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Finance

FSS to shift digital, IT oversight to prevention, step up checks on AI and crypto

South Korea's Financial Supervisory Service said consumer protection will be the top priority in its 2026 supervision and inspections of the digital and IT sector, and it will move IT risk oversight to a preventive approach. It said it will strengthen digital resilience to minimise consumer damage and restore services quickly after incidents. The watchdog also outlined plans to support AI innovation while urging stronger risk management and internal controls, and to step up monitoring of big-tech e-finance firms and the virtual asset market.

Industry

MSIT holds clean hydrogen technology innovation forum

South Korea's Ministry of Science and ICT said on Tuesday it held a clean hydrogen technology innovation forum at the Korea Research Institute of Chemical Technology in Daejeon and shared first-phase results from national hydrogen-focused laboratories launched in July 2025. The forum presented results across five areas including water electrolysis and liquid organic hydrogen carriers. The ministry plans 25.1 billion won of investment this year and to secure budget for new projects worth 17.1 billion won.

AI & Enterprise

Tech Insight: No SaaSpocalypse; AI is good for the software industry

Anxiety that AI will erase the enterprise software market has pushed a listed software company ETF down 30 percent since early 2026, wiping out gains since ChatGPT’s launch. Shares of major firms including Salesforce and Adobe fell 25 to 30 percent in weeks, fuelling “SaaSpocalypse” talk. Andreessen Horowitz partners Alex Immerman (알렉스 이머만) and Santiago Rodriguez (산티아고 로드리게스) said the thesis misunderstands what software companies sell and argued AI can expand the industry even as some firms fall away.