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AI & Enterprise
Baek Kyung-hoon discusses AI, digital cooperation with Saudi Arabia
Baek Kyung-hoon (배경훈), South Korea’s deputy prime minister and science and ICT minister, met Saudi Arabia’s Minister of Communications and Information Technology Abdullah bin Amer Al-Swaha on July 16 to discuss cooperation in AI and digital fields. They shared a vision to expand policy investment and support in AI. Talks also covered cooperation on a Korean-style full-stack AI model, public sector AI transition, and digital infrastructure including cloud and AI data centres.
Industry
President Lee says future response fund to be backed by semiconductor tax windfall; 2027 spending to top 800 trillion won
South Korean President Lee Jae-myung (이재명) said a future response fund will be created using excess tax revenue from semiconductors. He said large additional revenue from an AI semiconductor boom will be invested in future, youth, regional and education areas. The government will also support three mega projects including semiconductors, physical AI and AI data centres. Next year’s total spending will be set at 800 trillion won plus alpha, more than 10 percent above this year’s main budget.
Games & Commerce
Relu Games\' Mimesis tops 2 million in global cumulative sales
Global cumulative sales of the horror game Mimesis, developed by Krafton creative studio Relu Games, have surpassed 2 million copies. Released in early access in October last year, the title exceeded 1 million copies sold in 50 days and reached 2 million after a major update last month. The four-player co-op horror game uses AI-driven NPCs that mimic players’ movement and voice in real time. Related streaming viewing time reached about 10.34 million hours.
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AI & Enterprise
Uber, Microsoft move to control AI costs as \'model mixing\' gains ground
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Finance
Financial Services Commission, industry ministry to grow physical AI firms with National Growth Fund
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AI & Enterprise
Quantum Korea 2026 to bring global quantum technology together
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AI & Enterprise
ITCEN Group publishes sustainability report, shares practical results by area
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Telecommunications & Media
Apple Watch Ultra 4 full redesign nears
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Finance
Jim Cramer says SpaceX valuation built by Elon Musk, not earnings
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Telecommunications & Media
iPhone 18 Pro seen getting major camera upgrade, with design largely unchanged
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Crypto
Figure to buy AI-based real estate loan platform Kiavi for $717 million
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Finance
Financial sector overhauls security and consumer protection for AX era
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General News
Lee says 2026 to mark start of \'irreplaceable Korea\' dream, new K initiative era
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Crypto
XRPL developer Cauliman declines public XRP price forecast, focuses on building
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AI & Enterprise
Snowflake looks to become enterprises\' first entry point for AI agents
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AI & Enterprise
Musk built empire on clean energy but xAI data centers run on natural gas
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Industry
MSIT holds meeting with phase 2 Limit Challenge R&D lead PMs
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Telecommunications & Media
Samsung, Google unveil Android XR glasses set for second-half launch