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AI & Enterprise

MSIT seeks participants for 2026 Autonomous Driving AI Challenge

South Korea\'s Ministry of Science and ICT is recruiting participants from July 1 to 31 for the 2026 Autonomous Driving AI Challenge, now in its third year. The contest provides training data built under a joint autonomous driving technology project involving multiple ministries and the National Police Agency, and evaluates the performance and suitability of participants\' AI algorithms. The main contest runs Aug. 10 to Sept. 23, with teams of 3 to 4 allowed up to five submissions.

Finance

Dongtan, Giheung, Guri designated as regulated areas; mortgage LTV set at 40 percent

South Korea designates Dongtan in Hwaseong, Giheung in Yongin and the city of Guri as regulated areas, tightening housing-related lending rules. From July 1, the mortgage loan-to-value ratio in the areas falls to 40 percent from 70 percent under non-regulated standards, while some categories such as first-time home purchases and policy mortgages apply eased ratios. Jeonse loans, large credit loans and business loans for home purchases also face tighter limits.

Telecommunications & Media

MSIT to launch AI platform for compound disaster response with MOIS and MOLIT

South Korea will begin developing an AI platform to predict and respond to disasters at large mixed-use facilities such as supertall buildings linked to underground shopping areas and subways. The Ministry of Science and ICT said it will work with the Ministry of the Interior and Safety and the Ministry of Land, Infrastructure and Transport. The three-year project will run from 2026 to 2028 with a total investment of 25.5 billion won.