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Industry
Saemangeum to become physical AI, robotics hub; Han PM says Hyundai Motor investment begins new direction
South Korean Prime Minister Han Sung-sook (한성숙) visited Saemangeum in North Jeolla province as her first trip to the region since taking office and discussed support for Hyundai Motor Group investment and measures to foster physical AI and robotics industries. She held a corporate meeting with tenant firms, experts, government ministries and provincial officials. The government plans to revise the Saemangeum master plan around a concrete 10-year development blueprint and set up a pan-government support system.
Telecommunications & Media
Korean media fall behind global platforms; original content expansion urged
A study found the overall competitiveness of South Korea's major media services is lower than that of global platforms, and called for narrowing gaps in capital and content investment and integrating fragmented domestic platforms. In a survey of 32 experts, 93.8 percent agreed Korean media services face a crisis from competition with global platforms. User surveys showed domestic paid OTT services were seen at 57 to 73 percent of Netflix’s competitiveness, with expanding original content cited as the top priority.
AI & Enterprise
Nvidia steps up cooperation with South Korea to expand AI ecosystem at San Francisco AI summit
Nvidia said South Korean President Lee Jae-myung and leading South Korean business figures and researchers will meet Nvidia and ecosystem partners at an AI summit in San Francisco this week to explore the direction of AI development in South Korea. As a first step, Nvidia and the Korea Advanced Institute of Science and Technology said they will set up a joint AI research centre at KAIST in Seoul to advance agentic AI.
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AI & Enterprise
MegazoneCloud partners with Acryl to expand AI infrastructure business
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Industry
"No one has done it yet": Musk outlines Optimus' toughest hurdles
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Finance
Woori Financial first-half net profit 1.61 trillion won, non-bank contribution rises to 22.3%
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Industry
Court orders SK Group chairman Choi Tae-won to pay Roh So-young 944 billion won in asset division
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Finance
KOSPI falls below 7,000 again; sidecars triggered in both markets
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Crypto
BitMEX prepares to exit after 11 years, delists 65 products and trading pairs in July alone
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Finance
Hana Financial posts 2.4029 trillion won first-half net profit, fee income up 37.7 percent
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Finance
Hana Securities' Q2 operating profit 203.7 billion won, up 783.3 percent
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AI & Enterprise
Douzone Bizon adopts Anthropic's Claude across entire development organization
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AI & Enterprise
AI-driven security automation to find and fix flaws is already reality, Microsoft executive says
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Finance
SEC to hold September roundtable on 24-hour trading for U.S. stock market
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Crypto
Warren says CLARITY bill helps criminals, cartels and fails to stop Trump profiting
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AI & Enterprise
Elon Musk says Tesla must invest in AI as soon as possible
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AI & Enterprise
OpenAI adds GPT Voice to ChatGPT desktop app, can read Mac screens
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Telecommunications & Media
Samsung foldable display evolution offers glimpse of iPhone Ultra