Seoul bans downloads of China's Deepseek AI. Live from the UK, this is the Marketplace Morning Report from the BBC World Service. I'm Nick Karees standing in for Leanna Burn. Morning to you. South Korea has blocked new downloads of China's artificial intelligence chatbot Deepseek over concerns about how it manages users' data.

DeepSeek upended the tech world last month and impacted financial markets

after the company said it could match the performance of chat GPT for a fraction of the cost.

The BBC's G McKenzie has more from Seoul.

DeepSeek was an instant hit in South Korea.

In the week after it made headlines, it leapt to the top of app stores here, with over a million weekly users.

Government ministries quickly banned employees from using the service on work devices.

Now all downloads have been suspended.

The government has accused the company of not adhering to some of its rules on protecting

personal information, but people can still access the web service, and those who already

have the app can keep using it.

South Korea's acting president has described DeepSeek as a shock that could impact the

country's industries beyond AI.

Seoul and Beijing are competing to develop advanced technologies such as semiconductors and batteries

for electric vehicles.

Jean McKenzie there.

The prospect of a Russia-Ukraine peace deal at talks in Saudi Arabia this week has been

affecting global oil prices.

Here's the BBC's Katie Silver.

Since there's been talk of positive developments or potentially a peace deal, we have seen four days in a row oil prices lowering down now about 3% in those four days. Currently, they're

more or less flat. But the market has continued to keep an eye on the progress of these peace talks,

hopes that basically it could lead to a slowing or an ending of sanctions on Russian oil,

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