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MSIT to draw up five-year national R&D investment strategy, holds public hearing

South Korea’s Ministry of Science and ICT said it held a public hearing on Thursday in Seoul to prepare a draft second national mid- to long-term R&D investment strategy for 2026 to 2030. The plan is a top-level statutory blueprint setting strategic goals and directions for national R&D budget investment over the next five years. The ministry said it will refine the strategy based on feedback and finalise it in August after review by the National Science and Technology Advisory Council.

AI & Enterprise

Initech unveils zero-trust security strategy for AI era, steps up response to N2SF

Initech said it presented a zero-trust response strategy for an era of AI-driven attacks at an event in Seoul. An executive said the spread of AI, cloud, SaaS, remote access and API-based work environments is making it harder to counter complex threats with perimeter-based security alone. The company introduced an identity-based zero-trust architecture centered on its ICAM platform, and said identity-based access controls linked to data importance could be key to implementing N2SF.

AI & Enterprise

Younglimwon SoftLab, Samjong KPMG to hold IFRS 18 seminar on June 12

Enterprise solutions firm Younglimwon SoftLab will hold a seminar with Samjong KPMG on June 12 in Seoul to present response measures and a roadmap for International Financial Reporting Standard 18, which applies from 2027. IFRS 18 separates income statements into operating, investing and financing activities and standardises the basis for calculating operating profit. The companies said requirements such as disclosures of management-defined performance measures will tighten, prompting system changes.