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AI & Enterprise

AI startups need markets, not technology; government should be first customer

Industry participants at the AXIS 2026 conference in Seoul said AI startups lack markets and first customers rather than ideas or technology, and urged the government to play an early-market role. Korea Startup Forum Chairman Jae-won Kim (김재원) said Korea has the layers needed for an AI powerhouse but needs the government to act as a customer. Companies cited public demand, regulation and domains such as defence and disaster response. Officials and lawmakers voiced support for first-use and purchase projects.

Crypto

South Korea crypto trading value and holdings plunge; stablecoin demand rises

South Korea\'s crypto market has weakened, pushing investors\' holdings and trading value down to about half of peak levels, while demand for dollar-based stablecoins continues to rise. Crypto holdings totalled 60.6 trillion won as of end-February, after peaking at 121.8 trillion won in January last year. Average daily trading value fell to about 4.5 trillion won and won deposits also declined. Stablecoin holdings stayed relatively large at 607.1 billion won.

AI & Enterprise

Microsoft says South Korea should focus on corporate AI transformation based on semiconductor strength, not standalone LLM

Microsoft stressed an open AI ecosystem at a National Assembly event and said South Korea should focus on corporate AI transformation based on its semiconductor competitiveness rather than building a standalone large language model. A Microsoft executive said most countries have failed to develop sovereign LLMs despite heavy investment. Participants called for policy changes on interoperability, data use and certification. South Korean ministries said they share the direction but need public consensus and prioritisation.