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KAIST names mechanical engineering professor Bae Choong-sik as 18th president

KAIST has appointed mechanical engineering professor Bae Choong-sik (배충식) as its next president. The university’s board made the decision at an extraordinary meeting on June 29 at KAIST’s Kim Jaechul AI Graduate School campus in Yangjae-dong, Seoul. Bae has worked in eco-friendly energy and carbon-neutral power engineering and has held several senior roles at KAIST. His appointment is subject to required ministerial consent and approval.

Mobility

Tesla FSD v14 drives too well, raising safety concerns over reduced driver vigilance

Tesla’s latest driver-assistance system, Full Self-Driving (FSD) v14, shows marked performance gains but may create new safety risks by lowering driver vigilance, analysts say. As a Level 2 system, it still requires constant monitoring and readiness to intervene. Some drivers report difficulty staying alert after hundreds of miles without intervention. Researchers cite “vigilance decrement” and studies suggesting 5 to 8 seconds to refocus when retaking control.

Finance

Woori Financial launches Youth Future Link Loan to expand support for young adults

Woori Financial Group will contribute an additional 100 billion won to the Woori Smile Microfinance Foundation and launch the Youth Future Link Loan for unemployed and newly employed young adults from March 31. It also plans a social contribution programme, Sae Hope Store, to support young entrepreneurs. The group will expand microfinance branches outside Seoul, relocate some to traditional markets and other small business clusters, and strengthen tailored counselling.