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People & Appointments

Ryu Je-myeong meets Singapore digital ministry vice minister to discuss AI cooperation

Ryu Je-myeong (류제명), second vice minister at South Korea\'s Ministry of Science and ICT, met Foo Chi Hsia, Singapore\'s vice minister for Digital Development and Information, in Seoul on Tuesday to discuss AI policies and follow-up steps from leaders\' meetings. Ryu introduced South Korea\'s \"AI full-stack\" ecosystem and shared the country\'s AI action plan, AI transformation efforts and projects. The two sides also discussed forming a digital consultative body to swiftly implement a digital cooperation memorandum of understanding.

Crypto

Suho IO completes PBM digital gift certificate platform Tiko Pay pilot

Suho IO said on July 7 it had completed building and piloting Tiko Pay, a PBM-based digital gift certificate platform carried out as part of a national blockchain demonstration project. Developed with AvaCloud, the platform manages the entire lifecycle on-chain, from issuance and use to settlement and redemption or disposal. It applies the Purpose-Bound Money concept proposed in the Monetary Authority of Singapore’s Project Orchid.

Industry

Micron breaks ground on $9.3 billion HBM plant expansion in Hiroshima, Japan

Micron Technology is building a $9.3 billion next-generation memory semiconductor plant in Hiroshima, Japan, to expand production of high-bandwidth memory for AI. It plans to start mass production from summer 2028. Japan’s Ministry of Economy, Trade and Industry will support the project with up to 500 billion yen. The move comes as demand for HBM surges and competition intensifies among SK hynix, Samsung Electronics and Micron.