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AI & Enterprise

South Korea to spend 7.54 trillion won on AX Sprint to commercialise 229 AI products and services

The South Korean government will invest 7.54 trillion won to commercialise 229 artificial intelligence products and services aimed at labour shortages in farming, caregiving and industrial safety. The AX Sprint programme, overseen by the Office of Planning and Budget with 11 ministries involved, received 1,604 submissions across 246 projects. Most selected projects formed consortia with demand-side companies. Small firms made up 82.1 percent of selected companies.

Fintech

Financial regulators to tighten protection of PG settlement funds, cancel licenses or registrations after repeated suspensions

South Korea\'s financial authorities will strengthen protection for settlement funds held by payment gateway (PG) firms and tighten soundness rules to prevent a repeat of the TMON and WeMakePrice non-settlement incident. PG firms will be required to have settlement funds managed externally through bank deposits, trusts or payment guarantee insurance, with the external management ratio rising to 100 percent from the third year. Capital requirements and disclosure rules for large operators will be raised, and repeated business suspensions within five years could lead to license or registration cancellation.

AI & Enterprise

World Cup officiating and tactics enter AI era as SAOT draws attention

AI technology used in stadiums is drawing attention after South Korea won its opening match at the 2026 FIFA World Cup in North America. Semi-automated offside technology has been upgraded with tracking cameras and sensors in the official match ball, and 3D avatars are used for clearer decisions. FIFA also provides teams with a generative AI match analysis tool built with Lenovo. Early technical issues have also surfaced.