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People & Appointments

KakaoPay to donate up to 1.5 billion won if 50 billion steps are reached to support small merchants

KakaoPay is launching a marathon campaign that raises donations to support small merchants based on users\' cumulative step counts. The company set a target of 50 billion steps this year and plans to donate up to 1.5 billion won depending on progress. The online event runs for 30 days from Oct. 20 to Nov. 18 and is free to join via KakaoPay\'s pedometer service. An offline marathon will be held on Nov. 28 in Hanam.

Crypto

Jim Cramer warns against selling out amid volatile market

Jim Cramer warned investors not to liquidate stocks even in an unstable market, saying those who exit risk missing a rebound. CNBC reported he said uncertainty over inflation, interest rates and the war involving Iran has made the market’s next move hard to predict. He cited JPMorgan data showing that investors who missed the 10 best S&P 500 trading days from 2005 to 2024 ended with less than half the assets of those who stayed invested.

AI & Enterprise

Infrastructure software needed to realise sovereign AI beyond models and semiconductors

Jo Kang-won (조강원), CEO of infrastructure software firm Moreh, said developing proprietary AI models alone is not enough to complete sovereign AI. He urged Korea to advance domestic AI semiconductors so they can be used for model training as well as inference, and to secure infrastructure software capabilities to connect and operate multiple chips efficiently. He backed government efforts on foundation models and domestic AI chips, and proposed boosting domestic token demand, including through token vouchers.