AI & Enterprise

AI to automate last mile of labor, Real World aims for human-level robot dexterity

Physical AI company Real World (RLWRLD) unveiled its in-house robotics foundation model, RLDX-1, and said it is accelerating efforts to expand in the South Korean market. At an event in Seoul, Chief Executive Ryu Jung-hee said even highly automated factories still rely on humans for 25 percent of work and that the company aims to automate such tasks with AI. The firm also outlined its data pipeline, synthetic data approach and hardware partnerships.

Finance

Bank of Korea governor Shin Hyun-song says rate hikes needed before it is too late

Bank of Korea Governor Shin Hyun-song said there is a need to raise the policy interest rate before it is too late, stressing a focus on price stability. He said growth has strengthened on the back of solid semiconductor exports driven by the global spread of AI, but inflation burdens are rising. He also cited risks from the housing market, household debt and leveraged investing.