Search results for capital region
Telecommunications & Media
2026 state audit puts PHP security, LG Uplus hacking cover-up allegations and AI policy in spotlight
Lawmakers grilled officials at a parliamentary audit over the government’s response to PHP security flaws, the decision-making process for a 4.7 trillion won frontier AI project and allegations LG Uplus covered up a hacking incident. The science ministry said it would prepare cross-government security measures and pursue regulatory improvements to foster the AI industry. LG Uplus said it would take appropriate responsibility if the allegations are confirmed.
AI & Enterprise
Baek Kyung-hoon says tax breaks for lease-type AI data centres under review, power rules to be eased
South Korea plans to pursue tax support for lease-type AI data centres and ease power regulations to spur investment, Vice Prime Minister and Science Minister Baek Kyung-hoon said. He told a parliamentary audit the government will discuss tax benefits for lease-type facilities with fiscal authorities to attract foreign capital. He also cited differences among ministries over thresholds for exempting non-capital region centres from grid impact assessments.
AI & Enterprise
Race to foster AI data centres; industry calls for deregulation and tax credits
Industry figures called for developing AI data centres as \"AI factories\" that produce computing resources, citing job creation and regional balanced development. At a forum hosted by the Korea Telecommunications Operators Association in Seoul, an SK Telecom executive urged attracting big tech AI computing demand and building domestic production hubs, while calling for deregulation and tax credits. Speakers also outlined planned sub-regulations for a special AI data centre law, including power-capacity criteria, streamlined permits and special zones outside the capital region.
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Finance
Internet-only banks and regional banks expand joint loans to business finance
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Politics & Government
44 central government agencies to relocate to Sejong from 2027, including broadcast, privacy and finance bodies
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AI & Enterprise
KT Cloud joins 50-MW Cheongna AI data centre project as DBO partner
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Mobility
Beijing tightens drone rules to ban ownership as well as flights
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Games & Commerce
Naver, Kakao expand holiday services for Chuseok hospitals, parking
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AI & Enterprise
KT Cloud aims to become AX infrastructure partner, expand with composite AI
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Finance
Policy finance unit subsidiaries to be consolidated; relocation of financial public institutions remains variable
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Finance
FSS to step up financial support for housing supply, focus on 325 capital area PF projects
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Games & Commerce
CJ Olive Young says foreign sales up 47%, Gangwon surges 105%
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AI & Enterprise
MSIT selects 2,496 basic research projects to expand opportunities for early-career researchers
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Industry
South Korea to add 230,000-plus homes in capital region, to announce 100,000 new sites this year
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AI & Enterprise
MSIT opens AI-SW Maestro Busan centre
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Finance
KB Kookmin Bank to provide 100 billion won in policy financing for emergency medical institutions outside Seoul
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Finance
Mutual finance faces PF curbs, calls to ease non-capital household loan rules
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Crypto
Russia expands cryptocurrency mining ban to Moscow