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AI & Enterprise
MSIT launches Gangwon AX shift focusing on healthcare and wellness
South Korea has begun planning a regional AI transition (AX) project to apply AI to Gangwon’s healthcare and wellness industry. The Ministry of Science and ICT said Deputy Prime Minister and MSIT Minister Bae Kyung-hoon attended a launch briefing in Seoul on Aug. 13. The project is part of the government’s “5 poles, 3 specials” regional AX initiative. Planning runs through end-2026, followed by a 2027 pilot and a 2028 full rollout.
Crypto
South Korea tightens reporting bar for digital asset businesses, expands screening to major shareholders
From Aug. 20, South Korea will expand screening for digital asset business reporting to cover major shareholders, financial condition, organisation and staffing, and IT facilities. Changes to major shareholders or compliance systems will require advance reporting 30 days before changes, replacing post-change filing. Authorities will broaden criminal history reviews to major shareholders and include additional economic crime laws. They will also scrutinise actual operation of compliance systems and may conduct on-site inspections.
Games & Commerce
Naver union pushes ahead with group bargaining, corporate liability scope in focus
Naver\'s labor union is moving to pursue group bargaining that would place wage and labor contract talks for the company and its affiliates under a single framework. The push follows a revised labor law that broadens bargaining responsibility to entities that substantially control working conditions. The union plans to unveil joint agendas on Aug. 20 and demand talks by month-end. Legal experts said liability must be assessed by issue, not automatically across all affiliates.
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Industry
Mega project to begin 353 trillion won investment this year; Lee says blitz over speed campaign
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Telecommunications & Media
Broadcast Media Communications Commission steps up talks on government bill for Audiovisual Media Services Act
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Telecommunications & Media
U.S. Republicans target South Korea\'s \'false information law\', say it threatens free speech
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AI & Enterprise
Three ministries\' roles take shape in fostering physical AI: MSIT on tech, MOTIE on field, MSS on diffusion
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Industry
Corporate restructuring scheme opens path for mid-sized, SMEs into advanced industries
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Games & Commerce
South Korea\'s science panel sends protest letter over U.S. House \'Coupang report\'
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Games & Commerce
Game rating board blocks 1,450 illegal private servers in first half
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Industry
Semiconductor fab buildout accelerates, power grid supply a variable
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Telecommunications & Media
Korean assembly science committee clashes over Lee Jin-sook appointment, adjourns meeting
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Finance
Financial chiefs apologise after stock market collapse, accept leverage responsibility
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AI & Enterprise
Public-private AI DC Alliance launched to push national strategic industry drive
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AI & Enterprise
SKT\'s Jeong Jae-heon says AI data centres will become irreplaceable foundation for South Korea
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Finance
South Korea financial regulators consider further steps on single-stock leveraged ETFs
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Finance
BOK says semiconductor earnings support downside in stocks, external uncertainty a variable
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Games & Commerce
Warning signs as game industry growth slows, calls for tax credits for production costs