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South Korea vows to prevent technology leaks with heavier penalties

Economic Times

Economic Times · 9m ago

South Korea vows to prevent technology leaks with heavier penalties

South Korea is taking steps to prevent leaks of business secrets to foreign competitors. The government plans to establish a big data system to prevent technology leaks at the patent agency and introduce stricter regulations for culprits. In the past five years, there have been 97 attempts to leak business secrets, with a focus on the semiconductor industry. The National Intelligence Service estimates that successful leaks would result in a loss of approximately $16.85 billion to the country. South Korea has designated 12 industries as national strategic technologies, providing financial support and protection to compete globally.

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South Korea to invest $7 billion in AI in bid to retain edge in chips

Economic Times

Economic Times · 1y ago

South Korea to invest $7 billion in AI in bid to retain edge in chips

South Korea is set to invest $6.94 billion in artificial intelligence by 2027 to maintain its position in cutting-edge semiconductor chips. An additional $1.4 trillion will be allocated to support AI semiconductor firms. This move aims to keep pace with other countries, such as the US, China, and Japan, which are also boosting their semiconductor supply chains. South Korea plans to enhance research and development in AI chips, including neural processing units and high-bandwidth memory chips. President Yoon Suk Yeol hopes to make South Korea one of the top three countries in AI technology and capture a 10% or more global market share in system semiconductors by 2030.

South Korea fines China's Temu for user data violations

Economic Times

Economic Times · 2m ago

South Korea fines China's Temu for user data violations

South Korea has fined Chinese e-commerce giant Temu around $997,624 for illegally transferring Korean users' data overseas without proper disclosure, violating data protection laws. The Personal Information Protection Commission (PIPC) highlighted Temu's failure to supervise overseas entities handling user data and complicating the account deletion process. Temu has expressed respect for the PIPC's decision and pledged to align with local requirements, emphasizing consumer trust and data transparency. This action follows past penalties on similar platforms for data violations.

From K-pop to sales girls, AI goes mainstream in South Korea

Economic Times

Economic Times · 1y ago

From K-pop to sales girls, AI goes mainstream in South Korea

AI humans are becoming mainstream in South Korea, with virtual humans being created by Pulse9 for various purposes. These digital creations have appeared as students, interns, and TV personalities, driving product sellouts. Pulse9 aims to expand the use of AI humans and is developing technology to make them more versatile. The demand for AI humans in South Korea initially came from the K-pop industry, but now these virtual beings are being integrated into society as colleagues and friends. However, the use of deepfakes raises concerns about the blurring of reality and authenticity.

Meta chief Mark Zuckerberg to visit South Korea

Economic Times

Economic Times · 1y ago

Meta chief Mark Zuckerberg to visit South Korea

Meta's CEO, Mark Zuckerberg, is planning a visit to South Korea, where he is expected to hold meetings with Samsung Electronics chairman Jay Y Lee and potentially meet with South Korean President Yoon Suk Yeol. The purpose of the meetings is said to be discussions on topics such as AI chip supply and generative AI. This would be Zuckerberg's first visit to South Korea since 2013. Both Meta and Samsung have declined to comment further on the matter.

South Korean President Yoon Suk Yeol, Mark Zuckerberg discuss AI, digital ecosystems

Economic Times

Economic Times · 1y ago

South Korean President Yoon Suk Yeol, Mark Zuckerberg discuss AI, digital ecosystems

South Korean President Yoon Suk Yeol met with Mark Zuckerberg, CEO of Meta, to discuss increased cooperation in artificial intelligence (AI) and digital ecosystems. Yoon highlighted South Korea's smart home appliances, wearable devices, and smart cars as a good platform for Meta's AI technology. They discussed creating open AI and digital ecosystems, strengthening cooperation, and countering fake news on Meta's platforms. Yoon also asked Meta to play an active role in monitoring and countering malpractices. This meeting follows Zuckerberg's discussions with Samsung and LG Electronics on potential AI and XR technology cooperation. South Korea has taken measures to support local AI development.

House passes bill banning data brokers from selling personal data to foreign adversaries

The Verge

The Verge · 1y ago

House passes bill banning data brokers from selling personal data to foreign adversaries

The U.S. House of Representatives has passed a bill, known as the Protecting Americans' Data from Foreign Adversaries Act, that aims to prevent data brokers from selling Americans' personal information to foreign adversaries including China, Russia, North Korea, and Iran. The bill prohibits the sale of sensitive data such as health or location information to these countries, with the Federal Trade Commission able to impose penalties on violators. The legislation complements a separate bill that seeks to separate TikTok from its Chinese parent company, and aims to protect U.S. internet users and national security.

Explained: Why South Korea is on high alert over deepfake sex crimes

Economic Times

Economic Times · 11m ago

Explained: Why South Korea is on high alert over deepfake sex crimes

South Korean regulators and police are taking action against sexually exploitative deepfakes by urging social media companies like Telegram to cooperate in cracking down on the practice. South Korea has been particularly targeted by deepfake pornography, with its singers and actresses being the main victims. The number of deepfake sex crime cases in South Korea has surged this year, with most victims and perpetrators being teenagers. South Korean authorities plan to strengthen laws to criminalize the purchase or viewing of sexually exploitative deepfakes, and police will intensify efforts to combat digital sex crimes. Social media companies like Telegram and YouTube are also taking steps to moderate and remove harmful content.

South Korea delays decision on Google's request for map data exports - The Economic Times

Economic Times

Economic Times · 16h ago

South Korea delays decision on Google's request for map data exports - The Economic Times

South Korea has postponed a decision on Google's request to export map data, following U.S. pressure regarding non-tariff barriers. The delay aims to address South Korea's security concerns, as the nation fears revealing sensitive locations. Google argues the data is publicly accessible and has been reviewed for security. U.S. officials contend restrictions hinder navigation services in Korea, affecting American companies. Despite the postponement, discussions between Google and South Korean authorities continue.

Big tech rules, agriculture among issues in US trade talks with South Korea - The Economic Times

Economic Times

Economic Times · 1m ago

Big tech rules, agriculture among issues in US trade talks with South Korea - The Economic Times

South Korea and the U.S. are engaged in trade talks focusing on digital services, agriculture, and other non-tariff issues. South Korea seeks to extend a tariff pause while the U.S. pressures for better access to its agriculture and tech markets. Key concerns include antitrust legislation against big tech and U.S. demands regarding beef imports. Discussions also cover defense costs and industrial cooperation, particularly in shipbuilding, with potential energy collaboration on Alaska's LNG project.

China's Tencent says trialling own AI reasoning model alongside DeepSeek

Economic Times

Economic Times · 5m ago

China's Tencent says trialling own AI reasoning model alongside DeepSeek

Tencent has begun trialing its own AI reasoning model, Hunyuan Thinker, alongside DeepSeek's technology in products like its Yuanbao chatbot, aiming to enhance human-like responses. DeepSeek, an emerging Chinese AI startup, gained attention with its cost-effective R1 chatbot, prompting numerous Chinese firms, including Baidu and BYD, to integrate its technology. However, DeepSeek faces scrutiny over user data handling, leading to its removal from app stores in some regions, including South Korea.

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