Shinhan Bank will work with Seoul\'s Seocho-gu district and the Seoul Credit Guarantee Foundation to support AI and ICT companies in the Seocho area with financing, guarantees, consulting and investment links. The three parties signed a comprehensive agreement on Sept. 7. The plan covers support by growth stage, from identifying firms to credit guarantees, financial consultations, management consulting and investment connections. They also plan joint briefings, consultations, IR and training programmes.

South Korea will overhaul how it evaluates national research and development projects to focus on challenge-driven outcomes and will fully adopt the Moving Target system from next year, allowing researchers to change targets during projects. The Ministry of Science and ICT said it notified related ministries of its 2026 administrative reform plan. The government will create a new evaluation system by October, ease fund-use rules, add a personal cap for research allowances, standardise settlement criteria and strengthen oversight of overseas spending.