Stories from Seoul · South Korea

Naver is making a full-scale entry into the defense AI market, aiming to become Korea's equivalent of Palantir. The company is developing an advanced AI-powered operations command center.

Samsung Chairman J.W. Wiley is reportedly paying tens of millions of dollars to foundations. This comes amid discussions of government support for Samsung companies and potential mergers or power transfers. The specifics of these payments and the reasons behind them are not yet clear. Lee is involved in a trial of the century, with prosecutors investigating his role in a merger and power transfer. The investigation includes allegations of financial misconduct related to expensive horses in Europe. The funds were reportedly sent by Samsung to a German registered company. This development follows concerns about corruption and policy-making. The investigation is examining potential financial improprieties during a procurement process. This probe is tied to alleged actions during the Samsung procurement process.

Nvidia CEO Jensen Huang visited South Korea, meeting with leaders from Samsung Electronics and Hyundai Motor Group. The visit has raised hopes for increased physical collaboration in the artificial intelligence sector.

South Korea has ordered $4.2 billion in military helicopters from Boeing and Lockheed.

Following the 10th anniversary of his match against AlphaGo, Lee Sedol plans to develop his own artificial intelligence model for the game of Go.

South Korea will operate 1,141 schools with a focus on AI integration. Parents and experts are calling for YouTube to regulate AI-generated content to protect children. The investor's Bitcoin holdings have surpassed BlackRock's.

LG's stock has seen a rise over the past nine trading days, moving out of an undervalued state. This surge is attributed to market confidence in its shareholder return policies, including share incineration and dividend expansion. Shares of LG Brands have seen an increase following the announcement of new shareholder policies. The company aims to enhance shareholder value through these new policies. The details of these policies and their direct impact on the stock price were not fully elaborated. LG Brands' new shareholder policies include plans for increased dividend payouts and share buybacks.

Large investors, referred to as 'big hands,' invested 3.7 trillion won in Bitcoin over the past week, marking the largest investment in 1.5 years. This strategy is popular for offering stable interest.

LG Uplus and IBK Systems have agreed to jointly develop AI-powered financial services. The collaboration aims to develop innovative solutions in the fintech sector. A new partnership has been announced for AI-driven financial services. Several stations reported on a new partnership in financial services, focusing on technology and innovation. The collaboration aims to enhance digital offerings and streamline financial operations. The specifics of their collaboration and the services offered were not disclosed. No new information was provided in this broadcast regarding the LG Uplus and IBK partnership. LG Uplus and Industrial Bank of Korea (IBK) have partnered to offer AI-powered financial services. South Korean telecommunications company LG Uplus has partnered with IBK (Industrial Bank of Korea) to develop AI-powered financial services.

OKX Ventures and Korea Investment & Securities (KIS) are each acquiring a 19.6% stake in South Korean crypto exchange Coinone. The deal is valued at approximately $53 million. KIS plans to leverage the partnership for Security Token Offering (STO) and stablecoin businesses.