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AI & Enterprise

Hwang Jung-a says PPA cap is 40 MW for 1 GW AI factory; Bae Kyung-hoon cites LNG pilot talks

South Korea’s planned AI data centres are expected to require about 18.4 GW of power by 2035, prompting criticism that current limits on direct power purchase agreements are too small for 1 GW-class AI factories. Democratic Party lawmaker Hwang Jung-a urged changes to power supply systems and PPA rules, along with reforms tied to onsite generation such as LNG and SMR. Deputy Prime Minister Bae Kyung-hoon said he agreed.

AI & Enterprise

South Korea to invest 4 trillion won next year in seven SEED future growth drivers

South Korea plans to invest about 4 trillion won next year in seven future growth engines spanning SMRs, nuclear fusion, renewable energy, quantum, aerospace, advanced bio and advanced supply chains. It also plans to invest more than 200 trillion won in national research and development over 2026-2030 and to push ahead with the K-Moonshot initiative to tackle scientific and technological challenges using AI. The science ministry discussed related plans at a ministerial meeting in Seoul.

Finance

FSC to increase support for small merchants by over 1.5 trillion won, ease financing barriers for startups

South Korea\'s financial authorities will expand the supply of the \"Small Merchants The Dream Package\" to more than 12 trillion won from 10.5 trillion won. They will also lower financing barriers for early-stage startups and abolish joint guarantees applied to P-CBO support for small and medium-sized firms. The Financial Services Commission discussed the measures at a policy finance meeting at IBK Industrial Bank of Korea and said it will announce detailed revisions to the package later this month.