Industry

Demand spreads for integrated automotive SoCs combining driving and cockpit functions

Demand is rising for high-performance automotive system-on-chip processors used in domain controllers that handle driver assistance and cockpit functions. As automakers consolidate function-specific electronic control units into domain controllers and central computers, each chip must process more computing workloads. Qualcomm and Nvidia are expanding in a market long led by Renesas and NXP. Korean Tier 1 suppliers are weighing partnerships and in-house chip design as centralised architectures spread.

Finance

MyData market expands as Korea faces impact of consecutive base rate hikes

Korea\'s financial MyData service is set to expand beyond individuals to sole proprietors and small merchants, evolving from simple data checks to executing financial tasks. The Financial Services Commission plans to broaden the right to request transmission of credit information and to introduce a \"My AI agent\". Separately, the Bank of Korea has raised its base rate for a second straight month, adding to upward pressure on loan rates and borrowers\' interest burdens.