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AI & Enterprise

Snowflake Korea appoints Lee Yong-seok as new country manager

AI data cloud company Snowflake said on Aug. 18 it has appointed Lee Yong-seok as its new Korea country manager. Lee, who has more than 20 years of experience in enterprise software, will oversee Snowflake’s overall business in South Korea. Before joining Snowflake, he led digital transformation and go-to-market strategies at Google Cloud for six years starting in 2020. He previously worked at Microsoft Korea for 16 years.

AI & Enterprise

KAIST hosts Discovery Loop\'s Jeff Dean, says human-AI collaboration delivers better results

Korea Advanced Institute of Science and Technology (KAIST) said it held a special lecture at the Seoul AI Hub on Aug. 13 with Jeff Dean of Discovery Loop, co-founder and CEO, co-hosted with a national AI research hub. Dean introduced AI’s development over the past 15 years and future research directions, saying more computing, data and larger models improved performance. He said human-AI collaboration can achieve better results than either alone.

Crypto

Won stablecoin pilots enter proof stage as industry tie-ups accelerate

Partnerships among banks, fintechs, platforms and blockchain firms around won-denominated stablecoins are accelerating in the second half, with payment and settlement use cases moving into more concrete pilot tests. Companies are running proofs of concept on real-time settlement, on-chain payment flows and links between digital wallets and existing card networks. Cross-border remittances are also emerging as a key testing area. Debate continues over regulation, including issuers, reserve assets and approval requirements.