Finance

Big investment banks\' venture capital supply rises to 11.6 trillion won in Q2; small, mid-cap research mandate sought

Venture capital supply by seven large securities firms obligated to provide risk capital rose to 11.6 trillion won in the second quarter, up 2 trillion won, or 20.4 percent, from the first quarter, South Korea\'s Financial Services Commission said. Authorities plan to review differentiated credit for higher-risk investments and to overhaul brokerage research rules. Measures include curbing buy-rating bias, boosting small and mid-cap coverage, and extending mandatory IPO research.

AI & Enterprise

Shina Jung (정신아) says Kakao will make \'AI for All\' a daily habit

Shina Jung, CEO of Kakao, set out a plan to spread the \'AI for All\' initiative into everyday services by using familiar touchpoints such as KakaoTalk and phone calls. She said the goal is to provide AI experiences that go beyond answering questions and actually carry out tasks. Kakao’s consortium combines Kakao, LG group affiliates including LG Uplus, and specialist firms such as FuriosaAI. Kakao aims to secure more than 5 million users by December and later expand to 30 million.