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Telecommunications & Media

BMCSC to step up monitoring of online discrimination and hate speech

South Korea\'s Broadcast Media Communications Standards Commission plans a broad response to online discriminatory and hate speech, including stronger monitoring and reviews, encouragement of self-regulation by internet platform operators, and expanded media ethics education for youths. An amended Information and Communications Network Act taking effect on July 7 defines as illegal information content that incites violence or discrimination or seriously fuels hatred on specified grounds. The commission said it will act quickly on such content.

AI & Enterprise

FSC says minor IT outages during financial AI security work exempt from sanctions

South Korea\'s Financial Services Commission said financial firms can be exempt from sanctions for minor IT disruptions that occur during security tests or security patches aimed at responding to frontier AI security threats, if certain conditions are met. The FSC approved the measure at a review meeting and distributed response guidance for the financial sector. Exemption conditions include the severity of the disruption, rapid recovery measures and consumer protection steps.

Industry

Semiconductor hub expands to southwest as Samsung, SK outline 1,000 trillion won investment

Samsung Electronics and SK Group plan to expand semiconductor production into South Korea\'s southwest region, citing rising AI-driven memory demand. Samsung plans to build four memory fabs in the area, while SK outlined 2,100 trillion won of investment, including 400 trillion won for a new southwest cluster. Executives presented regional investment plans at the presidential office. The government outlined a nationwide semiconductor cluster strategy and detailed power, water and policy support measures.