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Finance

As KOSPI surges, shift of bank funds to stock market accelerates

Funds that had stayed in banks are moving quickly into the stock market as the KOSPI repeatedly sets new highs, with the 5,000-point level seen within reach. Demand deposits at South Korea’s five biggest banks fell about 30 trillion won from the end of last year, and time deposits also declined. In contrast, investor deposits at brokerages hit record highs. Banks are watching whether the trend persists into February.

AI & Enterprise

Trillionlabs to join additional bidding for Korea's independent AI foundation model program

Trillionlabs, an AI model development startup, said it will actively participate in an additional call for proposals for the Science and ICT Ministry’s independent AI foundation model programme, expected soon. The company said it develops foundation models from scratch, covering design through training, and has built in-house architecture, data pipelines and training processes. It said it shares technical assets including algorithms and checkpoints via the open-source community and cited Hugging Face statistics on contributions.

AI & Enterprise

Kuaishou AI video tool Kling tops 12 million MAU; 2025 revenue seen at $140 million

China short-form video platform Kuaishou Technology is moving to monetise the generative AI market with its in-house AI video creation tool, Kling AI. Kling AI has more than 12 million monthly active users and generated more than $20 million in revenue last month, the Wall Street Journal reported. Kuaishou raised its 2025 annual revenue forecast for Kling AI to $140 million from $100 million. S&P Global Ratings cited its AI content and graphics capabilities.