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AI & Enterprise

All Koreans to use \'AI for All\', but will performance be judged by user numbers?

As South Korea moves to roll out its \'AI for All\' project to provide AI services to the entire population, concerns are growing that standards for verifying performance are unclear. The evaluation framework relies on metrics proposed by bidders, including targets for user numbers and token use. The ministry plans to pick a company or consortium by September and start a beta by late September, with a nationwide chatbot launch due in December.

Crypto

Ruling party to resume talks on Digital Asset Framework Act in September

South Korea\'s ruling party is expected to reorganise its digital asset task force after an August party convention and resume talks in September on a Digital Asset Framework Act. Lawmaker Park Min-gyu said the party would pursue introducing the bill after consultations between the party and the government. Key issues include who can issue stablecoins and limits on exchange ownership stakes. Industry participants called for broader safeguards and crisis mechanisms, not only issuer eligibility.

People

Vice minister Goo reviews national new drug development results, says AI will speed innovation

Goo Hyeok-chae (구혁채), first vice minister at South Korea\'s Ministry of Science and ICT, held a meeting on Monday at the National New Drug Development Project unit in Seoul to hear strategies for generating results from the unit and supported companies. The visit marked the 21st step in the government’s Project Empathy 118 initiative for field-focused science and technology policy. Goo said the programme would strengthen performance-based support in phase two and actively use AI.