AJP Asia Intelligence Agency

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Mandatory Proof Required for AI and New Technology Advertisements Mandatory Proof Required for AI and New Technology Advertisements

Businesses advertising that they have enhanced product performance or safety using artificial intelligence (AI) or other new technologies must secure objective evidence to support their claims in advance. If they fail to submit the required documentation upon request from regulatory authorities, their advertisements may be suspended.The Fair Trade Commission announced on September 2 that a new operational guideline regarding the proof of advertising content will take effect on September 3.The pr

Overseas Asset Declarations Reach 111 Trillion Won, Record 61.3 Trillion in Stocks Overseas Asset Declarations Reach 111 Trillion Won, Record 61.3 Trillion in Stocks

Approximately 111 trillion won in overseas assets have been reported by residents and domestic corporations to the National Tax Service. The amount of overseas stocks reported surged to a record 61.3 trillion won, driven by the listing of overseas subsidiaries and rising stock valuations. On September 2, the National Tax Service announced the results of overseas financial account and trust declarations submitted in June of this year. The reported amount for overseas financial accounts was 107.

Government Accelerates Support for EU Carbon Border Adjustment Mechanism Compliance Government Accelerates Support for EU Carbon Border Adjustment Mechanism Compliance

The European Union's Carbon Border Adjustment Mechanism (CBAM) officially took effect this year, prompting the South Korean government to enhance support for domestic exporters. Various government agencies will provide guidance on carbon emissions calculation and verification methods, while also assisting small and medium-sized enterprises (SMEs) with the costs of related measurement equipment and verification.On September 2, the government announced that it will hold the '2026 13th Joint Govern

Korean Full-Stack AI Consortium Completes PoC with Aramco Digital Korean Full-Stack AI Consortium Completes PoC with Aramco Digital

The Korean Artificial Intelligence Industry Association (KOSA) announced that the 'Korean Full-Stack AI Consortium' has completed a proof of concept (PoC) applying domestic AI technology at Aramco Digital's industrial site in Saudi Arabia.KOSA stated on September 2 that the consortium has finalized the technology validation based on use cases for industrial AI developed in collaboration with Aramco Digital.This validation was initiated following a memorandum of understanding (MOU) signed in Febr

Environmental Startup Competition Expands Focus to Decarbonization Environmental Startup Competition Expands Focus to Decarbonization

녹색산업 분야 유망 창업기업을 발굴해 온 환경창업대전이 올해 청정에너지와 탄소저장 등 탈탄소 분야까지 외연을 넓힌다. 366개 과제가 몰려 약 15대 1의 경쟁을 벌인 가운데 25개 팀이 수상팀으로 선정됐다.기후에너지환경부와 한국환경산업기술원은 3일 서울 강남구 빅플레이스에서 '2026 기후에너지환경창업대전'을 개최한다고 2일 밝혔다.2018년 시작된 창업대전은 그동안 환경 분야 창업기업 발굴에 주력해 왔다. 올해부터는 대회 명칭을 기존 '환경창업대전'에서 '기후에너지환경창업대전'으로 바꾸고 청

Korean Business Group Calls for Major Revisions to National Pension System Korean Business Group Calls for Major Revisions to National Pension System

To enhance the acceptance of the National Pension System among contributors, there is a call to strengthen the equity between lifetime contributions and benefits. Critics argue that the current benefit structure, which does not consider the fairness of premium payments and is overly focused on income redistribution, undermines the trust in the National Pension System, necessitating innovative improvements.On September 2, the Korea Employers Federation (KEF) released a report titled 'Innovative M

Hana Bank Launches $2.3 Billion Small Business Safe Account 4 Hana Bank Launches $2.3 Billion 'Small Business Safe Account 4'

Hana Bank is lowering financial support barriers for struggling small businesses and individual entrepreneurs as part of its inclusive finance initiative.On September 2, Hana Bank announced that it will launch the 'Seoul Small Business Safe Account 4' in collaboration with the Seoul Metropolitan Government and the Seoul Credit Guarantee Foundation, with a total scale of 300 billion won (approximately $2.3 billion) on September 3.The Seoul Small Business Safe Account is a dedicated overdraft acco

Jang Dong-hyuk Calls for Special Investigation into Leverage ETFs and False Closure of Missing Person Case Jang Dong-hyuk Calls for Special Investigation into Leverage ETFs and False Closure of Missing Person Case

Jang Dong-hyuk, the leader of the People Power Party, asserted on September 2 that a special investigation is necessary to uncover the truth regarding the single stock leverage exchange-traded funds (ETFs) and the false closure of a missing person case in Jeju.During a press conference at the National Assembly, Jang stated, "The damage to the public caused by single stock leverage ETFs amounts to 54 trillion won," adding, "Kim Yong-beom, the former head of the Blue House Policy Office, and other

Ruling Party Begins Nationwide Budget Consultations, Accelerates Administrative Capital Law Ruling Party Begins Nationwide Budget Consultations, Accelerates Administrative Capital Law

더불어민주당은 2일 세종을 찾아 행정수도특별법 연내 처리를 강조하며 행정수도 완성을 위한 추진 의지를 보였다. 내년 정부 예산안 국회 심사를 앞두고 예산정책협의회도 열어 지역 핵심 사업 등을 점검했다. 김민석 대표를 비롯한 당 지도부는 이날 조상호 세종시장, 이강진 세종시당 위원장 등과 함께 세종시청에서 현장 최고위원회의를 진행했다.김 대표는 "올해가 '세종'이라는 이름을 얻은 지 20년 되는 해"라며 "세종 행정수도 완성은 이재명 국민주권정부의 국정과제이자 국토 대전환 과제"라고 강

KB Kookmin Bank to Provide 15.2 Trillion Won in Support for SMEs Ahead of Chuseok KB Kookmin Bank to Provide 15.2 Trillion Won in Support for SMEs Ahead of Chuseok

KB Kookmin Bank is set to offer a total of 15.2 trillion won in financial support to small and medium-sized enterprises (SMEs) and small business owners in anticipation of the Chuseok holiday, when demand for funds typically increases.On September 2, KB Kookmin Bank announced it will provide 6.2 trillion won in new loans and 9 trillion won in maturity extensions, totaling 15.2 trillion won. Each company can borrow up to 1 billion won, depending on their financial needs.To ease the financial burd