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Crypto

DAXA says cap on major shareholder stakes could hinder industry and market growth

The Digital Asset Exchange Alliance (DAXA) said it opposes the government's review of limiting major shareholders' stakes in virtual asset exchanges to 15 to 20 percent. DAXA warned the move could hinder development of South Korea's digital asset industry and market. It said forced ownership changes could weaken competitiveness, raise risks of users moving to overseas exchanges and dilute accountability for protecting user assets. It also cited potential damage to the venture ecosystem.

Industry

Kakao Healthcare partners with Pap Gym on AI health management

Kakao Healthcare said on Tuesday it signed a business agreement with premium fitness company Pap Gym to cooperate on connected health business. The companies plan to combine AI-based health management solutions with training services. Employees including Kakao Healthcare medical staff and Pap Gym trainers, nutritionists and physical therapists will develop the health management solution. They plan to pursue various businesses targeting hospitals and general users.

AI & Enterprise

OpenAI to acquire healthcare startup Torch in $100 million stock deal

OpenAI will acquire medical data integration AI startup Torch in a stock deal valued at about $100 million, TechCrunch reported on Tuesday, citing The Information. Torch develops technology that integrates personal medical data for use by AI and was founded by former employees of Forward, an AI healthcare service that closed late last year. The Torch team and technology will be integrated into OpenAI's ChatGPT Health project.