AI Takes Over Broadcasting: SOOP Develops AI Streamers

■AI PRISM [Startup News] Jusung IPO Retail Subscription Hits 2,784-to-1 DayOne Company Suffers Personal Data Breach Affecting Up to 1 Million CME Files Suit Over Kalshi Perpetual Futures Approval

Finance|
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By Kang Do-won
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null - Seoul Economic Daily Finance News from South Korea

▲AI PRISM* Customized Economic Briefing

*Editor's Note: 'AI PRISM' (Personalized Report & Insight Summarizing Media) is an "AI-based personalized news recommendation and summarization service" developed with support from the Korea Press Foundation. It selects and provides six customized news items by reader type.

[Key Issue Briefing]

■ Rise of AI Streamers: Live streaming platform SOOP is developing in-house a Large Video Model (a multimodal AI technology that integrally understands video, audio, and behavioral information) that learns streamers' speech patterns, facial expressions, and broadcast atmosphere based on 5 billion real-time communication data points annually. Learning from an average of 200 million chat and post data points and 1,000 hours of live and VOD data each day, the platform is ushering in an era of "AI streamers" that can continue broadcasting even in a streamer's absence.

■ Semiconductor and Aerospace IPO Success: Jusung, a company specializing in ultra-precision motion control (technology that precisely controls the position, speed, and force of mechanical parts), recorded a competition ratio of 2,784-to-1 in its retail subscription, drawing the third-highest subscription enthusiasm among this year's KOSDAQ-listed companies. Jusung, recognized with a market capitalization of 150.6 billion won, plans to concentrate its 20 billion won in public offering proceeds on developing semiconductor motion systems and space equipment.

■ Crypto Asset Regulation Clash: Amid the easing stance on cryptocurrency regulation by U.S. President Donald Trump's administration, legal conflict has begun in earnest as the Chicago Mercantile Exchange (CME) Group filed a lawsuit in federal court seeking to invalidate the approval of bitcoin perpetual futures by prediction platform Kalshi. Adding to the controversy, conflict-of-interest concerns have intensified following revelations that Donald Trump Jr., the president's eldest son, serves as an adviser to both Kalshi and rival platform Polymarket.

[News of Interest to Startup Founders]

1. AI as Streamers: SOOP Leaps Forward With '5 Billion Communication Data Points'

- Key Summary: Live streaming platform SOOP has begun developing an AI streamer service based on approximately 5 billion real-time communication data points annually. About 15,000 streamers are active on SOOP, conducting 7 million broadcasts per year, with total viewing time over the past 30 days reaching 115 million hours. Using this data, SOOP is developing in-house a Large Video Model that integrally processes video, audio, and behavioral information, and is successively launching customized services including generative AI 'SAVYG' for streamers, video assistant 'SOOPI' for users, and AI manager 'SARSA.' Lee Kyung-hwan, head of SOOP's AI Lab, said, "SOOP's AI services help streamers conduct content more easily and help users find their preferences."

2. Jusung Retail Subscription Success: Competition Ratio 2,784-to-1

- Key Summary: Jusung, a company specializing in ultra-precision motion control, recorded a competition ratio of 2,783.89-to-1 in its retail subscription held on the 18th and 19th of this month, receiving a total of 402,395 subscription applications. The margin deposit was tallied at approximately 6.9597 trillion won, the third-highest competition ratio among this year's KOSDAQ-listed companies after Polled (487580) and MakinaRocks (477850). In the institutional demand forecast, 2,252 domestic and foreign institutional investors participated, recording a competition ratio of 1,295-to-1, and the offering price was set at 12,500 won, the top of the desired band, recognizing a market capitalization of 150.6 billion won. Choi Dong-su, CEO of Jusung, said, "Through ultra-precision motion control technology, we are expanding the proportion of semiconductor sales and concentrating on the aerospace field as a next-generation growth engine."

3. DayOne Company (373160), Operator of Fast Campus, Suffers Personal Data Breach

- Key Summary: At DayOne Company (373160), which operates online education platform Fast Campus, an abnormal intrusion into the computer management system occurred on the 9th of last month, and personal information of instructors and customers was stolen. The scale of the breach is estimated at a minimum of several hundred thousand to a maximum of 1 million people, with eight affiliated platforms including Fast Campus, Coloso, and Zerobase involved in the incident. For some instructors, sensitive information including names, phone numbers, account numbers, resident registration numbers, and credit card numbers was reportedly leaked. After recognizing the incident, DayOne Company filed reports successively with the Ministry of Science and ICT and the Personal Information Protection Commission. Meanwhile, the company said it does not hold sensitive information such as customers' resident registration numbers, so there was no leak of such information.

4. Exchange Pushback Over 'Kalshi' Bitcoin Futures, Compounded by Trump Family Investment Controversy

- Key Summary: The Chicago Mercantile Exchange (CME) Group, a U.S. derivatives exchange operator, filed a lawsuit in the Washington, D.C. federal court in protest against a decision by the Commodity Futures Trading Commission (CFTC, the U.S. derivatives market regulator) to allow prediction betting platform Kalshi to launch bitcoin perpetual futures contracts. Kalshi's products allow leveraged investment of up to 50 times with cryptocurrency prices as the underlying asset, and according to CryptoQuant, global perpetual futures trading volume last year surged 29% from the previous year to $61.7 trillion. While CME claims that Kalshi enjoyed regulatory arbitrage by utilizing a designated contract market license with low regulatory barriers, a CFTC spokesperson countered that it was "afraid of fair competition." In addition, conflict-of-interest concerns have intensified following revelations that Trump Jr., the eldest son of U.S. President Donald Trump, serves as an adviser to both Kalshi and Polymarket, and invested in Polymarket through venture capital firm '1789 Capital.'

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null - Seoul Economic Daily Finance News from South Korea
null - Seoul Economic Daily Finance News from South Korea
null - Seoul Economic Daily Finance News from South Korea
null - Seoul Economic Daily Finance News from South Korea
null - Seoul Economic Daily Finance News from South Korea
null - Seoul Economic Daily Finance News from South Korea

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Original reporting by Kang Do-won for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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