Company
KT Corp is South Korea's largest telecom carrier, offering mobile, broadband and TV services, and expanding into cloud and AI.
Victims of breaches at seven Korean lenders, Shinhan Bank among them, are recruiting members for class-action damages suits. With suspects in earlier Korean data cases still uncaught, the lenders look like the only parties those suits can reach.
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South Korea's interior ministry will build disaster recovery for 13 of about 15,000 state information systems by the first half of 2027. Its other commitment, replacing the fire-hit Daejeon center by 2030, is still open between new construction and a lease.
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GMI Cloud raised $668 million, two-thirds of it through a $445 million credit facility led by CTBC and the rest as a $223 million Series B. Repaying debt on that scale depends on the more than $600 million in contracted annual revenue GMI reports and on how quickly it puts GPUs into production to serve it.
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Three consortia will run a free tier with no usage caps on state-supplied hardware, under a rule that Korean models carry at least half the load. The ministry has published neither the cost nor a target for uptake.
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5 publishersReality
Seoul is buying distribution rather than compute. The government is handing operators a donated chip grant, has set an 80 percent domestic serving floor, and hasn't published what the programme will cost - all in a country where roughly 1.8 million people pay for any AI at all.
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3 publishersReality
Seven more companies, among them major domestic financial groups, have asked to join a consortium of 16. The paid tiers KT sketches for business users and premium public services are still conditional.
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The Ministry of Science and ICT has picked three consortium leads and set September betas, which hands the market a delivery calendar long before it hands anyone a number worth modelling.
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The subsidy is paid to the worker rather than the employer, so provincial hiring gets cheaper without any firm spending a won of its own, and what happens to posted pay over the next year will show who really collects.
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The Ministry of Employment and Labor wants routine reassignments tied to building or expanding a workplace kept out of bargaining and dispute scope, which hands chipmakers a quieter path from capex to a staffed fab. The final text is due next week.
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