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Korean biology pioneer Cho Wan-kyu dies
Cho Wan-kyu (조완규), a biologist credited with pioneering South Korea’s basic biology field and a former president of Seoul National University and education minister, died early on July 13 at the age of 98. Born in Hwanghae Province in 1928, he earned bachelor’s through doctoral degrees in biology at Seoul National University. He identified key mechanisms controlling mammalian egg maturation and later led efforts on biotechnology policy and industry groups.
AI & Enterprise
Baek Kyung-hoon says now is physical AI golden time, pushes cross-ministry AIDC task force
South Korea plans to create a future response fund using what it forecasts as record tax revenue in 2027 and concentrate spending on three mega-projects: semiconductors, AI data centres (AIDC) and physical AI. Science and ICT Minister Baek Kyung-hoon said the race to secure a general-purpose physical AI platform has entered a full-scale phase. The ministry plans to expand AIDC capacity to 8.4 GW by 2029 and 18.4 GW by 2035, backed by up to 1,000 trillion won in phases.
AI & Enterprise
MSIT seeks bidders for 'AI for All' project to offer Docpamo-based AI chatbot
South Korea's Ministry of Science and ICT said it will recruit an operator through Aug. 11 for its 'AI for All' project to provide a free AI chatbot to all citizens based on domestic AI models. The selected company must launch a general-purpose chatbot this year, along with a public AI agent and company-specific services. The government will allocate up to 512 Nvidia B200 GPUs and provide support through end-2030.
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AI & Enterprise
NIPA launches 2026 open source contribution academy, joining global projects
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Finance
'Black Monday' hits South Korean stocks as KOSPI plunges nearly 9 percent, KOSDAQ breaks below 800
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Mobility
Tesla's per-vehicle net profit slumps from $9,500 to $2,140 for third straight year of decline
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AI & Enterprise
MSIT unveils deep tech startup activation strategy, holds results sharing event
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AI & Enterprise
AI demand is near limitless, industry figures say, as chip stocks swing
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AI & Enterprise
Z.ai co-founder says cutting-edge AI should be open to everyone
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AI & Enterprise
Anthropic extends free trial of Claude Fable 5 until July 19 as GPT-5.6 rivalry intensifies
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Telecommunications & Media
MSIT deputy PM, mobile carrier CEOs seek second meeting late this month
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Finance
KOSPI triggers level 1 circuit breaker after sell sidecar, 13th time ever
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Crypto
XRP 7-dollar scenario this year draws focus to holding $1.06
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Crypto
U.S. CLARITY Act revised draft expected this week as ethics provision stalls ahead of Senate vote
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Telecommunications & Media
Samsung begins development of 'Galaxy Ring 2' - 6 points experts cite as differentiators
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AI & Enterprise
SpaceX AI revenue to come from ground data centres for now, space computing a long game
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Finance
Berkshire Hathaway is overtaken by tech stocks, with focus also on succession
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AI & Enterprise
MegazoneCloud to work with Seoul AI Hub to support AI companies