SK hynix urges government to ease fair trade regulations

SK Hynix has urged the South Korean government to relax fair trade rules to allow the creation of a special-purpose company for raising funds for significant investments. The move comes as the semiconductor firm faces high capital demands amid the global AI boom.

Currently, SK hynix, a second-tier subsidiary of SK Group through SK Square, must retain full ownership when establishing third-tier subsidiaries. The government pledged to cut the ownership requirement to 50 percent, giving chipmakers more flexibility in funding projects.

The company highlighted the rising costs of advanced facilities, noting that a cleanroom at the Yongin semiconductor cluster in 2019 required 7.5 trillion won ($5.14 billion), while the new M15X fabrication plant in 2025 cost around 20 trillion won.

The size and long-term nature of modern semiconductor investments increasingly strain existing methods for raising funds.

SK hynix said letting subsidiaries partner with external investors would ease financial pressure and improve corporate health. The company added that regulatory flexibility is crucial for sustaining investment and competitiveness in a sector marked by high volatility.

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South Korea fake news law sparks fears for press freedom

A significant debate has erupted in South Korea after the National Assembly passed new legislation aimed at tackling so-called fake news.

The revised Information and Communications Network Act bans the circulation of false or fabricated information online. It allows courts to impose punitive damages up to five times the losses suffered when media outlets or YouTubers intentionally spread disinformation for unjust profit.

Journalists, unions and academics warn that the law could undermine freedom of expression and weaken journalism’s watchdog function instead of strengthening public trust.

Critics argue that ambiguity over who decides what constitutes fake news could shift judgement away from the courts and toward regulators or platforms, encouraging self-censorship and increasing the risk of abusive lawsuits by influential figures.

Experts also highlight the lack of strong safeguards in South Korea against malicious litigation compared with the US, where plaintiffs must prove fault by journalists.

The controversy reflects more profound public scepticism about South Korean media and long-standing reporting practices that sometimes rely on relaying statements without sufficient verification, suggesting that structural reform may be needed instead of rapid, punitive legislation.

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Nomani investment scam spreads across social media

Fraudulent investment platform Nomani has surged, spreading from Facebook to YouTube. ESET blocked tens of thousands of malicious links this year, mainly in Czech Republic, Japan, Slovakia, Spain, and Poland.

The scam utilises AI-generated videos, branded posts, and social media advertisements to lure victims into fake investments that promise high returns. Criminals then request extra fees or sensitive personal data, and often attempt a secondary scam posing as Europol or INTERPOL.

Recent improvements make Nomani’s AI videos more realistic, using trending news or public figures to appear credible. Campaigns run briefly and misuse social media forms and surveys to harvest information while avoiding detection.

Despite overall growth, detections fell 37% in the second half of 2025, suggesting that scammers are adapting to more stringent law enforcement measures. Meta’s ad platforms earned billions from scams, demonstrating the global reach of Nomani fraud.

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Aflac confirms large-scale data breach following cyber incident

US insurance firm Aflac has confirmed that a cyberattack disclosed in June affected around 22.65 million people. The breach involved the theft of sensitive personal and health information; however, the company initially did not specify the number of individuals affected.

In filings with the Texas attorney general, Aflac said the compromised data includes names, dates of birth, home addresses, government-issued identification numbers, driving licence details, and Social Security numbers. Medical and health insurance information was also accessed during the incident.

A separate filing with the Iowa attorney general suggested the attackers may be linked to a known cybercriminal organisation. Federal law enforcement and external cybersecurity specialists indicated the group had been targeting the insurance sector more broadly.

Security researchers have linked a wave of recent insurance-sector breaches to Scattered Spider, a loosely organised group of predominantly young, English-speaking hackers. The timing and targeting of the Aflac incident align with the group’s activity.

The US company stated that it has begun notifying the affected individuals. The company, which reports having around 50 million customers, did not respond to requests for comment. Other insurers, including Erie Insurance and Philadelphia Insurance Companies, reported breaches during the same period.

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Deutsche Bank warns on scale of AI spending

Deutsche Bank has warned that surging AI investment is helping to prop up US economic growth. Analysts say that broader spending would have stalled without the heavy outlays on technology.

