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Telecommunications & Media

Lee names Kim Jong-cheol as first Broadcast Media Telecom Panel chief

South Korean President Lee Jae-myung appoints Yonsei University law professor Kim Jong-cheol as the inaugural chair of the Broadcast Media Telecom Commission. The presidential office also announces the selection of lawyer Ryu Shin-hwan as a presidential member of the seven-member body. Lee additionally appoints Kim Yi-tak as first vice minister at the Ministry of Land, Infrastructure and Transport after the previous vice minister resigned over inappropriate remarks related to real estate prices.

AI & Enterprise

Douzone Bizon, Shinhan Bank sign deal on Bank-In platform linking ERP with finance

Douzone Bizon said it signed an MOU with Shinhan Bank to build a Bank-In platform that connects its ERP with the bank’s CMS API. The companies aim to target the embedded finance market by enabling users to handle inquiries, transfers and foreign exchange directly inside the ERP. Douzone Bizon plans to strengthen its ERP-based corporate finance ecosystem, while Shinhan Bank seeks new corporate customers and a stronger position in the BaaS-based corporate finance platform market.

AI & Enterprise

Baidu rises as Nvidia alternative in China AI chip market

Baidu is becoming a major player in China’s AI chip market, according to CNBC. The company is strengthening its semiconductor business through Kunlunxin and could absorb growing domestic demand. Baidu plans to release its M100 chip in 2026 and the M300 in 2027. Its data centres use both in-house and Nvidia chips, while it generates revenue by selling chips to third-party data centres and offering cloud services. JPMorgan and Macquarie issued upbeat outlooks for Baidu’s chip operations.