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  • Unionized workers at Kakao Bank stage first-ever strike amid wage dispute
    Unionized workers at Kakao Bank stage first-ever strike amid wage dispute SEOUL, July 31 (AJP) - Unionized workers at KakaoBank launched a strike on Friday, marking the bank's first walkout since its establishment in 2017 as the country's first internet-only bank. More than 700 of KakaoBank's roughly 1,000 unionized workers took part in the strike by taking paid leave and staying off the job. No separate rally was held. The bank's labor union said it is discussing its next steps internally. The strike came after the union had been negotiating with management over wages since earlier this year but was unable to narrow differences over bonuses and annual pay raises. Details of the talks were not disclosed, but the two sides reportedly discussed annual pay raises of around 5 percent to 6 percent and failed to reach an agreement. Despite the strike, customers appeared to face little disruption as the bank operates entirely online, with no strike-related complaints reported so far. 2026-07-31 16:20:00
  • Samsung SDS and LG CNS Report Growth in AI and Cloud Demand
    Samsung SDS and LG CNS Report Growth in AI and Cloud Demand Samsung SDS and LG CNS have reported positive results in their artificial intelligence (AI) and cloud businesses, driven by increasing demand for corporate AI transformation (AX). As the domestic system integration (SI) industry expands into AI data centers and graphics processing unit (GPU) services, external business targeting finance, public sectors, and manufacturing is also growing.According to industry sources on July 31, LG CNS recorded second-quarter revenue of 1.52 trillion won and operating profit of 127.9 billion won, marking a 4.2% increase in revenue compared to the same period last year. However, operating profit decreased by 9.2%, attributed to strategic investments for future growth and the postponement of some project contracts to the second half of the year.Samsung SDS reported provisional second-quarter revenue of 3.72 trillion won and operating profit of 231.8 billion won, reflecting growth in IT services and logistics, with increases of 5.9% and 0.7%, respectively, year-on-year.As demand for AI infrastructure and operational systems from businesses and public institutions rises, both companies are expanding their external business. The SI sector is evolving from system construction to providing AI computational resources and operating data centers. Samsung SDS is focusing on computational resource services and financial and public AX, while LG CNS is expanding its business around data center design, construction, and operation (DBO) as well as manufacturing and logistics AX.Samsung SDS is enhancing its competitive edge by focusing on an 'AI full stack' that encompasses AI infrastructure, AX, AI services, and AI platforms and solutions. The growth in IT services during the second quarter was primarily driven by cloud services, which saw a 5% increase in revenue to 1.76 trillion won.With rising demand for GPU services from Samsung Cloud Platform and public and external clients, revenue from cloud service provision increased by 24%. The expansion of AX in the financial sector and enterprise resource management in shipbuilding also contributed to a 17% growth in cloud management services. Notably, external cloud revenue surged by 75% compared to the previous year.In the first half of the year, LG CNS's AI and cloud revenue reached 1.67 trillion won, a 5.1% increase year-on-year. Major AI data center projects in Samseong and Jukjeon, along with AX in finance and public sectors and smart factory automation in manufacturing and logistics, contributed to this growth.LG CNS has been expanding its DBO business, which involves designing, constructing, and operating data centers. In the first half, it secured over 1 trillion won in large DBO contracts and introduced modular AI data centers that shorten construction periods. Smart factory projects previously secured in defense and shipbuilding sectors also converted into revenue during the first half.Both companies plan to continue expanding their AI infrastructure and AX businesses in the second half of the year. Samsung SDS aims to enhance its AI infrastructure services based on GPU and neural processing units (NPU), while LG CNS plans to broaden its scope in DBO and overseas AX projects.In July, Samsung SDS launched a subscription service based on its domestic NPU 'Renegade' from FuriosaAI, expanding its AI computational infrastructure offerings. In the long term, it aims to increase its current AI infrastructure capacity from 110 megawatts (MW) to 230 MW by 2029, and to over 800 MW by 2031, including its DBO business.LG CNS plans to complete its AI data center in Indonesia in the second half of the year to establish a reference for its overseas AI data center business, using it as a stepping stone for additional contracts. For its overseas AX business, it intends to expand manufacturing AX in North America and financial digital transformation projects in the Asia-Pacific and Japan regions.* This article has been translated by AI. 2026-07-31 16:20:00
  • NMIXX to make Japan debut with N=MIXX
