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Industry

Lotte moves to secure talent for AI shift, hiring across 15 affiliates in three digits

Lotte said it will standardise hiring dates so applicants can prepare in advance, launching what it called \"predictable rolling recruitment\" from Sept. 1 with hiring windows in March, June, September and December. Fifteen affiliates including Lotte Department Store, Lotte Wellfood, Lotte Construction and Lotte Innovate will participate. The group plans to hire hundreds of new staff across more than 50 roles, including sales, marketing, R&D and AI.

AI & Enterprise

Public-private AI DC Alliance launched to push national strategic industry drive

South Korea launched a public-private \"AI DC Alliance\" on Tuesday to foster AI data centres as a national strategic industry. The science ministry said about 400 people from government, industry, academia and research attended the launch in Seoul. The alliance will pursue a strategy announced in June, including building 18.4GW of large-scale AI data centres, strengthening local solutions and equipment, improving power and cooling efficiency, and supporting overseas expansion.

Crypto

South Korea government, ruling party step up push for digital asset framework law this year

South Korea aims to complete digital asset legislation this year, and the ruling Democratic Party is pushing to submit a government-party package in September. A senior Financial Services Commission official said stablecoin legislation will be wrapped up quickly and will cover definitions, market rules and user protection. Key sticking points include who can issue won-based stablecoins, licensing and reserve management, AML rules, and limits on major shareholders of exchanges. The party plans to rebuild its task force after August leadership appointments.