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Finance

Webcash to expand public finance AX, automating data search, analysis and routine tasks with AI

Webcash has proposed a plan to apply artificial intelligence to public agency fiscal work to automate data searches and analysis as well as repetitive tasks. The company said it held a “Public Finance AX Strategy Seminar” from Sept. 1 to 9 across four regions including Seoul, Naju, Daejeon and Busan for officials in finance, treasury and audit roles. It introduced cases using an AI agent, OPERIA, and a platform called AXPort.

People

KCA delivers 10 million won hometown donation for flood recovery in Geoje, Tongyeong

Korea Communications Agency (KCA) said on Sept. 10 it donated 10 million won in hometown love donations to Geoje and Tongyeong in South Gyeongsang province, which were designated special disaster zones after heavy rain. The donation follows KCA support announced on Aug. 27 for free inspections of vessel maritime communications equipment. Funds were raised through individual employee participation because corporate donations are restricted under the scheme.

Industry

Honam semiconductor, AI data center projects exempted from pre-feasibility review as three mega projects gain pace

South Korea will exempt pre-feasibility reviews for infrastructure projects to build a Honam semiconductor cluster and expand AI data centers. President Lee Jae-myung approved the measures at a cabinet meeting on Aug. 25, along with multiple bills and decrees. The exemptions cover power and water infrastructure for semiconductor industrial complexes and related support projects. Additional plans include support for a southwest semiconductor base, AI data center clusters, AI construction robots and physical AI trials for small manufacturers.