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AI & Enterprise

Baek Kyung-hoon marks one year in office, says time to deliver tangible results on AI

Deputy Prime Minister Baek Kyung-hoon said his first year in office focused on building a foundation for an AI transition and that it is now time to deliver and prove tangible results. He highlighted progress on a homegrown AI foundation model project and a broader consensus on the need to secure GPUs. The government is pursuing a two-track strategy for domestic and frontier models, preparing a nationwide AI service and advancing plans for data, 6G, R&D and power supply for AI data centres.

Finance

Financial watchdog to revamp bank CEO renewal process, expand National Growth Fund to 200 trillion won

South Korea\'s Financial Services Commission plans to overhaul financial sector governance, including changes to the process for renewing chief executives to block long-term control built on friendly boards. It also plans to expand the National Growth Fund to 200 trillion won and pursue a full lifting of network separation rules to support productive finance and artificial intelligence transformation. The FSC also outlined steps on inclusive finance, regional policy finance and capital market reforms.

Finance

Financial Services Commission to expand national growth fund to 200 trillion won, push KOSDAQ reform

South Korea’s Financial Services Commission will expand the National Growth Fund to 200 trillion won from 150 trillion won and supply up to 10 trillion won to national strategic technologies. It will broaden support to future strategic industries including aerospace and raise annual direct equity investment support to at least 5 trillion won. The commission also plans KOSDAQ market restructuring, tighter limits on duplicate listings, a shift to T+1 stock settlement and other measures to enhance shareholder value and governance.