South Korea And Google To Launch AI Campus In Seoul

Strategic Alliance For A Future-Driven Economy

South Korea and Google have agreed to establish an AI campus in Seoul, aimed at supporting collaboration between global and local technology ecosystems. The initiative was announced by Kim Yong-beom, presidential policy adviser, and is intended to connect Google with Korean engineers and startups.

High-Level Engagement And Shared Vision

The plan was discussed during a meeting in Seoul between Lee Jae Myung, President of South Korea, and Demis Hassabis, Chief Executive Officer of Google DeepMind. Following the meeting, the Ministry of Science and ICT signed a memorandum of understanding with Google, outlining cooperation on the project.

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Robust Framework For Innovation And Talent Development

As part of the agreement, South Korea requested that Google assign at least 10 engineers from its United States operations to the Seoul campus. The objective is to support knowledge transfer and workforce development through collaboration, internships, and training programmes at the site. Hassabis said the initiative is expected to contribute to skills development in areas linked to artificial intelligence.

Strengthening Industry Partnerships And Addressing Future Challenges

Beyond technical collaboration, discussions between President Lee and Hassabis highlighted the broader socio-economic impact of AI. President Lee raised important concerns regarding job displacement and the potential need for a base wage system to mitigate the adverse effects of automation. Furthermore, DeepMind expressed a strong interest in deepening relationships with key Korean industry players, including Samsung, SK Hynix, Boston Dynamics (a Hyundai subsidiary), and LG, to spearhead joint projects and technological breakthroughs.

Inspiring A New Era Of Artificial Intelligence

A reference to the AlphaGo victory in South Korea highlighted an earlier milestone that helped accelerate interest in artificial intelligence and its practical applications. Through the development of the AI campus, South Korea and Google aim to support an ecosystem focused on areas including semiconductors, robotics, and related technologies.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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