Search results for Jan. 22
Crypto
BitGo cuts 15 percent of workforce to focus on AI and stablecoins
BitGo is cutting about 15 percent of its workforce as it reshapes its business capabilities around trading, stablecoins and artificial intelligence. Co-founder and CEO Mike Belshe (마이크 벨시) said the decision was difficult, citing major changes in the crypto ecosystem and how financial services are built. BitGo did not disclose the number affected. It had 603 full-time employees as of Dec. 31, 2025, implying about 90 jobs. Belshe said no further cuts are planned.
AI & Enterprise
MSIT to seek public comment on revised AI Framework Act enforcement decree
South Korea\'s Ministry of Science and ICT said on May 21 it will seek public comment from that day on a draft revision to the enforcement decree for the Artificial Intelligence Framework Act, ahead of the law\'s July implementation. The draft defines the scope of AI-vulnerable groups and sets rules for prioritising AI products and services in public procurement, including liability exemptions. It also expands eligibility for cost support, specifies procedures for using a venture fund for AI startups, and sets requirements for AI research institutes.
AI & Enterprise
Parliament moves to tighten AI watermark rules, targeting distribution and tampering
South Korea\'s parliament is moving to strengthen rules on AI-generated content watermarks, with lawmakers proposing amendments to the AI Basic Act and the Information and Communications Network Act. The bills would specify how watermarks must be embedded and introduce penalties for tampering, including fines of up to 20 million won and administrative fines of up to 10 million won. The push reflects regulatory gaps in distribution and growing concerns over deepfake abuse.
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Finance
KOSPI breaks 7,000 for first time, reclaims 3,000 after 11 months
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AI & Enterprise
MSIT publishes casebook for AI Basic Act help desk
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AI & Enterprise
MSIT launches research group on improving AI Framework Act
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Finance
KOSPI sidecar triggered 10 times this year, most since global financial crisis
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General News
Coupang U.S. shareholders withdraw USTR Section 301 petition
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Finance
KOSPI breaks above 6,000 for first time, a month after surpassing 5,000
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Finance
KOSPI surges past 6,000 as bull market extends
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Telecommunications & Media
Korea telecoms overhaul governance to match AI Framework Act
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AI & Enterprise
Watermark removal methods spread on social media two weeks after AI basic act takes effect
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Finance
Korea Exchange to open pre and after-market in June, aims for 24-hour trading by 2027
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AI & Enterprise
Queries surge on AI transparency and high-impact AI as Korea AI Framework Act takes effect
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Telecommunications & Media
Cha Eun-woo faces tax evasion allegations as Shinhan Bank draws attention
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Industry
MSIT to expand deep tech startup ecosystem through TeX-Corps programme
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AI & Enterprise
Science ministry and SMEs ministry hold briefing for startups to avoid confusion over AI Basic Law
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Mobility
Rad Power Bikes finds likely buyer a month after bankruptcy filing