Bithumb will launch the Impossible Cloud Network (ICNT) Korean Won trading pair.
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The South Korean government is considering extending the sovereign AI core GPU guarantee project, with a budget of up to 4 trillion won next year.
According to Odaily Odaily, the South Korean government is considering extending its support project for GPUs, a core resource for AI. On July 7th, industry sources indicated that the Ministry of Science and ICT is investigating the capacity of major South Korean cloud service providers to build additional GPUs, aiming to extend the "AI Computing Resource Utilization Infrastructure Enhancement Project." The core of this project involves government-funded purchases of GPUs, deployment in cloud service provider data centers, and support for industry-academia-research collaboration. Last year, the South Korean government allocated a budget of 1 trillion won, and this year it allocated 2 trillion won, securing over 20,000 GPUs. The project was originally scheduled to end this year, but with the surge in demand for advanced resources such as NVIDIA's next-generation GPU Vera Rubin, the South Korean government is developing comprehensive countermeasures, including data center efficiency optimization and new space security plans. It is reportedly already applying to the Planning and Budget Office for a "limited additional budget" for GPU security. Industry estimates suggest that, considering this year's GPU security budget and the government's intentions, next year's budget could reach a maximum of approximately 4 trillion won. Industry experts say that compared to the GPU supply itself, "equipment installation space" will be the key to the success or failure of the project, because running thousands of high-performance GPUs simultaneously requires a large power supply and advanced cooling systems, and the equipment installation space held by South Korean companies is nearing saturation. (ETNews Electronics)
KT, a South Korean telecommunications company, plans to invest 18 trillion won to advance its Token Factory and stablecoin businesses.
According to a report by Digital Daily, South Korean telecom operator KT announced that it will invest approximately 18 trillion won over the next three years, with 12 trillion won allocated to information security, IT, and networks, and 6 trillion won to AI infrastructure, while also advancing its Token Factory and stablecoin businesses. KT plans to combine its 1GW-scale AI data center, token optimization engine, and billing and settlement capabilities to create a Token Factory that supports token generation, intermediation, and billing. Simultaneously, it intends to enter the stablecoin digital financial platform market, leveraging K Bank's 16 million customers, BC Card's 3.5 million merchants, and KT's network and security infrastructure to cover the entire ecosystem from issuance and custody to settlement and actual use.
Bank of Korea launches 24-hour won settlement pilot for foreign investors
The Bank of Korea’s new network will let foreign investors settle won transactions during business hours in their home countries.
The South Korean won appreciated by more than 1% against the US dollar.
According to ChainCatcher, Gate market data shows that the Korean won has risen by more than 1% against the US dollar.
South Korean fintech company Toss is partnering with Optimism and Sunnyside Labs to explore stablecoins in the Korean won.
PANews reported on July 8th that, according to The Block, South Korean fintech company Toss is collaborating with Optimism and Sunnyside Labs to explore a won-denominated stablecoin. The three parties will conduct proof-of-concept trials in the coming months to test the application of OP Stack in compliant blockchain digital financial infrastructure.
Upbit will list its OPG token on the Korean won market.
PANews reported on July 7 that, according to an official announcement, South Korean crypto exchage Upbit will list the OPG token on the Korean won market.