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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.

AI & Enterprise

ETRI unveils future \'physical AI\' strategy at 50th anniversary forum

The Electronics and Telecommunications Research Institute (ETRI) unveiled a mid- to long-term strategy to respond to the era of physical artificial intelligence, where AI combines with real-world environments to make decisions and act. At its 50th anniversary forum in Seoul, ETRI named robot intelligence as a priority area and said it would strengthen related research. It also outlined plans spanning flexible robot intelligence based on Meta RFM, an autonomous-growth ecosystem and sovereign robot data.

Industry

Korea Display Association launches full-cycle supply chain checks amid supply worries

The Korea Display Industry Association shared financial support measures for the sector to respond to supply chain instability stemming from the Middle East. It held a briefing in Seoul attended by more than 100 panel and materials, parts and equipment companies. Agenda items included the Supply Chain Stabilisation Fund, the National Growth Fund to be launched this year, export insurance and credit guarantees, and advance review of tax credits. The association also set up a supply chain response centre.