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AI & Enterprise
Korea, Italy to step up cooperation on AI, quantum, robotics
South Korea will strengthen cooperation with Italy in advanced science and technology and ICT, including artificial intelligence, quantum and robotics. The Ministry of Science and ICT signed an MOU with Italy’s Ministry of Universities and Research in Rome on June 12 during President Lee Jae-myung’s state visit. The two sides plan joint research, researcher exchanges, policy sharing and joint use of research facilities. Cooperation in basic science and priorities for future collaboration were also discussed.
Finance
BoA CEO says accuracy tops cost in finance AI
Bank of America CEO Brian Moynihan said accuracy is the top priority for artificial intelligence strategies in banking, rather than efficiency or cost cutting. He said mistakes in customer-facing answers can directly affect trust, leaving little room for error and requiring extensive system building and validation. The bank has invested about $250 million in new AI deployments this year and runs AI assistant Erica, used by millions of customers and employees.
Telecommunications & Media
Encryption alone not enough as governments and critical infrastructure shift to integrated secure communications
End-to-end encryption remains a core technology for secure communications, but officials and experts say it is increasingly insufficient for governments and critical infrastructure. They warn attackers are shifting from cracking encrypted messages to bypassing identity, account and device controls through phishing and impersonation. Experts also point to metadata risks and reliance on foreign-run platforms. Governments are seeking integrated systems combining authentication, device trust, metadata management and platform control, including sovereign communications infrastructure.
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Telecommunications & Media
Six information security international standards finally approved, Korea speeds push to lead AI, 6G security standards
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Crypto
U.S. banks call for stablecoin rules to cover secondary market trading
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AI & Enterprise
Medical AI startup Evom AI raises seed bridge funding to advance heart disease-focused AI
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Finance
Toss Bank says new types of financial scams rise in first half, account for 56 percent of reports
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Crypto
BlackRock\'s BITA listing seen ahead as fee set at 0.65 percent, rivalry with Goldman Sachs bitcoin spot ETF emerges
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AI & Enterprise
AI startups need markets, not technology; government should be first customer
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AI & Enterprise
South Korea, Italy discuss science and technology cooperation in AI, climate and bio
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People
KRX recommends Kim Woo-chan as Kosdaq market committee chair candidate
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AI & Enterprise
LG Electronics executive says bias that LLMs cannot handle mechanical engineering is fading
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Crypto
Mastercard AI payment network adds Ripple as XRP is left out and RLUSD takes center stage
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Crypto
Strategy CEO says it will sell bitcoin if needed; recent sale was to test market
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Telecommunications & Media
MSIT and Broadcast Media Commission launch AI and media policy council
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AI & Enterprise
AI boom brings uncertain jobs impact as deepfake controversy turns real
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AI & Enterprise
Why system-first engineering matters for agentic AI
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Finance
KB Securities adopts fair trade compliance programme to strengthen compliance culture