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Industry

Woori Bank, industry ministry seek 8th cohort for Rising Leaders 300 programme

Woori Bank and the Ministry of Trade, Industry and Energy will recruit companies for the eighth cohort of the Rising Leaders 300 programme until Aug. 14, the bank said on July 27. The programme selects mid-sized firms and candidates with technology and growth potential to provide financial and non-financial services. Selected firms can receive loans of up to 30 billion won each and an interest-rate discount of up to 1.0 percentage point in the first year.

Crypto

RippleX engineering head says XRP Ledger agent transactions could hit 100 million within two years

RippleX’s head of engineering expects the number of agent-style transactions on the XRP Ledger to rise rapidly after recently surpassing 1 million. In remarks cited by The Block, Ayo Akinyele said the total could exceed 10 million and may reach 100 million within the next few years as agent development speeds up and infrastructure improves. Agent payments refer to AI software initiating transactions instead of humans approving them.

AI & Enterprise

Sam Altman backs South Korea\'s \'AI for all\' vision, says infrastructure role is key

OpenAI CEO Sam Altman voiced support for the South Korean government\'s \"AI for all\" vision and said it requires bold investment in AI infrastructure. Speaking at an AI summit in San Francisco on July 24 local time, Altman said Korea\'s AI infrastructure projects would help the economy and people and play a key role in helping global AI advance to the next stage. He also met President Lee Jae-myung and held talks with SK Group Chairman Chey Tae-won, with a meeting planned with Samsung Electronics Chairman Jay Y. Lee.