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Telecommunications & Media

Korea shifts science and AI policy from strategy to results, focusing on pilots and commercialisation

South Korea's science and AI policy is moving from strategy-setting to producing results, with more emphasis on pilot projects and commercialisation, the Ministry of Science and ICT and other agencies said. Since the first ministerial meeting on science and technology on Nov. 24 last year, the government has held 12 meetings through Aug. 24. Early discussions centred on AI strategy and infrastructure such as GPUs, later shifting to R&D commercialisation, data policy, physical AI, agentic AI and autonomous-driving AI roadmaps.

Industry

SK Hynix speeds up memory timeline as fab infrastructure moves ahead

SK Hynix is accelerating construction of memory-related infrastructure, with its first Yongin fab nearing completion and investment and groundbreaking dates set for additional fabs. The company plans to hold a groundbreaking ceremony in Indiana for a $3.9 billion advanced packaging plant. It has decided to invest 35.2 trillion won in Yongin’s Y2 fab and 19.1 trillion won in Cheongju’s M17. The government has also moved to speed up power-grid schedules for the Honam semiconductor cluster.

Crypto

Bitcoin nears $80,000 threshold as Treasury buybacks fuel rally

Bitcoin extended a rally toward $80,000 after gains tied to U.S. regulatory moves, a White House crypto summit and plans to expand long-term Treasury buybacks. XRP posted sharp weekly gains and broke a long-term downtrend line, while officials at the summit said an era of enforcement-focused regulation had ended. Market warnings persisted amid heavy short liquidations. In South Korea, Upbit and Bithumb saw surging volumes led by XRP.