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Finance

Korea moves toward principle ban with exceptions for duplicate listings, shareholder safeguards in focus

South Korea is moving toward a policy of banning duplicate listings in principle while allowing exceptions, as the government seeks to prevent harm to parent-company shareholders and ease the Korea discount. At a seminar at the Korea Exchange, participants debated how far shareholder approval should be mandatory and what form it should take. Investors called for stronger curbs, while IPO and venture capital participants warned excessive rules could hinder fundraising and growth.

AI & Enterprise

KT to link local phone service via LTE, steps up push to close connectivity gaps

KT will build a wireless network-based local telephone service, the first among South Korean telecom operators. The Ministry of Science and ICT on May 6 newly designated four regulatory exemptions, including an LTE-based local phone service and an AI-based severe trauma patient care system. The latest designations bring cumulative approvals under the ICT regulatory sandbox introduced in 2019 to 300 cases.

Mobility

Kakao Mobility, Ajou University sign deal to train advanced mobility talent

Kakao Mobility said on Wednesday it signed a research cooperation agreement with Ajou University’s DNA Plus Convergence Department to foster talent in advanced mobility. The partners will jointly conduct mobility service and public contribution research using Kakao Mobility data and share research infrastructure. They will also share research results through internal and external channels and pursue industry-academia cooperation to train specialists, including workshops, joint papers and student internships.