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AI & Enterprise
AI policy scrutiny intensifies, Bae Kyung-hoon says he will press ahead with national AI projects
South Korea’s parliamentary science and ICT committee grilled the Ministry of Science and ICT on government AI policy, including frontier AI, a homegrown AI foundation model project, budgets, infrastructure, and safety and trust. Deputy Prime Minister and Science Minister Bae Kyung-hoon said he is the final person responsible for national AI projects. Lawmakers questioned decision-making for frontier AI, fairness in evaluations, GPU spending and low utilisation rates, and raised concerns about limited safety funding.
AI & Enterprise
Military life in one app: \'Jangbyeong e-um\' to launch full service in October
South Korea\'s National Information Society Agency (NIA) and the Ministry of National Defense said they will launch the full service of \'Jangbyeong e-um\' in October. Built on a private-sector cloud, it integrates services previously spread across 46 systems into a single platform covering conscription assessment, personnel and welfare services during service, and reserve duty after discharge. It also introduces a mobile military ID and will add 14 services including an AI chatbot.
Crypto
GSR lists BESO active ETF linked to bitcoin, ethereum and solana on Nasdaq
Trading firm GSR listed an active cryptocurrency exchange-traded fund on Nasdaq that holds bitcoin, ethereum and solana. The fund trades under the ticker BESO and is designed to provide access to staking reward income, a first for a U.S. active multi-asset ETF, according to CoinPost. GSR said it will rebalance the portfolio weekly using its trading and risk management experience. The annual management fee is 1 percent.
