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Telecommunications & Media

South Korea government, 3 telecoms to recycle critical minerals from scrapped network equipment

South Korea\'s government and the country\'s three mobile carriers will cooperate to promote domestic circulation and reuse of rare earths and other critical minerals contained in scrapped telecommunications equipment. The Ministry of Science and ICT and the climate ministry signed an agreement on June 11 with SK Telecom, KT, LG Uplus, KCA and the Korea Environment Corporation. A pilot project will track disposal and distribution flows and support automation, facilities, and guidelines.

Finance

Hana Financial Group to back industrial park tenants with 50 billion won new growth fund

Hana Financial Group plans to create a 50 billion won fund to support technology innovation and shifts into new industries by companies located in industrial parks. It will also provide ESG management consulting, support for obtaining domestic and overseas certifications, export expansion and industrial park infrastructure investment. Hana Financial said it signed an agreement with three organisations to jointly 추진 a “K-Industrial Complex New Growth Project” aimed at innovative growth and regional economic revitalisation.

People & Appointments

Vice PM Bae holds talks in Belgium with EU on AI, science and technology cooperation

South Korea\'s Vice Prime Minister Bae Kyeong-hoon (배경훈) met a European Union executive commissioner in Brussels to discuss ways to expand cooperation in artificial intelligence and science and technology, the science ministry said. He accompanied President Lee Jae-myung on a state visit to Belgium and the EU. Bae also met Korean researchers at IMEC and discussed Horizon Europe participation, joint research in AI-driven innovation, advanced biotech and quantum technology, and wider researcher exchanges.