Ethereum restaking
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Finance
KB Kookmin Bank to develop SME-focused model to boost productive finance support
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AI & Enterprise
Budget MacBook Neo shows steadier gaming performance than expected in tests
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Crypto
Ethereum layer2 developer OP Labs cuts 20 jobs to focus on core strategy
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Crypto
Crypto accounting firm Cryptio raises $45 million as institutional demand rises
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Crypto
Lido launches EarnUSD, unveils USDT and USDC-based stablecoin vault
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Crypto
Arclabs raises $5.2 million seed to expand bitcoin financial infrastructure
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AI & Enterprise
Winstechnet launches generative AI security solution SNIPER AIVAX
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AI & Enterprise
Korea Information Industry Association appoints Yang Seung-wook as new chairman