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Games & Commerce

Kakao Games adopts non-inclusive wage system, to pay overtime separately

Kakao Games has revamped its wage system by introducing a non-inclusive wage scheme from this month, the industry said on Wednesday. The company scrapped its previous fixed overtime arrangement on April 1 under a wage bargaining agreement with its labour union. Under the new system, overtime, night and holiday work allowances are not included in annual salary in advance and will be calculated and paid separately based on actual hours worked.

Industry

South Korea to pick K-Startup of the Year 2026, raises prize to 500 million won

South Korea launched its largest multi-ministry startup competition, K-Startup of the Year 2026, with an integrated announcement on March 27. Nine ministries will jointly run the contest, which was revamped from Challenge! K-Startup and refocused on early-stage firms alongside a new startup project for aspiring founders. The top prize rises to 500 million won, and follow-up support expands to the top 20 teams. An AI league is newly added among 12 leagues.

Telecommunications & Media

South Korea ministries, broadcast media body sign AI safety pact for youth

South Korea\'s Ministry of Science and ICT, Ministry of Gender Equality and Family, Ministry of Education and the Broadcast Media Communications Commission on March 26 signed a memorandum of understanding in Seoul to build a safe and inclusive AI and science-technology foundation and protect youth. The agreement aims to jointly respond to new risks from the AI transition, including deepfake crimes using generative AI. The agencies will cooperate on ethics rules, education and support measures.