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AI & Enterprise

MSIT minister steps in amid questions over Korean AI foundation model project, two-track push with frontier AI

South Korea’s Ministry of Science and ICT moved to calm growing talk that the domestically developed AI foundation model project known as Dokpamo could be halted. Minister Bae Kyung-hoon said the project would continue and that the government should also challenge frontier AI. The ministry said nothing had been decided on halting Dokpamo or forming a special-purpose company. Industry figures said the boundary between Dokpamo and frontier AI remains unclear.

AI & Enterprise

JB Financial Group, Upstage partner to develop finance-focused AI agents, expand group AX

JB Financial Group will work with AI company Upstage to develop finance-focused AI agents that can be applied in financial operations. Key affiliates including Jeonbuk Bank, Gwangju Bank and JB Woori Capital will take part to expand group-wide AI transformation. The partners will jointly develop AI agents using Upstage’s large language model technology, identify tasks for on-site deployment, and broaden cooperation to training, personnel exchanges, regional projects and consortium participation.