Search results for Democratic Party
Telecommunications & Media
2026 state audit puts PHP security, LG Uplus hacking cover-up allegations and AI policy in spotlight
Lawmakers grilled officials at a parliamentary audit over the government’s response to PHP security flaws, the decision-making process for a 4.7 trillion won frontier AI project and allegations LG Uplus covered up a hacking incident. The science ministry said it would prepare cross-government security measures and pursue regulatory improvements to foster the AI industry. LG Uplus said it would take appropriate responsibility if the allegations are confirmed.
AI & Enterprise
Baek Kyung-hoon says tax breaks for lease-type AI data centres under review, power rules to be eased
South Korea plans to pursue tax support for lease-type AI data centres and ease power regulations to spur investment, Vice Prime Minister and Science Minister Baek Kyung-hoon said. He told a parliamentary audit the government will discuss tax benefits for lease-type facilities with fiscal authorities to attract foreign capital. He also cited differences among ministries over thresholds for exempting non-capital region centres from grid impact assessments.
Telecommunications & Media
LG Uplus CEO says he will take appropriate responsibility if hacking cover-up is confirmed
Hong Beom-sik, CEO of LG Uplus, said he would take appropriate responsibility if it is confirmed the company deliberately covered up hacking or obstructed an investigation. He declined to give a firm answer on whether to waive early termination fees for customers switching carriers, saying the company would follow the judgment of judicial authorities and any government guidelines. Lawmakers pressed the company on user protection measures, evidence preservation and promotional use of a top evaluation grade.
-
Politics
Hwang Jeong-a says startups at state-funded research institutes up 120 percent, urgent to fix follow-up rules
-
Telecommunications & Media
MSIT seeks to ease rising telecom bills from AI and OTT subscriptions with AI for All
-
Telecommunications & Media
Lee Jeong-heon calls to convert telecom fee discounts into AI and content digital vouchers
-
Telecommunications & Media
Smart glasses illicit filming concerns spread; South Korea science ministry to prepare government-wide measures
-
Telecommunications & Media
Cable TV broadcasting fund burden equals 168 percent of operating profit; Kim Jong-cheol says reform urgent
-
Telecommunications & Media
Broadcasting media communications committee audit calls for stronger user protection and sanctions on platforms
-
Finance
Lawmakers urge loan rule and simple payment changes as bank concentration deepens
-
Finance
Audit 2026: Financial holding companies face \'shadow executive\' row; bank rate and security weaknesses also flagged
-
Crypto
Ruling, opposition spar over digital asset tax as government says it will decide after review
-
Telecommunications & Media
Kim Jong-cheol says platforms must step up youth protection, warns of broader administrative penalties
-
Finance
Lee Eok-won says regulators will keep checking overseas private credit; Solidigm U.S. IPO would be dual listing
-
Crypto
Kim Min-seok says ruling party to reach conclusion this year on digital asset tax
-
Crypto
Bitcoin holds $80,000 as stablecoin payments spread
-
Telecommunications & Media
PIPC suspects more cases of hiding or destroying evidence in data leaks
-
Crypto
Japan considers using stablecoins for consumption tax refunds to foreign tourists