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AI & Enterprise

Ha Jung-woo returns as deputy head of national AI strategy panel amid \'revolving door\' criticism

Ha Jung-woo, a former senior presidential aide on AI, is returning to government as deputy chair of the president-led National AI Strategy Committee after losing a by-election. President Lee Jae-myung named Ha to the post on Aug. 30. Supporters cite his AI expertise and policy continuity, while critics say the move fuels \"revolving door\" allegations after his resignation to run for office.

Finance

PG firms team up to block fraudulent payments, rate hike fallout in focus

South Korea\'s fintech sector is expanding payment infrastructure while strengthening security and user protection. The Financial Supervisory Service and the Korea Fintech Industry Association launched a consultative body with major payment gateway firms to curb suspicious transactions. The Bank of Korea raised its policy rate to 2.75 percent, the first hike in 3.5 years, prompting tighter household lending management. Authorities also plan higher deposits and trading units for single-stock leveraged ETFs.

AI & Enterprise

National AI Strategy Committee releases nine months of results in action plan and budget

South Korea\'s National Artificial Intelligence Strategy Committee on Sunday released key results since its launch in September. It said it became a statutory body in January after the AI Basic Act took effect and now runs 10 subcommittees, two special committees and a task force. The committee cited work including a government-wide AI action plan, responses to national issues, integrated disclosure of government AI budgets and deeper AI cooperation with the UAE.