Kroger laying off 3,000 corporate employees over 3 years amid increased AI use
Grocery store chain Kroger said it will lay off 3,000 corporate employees over the next three years as it ramps up its use of artificial intelligence to streamline operations....
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El-Sayed labels AI 'existential threat’
Michigan Senate candidate Abdul El-Sayed (D) labeled AI an “existential threat” Tuesday, as he laid out a framework that aims to get the technology “under control.” El-Sayed, who is locked in a tight ...
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Delivery fee cap risks shifting costs to riders, consumers
Pending bills at the National Assembly proposing a cap on delivery platform fees charged to food businesses to reduce their financial burdens, particularly small businesses with limited customer bases...
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CJ OliveNetworks teaches elementary students self-driving car coding
CJ OliveNetworks, the information technology services affiliate of CJ Group, is running a hands-on coding camp for elementary school students in Bucheon, Gyeonggi Province, to teach them how artificia...
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AI supply chain exposure splits Q3 outlook for Samsung, LG parts units
Exposure to the artificial intelligence (AI) supply chain is splitting the third-quarter earnings outlooks for LG Innotek and Samsung Electro-Mechanics. The former faces weaker earnings prospects beca...
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LG Uplus app AI moves beyond Q&A to handle payments, roaming
LG Uplus is upgrading the artificial intelligence (AI) search engine in its customer app into an active agent that completes tasks rather than just answering questions, the company said Tuesday. Korea...
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KAIST's HBM pioneer honored with S&T Innovation Award
As artificial intelligence (AI) drives demand for ever-faster computing, Kim Joung-ho, a professor from Korea Advanced Institute of Science & Technology (KAIST), credited with helping lay the foundati...
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Samsung showcases next-generation AI memory at OCP, highlights AMD partnership
Samsung Electronics showcased next-generation memory and storage technologies at the 2026 OCP Global Summit in the United States on Monday (local time), highlighting its efforts to improve artificial ...
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Bond, CD issuance climbs 11.1% in Q3
Sales of bonds and certificates of deposits (CDs) in Korea rose more than 11 percent in the third quarter of this year from a year earlier, data showed Tuesday. The value of debt instruments issued du...
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SK earthon begins oil production at offshore field in Vietnam
SK earthon, a Korean oil exploration and production (E&P) company, said Tuesday oil production has recently begun at an offshore field in Vietnam where it holds a stake. U.S.-based Murphy Oil Corp., t...
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LS Electric secures $138.7 mil. transformer deal in US
LS Electric said Tuesday it has signed a 185.3 billion-won ($138.7 million) contract with global power solutions provider Bloom Energy to supply switchgear and distribution transformers. With the late...
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HD Hyundai, Siemens launch joint center for digital shipbuilding
HD Hyundai and Siemens Digital Industries Software opened a joint center in Busan on Tuesday as part of their efforts to accelerate digital transformation in the shipbuilding industry. HD Korea Shipbu...
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Seoul AI startup secures prized gateway to US market via New York program
A Seoul-based AI startup has joined a prestigious New York City commercialization program, opening a rare doorway to test its products with American companies and court global investors. NextPayments ...
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KAMCO broadens cooperation with Asian markets on bad loan management
The Korea Asset Management Corporation (KAMCO) is expanding its cooperation with Asian financial authorities, drawing on nearly three decades of experience managing nonperforming loans (NPL) to help c...
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Jinju to host international entrepreneurship forum Oct. 18-20
Jinju, South Gyeongsang Province, will host the 2026 Jinju International Forum on Entrepreneurship from Oct. 18 to 20, bringing together United Nations officials, global business leaders and scholars ...
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Shinhan becomes 1st Korean financial group to establish holding company in Indonesia
Shinhan Financial Group has officially launched Shinhan Financial Group Indonesia, becoming the first Korean financial group to establish a local financial holding company in the Southeast Asian count...
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Shinhan Financial acquires Lotte Insurance for $518 mil.
Shinhan Financial Group Inc., a major banking group, has decided to take over a midsize non-life insurer for 693 billion won ($518 million) to diversify its business portfolio, industry sources said T...
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Lexus Korea unveils 1st all-electric ES sedan
Lexus Korea has launched its first all-electric ES sedan, expanding the luxury carmaker’s electrification strategy beyond its established hybrid lineup, as it moves to strengthen its position in the i...
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CXMT's new DRAM tech to test Korean memory makers' dominance
Concerns are growing that the technological gap between China's CXMT and Korean memory makers Samsung Electronics and SK hynix in DRAM technology has already narrowed, after the Chinese company unveil...
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MetLife Korea opens new headquarters in central Seoul
MetLife Korea relocated its headquarters from Gangnam District in southern Seoul to the central part of the capital, the insurer said Tuesday. MetLife Asia Regional President Lyndon Oliver, MetLife Ko...
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Kakao unveils Kanana Space as KakaoTalk expands into AI interface
Kakao showcased an artificial intelligence (AI) assistant, Kanana Space, for KakaoTalk on Tuesday, outlining plans to turn its flagship messenger into an interface for managing messages, schedules and...
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Naver-Toss rivalry deepens as both sides trade accusations
The rivalry between Korean tech giants Toss and Naver has escalated into a public dispute, with both sides trading accusations of unfair business practices, drawing scrutiny from lawmakers, industry o...
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Samsung chairman to receive Samsung Electronics shares worth $1.94 bil. from mother
Samsung Electronics Executive Chairman Lee Jae-yong will receive the company’s shares worth 2.6 trillion won ($1.94 billion) from his mother, former Leeum Museum of Art Director Hong Ra-hee. According...
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Supreme Court to hear DOGE’s bid to avoid turning over internal documents
The Supreme Court on Tuesday agreed to review a requirement that the Department of Government Efficiency (DOGE) turn over internal communications in ongoing litigation, which the Trump administration ...
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Huawei, once hobbled by US sanctions, passes 100 million Kirin chip milestone
Huawei Technologies has shipped more than 100 million devices powered by its Kirin processors since 2023, when it returned to the smartphone market with a new generation of premium handsets. The compa...
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Apple’s new HomePod mini 2 speakers feature Sound Glow and will eventually support Siri AI
It’s been six years since the first HomePod mini, so now we are getting a much-needed update to keep it fresh....
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Apple updates the Apple TV 4K with A19 chip, new Siri Remote, and higher price tag
Apple’s digital media streaming box gets a more powerful chip, support for Siri AI, and a new remote with some nifty features, and a higher price tag....
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Ecosystem Roundup: Frozen Middle: 57% of SEA firms can’t scale their AI pilots
Southeast Asian companies are spending more on AI and getting little out of it. Adobe’s 2026 State of AI Readiness Report, which surveyed 461 senior executives in the region, finds 73% raising AI budg...
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Apple adds No Man’s Sky, other indie games to App Store
This week, Apple kicks off Indie Games Week by adding seven familiar titles into the App Store including Sifu, Vampire Crawlers, and No Man’s Sky. It’s a great retrospect to see how far technology has...
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Why Samsung, SK Hynix and CXMT shares are under pressure despite strong AI demand
A sharp sell-off in Asian memory chip stocks this week signals growing investor doubts over whether the sector’s AI-driven profit boom can last, even as soaring prices drive strong quarterly earnings ...
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