    NMIXX to make Japan debut with 'N=MIXX' SEOUL, July 31 (AJP) - NMIXX will officially enter the Japanese market later this year with the release of its first Japanese best album, "N=MIXX," as the JYP Entertainment girl group expands overseas following a year of international touring and growing recognition from global music publications. JYP Entertainment said Friday that "N=MIXX" will be released on Dec. 9, marking the six-member group's official Japanese debut — roughly four years and nine months after its 2022 Korean debut, one of the longer gaps among JYP's acts to make the jump to Japan. The 12-track compilation will include Japanese-language versions of previously released songs, including the title track from "Blue Valentine," NMIXX's debut full-length album in Korea. As with past JYP debuts in Japan, the group's introduction to the market takes the form of a self-titled best album rather than new original material. Rather than serving as a simple collection of past releases, the album is designed to introduce NMIXX's catalog to Japanese audiences in one sweep, drawing on songs that span the group's career, from its 2022 debut single "AD MARE" to this year's "Heavy Serenade." The Japanese debut comes as NMIXX continues its first world tour, "EPISODE 1: ZERO FRONTIER," which opened at Incheon's Inspire Arena last November. Ahead of the album's release, the group will perform two concerts at Tokyo's Keio Arena on Aug. 8 and 9, marking its largest standalone performances in Japan to date. NMIXX has steadily built its international profile over the past year. The group's "Fe3O4: FORWARD" and "Blue Valentine" drew favorable reviews from overseas outlets including NME, Dazed and Teen Vogue, while its latest EP, "Heavy Serenade," was ranked No. 3 on Billboard's list of the best K-pop albums of the first half of 2026. The EP's track "Crescendo" also placed No. 5 among the outlet's best K-pop songs of the same period. Since debuting in 2022, NMIXX has built its identity around blending multiple genres and vocal styles within a single track, an approach JYP calls "MIXX POP." The Japanese debut marks the group's latest step in expanding its footprint beyond South Korea, following performances across Asia, North America and Europe. 2026-07-31 16:17:45
  • Red Velvet returns as full group with summer EP Velvet Summer
    Red Velvet returns as full group with summer EP 'Velvet Summer' SEOUL, July 31 (AJP) — K-pop girl group Red Velvet will return as a full group on Aug. 3 with "Velvet Summer," its first five-member release in more than two years, marking a return to the summer season that helped establish the act as one of K-pop's defining warm-weather groups. SM Entertainment said Friday that the five-track EP and its lead single, "Surfin' Boy," will be released at 6 p.m. KST on Aug. 3. The comeback is the group's first release featuring all five members since "Cosmic," which came out in June 2024. Rather than revisiting the bright, high-energy sound of earlier hits such as "Red Flavor," "Power Up" and "Umpah Umpah," the title track blends bossa nova guitar, reggae rhythms and house grooves in a more laid-back take on Red Velvet's signature summer sound. SM said the song highlights a more mature side of the group's seasonal musical identity. The EP also brings together several of Red Velvet's longtime creative collaborators. Member Joy, who has increasingly participated in songwriting through her solo work, wrote the lyrics for both "Surfin' Boy" and "Hawaii." Veteran songwriter and producer KENZIE, whose previous credits include "Red Flavor," "Peek-A-Boo" and "Psycho," contributed lyrics and composition for "Hot Girls Cold Vibe." Producer Hwang Hyun and lyricist Jo Yoon-kyung, both longtime collaborators with the group, also contributed to the album with "Orchestra" and "Hula Hoop." Ahead of the release, Red Velvet will hold a three-day fan concert at Korea University's Hwajeong Gymnasium in Seoul from July 31 through Aug. 2, where "Surfin' Boy" is scheduled to receive its first live performance. Originally planned as a two-day event, the fan-con was expanded after tickets sold out, with the additional show also reaching full capacity. The final performance will be livestreamed globally through Beyond LIVE and Weverse. The group will also host a countdown livestream on its YouTube and TikTok channels beginning at 5 p.m. KST on Aug. 3, ahead of the album's release. SM said "Level Up Project," Red Velvet's reality series, will return later this year with its sixth season, the first new installment in about four years. Since debuting in 2014, Red Velvet has become one of K-pop's best-known summer acts with songs including "Red Flavor," "Power Up" and "Queendom." While the group has alternated between its bright "Red" concept and its more refined "Velvet" identity throughout its career, "Velvet Summer" aims to bring those two sides together in a single, unified sound. 2026-07-31 16:17:27
  • Stray Kids to kick off 2026 comeback with self-produced EP THIS & THAT
