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Industry
MSIT steps up support for deep tech firms in R&D zones to expand globally
South Korea\'s Ministry of Science and ICT and the Innopolis Foundation are stepping up support for deep tech companies in research and development zones seeking to expand overseas. They are holding events on May 26 and 28 to create cooperation opportunities with global pharmaceutical companies and investors under the Global Boost-up Project. The ministry said it will strengthen global open innovation and overseas investment links to support technology transfers and fundraising outcomes.
Finance
IBM says financial order to change by 2030 as tokenised assets, stablecoins and CBDCs move into mainstream
Tokenised assets, stablecoins and central bank digital currencies are expected to move beyond testing and become core infrastructure for payments and capital markets by 2030, a report cited in South Korean media said. The shift could disrupt banks\' revenue structures and customer touchpoints. IBM outlined scenarios involving CBDCs replacing retail payments, stablecoins dominating cross-border payments, and tokenised securities reshaping capital market infrastructure, while highlighting cybersecurity and regulatory challenges.
Crypto
Global AI coding tool hackathon held in South Korea
Cursor Korea Community recently held the Cursor Hackathon Seoul event at the Korea Investment Accelerator auditorium in Seoul’s Gangnam district. Cursor and Korea Investment Accelerator participated as official sponsors. Organisers said about 250 people applied in advance. After selection, 26 teams and about 70 participants spent 5 hours building working service prototypes with Cursor’s AI assistance. The ffx team won first prize with AgentBox.