AI & Enterprise

OpenAI prepares inference residency in South Korea, in talks with local partners to secure GPUs

OpenAI is preparing to introduce “inference residency” in South Korea so Korean users’ AI inference computing is handled at domestic data centres. OpenAI Korea chief Kim Kyung-hoon said the company is discussing securing GPUs and cloud infrastructure with several local partners and expects to offer the service in the near term. OpenAI already supports data residency in Korea, but some data can move overseas during inference.

Finance

iM Bank, Daegu City, KODIT to provide 100 billion won support for SMEs in vulnerable sectors

iM Bank will provide about 100 billion won in financial support for local small and medium-sized firms in economically vulnerable sectors such as construction, together with Daegu City and the Korea Credit Guarantee Fund. Under the agreement, iM Bank will contribute 2 billion won to the fund, including 1.2 billion won in a special contribution and 800 million won for guarantee fees, and plans to supply about 100 billion won in loans.