Bitcoin, ether slip and rebound as South Korean stocks slide on AI-related concerns
Investors are positioning ahead of today's bank earnings reports and Wednesday’s U.S. inflation data.
During South Korea's 2027 university entrance exams, smart glasses capable of displaying AI-generated answers appeared. A proctor at Yonsei University confiscated a student's smart glasses mid-exam and the student confessed to using them, prompting an investigation. Yonsei treats smart glasses as banned electronic devices. The university is considering further measures, including potential criminal prosecution.
At the University of Seoul, another student was caught using smart glasses during a natural sciences exam and barred from taking exams for three years. Smart glasses, often equipped with a camera to scan questions and display AI solutions, are a common cheating tool. Cram school instructors have demonstrated their use for Korean language and social studies essays, though math and science problems are more prone to cheating due to straightforward solutions.
Three TOEIC test-takers were caught using AI glasses in May and June, and a man in his 40s was prosecuted for using the devices during a fire protection engineer certification exam. The Education Ministry has urged universities to tighten exam management and the Korea Institute for Curriculum and Evaluation has banned smart glasses from the upcoming national CSAT exam on November 19.
The ministry plans to disqualify anyone caught using the devices and bar them from the next year's exam as well.
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