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Telecommunications & Media

Science, ICT and Broadcasting committee adopts hearing report on Go Gwang-heon nominee

South Korea's National Assembly Science, ICT, Broadcasting and Communications Committee adopted a hearing report on Go Gwang-heon (고광헌), nominee for the first chair of the Broadcast Media Communications Review Commission. The report was approved under the leadership of the Democratic Party after People Power Party lawmakers did not take part in the vote. The report will be sent to the government without a plenary vote. Go will take office if President Lee Jae-myung approves it.

AI & Enterprise

AIDC special act clears science and ICT panel; power exemption debate looms in judiciary review

South Korea’s National Assembly Science, ICT, Broadcasting and Communications Committee on April 14 passed a special act on AI data centres (AIDC). The bill must still be reviewed by the Legislation and Judiciary Committee and approved at a plenary session. The consolidated proposal focuses on easing power and licensing rules, including exemptions for non-capital AIDCs and broader direct power purchase contracts. Disputes are expected over expanded power-related exemptions.

Crypto

Alibaba AI sees XRP at $7 by Christmas

A data-driven AI model from Chinese tech company Alibaba projected that XRP could rise to $7 by Christmas on Dec. 25. The model flagged $7 as a consistent output across multiple data-input clusters, analysts said. Some analysts extended the analysis to include faster institutional adoption and Ripple’s cross-border payment partnerships, producing a scenario as high as $42 under accelerated conditions. XRP trades around $1.32, implying gains of about 430 percent to reach $7.