At the first monetary policy direction meeting of the year, the Bank of Korea’s Monetary Policy Committee agreed that “the need for further tightening of the base rate has decreased.” However, they expressed the opinion that lower interest rates may have side effects because the risk of rising prices may increase in a situation where the proportion of household debt is still high.
KT Group is strengthening its artificial intelligence(AI) alliance by investing KRW 33 billion in the Series B round of Rebellions, Korean AI semiconductor design(fabless) startup.