    Stray Kids to kick off 2026 comeback with self-produced EP 'THIS & THAT' SEOUL, July 31 (AJP) - Stray Kids will return on Aug. 7 with "THIS & THAT," the group's first release of 2026, following a year of stadium tours, international festival appearances and record-setting success on the Billboard 200. JYP Entertainment said Friday that the group will release the EP and its title track, "This & That," at 1 p.m. KST on Aug. 7. The eight-track project marks another self-produced release for the group, with in-house unit 3RACHA — Bang Chan, Changbin and Han — credited across every song, including the pre-release single "Run It" and a festival remix of the title track. JYP said the album highlights the group's versatility while continuing the self-produced approach that has defined Stray Kids since its 2018 pre-debut single "Hellevator." The rollout comes less than two weeks after Stray Kids opened its RUN IT world tour with five sold-out concerts at Seoul's KSPO Dome. The tour next heads to Japan, where the group is scheduled to become the first overseas male act to headline Tokyo's National Stadium, before continuing through Nagoya, Osaka, Fukuoka, Hong Kong, Taipei, Bangkok and Singapore into early 2027. The group is also set to headline Rock in Rio in Brazil this September and launch STRAYCITY, a fan festival built around Stray Kids, with stops planned in Bogotá, Buenos Aires and Mexico City. The comeback follows a milestone year for the group. Both of last year's releases — the fourth studio album "KARMA" and the mixtape "DO IT" — debuted at No. 1 on the Billboard 200, making Stray Kids the first act to send eight consecutive releases straight to No. 1 on the chart. The group's dominATE world tour also finished No. 2 on Pollstar's year-end ranking of global concert tours and No. 10 on Billboard's Top Tours chart for 2025, the highest placements achieved by a K-pop act on either list. That momentum has carried into 2026. In June, Stray Kids became the first K-pop act to headline New York's Governors Ball Music Festival, performing before a crowd of about 45,000. 2026-07-31 16:17:19
  • South Korea to set up 20 trillion won strategic fund at KIC
    South Korea to set up 20 trillion won strategic fund at KIC SEOUL, July 31 (AJP) - South Korea will establish a strategic investment account worth more than 20 trillion won ($14 billion) at the Korea Investment Corp. to supply long-term equity capital to artificial intelligence, semiconductors and other industries deemed critical to national competitiveness. The fund’s initial capacity to make new investments, however, is expected to be limited to about 600 billion won because most of its capital will consist of government-held shares rather than readily deployable cash. The Ministry of Economy and Finance unveiled the plan Friday at an emergency economic meeting chaired by Finance Minister Koo Yoon-cheol, detailing the funding, governance and investment structure of what it calls a Korean-style strategic sovereign wealth fund. Rather than creating a separate institution, the government will establish an independently managed account within KIC, which currently invests foreign-exchange reserves and other public assets primarily in overseas markets. The government plans to submit revisions to the Korea Investment Corp. Act in August and seek parliamentary approval by the end of the year, with investment operations scheduled to begin in 2027. The account will initially be capitalized with more than 16 trillion won in government-held shares in state-run financial institutions, including the Korea Development Bank, the Export-Import Bank of Korea and the Industrial Bank of Korea, as well as about 4 trillion won in shares received in lieu of inheritance and gift taxes. The government will transfer the public-sector shares without weakening its control of the institutions or breaching statutory ownership requirements, making immediate sales of most of the holdings unlikely. Dividends from those shares and proceeds from selective sales of tax-in-kind holdings are expected to provide an initial investment pool of about 600 billion won, with additional government contributions, retained returns and other fiscal resources potentially expanding its capacity later. The structure builds on a proposal announced in January, when the government first outlined plans for a 20 trillion won sovereign investment vehicle financed with state-owned and tax-in-kind shares. Officials initially considered creating a separate management body but decided earlier this month to use KIC, citing the institution’s two decades of investment experience and its network of foreign sovereign wealth funds and global asset managers. The account will target AI, semiconductors, robotics, biotechnology, defense, energy, nuclear power, aerospace and other strategic sectors, while also investing in infrastructure such as data centers and energy clusters. It may invest in overseas companies considered important to South Korea’s supply chains and industrial ecosystem and serve as an anchor investor to draw private and foreign capital into major domestic projects. Unlike conventional policy funds that mainly offer loans, guarantees or investments with predetermined exit periods, the strategic account will focus on direct equity investments without a fixed maturity or liquidation deadline. The account may also acquire stakes from the Korea Fund of Funds, the National Growth Fund and other state-backed vehicles as they approach their usual four- to eight-year investment horizons, allowing public capital to remain invested in promising companies for longer. KIC will exercise voting rights in proportion to its holdings and may engage with portfolio companies under stewardship principles, although detailed rules governing such