The bank estimates hyperscalers could spend $4 trillion on AI data centres by 2030. Analysts cautioned returns remain uncertain despite the scale of investment.

Official data showed US GDP grew at a 4.3% annualised rate in the third quarter. Economists linked much of the momentum to AI-driven capital expenditure.

Market experts remain divided on risks, although many reject fears of a bubble. Corporate cash flows, rather than excessive borrowing, are funding the majority of AI infrastructure.

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Creators embrace AI music on YouTube

Increasingly, YouTube creators are utilising AI-generated music to enhance video quality, saving time and costs. Selecting tracks that align with the content tone and audience expectations is crucial for engagement.

Subtle, balanced music supports narration without distraction and guides viewers through sections. Thoughtful use of intros, transitions and outros builds channel identity and reinforces branding.

Customisation tools allow creators to adjust tempo, mood and intensity for better pacing and cohesion with visuals. Testing multiple versions ensures the music feels natural and aligns with storytelling.

Understanding licensing terms protects monetisation and avoids copyright issues. Combining AI music with creative judgement keeps content authentic and original while maximising production impact.

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Meta restricts Congress AI videos in India

Meta has restricted access in India to two AI-generated videos posted by the Congress party. The clips depicted Prime Minister Narendra Modi alongside Gautam Adani, Chairman of the Adani Group.

The company stated that the content did not violate its community standards. Action followed takedown notices issued by Delhi Police under India’s information technology laws.

Meta warned that ignoring the orders could jeopardise safe harbour protections. Loss of those protections would expose platforms to direct legal liability.

The case highlights growing scrutiny of political AI content in India. Recent rule changes have tightened procedures for ordering online takedowns.

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AI search services face competition probe in Japan

Japan’s competition authority will probe AI search services from major domestic and international tech firms. The investigation aims to identify potential antitrust violations rather than impose immediate sanctions.

The probe is expected to cover LY Corp., Google, Microsoft and AI providers such as OpenAI and Perplexity AI. Concerns centre on how AI systems present and utilise news content within search results.

Legal action by Japanese news organisations alleges unauthorised use of articles by AI services. Regulators are assessing whether such practices constitute abuse of market dominance.

The inquiry builds on a 2023 review of news distribution contracts that warned against the use of unfair terms for publishers. Similar investigations overseas, including within the EU, have guided the commission’s approach.

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AI to reshape finance in 2026

Chief financial officers predict AI will shift finance from experimentation to enterprise-wide impact in 2026. Real-time insights, scenario modelling and strategic decision-making are expected to become central to finance functions.

Success depends on trusted data, strong governance, modernised architectures and human judgement. AI will not replace expertise, but rather reveal gaps and reward organisations that integrate AI with their strategy.

CFOs plan to use AI for capital allocation, forecasting, risk management and operational efficiency. The focus is moving from efficiency gains to transformative, high-value work that drives measurable outcomes.

Enterprise-wide adoption of AI will require robust oversight and upskilling of finance teams. Leaders who modernise systems and combine AI with human expertise will gain a competitive edge.

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South Korea tightens ID checks with facial verification for phone accounts

Mandatory facial verification will be introduced in South Korea for anyone opening a new mobile phone account, as authorities try to limit identity fraud.

Officials said criminals have been using stolen personal details to set up phone numbers that later support scams such as voice phishing instead of legitimate services.

Major mobile carriers, including LG Uplus, Korea Telecom and SK Telecom, will validate users by matching their faces against biometric data stored in the PASS digital identity app.

Such a requirement expands the country’s identity checks rather than replacing them outright, and is intended to make it harder for fraud rings to exploit stolen data at scale.

The measure follows a difficult year for data security in South Korea, marked by cyber incidents affecting more than half the population.

SK Telecom reported a breach involving all 23 million of its customers and now faces more than $1.5 billion in penalties and compensation.

Regulators also revealed that mobile virtual network operators were linked to 92% of counterfeit phones uncovered in 2024, strengthening the government’s case for tougher identity controls.

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