AJP Asia Intelligence Agency

AI Pick

Suh Do-hos Exhibition Explores Themes of Home and Identity Suh Do-ho's Exhibition Explores Themes of Home and Identity

Artist Suh Do-ho, 64, often hears viewers reflect on their own lives when they see his work. At a press conference for his solo exhibition at the National Museum of Modern and Contemporary Art in Seoul on August 26, he stated, "Many people tell me that my work makes them think about their own lives. I want to share that positive aspect with many others." For over 30 years, Suh has built a unique artistic world on the international stage, and now he is connecting with Korean audiences. The exhibi

Hana Bank Reports 2.4 Billion Won Fraud Incident Involving Outsiders Hana Bank Reports 2.4 Billion Won Fraud Incident Involving Outsiders

하나은행에서 약 24억원 규모의 금융사고가 발생했다. 하나은행은 26일 외부인에 의한 사기 혐의로 24억1738만원 규모의 금융사고가 발생했다고 공시했다. 사고 발생일은 2023년 9월 18일부터 올해 3월 20일까지, 손실 예상 금액은 최대 14억1738만원이다. 이번 사고는 앞서 산업은행과 IBK기업은행에서 발생한 금융사고와 동일한 사기 사건인 것으로 알려졌다. 산업은행과 기업은행은 외부인에 의한 사기 혐의로 지난 6일과 20일 각각 583억원, 94억원 규모의 금융사고가 발생했다고 공시한 바 있다. 하나은행 관계자는 "

Hyundai Begins Mass Production of Atlas Robot, Eyes Boston Dynamics IPO Hyundai Begins Mass Production of 'Atlas' Robot, Eyes Boston Dynamics IPO

Hyundai Motor Group's physical artificial intelligence (AI) strategy, led by Boston Dynamics, has entered a significant execution phase. The company plans to establish a mass production system for the humanoid robot 'Atlas' and prioritize its deployment in manufacturing facilities to accelerate robot commercialization.During Hyundai's CEO Investor Day held in Yeouido, Seoul, on August 26, the company detailed its robotics and physical AI strategy centered around Boston Dynamics.Hyundai is rampin

Koreas Ministry of Science Launches Cybersecurity-Focused AI Foundation Model Initiative Korea's Ministry of Science Launches Cybersecurity-Focused AI Foundation Model Initiative

The Ministry of Science and ICT is set to develop a foundation model specialized in cybersecurity, following its work on general-purpose artificial intelligence (AI) models. This initiative aims to enhance security expertise based on domestic AI models and diversify the model ecosystem.However, with significant investments already being made in general-purpose models, proving the performance and efficiency of specialized models is seen as crucial, given the additional computing resources require

Kakao Union Opposes Corporate Split, Aims to Convince Major Shareholders Kakao Union Opposes Corporate Split, Aims to Convince Major Shareholders

The Kakao Union is opposing the company's plan for a corporate split and aims to persuade major shareholders, including the National Pension Service, to vote against the proposal at the upcoming shareholders meeting in December.On August 26, the Kakao branch of the National Chemical Fiber and Food Industry Workers' Union held a press conference in Pangyo, Seongnam, following a declaration of a strike at Kakao Bank and the announcement of their opposition to the split. The union stated it is taki

KIAT Awards 10.5 Million Won in Scholarships to Seven Engineering Students for Community Service KIAT Awards 10.5 Million Won in Scholarships to Seven Engineering Students for Community Service

The Korea Institute of Advancement of Technology (KIAT) is supporting engineering students who have engaged in community service by providing scholarships and opportunities for career exploration in the industrial technology sector.On August 25, KIAT held a scholarship award ceremony for community service students, announcing that it had awarded a total of 10.5 million won to seven engineering students. Each student received 1.5 million won.The scholarship recipients were selected based on recom

NH Nonghyup Bank Resumes Face-to-Face Mortgage Refinancing NH Nonghyup Bank Resumes Face-to-Face Mortgage Refinancing

NH Nonghyup Bank will resume face-to-face refinancing for mortgages from other banks after a three-month hiatus, following the resumption of variable-rate mortgage loans. The bank is extending the maximum term for non-metropolitan mortgages from 30 years to 40 years and lifting restrictions on joining the Mortgage Credit Guarantee (MCG) program. This move is seen as a way to lower the barriers to borrowing as the supply capacity for household loans in the banking sector has increased since the a

Defense Ministrys Public Hearing on Military Academy Faces Disruption Defense Ministry's Public Hearing on Military Academy Faces Disruption

On August 26, a public hearing on the establishment of a military academy held by the Defense Ministry in Yongsan, Seoul, descended into chaos due to mockery, insults, and shouting from opponents.During the hearing, which was broadcast live by the Defense Media Agency and on YouTube, Kim Hong-cheol, head of the Defense Policy Office, urged attendees to remain calm, stating, "This public hearing is not for alumni but for the citizens." However, the event could not avoid disruption.The Defense Min

Regulatory Scrutiny Shifts Focus of Rights Offerings to Smaller Firms Regulatory Scrutiny Shifts Focus of Rights Offerings to Smaller Firms

Financial authorities are tightening their review of securities registration statements for capital increases, leading to a shift in the dynamics of the rights offering market. As requests for corrections have become more frequent, causing delays in deal timelines or even withdrawals of capital increases, large securities firms are increasingly selective in taking on these deals based on profitability and risk assessments. In contrast, smaller securities firms are seeing a rise in their partici

Frequent Meetings Between President Lee and Business Leaders Raise Concerns Frequent Meetings Between President Lee and Business Leaders Raise Concerns

Frequent meetings between President Lee Jae-myung and major business leaders have created a mix of expectations and concerns within the business community. While these gatherings provide an opportunity to convey industry challenges directly, there is significant pressure from the government to expand investments.According to reports from political and business circles on August 26, President Lee held a private dinner with SK Group Chairman Chey Tae-won on August 20, followed by a meeting with Sa