involvement and a target rate of return have yet to be set. Officials have cited Singapore’s Temasek as a reference for the long-term equity investment model, although the Korean vehicle will operate as a separate account within KIC rather than as an independent state holding company. A firewall will separate the strategic account from KIC’s existing foreign-exchange reserve mandates across assets, accounting, personnel and investment decisions, preventing losses or policy-related risks from spilling over into reserve management. The government will determine eligible sectors and broad investment priorities, while KIC’s board and a dedicated strategic investment committee will decide on individual transactions, supported by newly recruited specialists in direct investment, industrial analysis and risk management. Returns generated by the account will be used for reinvestment, dividends to the government or transfers to the Treasury, with the government set to establish detailed investment and risk-management rules before the fund begins operations next year. 2026-07-31 16:16:18
  • Korean Pharmaceutical Industry Accelerates AI Adoption Amid Workforce Shortages
    Korean Pharmaceutical Industry Accelerates AI Adoption Amid Workforce Shortages The South Korean pharmaceutical and biotech industry is eager to adopt artificial intelligence (AI), but a shortage of specialized personnel has emerged as a significant challenge to the expansion of AI in drug development. Approximately 90% of surveyed companies are either utilizing AI or considering its implementation, yet 67.3% reported a lack of AI specialists.The Korea Pharmaceutical and Bio-Pharma Manufacturers Association's AI Drug Research Institute conducted a survey to assess awareness and training needs regarding AI in drug development. The survey involved 44 domestic pharmaceutical and biotech companies, AI firms, academic institutions, and research organizations, with responses from 55 individuals, and the results were announced on July 31.Among the 55 respondents, 26 indicated they are currently using AI in drug development. The methods of utilization included internal use by 10 respondents, outsourcing by 9, and a combination of both by 7. Additionally, 23 respondents are considering or planning to implement AI, while 6 reported no plans for utilization.Respondents using AI identified the most common applications as candidate substance identification and optimization, each cited by 15 individuals. Other areas included compound identification (11), mechanism of action (9), target identification and validation (8), preclinical (6), clinical (4), and drug repurposing (4).Looking ahead, the most desired area for development is synthetic drugs, with 27 respondents (49.1%) indicating interest. This was followed by biopharmaceuticals and antibodies (12 respondents, 21.8%), targeted protein degradation (6, 10.9%), antibody-drug conjugates (5, 9.1%), and drug delivery systems (3, 5.5%).However, the shortage of AI specialists remains a pressing issue. A total of 37 respondents (67.3%) reported having no AI specialists in their drug development departments. The breakdown of personnel included 10 respondents (18.2%) with four or more specialists, 4 (7.3%) with one, 3 (5.5%) with two, and 1 (1.7%) with three.Reasons for the lack of AI specialists included insufficient funding and resources for recruitment (26 respondents), a lack of understanding of AI technology among existing staff (19), and a lack of awareness regarding the necessity of AI in drug development (11).When asked about the support they seek from the government and related organizations, 37 respondents prioritized training for AI specialists. Other requests included the establishment of data-sharing platforms (25), investment and funding support (23), opportunities for validation and verification (22), guidelines for regulatory approval (15), and support for global expansion (9).The need for AI education is also significant, with 91.0% (50 respondents) affirming the necessity of training in AI drug development. Specific training needs included AI algorithms and modeling programming (17), data analysis and visualization (16), bioinformatics and cheminformatics data utilization (13), and software and programming skills (5).Understanding of autonomous laboratories (SDL) remains low, with 38% (21 respondents) having only heard the term and 36% (20) unaware of it entirely. Only 24% (13) claimed to understand the concept. SDL refers to a research system that combines AI with automated laboratory robots to automate the entire process from experimental design to execution, data analysis, and follow-up experiments.Yoon Yeon-hong, president of the Korea Pharmaceutical and Bio-Pharma Manufacturers Association, stated, "AI has become an essential capability in drug development, but domestic companies face the practical limitation of a shortage of specialized personnel. If the industry and government systematically support the training of AI specialists, the establishment of data infrastructure, and the creation of validation environments, South Korea's competitiveness in AI drug development could significantly improve."Meanwhile, drug development is recognized as a high-risk, high-cost industry, typically requiring an average of 10 to 15 years and substantial financial investment, with a clinical failure rate of 90%. Given that a significant portion of drug development costs occurs in late-stage clinical trials, efforts are ongoing to identify candidate substances with a higher likelihood of success in the early stages and to reduce trial and error.* This article has been translated by AI. 2026-07-31 16:12:00
