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Crypto

Government steps up blockchain-based deposit token payment infrastructure rollout

The Korea Internet & Security Agency and the Ministry of Science and ICT said they have launched a 2026 blockchain project to expand payment infrastructure based on deposit tokens. The project will be led by the Korea Financial Telecommunications and Clearings Institute, with a consortium including 9 commercial banks, 8 payment service providers and 2 large demand-side firms. The 9.6 billion won project will link existing payment infrastructure with the Bank of Korea’s Project Hangang system.

AI & Enterprise

Ryu Je-myung attends opening ceremony for AI Policy Center

Ryu Je-myung (류제명), second vice minister at South Korea’s Ministry of Science and ICT, attended the opening ceremony of the AI Policy Center on Monday and encouraged officials. The center is a specialised body under the AI Basic Act, which took effect in January, and will handle work needed to develop AI-related policies and establish and spread international norms. Ryu called for the center to play a key role in linking policy and the field.

People & Appointments

NIA holds joint labor-management declaration ceremony for occupational safety and health management policy

The National Information Society Agency (NIA) held a declaration ceremony for its occupational safety and health management policy at its Seoul office on June 29, it said on Monday. The policy, part of a comprehensive labor safety plan, includes key tasks such as building an integrated safety management system for contractors and subcontractors and making workers’ right to stop work effective. The event was attended by the NIA president, a union leader and officials from partner companies.