Search results for State Council
AI & Enterprise
China considers tighter export controls on homegrown AI and semiconductor technology
China is weighing measures to manage homegrown AI models and semiconductors as strategic national assets, including possible export controls, a report said. Draft rules have not been disclosed. The move comes as the United States has tightened curbs on chip and chipmaking technology exports to China since October 2022. Research groups said China is shifting from acquiring foreign technology to managing exports of its own capabilities, while enforcement could be complicated by grey-market channels.
Finance
President Lee calls for supplementary steps on volatile leveraged single-stock ETFs
President Lee Jae-myung ordered additional measures to reduce market shocks from single-stock leveraged exchange-traded funds that have been blamed for sharp swings in South Korea’s stock market. He said the products amplified gains in rising markets and deepened losses in falling markets, causing larger inefficiencies and damage for participants. Financial authorities have raised the margin deposit requirement and increased the minimum trading unit for such ETFs, with new rules due to take effect on Aug. 5.
Industry
Legal foundation set for region-led R&D system with regional science and technology advisory councils
South Korea has set a legal foundation to pursue more efficient regional research and development policy, including establishing regional science and technology advisory councils under provincial governors. The Ministry of Science and ICT said the National Assembly passed a bill on promoting region-led science and technology innovation. The law requires local governments to draw up five-year plans and allows administrative and financial support from the central government. It takes effect on Jan. 1 next year.
