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AI & Enterprise

South Korea launches \'4 hubs, 3 special regions\' autonomous R&D plan, to invest 78.9 billion won in 7 zones

South Korea will shift its regional research and development system from a central government and province-led model to a zone-based, locally autonomous approach. The Ministry of Science and ICT said it launched the \'4 hubs, 3 special regions\' programme at KAIST on Wednesday and will push projects in seven zones. It will invest a total of 78.9 billion won this year and expand support after 2027.

Finance

NH NongHyup Financial launches \'NH Financial Hub\' in North Jeolla to support affiliates\' comprehensive finance

NH NongHyup Financial Group launched an \'NH Financial Hub\' in North Jeolla Special Self-Governing Province, bringing together the capabilities of its banking, insurance, securities and asset management affiliates. The group said the hub aligns with the government\'s \'5 poles and 3 special zones\' balanced growth policy and will provide comprehensive financial services for local future strategic industries and companies. It also plans special contributions to regional guarantee funds and will expand cooperation with the National Pension Service and Jeonbuk National University.

Industry

South Korea to create 2.6 trillion won special account for semiconductor support in 2027

South Korea will create a special account in 2027 to manage semiconductor support spending as a separate funding pool, with a total size of 2.6 trillion won. The Ministry of Trade, Industry and Energy will oversee 2.1 trillion won of that amount. The ministry proposed a record 2027 budget of 13.26 trillion won, up 40.5 percent from 2026, and said non-R&D spending drove the increase. It also set new spending for AI data centres.