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AI & Enterprise
Upstage says Ha Jung-woo share return followed contractual procedure, parking trade not established
AI startup Upstage issued an official statement on May 20 over controversy surrounding the disposal of shares by Ha Jung-woo, the Democratic Party candidate in a Busan by-election. Upstage said it wanted to correct facts to avoid unfounded speculation. It said Ha served as a non-standing adviser in AI education in 2021 and received 10,000 shares at par value with a six-year holding requirement. Upstage said 5,556 shares were placed in a blind trust and 4,444 shares were automatically returned to CEO Kim Sung-hoon at 100 won each.
Telecommunications & Media
SBS, OpenAI launch three AI projects for local election broadcast
SBS said on Tuesday it will work with OpenAI to roll out three AI-based projects for its June 3 local election broadcast. The projects include an "AI situation room" that analyses vote-count data in real time and delivers results through election graphics, an upgraded AI winning-probability system using OpenAI's Codex, and a video-art project featuring AI works created with ChatGPT. SBS will also release an "AI election secretary" service on May 22.
AI & Enterprise
Fasoo AI updates FDR solution for N2SF classification
Fasoo AI said on May 20 it released an updated version of its data identification and classification solution, Fasoo Data Radar (FDR), to support public agencies’ transition to the national network security framework, N2SF. The update adds optical character recognition to extract text from images and check for sensitive information, including in scans and captures. It also keeps C, S and O labels on screen during document work and adds AI-based contextual masking through integration with AI-R Privacy.
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Industry
Panasonic Korea launches Lumix TZ300 pocket digital compact camera
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AI & Enterprise
Namu Technology to co-develop enterprise agentic AI platform with Red Hat
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Games & Commerce
Epic Games brings Fortnite back to Apple App Store as legal fight continues
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AI & Enterprise
NC AI launches Baeki Commerce to automate commerce content
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Finance
Hecto Financial, KakaoBank step up cooperation on account-based payment services
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Crypto
Bitcoin shaken by short-term sellers taking losses; $65,000 support in focus
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AI & Enterprise
Dell says tokenomics is key in AI era, urges infrastructure redesign amid token surge
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Crypto
Bitcoin fails to reclaim $77,000 as oil and Treasury yields rise
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Crypto
Bitcoin buy wall at $68,000 to $70,000 draws focus, raising risk of short-term correction
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Industry
Swappable vs integrated: Humanoid battery standards race intensifies
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Crypto
Exchanges push to cut fee reliance as digital asset results freeze
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Games & Commerce
Zero tax support for production costs; K-games face neglect despite 60 percent of content exports
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Industry
BYD, Xpeng push ahead as Honda, Volkswagen slow, diverging global EV strategies
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AI & Enterprise
AI-era SI business emerges as major tech firms launch FDE push
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Industry
Samsung Electronics labor talks fail to reach deal, to resume after mediation recess