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AI & Enterprise

AI startups need markets, not technology; government should be first customer

Industry participants at the AXIS 2026 conference in Seoul said AI startups lack markets and first customers rather than ideas or technology, and urged the government to play an early-market role. Korea Startup Forum Chairman Jae-won Kim (김재원) said Korea has the layers needed for an AI powerhouse but needs the government to act as a customer. Companies cited public demand, regulation and domains such as defence and disaster response. Officials and lawmakers voiced support for first-use and purchase projects.

AI & Enterprise

South Korea, Italy discuss science and technology cooperation in AI, climate and bio

South Korea and Italy will expand science and technology cooperation centred on three areas: artificial intelligence, climate change and bio, South Korea\'s Ministry of Science and ICT said. The two countries held the 13th Korea-Italy Joint Committee on Science and Technology in Rome with Italy\'s Ministry of Foreign Affairs and International Cooperation. They reviewed outcomes from joint bio and chemistry research, discussed future agendas including physical AI semiconductors and climate-response crops, and explored broader cooperation on brain disease research. The next meeting will be held in Seoul.

Crypto

Japan\'s three megabanks to create joint stablecoin, seek issuance within 2026

Japan\'s three megabanks plan to issue a jointly created stablecoin during fiscal 2026. CoinPost reported that Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corp and Mizuho Bank will soon reach a basic agreement and set up a council to flesh out operations. The plan assumes the banks obtain licences for electronic payment instrument transactions, with a trust bank acting as issuer trustee. The initiative is also tied to securities settlement tests using blockchain data.