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Telecommunications & Media

Hwang Jeong-a pushes bill to exempt OTT from disaster management plan requirements

South Korean lawmaker Hwang Jeong-a introduced an amendment to the Framework Act on Broadcasting Communications Development to exclude OTT and other services not essential to public safety from mandatory inclusion in the basic plan for broadcasting and communications disaster management. Current rules designate value-added telecom operators based on user numbers and traffic, drawing criticism for sweeping in services such as OTT and healthcare apps. The amendment would keep the traffic rule but allow exemptions after review by the Telecommunications Disaster Management Review Committee.

AI & Enterprise

National AI Strategy Committee holds civil society meeting on AI Basic Society

South Korea's National AI Strategy Committee held a civil society meeting on Jan. 5 under its social subcommittee to discuss an "AI Basic Society". The meeting explained policy recommendations in the draft Korea AI Action Plan announced in December and gathered opinions from civic groups and experts. Participants warned that gaps in AI capability and access could deepen inequality and called for stronger policy execution. The committee plans to refine tasks and bolster implementation with inter-ministry cooperation.

Crypto

Korbit extends real-name account deal with Shinhan Bank by 1 year

South Korean digital asset exchange Korbit has extended its partnership with Shinhan Bank for real-name verified deposit and withdrawal accounts by one year. The renewal maintains core infrastructure for operating a won-denominated market as corporate crypto trading is expected to be allowed. Under the Special Financial Transaction Information Act, VASPs must secure such bank partnerships to offer won trading services. The FIU has been reviewing Korbit’s VASP renewal since October 2024.