  • Chinese Stock Market Rebounds Amid Easing AI Investment Concerns
    Chinese Stock Market Rebounds Amid Easing AI Investment Concerns After a decline the previous day, the Chinese stock market rebounded on July 31 as concerns over overheating in AI investments eased, leading to a surge in buying activity.On this day, the Shanghai Composite Index closed up 0.72% at 3,832.26, the Shenzhen Component Index rose 2.21% to 13,578.93, and the ChiNext Index increased by 3.06% to 3,343.96.Strong earnings and positive outlooks from major U.S. tech companies like Amazon and Microsoft have alleviated recent concerns regarding the profitability of AI investments, resulting in a significant influx of buying.Additionally, news that the Purchasing Managers' Index (PMI), a key economic indicator, had worsened was perceived positively by the Chinese stock market. The National Bureau of Statistics of China announced that the manufacturing PMI for July was 49.2, marking a five-month low and falling significantly below market expectations. This has led to predictions of further economic slowdown in China.However, the decline in manufacturing PMI is expected to prompt the Chinese government to implement stimulus measures, which the market views as a positive development. Analysts anticipate that China will introduce additional stimulus packages and that the People's Bank of China may lower interest rates in the second half of the year.In a report, Zhao Shang Securities noted that the phrase 'restoring resilience and confidence in the capital market' was mentioned during the Politburo meeting held on July 30, indicating a likely strengthening of market stabilization measures in the second half of the year. The meeting's clear shift towards a more proactive policy direction is also seen as a positive sign.On this day, stocks related to AI applications saw significant gains, with companies like BlueFocus Communication Group, Yidian Tianxia, and Longxin Culture hitting their daily price limits.According to OpenRouter, in June, China's AI models surpassed U.S. models in global market share. As of June 26, Chinese AI models held a 63.5% share compared to just 35.5% for U.S. models over the previous 28 days.Humanoid-related stocks also performed well, with companies like Zhongdali De and Fenglong Guofen reaching their daily price limits.News that Chinese humanoid startup Yushukeji is nearing its IPO has also contributed to positive sentiment. Yushukeji announced that it will conduct a preliminary demand survey for its listing on August 5, with the subscription date set for August 10. There are already expectations of a large number of subscription applications.On this day, the People's Bank of China set the yuan's daily reference rate against the dollar at 6.7894 yuan, an increase of 0.0002 yuan from the previous day, reflecting a 0.003% decline in the yuan's value.* This article has been translated by AI. 2026-07-31 16:08:20
  • Seongnam Mayor Shin Sang-jin Pledges to Enhance Yuldong Park for Residents
    Seongnam Mayor Shin Sang-jin Pledges to Enhance Yuldong Park for Residents Shin Sang-jin, the mayor of Seongnam, reaffirmed on July 31 his commitment to creating a Yuldong Park that is easily accessible for residents. On this day, Mayor Shin held an opening ceremony for the newly established 'Yuldong Park C parking lot' in Bundang-gu, announcing the expansion of infrastructure to alleviate inconveniences for park visitors and stimulate the local economy. Mayor Shin is accelerating the development of infrastructure closely tied to residents' daily lives. The newly opened C parking lot, located on an 8,935 square meter vacant site at 307 Yuldong, Bundang-gu, features 208 parking spaces. Construction began in November of last year and was completed in about seven months at a total cost of 2.341 billion won. The opening ceremony was attended by over 100 people, including Mayor Shin, city and provincial council members, and local residents, who celebrated the new changes to the community's recreational space. Since taking office, Mayor Shin has prioritized improving living infrastructure that residents can feel. The establishment of the C parking lot is seen as a significant achievement in addressing parking difficulties and illegal parking issues around the park due to increased visitor numbers. The new parking facility includes 180 standard spaces, 7 for disabled individuals, 5 for pregnant women, 5 for seniors, and 11 dedicated to electric vehicle charging, catering to a variety of users. With the addition of the C parking lot, the total number of parking spaces in Yuldong Park has increased significantly to 914, including the existing 150 spaces in A parking lot and 556 in B parking lot. Mayor Shin plans to install 11 additional electric vehicle chargers by October. Once completed, the total number of charging facilities in Yuldong Park will rise to 56, including 4 in A parking lot and 41 in B parking lot, further enhancing eco-friendly transportation infrastructure. The C parking lot will operate free of charge