Korea's forgotten fortune: $1.1 bil. in shares left unclaimed
Nearly 1.5 trillion won ($1.1 billion) worth of shares held by the Korea Securities Depository (KSD) remain unclaimed by some 26,000 shareholders, data showed Thursday. According to data released by Rep. Han Min-soo of the ruling Democratic Party of Korea, the KSD held 800.84 million unclaimed shares worth a combined 1.47 trillion won as of the end of August. Unclaimed shares typically arise when shareholders fail to claim shares issued through rights offerings, bonus issues or stock dividends. Shareholders may be unaware of the newly issued shares or miss notifications after changing their addresses. In such cases, the shares are held by the KSD or other designated transfer agents until their rightful owners claim them. The value of unclaimed shares rose by about 26.4 billion won in the first eight months of this year, from 1.44 trillion won at the end of last year, when 763.54 million shares remained unclaimed. The number of shareholders with unclaimed shares also increased by 931, from 25,349 at the end of last year to 26,280 as of August. The figure included 22,526 individual sharehol
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SpaceX catches Starship for first time, drawing praise in Washington
SpaceX’s Starship aircraft successfully touched back down at a South Texas launch site Saturday afternoon — marking a historic milestone in the aerospace giant's effort to build reusable rockets. The 170-foot-long spacecraft launched from Starbase, Texas, on Friday for its 15th flight, the Elon Musk-headed company wrote in a Saturday release. Once it got into orbit,...
AMD launches 6th Gen EPYC Embedded processors with up to 256 Zen 6 cores
Built for semiconductor testing, enterprise storage and network security, AMD’s new embedded processors promise greater performance, faster connectivity and 7 years of product support.
Sony reportedly bowing out of Blu-ray players, so is this the end of Blu-ray?
What does the future hold for Blu-ray?
Burchett rips Johnson, Thune over FAA funding: 'Step up to the daggum plate'
GOP Rep. Tim Burchett (Tenn.) called on his party's congressional leadership — House Speaker Mike Johnson (La.) and Senate Majority Leader John Thune (S.D.) to "step up to the daggum plate" Saturday morning, urging the pair to pass legislation funding air travel infrastructure updates in light of Friday's nationwide ground stop. “We know that it...
Recapping the recent Pokemon TCG PH Controversy
MANILA, Philippines – The recent controversy surrounding the Pokemon TCG community has renewed conversation on safe spaces. You’re walking around an event, happy to see your hobby out in full display. With how frequently hobby gatherings and events have been happening, it’s no surprise that these interests would eventually be monetized one way or another.
Microsoft services fully restored after global disruptions
Microsoft confirmed its services are fully restored as of Saturday after the tech company faced a massive global outage impacting its platforms earlier in the week. “We have completed our efforts to address the underlying issue of the incident and restored service to the remaining impacted customers and regions,” the company wrote in a post...
Italy fines Meta $887M for accessing users' photos without specific consent
Italy announced Saturday it is handing Meta an $887 million fine for using photos and videos from Android users’ Facebook galleries without specific consent. Investigators found Facebook had enabled a “get suggestions from gallery when browsing” feature by default and requested access to users' personal photo library through a single permission notice, according to a...
Blumenthal says Lutnick ‘must go’ following Nvidia scandal
Democratic Sen. Richard Blumenthal (Conn.) called on Howard Lutnick, President Trump’s Commerce secretary, to step down over reports the cabinet member shielded Nvidia from federal oversight — accusations which emerged after the tech giant's CEO resigned this week. Jensen Huang stepped down from Nvidia's chief role Thursday after claims came to light of his reported...
DEFA 2026: Three ways it benefits Filipinos
MANILA, Philippines – At the ASEAN Business & Investment Summit held today at the Solaire Resort Grand Ballroom, H.E. DTI Secretary Cristina Roque announced that the ASEAN Digital Economy Framework Agreement (DEFA) had just been signed and will be presented to the President tomorrow. What is DEFA? This agreement has lasting implications for the digital
New York sued over 'warning label' law for social media applications
An internet trade group, representing 30 members including Google, YouTube, Facebook and Instagram, has sued the state of New York challenging its law that requires social media platforms to provide state-approved warning labels for users. NetChoice's complaint said the state law violates the free-speech protections or First Amendment rights, Reuters reported. The law, that was signed...
Musk: 'Critical deals will be lost' at Nvidia without Huang
SpaceX CEO Elon Musk wrote on Saturday that Nvidia will lose “critical deals” after CEO Jensen Huang’s exit from the company following reports of his extramarital affairs, including one with an alleged Chinese spy. “Jensen drove supply chain brilliantly at Nvidia, but many of those deals were a handshake with Jensen, not a written contract,”...
Microsoft releases statement after Outlook outage
MANILA, Philippines – Microsoft apologized for the global Outlook outage, citing that a technical issue was the cause and that the issue has been resolved. “We are deeply sorry for the disruption this incident has caused our customers and partners,” began the statement. “This was a technical issue not related to cyber or AI /
