South Korea Will Give Every Citizen Free AI Access With Unlimited Tokens
Related
Starting October 1st, South Korea will introduce civil seizure rules for crypto assets, allowing courts to directly freeze, transfer, and dispose of digital assets through local crypto exchage.
PANews reported on July 6 that, according to Solid Intel, South Korea will introduce civil seizure rules for crypto assets starting October 1, allowing courts to directly freeze, transfer, and dispose of digital assets through local crypto exchage.
South Korea plans to invest 5 trillion won in excess tax revenue from semiconductors to develop "sovereign AI" and purchase 10,000 GPUs to support a single team.
According to Beating's monitoring, the Korea Economic Daily revealed that South Korea's Ministry of Science and ICT is in discussions with the Presidential Office and the Ministry of Finance, planning to utilize approximately 5 trillion won in excess tax revenue from the semiconductor industry to purchase about 10,000 of NVIDIA's most advanced Vera Rubin superchip GPU modules this year. This investment will be used to support elite teams developing world-class "sovereign AI" models. This decision stems directly from the sense of crisis caused by US export controls on cutting-edge AI models—Anthropic's Fable 5 and OpenAI's GPT-5.6 have been restricted from external access, forcing South Korean companies to urgently modify systems built on these models. The concept of "national strategic assetization" of AI models has thus become a reality. Currently, although four teams in South Korea—LG AI Research Institute, SK Telecom, Upstage, and Motif Technologies—are advancing independent basic model projects, each team only receives support from 700 to 800 GPUs. This dispersed investment makes it difficult to compete with globally leading models that utilize tens of thousands of GPUs. The government has therefore decided to shift to a "selection and concentration" strategy, allocating 10,000 GPUs to the best teams at once, and plans to include special funds in the supplementary budget for attracting top overseas AI talent. South Korean President Lee Jae-myung publicly stated last month that the GPU procurement pace was too slow and demanded that related funds be ensured when compiling the supplementary budget. The current global competitive window is extremely short, with companies like Anthropic and OpenAI iterating new models weekly. France, with its single-focus strategy, has surpassed Meta to become the seventh largest AI provider globally, thanks to Mistral AI. If South Korea cannot catch up in the short term, it risks becoming an "AI vassal state." The South Korean semiconductor academic community has given this positive feedback, believing that investing the funds gained from hardware prosperity into building software competitiveness is essentially an investment in the country's future. --------------------------------- Click the original link below to join the Beating · Lark AI news channel for 24/7 monitoring of global AI hotspots and news.
South Korean regulators are reviewing whether Polymarket constitutes illegal gambling, giving it an opportunity to respond before making a decision.
PANews reported on July 6 that, according to The Block, South Korea's media regulator will give Polymarket an opportunity to respond before deciding whether to take corrective action against its prediction market platform. The regulator is reviewing whether Polymarket's services constitute illegal gambling activities prohibited by South Korean law.
LoL Season 4 World Champion imp may have already achieved financial freedom by heavily investing in US and Korean stocks.
According to Odaily Odaily, blockchain analyst Ai Yi posted on the X platform that, according to Doinb's revelation, LoL S4 World Champion imp suddenly stopped streaming in March 2026 because he no longer needed to stream after making profits from stock trading. Imp previously mentioned in a stream that "the money he earned from streaming for a month is less than what he earned from stock trading in a day; his assets increased tenfold between March and October 2025; he heavily invested in Hynix and bought Nvidia shares." Furthermore, imp's hiatus coincided with the surge in South Korean semiconductor prices, but imp himself did not respond to rumors of financial freedom; MLXG, who also enjoys investing in stocks with his salary, heavily invested in liquor stocks, and his assets have almost disappeared.
South Korean lawmakers warn that the KOSPI index has "become a casino" and call for the delisting of leveraged ETFs.
Odaily Odaily reports that South Korean lawmakers are increasingly concerned about the risks of single-stock leveraged ETFs, with one opposition lawmaker calling for the delisting of such products. On Monday, Ahn Cheol-soo, a conservative People Power Party lawmaker and former presidential candidate, posted on social media calling for strong corrective measures, including delisting, for South Korean leveraged ETFs tracking Samsung Electronics and SK Hynix. He wrote that the Korea Composite Stock Price Index (KOSPI) "has become a casino," and that such products are "a complete policy failure, eroding trillions of won in corporate value and national wealth every day." His comments have heightened concerns among policymakers and investors about the risks of these ETFs. These products aim to achieve double the return on their underlying stocks, and their mechanized rebalancing process forces them to buy more when prices rise and sell more when prices fall, potentially amplifying market volatility. (Jinshi)
South Korea officially launched a 24-hour trading mechanism for the Korean won spot foreign exchange market.
Odaily Odaily reports that South Korea officially launched a 24-hour spot USD/KRW trading mechanism on Monday to enhance the convertibility of the won and strive for developed market status in the MSCI World Index. Under the new mechanism, the South Korean spot foreign exchange market will open at 6:00 AM every Monday and trade continuously until 6:00 AM on Saturday, achieving 120 hours of continuous trading per week. South Korean Finance Minister Koo Yoon-cheol stated that this move will be "an important starting point for the won's globalization." (Reuters)