until August 31, after which it will transition to a paid system starting September 1. Charges will apply only on weekdays, with the first three hours free. After that, fees will be 300 won for every 30 minutes and an additional 100 won for every 10 minutes thereafter. Yuldong Park is undergoing continuous transformation through Mayor Shin's pledge project, the 'Ecological Cultural Park Development Project.' In September 2023, a 740-meter barefoot clay path was established, and last year, new facilities such as a 96-space auto camping area, a waterfront stage, and a forest playground were introduced, creating a space for residents to enjoy nature and leisure. The park, featuring a 1.8-kilometer walking path centered around a lake and various cultural and recreational facilities, has now become a representative ecological cultural space in Seongnam. Local residents have expressed their support for the opening of the C parking lot. Frequent visitors to Yuldong Park noted, "It was often difficult to find parking on weekends or holidays, which made us hesitate to visit. With the new parking lot, it should be much easier to enjoy the park." Other residents added, "With improvements to facilities like the barefoot clay path, forest playground, and camping area, the parking issue has also been resolved, which should increase family visits. We expect positive changes for local businesses like restaurants and cafes as well." Mayor Shin stated, "The opening of the Yuldong Park C parking lot will help resolve illegal parking issues in the area and enhance convenience for visitors. I will continue to work to create a space where residents can enjoy nature more comfortably and invigorate the local economy."* This article has been translated by AI. 2026-07-31 16:08:00
  • Cause of Everyones Startup Data Breach Identified as Exposed API Key
    Cause of 'Everyone's Startup' Data Breach Identified as Exposed API Key The 'Everyone's Startup' project, a key government initiative, experienced a data breach due to the exposure of an API key necessary for data decryption. Despite the data being encrypted, the key was accessible through external collection methods, compromising sensitive information of 5,000 successful applicants.On July 31, Noh Yong-seok, the acting Minister of SMEs and Startups, held a briefing at the Government Seoul Complex, announcing the findings of an investigation conducted in collaboration with the National Intelligence Service and the Personal Information Protection Commission.According to the government investigation, the breach occurred when non-public information was included in certain APIs within the 'Everyone's Startup' platform. This information was leaked during the API collection process, which involved web crawling by external entities.The core issue was the compromise of the encryption system. Although the leaked data was encrypted, the API collection process also exposed the decryption key, allowing external parties to access the information directly.The leaked information included email addresses, evaluation comments, and summaries of startup ideas within 200 characters for the 5,000 successful applicants.It was confirmed that a total of 39 domestic IP addresses attempted to access the API containing non-public information. Following a police request for investigation on June 22, authorities are examining the detailed IP records, connections to AI solution companies, and the purpose of the leak.In response to the incident, the Ministry of SMEs and Startups activated a task force immediately after the breach, focusing on protecting applicants and enhancing platform security. To alleviate concerns about idea theft, the ministry began accepting applications for idea protection measures on July 1, resulting in support for over 1,000 ideas, including 785 for 'trade secret original certification' and 232 for 'idea custody.'The trade secret original certification includes a three-year extension and a fee waiver (50,000 won), while idea custody offers free support for technology custody (300,000 won) if technology is advanced within three years. The damage reporting center has received a total of 87 reports (50 damage reports and 9 requests for confirmation of leaks), with no additional reports received since July 8.The security system has undergone significant changes. A new encryption solution has been implemented to protect the platform's database, and access to sensitive information has been restricted to a minimal number of top-level personnel. Following these measures, users must now log in after registration to access key information.However, the Ministry of SMEs and Startups has stated that it will not change the platform operator, citing that a change would require a complete system rebuild, delaying preparations for the second phase of the project.Noh Yong-seok indicated that the schedule for the second phase will proceed after security reviews by the National Intelligence Service are completed in mid-August.Noh noted, "We have confirmed strong demand for a quick resumption of the project during meetings with 17 cities and provinces. This project is funded through a supplementary budget, so it cannot be postponed into the next year due to budgetary constraints. We will proceed with the second phase without delay."* This article has been translated by AI. 2026-07-31 16:08:00