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AI & Enterprise

ITCEN Entec selected as preferred bidder for 217.3 billion won K-Edufine upgrade project

ITCEN Entec said on Tuesday it was selected as the preferred bidder for a 217.3 billion won project ordered by the Korea Education and Research Information Service to upgrade the operating environment of K-Edufine and build a disaster recovery system. The three-year project for 2026-2028 includes an MSA-based cloud migration, construction of an integrated DR centre, adoption of a zero-trust security system and modernisation of application services.

Finance

Simple payments expand acceptance as night stock trading ramps up

South Korea\'s simple payment companies are expanding where their services can be used by linking existing networks and supplying payment infrastructure to new sectors. Banks and internet-only lenders are also widening mobile lending and alternative credit offerings. Regulators and the government are moving on youth savings, transport fare support and payment security checks. After-hours trading has extended KOSPI and KOSDAQ hours to 8 p.m., while debate continues over digital asset taxation and related infrastructure.

Telecommunications & Media

KT to expand AI transformation for local governments, unveils 10 public-sector services

KT unveiled AI transformation (AX) services tailored to local government work and public services. It said it displayed 10 public-sector AX services at a local government ICT best-practices event held in Seoul on Sept. 10-11. KT introduced the services across three areas: work and security, communication and administration, and safety and AX. Its Gyeonggi-do 5G work network was selected as an outstanding case and won a prime minister award.