Technology
South Korea Presidential Election 2025: Students Embrace AI's Future Potential While Questioning Candidates' Preparedness for Tech Leadership
- 2025-06-03
- Politics
- By: Wang YunqiEdited by: BO Chuxuan
- 2025-06-03
Young voters in South Korea expressed different views on increasing funding for AI development, as some presidential candidates have mentioned AI in their speeches, amid the country's rising financial input for technology research and development. “I think it’s kind of a waste of money because we already have technologies like GPT, and China has DeepSeek. Developing AI requires a lot of information and money,” said Kim Jun Young, an English Education student at Korea University. “Still, we don’t really have sufficient resources to compete on the same level,” she added. Park (assume name), 26, majored in computer science, has also expressed doubts about the practicality and feasibility of AI policies proposed by different candidates. “ I’m doubtful whether they can achieve meaningful advancements in this field,” he said, adding that he thinks many candidates do not understand AI much. South Korea recently increased the research and development budget for 2025 by 16.1 percent year-on-year to a record high of KRW 24.8 trillion (HK$ 141.4 billion) with a focus on cutting-edge technologies such as artificial intelligence (AI), biotechnology, and quantum technology. The ambitious investment aims to position South Korea as a global leader in these fields. Lee Jae-myung, the presidential candidate of the Democratic Party, who leads the poll, has identified AI, renewable energy, and the cultural industries as essential tools for addressing South Korea’s economic challenges meanwhile Kim Moon-soo, first runner-up in the poll, from the conservative People Power Party, promote himself by creating a joint fund to boost AI development. Meanwhile, Lee Jun-seok, the youngest candidate among all, representing the Reform New Party, emphasises the importance of data freedom in AI development and highlights the role of Large Language Models (LLMs) in advancing the industry. AI has become a core driving force for national development, with applications spanning industries …
Augmented reality empowers locals to revisit cultural sites
- 2025-04-09
- Society
- By: CHAN Hiu Ying、Ruoyu LIEdited by: Chun Hei LUK
- 2025-04-09
A red clock has mysteriously appeared on street lamps at Tai Hang, allowing people to revisit and immerse in the past cultural events under an augmented reality project called “City In Time”. Jeffery Wang, 15, a secondary student, walked towards the red clock and scanned the QR code. Then a street scene of Tai Hang from the past appeared on his phone. By turning his phone around, he could see what the area looked like from different perspectives. “It is quite an innovative thing. I have only read about Hong Kong’s past in textbooks. City In Time has given me a unique experience to know more about Hong Kong culture,” he said. "City In Time" allows users to compare and experience historical scenes while standing in present-day surroundings at 39 designated locations around Hong Kong. “The AR technology, primarily used in games, now allows users to immerse themselves in real cultural events at the locations they are standing through this app,” said Wong Tsz-yan, 22, a programme promoter. “Such experiences are more realistic compared to some presentations through picture and text descriptions.” “Few people value Hong Kong’s culture anymore, especially its intangible aspects, and some of them are beginning to be lost,” Wong added. Wong hopes the government can do more to preserve local culture, for example, by raising public awareness on traditional handicrafts, so that they will not be forgotten. Richard William Allen, the project director of City In Time and the chair professor at the School of Creative Media at City University of Hong Kong, said that the project was initiated by the Tourism Commision in 2018. They aimed to develop more types of virtual tours and explore innovative ways to share Hong Kong's rich cultural heritage and environment with tourists and the public. “When this opportunity arose, …
Hong Kong seizes crypto opportunities as Consensus’ Asian host
- 2025-02-19
- Business
- By: WANG RuoshuiEdited by: Yichun Fang、BO Chuxuan、XIA Fan
- 2025-02-19
Hong Kong bolsters its local Web3 industry as it welcomes the world’s top crypto and Web3 summit, Consensus, to launch its Asian debut today, reflecting its growing role as a global hub for virtual asset innovation. The event, organised by the US crypto news outlet CoinDesk, is one of the industry’s biggest conferences. Expected to draw over 8,000 attendees, including 6,000 international delegates, the conference’s agenda underscores the latest topics and trends in the Web3 space. Financial Secretary Paul Chan said in the opening talk that Hong Kong would promote the development of the cryptocurrency market by introducing a series of policies, with nine virtual asset trading platform licenses already issued and more in the pipeline. According to Julia Leung, Chief Executive Officer of the Hong Kong Securities and Futures Commission, virtual assets now enter the second phase, and Hong Kong is developing a pro-growth strategy. Leung added that Hong Kong will first complete the legislation on virtual asset activities, followed by expansions of its products and services, and then optimise operational processes, including hot wallet and cold wallet provisions. Hong Fang, president of OKX, a licensed crypto trading platform in Hong Kong, pointed out that jurisdictions around the world are stepping up the compliance process in the digital asset space as the US accelerates its cryptocurrency regulatory system. She emphasised that the clarity of US regulatory policy is triggering a chain reaction in the international market, prompting regulators in different regions to introduce complementary measures in response to industry changes. However, CoinW, a comprehensive crypto-asset trading company, is still on its way to pursuing a compliance license this year. Man Yeung, the Business Development Manager of CoinW, hopes for more transparent and more explicit guidelines to smooth the application procedure. Over the past year, local media have reported cases …
