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Finance

Shinhan Bank extends partnership with Gil Medical Foundation, expands to digital finance

Shinhan Bank will continue its long-term financial partnership with the Gil Medical Foundation and expand cooperation in digital financial services. The bank said it signed a memorandum of understanding on June 17 at Gachon University Gil Medical Center in Incheon to promote mutual development. The two sides agreed to extend their main-bank partnership and strengthen the basis for joint cooperation. Shinhan will provide comprehensive services including fund management and financial support for employees.

Telecommunications & Media

Bammitongwi launches second-term AI service user protection public-private council

The Broadcasting Media Communications Committee and the Korea Information Society Development Institute held a launch ceremony in Seoul for the second-term Public-Private Council on AI Service User Protection and convened its first meeting, it said on May 12. The council comprises 35 experts from academia, industry, the legal profession and civic groups, and is chaired by Seoul National University law school professor Lee Won-woo. The first meeting focused on institutional improvements to protect children and adolescents in AI services.

AI & Enterprise

7 software-focused universities to shift to AI-focused programme, including Korea and Yonsei

Seven universities including Korea University and Yonsei University have been selected for a new artificial intelligence-focused university programme to be launched this year. The Ministry of Science and ICT said 7 of 10 participating universities will convert from the existing software-focused programme. Selected universities can receive support for up to 8 years totaling 24 billion won, or about 3 billion won per year per university. The ministry plans to name 3 additional universities in June.