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Industry

Domestic NPU products cleared for public procurement as Rebellion, FuriosaAI named

Products from South Korean AI semiconductor companies including Rebellion, FuriosaAI and DeepX were designated as outstanding R&D innovative products, giving them an opportunity to enter the public procurement market. The Ministry of Science and ICT said it awarded certificates and plaques to 13 companies selected from 2025 through the first half of this year. Designated items can be purchased through private contracts for three years, extendable up to six years, and are included in the 83.9 billion won pilot purchase programme.

AI & Enterprise

National Science and Technology Advisory Council holds first PACST science and technology forum

South Korea’s National Science and Technology Advisory Council held the first PACST Science and Technology Forum with the Science and Technology Policy Institute in Seoul on Wednesday. The forum was set up to review the purpose and direction of national research and development over the past 60 years and to seek a future science and technology policy vision. It plans to hold four PACST forums in total through year-end, with sessions scheduled for Sept. 30, Nov. 4 and Dec. 16.

Finance

Daol Savings Bank overhauls deposit and loan lineup to broaden customer base

Daol Savings Bank is expanding its deposit and lending product lineup to target demand across customer segments ranging from new workers to high-net-worth individuals, retirees and mid-to-low credit borrowers. It is offering parking accounts, a hybrid time deposit and lifecycle savings products. For lending, it introduced a mid-rate stability loan for lower-scoring customers, with rates of 5.9 to 15.27 percent and up to 10 million won in support.