A planned merger in South Korea’s shared electric bicycle market has collapsed, scrapping a deal that could have produced a dominant operator. Socar’s sale of its Elecle e-bike unit to Kakao Mobility, operator of T Bike, was recently called off after final talks. Mobility platforms are also pushing into lifestyle services such as tire discounts and insurance. The article also highlights developments in Tesla, China’s autonomous driving market, Rivian, robotaxis and EV motorsports.

Use of artificial intelligence in South Korea\'s finance industry is spreading to credit scoring, fraud detection, financial advice and wealth management, but network segregation rules and limited access to AI infrastructure are constraining innovation, speakers said at a forum. Experts urged a shift in regulation from prior permission and approval toward continuous verification and accountability management. Fintech representatives also called for broader participation in rule changes and improved access to up-to-date AI models and infrastructure.