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AI & Enterprise

KB Kookmin Bank to hold finance AI competition for university students

KB Kookmin Bank will hold a competition for university and graduate students to discover finance artificial intelligence ideas. The bank said on Thursday it will host the eighth Future Finance AI Challenge. The event, held since 2019, aims to find future finance ideas using AI and foster talent in financial AI. The competition is sponsored by the Financial Supervisory Service and Ewha Womans University, with prize money of about 28 million won.

AI & Enterprise

National AI Strategy Committee holds talks on physical AI-based self-driving innovation

South Korea\'s National Artificial Intelligence Strategy Committee on Monday held talks on self-driving innovation led by the autonomous driving group under its Industrial AX and Ecosystem subcommittee. Presenters said domestic technology remains at a supervised test-driving stage and called for a national roadmap, regulatory easing and data governance. Participants urged a government-led data-sharing platform, expansion of testbed cities and bigger budgets. The committee plans to support action plans, legal and institutional updates and R&D investment.

Industry

MSIT, education ministry select four national research labs with annual 10 billion won support

South Korea has selected four university-affiliated research institutes as National Research Labs (NRL 2.0) to lead basic research. The Ministry of Science and ICT and the Education Ministry said support will begin on July 1. Each lab will receive up to 10 billion won a year for up to 10 years, though 5 billion won will be provided this year for six months. Funding levels may change depending on future budgets.