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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.
Industry
Amazon pushes Tetromino project to automate delivery stations before final loading
Amazon is pursuing a new project called Tetromino aimed at fully automating delivery stations, the last logistics hub before packages go out for delivery. An internal review is considering using AI and robots to automate package sorting and vehicle loading, though Amazon says the project is an early-stage concept and that financial figures and timelines in related documents do not reflect current plans. The documents outline pilot investment and expansion scenarios, and mention startup Boxbot technology.
Finance
Financial watchdog to revamp bank CEO renewal process, expand National Growth Fund to 200 trillion won
South Korea\'s Financial Services Commission plans to overhaul financial sector governance, including changes to the process for renewing chief executives to block long-term control built on friendly boards. It also plans to expand the National Growth Fund to 200 trillion won and pursue a full lifting of network separation rules to support productive finance and artificial intelligence transformation. The FSC also outlined steps on inclusive finance, regional policy finance and capital market reforms.
