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Finance
Hana Bank to foster anchor companies in Gwangju and Honam region
Hana Bank said it signed a business agreement with Gwangju, the Gwangju Chamber of Commerce and Industry, the Korea Credit Guarantee Fund and the Korea Technology Finance Corp to support anchor-company development in the Gwangju and Honam region. The bank will contribute 4 billion won to supply 155.6 billion won in liquidity and support 0.6 percent in guarantee fees for two years. Local and guarantee institutions will also offer preferential guarantee terms and interest subsidies.
AI & Enterprise
LG Uplus teams up with spatial data firm to expand next-generation bus information system
LG Uplus will work with spatial information company All4land to advance a next-generation bus information system based on high-precision positioning technology. The two companies signed an agreement on March 16 at LG Uplus headquarters in Seoul to expand BIS. They plan to upgrade and launch the AI Live Bus on a subscription basis and co-develop a low-power bus information terminal using solar power and e-paper, targeting completion in the second half of the year.
AI & Enterprise
SamSamSam unveils post-payment 'New SamSamSam' letting users get tax refunds before paying fees
Jobis & Villains, which operates SamSamSam, said on March 17 it unveiled 'New SamSamSam,' a post-payment option in the tax refund process. Users complete their refund application first and pay the service fee only after confirming the refund has been deposited into their bank account. The company said it also improved the application process by consolidating personalized surveys for items needed to maximize refunds onto a single page.
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Games & Commerce
FTC seeks more data as review speeds up on Naver Financial-Dunamu merger
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Industry
Shinsegae to build South Korea's largest AI data centre, aims to lead retail with AI commerce
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Industry
Hecto Group runs employee blood donation campaign under Hecto& social contribution project
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AI & Enterprise
Miso Information Technology launches ViiX OCR that understands medical, manufacturing and construction documents
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AI & Enterprise
After closing business, importer builds Korean version of Moltbok, says do not learn coding, make it do the work
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Telecommunications & Media
South Korea ministry weighs delay to mandatory face verification for mobile phone sign-ups
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Finance
Middle East-led oil and currency shock raises uncertainty in financial markets
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AI & Enterprise
Dell marks two years of AI alliance with Nvidia, upgrades AI Factory lineup
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Crypto
Binance expands Korea derivatives as Upbit, Bithumb volumes lag
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AI & Enterprise
Nvidia says CPUs will play bigger role in era of AI agents, launches Vera CPU
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Mobility
Nvidia expands autonomous driving alliance as Hyundai, Nissan, Isuzu, BYD and Geely join
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AI & Enterprise
U.S. AI startup ReflectionAI teams up with Shinsegae to build large data centre in South Korea
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AI & Enterprise
Moltbook revises terms after Meta deal, shifts AI agent liability to users
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AI & Enterprise
Nvidia shifts to rack-scale pairing to ease AI factory bottlenecks
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Industry
Nvidia to build orbital data centres based on physical AI