Search results for Democratic Party
Finance
Meritz Financial considers 100 billion won support for Homeplus, subject to MBK and Kim Byung-joo guarantees
Meritz Financial Group is considering providing 100 billion won in emergency operating funds to help normalise management at Homeplus. The group said on June 11 it is reviewing DIP financing to support stable business operations. Meritz Securities said it is checking specific guarantee terms after meeting several Democratic Party lawmakers. Meritz said guarantees from MBK headquarters and MBK Chairman Kim Byung-joo are needed given legal constraints under recently revised commercial law.
AI & Enterprise
Japan digital minister warns of \'AI colony\' as government considers using sensitive data without consent
Japan is pushing a legal revision that would allow sensitive personal data such as medical records and criminal histories to be used for artificial intelligence development without the individual’s consent. Digital Minister Hisashi Matsumoto said Japan could become an “AI colony” if it fails to narrow the gap with global rivals. The bill has passed the lower house and awaits review in the upper house, with opposition parties warning it could weaken safeguards and raise data-leak risks.
Crypto
Japan ruling party proposes crypto ETFs, yen stablecoins to target Asian payment hub
Japan\'s ruling Liberal Democratic Party has moved to promote policies to legalise cryptocurrency exchange-traded funds and expand yen-denominated stablecoins. A party panel submitted a proposal to Finance Minister Satsuki Katayama on May 31. The plan aims to recognise crypto ETFs as regulated investment products and develop yen stablecoins as a payment gateway for Asia. The proposal cites the dominance of dollar-pegged stablecoins and points to domestic pilots and legislation steps under way.
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Telecommunications & Media
AI use spreads ahead of June 3 local elections, from polls to vote count broadcasts
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Industry
Power grid delays put Yongin semiconductor cluster investment at risk
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AI & Enterprise
Local governments hold AX overhaul forum as Chu Mi-ae, Kim Byung-wook pitch policies
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Telecommunications & Media
Draft enforcement decree for false, manipulated information law released; platforms like YouTube, Naver, Coupang in scope
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AI & Enterprise
Sanders says 97 percent of Americans want AI regulation, urges Congress to legislate
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AI & Enterprise
Upstage says Ha Jung-woo share return followed contractual procedure, parking trade not established
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Games & Commerce
Zero tax support for production costs; K-games face neglect despite 60 percent of content exports
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AI & Enterprise
Parliament moves to tighten AI watermark rules, targeting distribution and tampering
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Crypto
Japan\'s LDP approves plan for AI and blockchain-based next-generation financial system
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Finance
KOSPI hits 8,000 as debate returns over reviving financial investment income tax
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Crypto
Stablecoin land grab intensifies as banks and fintech form alliances
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AI & Enterprise
South Korea builds lifecycle support system for quantum technology, expands scope of aid
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AI & Enterprise
AI data centre special act passes National Assembly, expected to boost AI infrastructure rollout
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Telecommunications & Media
Assembly science committee approves bill to set up Korea Broadcast Media Telecom Promotion Agency
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Industry
LG Energy Solution strengthens supply chain with shared growth pact