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AI & Enterprise

Korea AI Cloud Industry Association launches CSP subcommittee to strengthen domestic CSP cooperation

The Korea AI Cloud Industry Association said on May 20 it has officially launched a Cloud Service Provider subcommittee to strengthen cooperation among domestic CSPs and jointly discuss issues facing the AI and cloud industry. The group also held its first subcommittee meeting on May 18, attended by six companies: KT Cloud, Naver Cloud, Kakao Enterprise, Gabia, NHN Cloud and Samsung SDS. Participants discussed policy and industry issues including AI infrastructure investment, GPU supply and rising data centre energy costs.

Finance

Korea moves toward principle ban with exceptions for duplicate listings, shareholder safeguards in focus

South Korea is moving toward a policy of banning duplicate listings in principle while allowing exceptions, as the government seeks to prevent harm to parent-company shareholders and ease the Korea discount. At a seminar at the Korea Exchange, participants debated how far shareholder approval should be mandatory and what form it should take. Investors called for stronger curbs, while IPO and venture capital participants warned excessive rules could hinder fundraising and growth.