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AI & Enterprise

South Korea steps up preparations for AIDC special act, science ministry seeks views on subordinate rules

South Korea\'s Ministry of Science and ICT has gathered views from industry and academia to set detailed standards for the Special Act on Promoting the AI Data Center Industry. The ministry held a public forum in Seoul on Sept. 9 to discuss subordinate regulations ahead of the law\'s implementation on March 10, 2027. Topics included the scope of AIDC recognition, reporting for construction and operation, streamlined permits, facility and power-related exceptions, and procedures and support for special zone designations.

Finance

Woori Bank backs micro business owners with Seomin Finance agency in \'Recognized Store\' project

Woori Bank will work with the Korea Inclusive Finance Agency to support 18 micro business owners with promotion, consulting and mentoring. The bank said it held the first plaque ceremony for the “Recognized Store” project on Sept. 7 at Yeonhwa Table in Seoul’s Mapo district, together with the agency and the Good Influence Store association. Selected owners will receive official plaques and stickers, marketing support and publicity via social media and the media.

Telecommunications & Media

South Korea’s three mobile carriers activate network plan for Yeouido fireworks festival, AI to handle overloads

South Korea’s three mobile carriers will activate special network measures ahead of a fireworks festival in Seoul’s Yeouido area on Sept. 5 to cope with large crowds and a surge in traffic. SK Telecom plans AI-based traffic forecasting and added fixed and temporary facilities, including mobile base stations. KT will expand nearby base station capacity, deploy mobile stations and use 5G network slicing to support CCTV feeds, while running a 24-hour response system. LG Uplus will add equipment and use its AI platform to manage overloads.