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Finance

Shinhan Bank partners with Yonsei holdings to back innovative startups

Shinhan Bank will work with Yonsei University Technology Holdings Co to discover and support startups based on university technology. The bank said it signed a strategic partnership agreement on Oct. 6 at Yonsei University’s main building in Seoul. The two sides will cooperate on jointly identifying promising entrepreneurs and startups, investment and incubation, participation in the TIPS programme and related linkages, and providing infrastructure and networks for technology commercialisation.

Telecommunications & Media

South Korea to hold talks with budget mobile operators on \'Budget Mobile 2.0\' rollout

South Korea\'s Ministry of Science and ICT will meet budget mobile operators on Sept. 30 in Seoul to discuss ways to revitalise the market and follow up on its \'Budget Mobile 2.0\' measures. The ministry plans to review on-the-ground effects of the policy and hear industry difficulties and additional reform needs. Agenda items are expected to include wholesale network fees, data-provision terms, subscriber acquisition and profitability improvements.

Telecommunications & Media

KT to expand AI transformation for local governments, unveils 10 public-sector services

KT unveiled AI transformation (AX) services tailored to local government work and public services. It said it displayed 10 public-sector AX services at a local government ICT best-practices event held in Seoul on Sept. 10-11. KT introduced the services across three areas: work and security, communication and administration, and safety and AX. Its Gyeonggi-do 5G work network was selected as an outstanding case and won a prime minister award.