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MSIT launches Chungcheong information security cluster to grow regional security industry

South Korea\'s Ministry of Science and ICT and the Korea Internet & Security Agency on July 27 held an opening ceremony in Sejong for the Chungcheong Information Security Cluster. The cluster is designed to help spread information security firms, talent and infrastructure beyond the Seoul area and support co-growth with regional strategic industries. It provides office space, a security testbed and a cyber training facility, and will be linked to local industries such as smart cities, smart defense, converged bio and mobility.

Finance

Toss joins hands with Togethers to roll out Facepay at 5,000 marts nationwide

Viva Republica, operator of Toss, will roll out its facial payment service Facepay at about 5,000 small and midsized marts nationwide in partnership with POS solution provider Togethers. Toss said it signed a business agreement with Togethers on July 24 in Seoul. The companies plan to apply Toss Pay payments at stores using Togethers\' TogetherPOS system and sequentially install Toss Front terminals that support facial payments.

Games & Commerce

Naver forms $10 billion AI infrastructure alliance with Nvidia and Brookfield

Naver said on July 27 it secured a $1 billion strategic investment from Nvidia and signed a $9 billion infrastructure pre-agreement with alternative asset manager Brookfield. It said the deals would provide $10 billion in global funding and partnerships, helping address GPU supply and equipment procurement. Nvidia will acquire a 4.5% stake. Naver also plans to enter AI factory revenue from 2027 and scale capacity from 55 MW to 200 MW and then 1 GW.