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Industry

National Bio Innovation Committee launches three councils to speed policy drive

South Korea's National Bio Innovation Committee has launched three councils to gather policy demand and on-the-ground views in the bio sector. The committee formed a private council, a public research institution council and a data council, and held their first meetings. It plans to collect opinions across the bio industry and connect them to policy tasks and projects. Vice chair Won Hee-mok called the launch a first step to link the field more closely with policy.

AI & Enterprise

Essential AI terms from agentic AI and tokens to hallucinations and AGI

As generative AI spreads across industries, understanding key terms used in the tech sector is becoming essential to tracking industry trends. The competition is extending beyond service launches to infrastructure, regulation and labour-market change, making internal jargon a shared language across the economy. Concepts highlighted include agentic AI and AGI, GPUs and data centres, LLMs and context windows, alignment and bias, hallucinations and deepfakes, along with major companies, executives and policy disputes.

Finance

KOSPI closes above 8,000 for first time; SK Hynix ends above 2 million won

South Korea's KOSPI rose more than 2 percent on May 26 and closed above 8,000 for the first time. The index ended up 199.80 points, or 2.55 percent, at 8,047.51 after opening higher and climbing to an intraday high of 8,131.15, a new 52-week peak. Institutions were net buyers, while individuals and foreigners sold. SK Hynix ended above 2 million won and Samsung Electronics rose.