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AI & Enterprise

Naver Happy Bean to support 300 young adults leaving care with emotional and living aid

Naver Corp's Happy Bean said on Wednesday it signed an agreement with South Korea's health ministry and partner organisations for the On:Youth Project to support young adults preparing for independence. The project will run through December and provide living and housing support and relationship-building programmes to 300 people within five years of leaving care. It will prioritise youths living in 107 areas, including depopulating regions. Partners will also provide essentials, camps and online community channels.

Finance

FSC to ease network separation rules again, expand to non-bank financial sector and e-finance firms

South Korea’s Financial Services Commission will launch a second emergency easing of network separation rules to expand security tests using artificial intelligence in the financial sector. Eligibility will widen beyond large financial groups to include non-bank financial companies and electronic financial service providers. The application pool will rise to 75 firms from 49, and up to 15 companies will be selected. Applications are open until Sept. 14, with results due around Oct. 7.

AI & Enterprise

Fed sees AI, data centre investment supporting manufacturing and construction demand

The Federal Reserve assessed that investment in data centres and AI is supporting demand in manufacturing and construction even as the broader U.S. expansion remains weak. In its Beige Book released on Sept. 2, the Fed said economic activity rose slightly through late August while AI-related demand stood out in several regions. Private forecasts from PwC and Morgan Stanley also project large long-term data centre capital spending, with constraints including power availability and rising costs.