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AI & Enterprise
SoftBank says Elon Musk default claim is unfounded, keeps AI infrastructure plan
SoftBank Group rejected a claim by Elon Musk that it was in default related to turbine orders, calling it completely unfounded. At an earnings briefing, the company said it would proceed with its artificial intelligence infrastructure investment plan on schedule. It also outlined changes in its net asset value and loan-to-value ratio, addressed questions about a more cautious investment stance, and discussed concerns about funding circulation among AI companies and possible delays in U.S. data center projects.
AI & Enterprise
South Korea\'s digital and AI competitiveness ranks 10th worldwide, up 8 places
South Korea ranked 10th out of 70 countries in the 2026 World Digital and AI Competitiveness assessment by Switzerland’s IMD, the science ministry said on Tuesday. The country rose eight places from last year, with all five evaluation categories improving. It ranked third in both technology infrastructure and efficiency. The United States took the top spot, followed by Singapore and the Netherlands, while China rose to seventh and Japan ranked 19th.
Games & Commerce
Musinsa opens 100 stores in five years, visitors up 92 percent
Musinsa said on Nov. 9 it has opened 100 new stores in five years since launching its first outlet in 2021, including 93 in South Korea and seven overseas. It said its 100th store, Musinsa Beauty Seongsu, will open in Seoul on Nov. 11. The company said visitors to 75 domestic stores rose 92 percent from a year earlier, and cumulative visitors have surpassed 100 million.
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Politics
Lee says major shift to growth for all as South Korea plans 820.9 trillion won 2027 budget
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AI & Enterprise
MegazoneCloud, KOSA run Korean pavilion at Gamescom Asia x Thailand Game Show 2026
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AI & Enterprise
South Korea, Canada expand cooperation in AI, quantum and other advanced technologies
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AI & Enterprise
Korea science ministry to build physical AI training centre next year
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AI & Enterprise
MSIT to hold International Research Industry Convention to step up AI, semiconductor cooperation
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AI & Enterprise
Baek Kyung-hoon says tax breaks for lease-type AI data centres under review, power rules to be eased
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AI & Enterprise
AI data centre grid code to be introduced this year; Cho Kyung-tae says exemptions needed for existing projects
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People & Moves
Ha Jung-woo inspects 30 trillion won Donghae AI data centre site
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AI & Enterprise
Illinois governor warns AI could be as dangerous as nuclear weapons
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AI & Enterprise
BlackRock CEO warns halting AI data centre building could trigger U.S. recession
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Industry
Industry minister Kim Jeong-gwan to directly oversee Chungcheong mega project after southwest
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Industry
MSIT discusses humanoid technology development with Nature and KAIST
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Finance
KakaoBank launches \'The Check Card\' with daily benefit selection
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AI & Enterprise
Big Tech race to buy unicorn AI startups heats up
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Industry
MOTIE sets up Semiconductor Innovation Growth Support Division to handle mega projects