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Finance

NH special audit finds multiple misconduct cases; government refers 14 for investigation

A government joint special audit of NH found its chairman and key executives were allegedly involved in multiple misconduct cases, including providing money and gifts linked to elections. The government will refer 14 cases for investigation, including 6 involving the chairman and senior officials. It cited illegal acts, abuse of authority and wasteful budget spending, saying internal controls failed and the election system was vulnerable to money and gifts.

AI & Enterprise

MSIT to support localisation of AI CCTV core SoC semiconductor chips

South Korea's Ministry of Science and ICT said on March 9 it will support research and development to localise a system-on-chip (SoC), a key semiconductor component that serves as the 'brain' of AI CCTV. The ministry, working with the Institute of Information & Communications Technology Planning & Evaluation, plans a new SoC task reflecting trends such as high-performance video processing and built-in security, investing 4.5 billion won from 2026 to 2029.

People

Samsung Electronics' Choi Jeong-min, Hanmi Pharmaceutical's Lim Ho-taek win March Korea Engineer Award

South Korea’s Ministry of Science and ICT and the Korea Industrial Technology Association said on March 9 they selected Choi Jeong-min of Samsung Electronics and Lim Ho-taek of Hanmi Pharmaceutical as winners of the March 2026 Korea Engineer Award. Choi was cited for optimising wiring structures linked to FinFET transistors to cut contact dimensions and improve power use and performance. Lim was recognised for work on combination and improved drugs.