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AI & Enterprise

Hwang Jung-a says PPA cap is 40 MW for 1 GW AI factory; Bae Kyung-hoon cites LNG pilot talks

South Korea’s planned AI data centres are expected to require about 18.4 GW of power by 2035, prompting criticism that current limits on direct power purchase agreements are too small for 1 GW-class AI factories. Democratic Party lawmaker Hwang Jung-a urged changes to power supply systems and PPA rules, along with reforms tied to onsite generation such as LNG and SMR. Deputy Prime Minister Bae Kyung-hoon said he agreed.

Finance

Toss Payments admits lapses in data leak management, pledges tighter oversight of merchants

Toss Payments acknowledged shortcomings in its management of a recent data leak and said it will strengthen security oversight extending to merchants. CEO Lim Han-wook appeared as a witness at a parliamentary audit on Oct. 6. The company said payment information was viewed externally at a single merchant using its payment gateway service after an integration key was exposed. It said 4,131 payment records involving 2,671 people were accessed, with no fraudulent payments confirmed.

Games & Commerce

Shinsegae to invest $1 billion in Warner Bros acquisition

Shinsegae Property will invest $1 billion in the acquisition of Warner Bros, the company said on Monday, joining as an investor in a deal being pursued by Paramount. Shinsegae Group said it aims to use Hollywood content as a new growth engine and expand its portfolio into global content. It also plans to use intellectual property at offline sites, explore cooperation with HBO Max and Paramount Plus, and pursue joint content production over the long term.