Gov't to curb incumbents' influence over CEO selection process in sweeping corporate governance overhaul
The government is set to prevent incumbent CEOs at financial companies from having an undue influence on appointing their successors, while imposing tougher voting requirements for bank holding compan...
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Ramyeon exports set to rise 30% in 2027 on expanded production: sources
Korea's ramyeon exports are expected to increase 30 percent in 2027 from a year earlier, driven by expanded production capacity, industry sources said Thursday. Ramyeon shipments rose 26 percent to $1...
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Samsung, SK hynix monitor Nvidia leadership uncertainty: officials
Korean chipmakers Samsung Electronics and SK hynix are monitoring leadership uncertainty at Nvidia, one of their biggest clients, company insiders said Thursday. As the major suppliers of chips used i...
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Chip upcycle, easing oil-related pressures to boost consumption in 2027: KDI
The global semiconductor upcycle, coupled with easing pressure from higher oil prices, is expected to lead to stronger consumption next year, a state-run think tank projected Thursday. The outlook cam...
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FTC approves combination of Jin Air, Air Seoul, Air Busan
The proposed merger of Jin Air, Air Busan and Air Seoul has cleared its final regulatory hurdle, paving the way for the three low-cost carriers (LCCs) to officially operate as a single carrier under t...
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Grand Korea Leisure earns top ESG rating for 3rd straight year
Grand Korea Leisure, the state-run operator of Seven Luck foreigner-only casinos, has earned an A rating for the third consecutive year in an annual evaluation of corporate environmental, social and g...
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Samsung Electronics breaks ground on new HBM packaging facility in Asan
Samsung Electronics broke ground on a new semiconductor packaging facility at its Onyang campus in Asan, South Chungcheong Province, Thursday as part of a 144 trillion-won ($108.4 billion) investment ...
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CHA Bio Group head outlines vision for stem cells to fight diseases, extend life
Dr. Cha Kwang-yul, head of the CHA Global Research Institutes at CHA Medical Center and CHA Bio Group, outlined an ambitious vision to use stem cells to treat intractable diseases and potentially exte...
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Samsung turns everyday spending into community giving with new charity program
Samsung is turning everyday purchases near its workplaces into support for vulnerable children, bringing local businesses, employees and labor representatives together in a community-giving initiative...
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LG CNS brings global robotics experts together to advance physical AI
LG CNS brought together more than 100 researchers and industry professionals to explore how physical artificial intelligence (AI) can move beyond laboratories and into factories, warehouses and other ...
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KEPCO Q3 net plunges 78% on higher fuel costs
The state-run Korea Electric Power Corp. (KEPCO) said Thursday its third-quarter net profit plunged 78 percent from a year earlier due to higher fuel costs. Net profit for the three months ended in Se...
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Naver clinches $1.5 bil. AI computing deal with US firm
Naver has signed a 2 trillion-won ($1.5 billion) computing services supply contract with a U.S. artificial intelligence (AI) inference company, securing an initial customer for its AI infrastructure b...
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KakaoBank simplifies banking for foreign residents with mobile account service
KakaoBank’s account service for foreign residents attracted 20,000 accounts in its first month, drawing customers from 124 countries, the bank said Thursday. Introduced in October, the account is avai...
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Korea Zinc loses court battle over curbs on Young Poong's voting rights
A court ruled Thursday that a resolution passed at Korea Zinc's annual shareholder meeting last year that restricted the voting rights of Young Poong Corp. and private equity firm MBK Partners Ltd. mu...
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Jensen Huang's potential exit casts shadow over Korea's AI road map
Mounting uncertainties surrounding Nvidia are threatening to disrupt Korea's semiconductor industry and its broader artificial intelligence (AI) road maps, as U.S. semiconductor restrictions are likel...
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Can tougher reappointment rules curb power of Korea's bank holding company chiefs?
A corporate governance reform package unveiled by the government to boost transparency of CEO succession at financial companies and rein in long-serving chairmen is facing questions over whether it ca...
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City-backed startup summit bolsters Seoul's drive to be global innovation hub
Seoul’s annual startup summit, Try Everything 2026, generated more than 2,000 investment reviews and doubled face-to-face investor meetings, bolstering the city’s ambitions to rank among the world's t...
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KOGAS Q3 net more than triples on equity gains, lower costs
Korea Gas Corp. (KOGAS), Korea's state-run gas utility, said Thursday its third-quarter net profit more than tripled from a year earlier, driven by increased gains from equity investments and lower in...
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Samsung, SK hynix tighten security training amid industrial espionage concerns
Major tech-intensive firms here are stepping up internal security training and vigilance against industrial espionage, after Nvidia CEO Jensen Huang made headlines for his reported affair with Alice H...
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Nvidia CEO Jensen Huang to step down in big blow to AI boom
Nvidia CEO Jensen Huang is stepping down, leaving the artificial intelligence (AI) industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse. Chief ...
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Preorders open for Samsung, Google, Gentle Monster smart glasses
Samsung Electronics and Google unveiled the full lineup of smart glasses created in collaboration with eyewear brands Gentle Monster and Warby Parker, opening preorders for 30 models Thursday. Dubbed ...
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Memorial Service offers AI-assisted letters from lost loved ones
MANILA, Philippines – What if you could receive a letter from Heaven? St. Peter wanted to answer this question when it began offering a digital, interactive, AI-assisted experience. St. Peter launched...
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Live updates: Huang exits Nvidia; Democrats look to Alaska, with Colom elected in Mississippi
Nvidia CEO Jensen Huang resigned on Thursday from the company he co-founded after revelations of extramarital affairs, including one with a woman alleged to be a spy for China. Sen. Cindy Hyde-Smith (...
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Nvidia CEO Jensen Huang resigns amid affair scandals
Nvidia CEO Jensen Huang will step down from his role at the AI chip giant following explosive reports of two extramarital affairs, one of which involved an alleged Chinese spy. The company announced ...
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When government AI gives wrong answers, who is accountable?
MANILA, Philippines – Days after its September 21, 2026 launch, the Philippine government’s AI assistant, Kuya A, incorrectly named US President Donald Trump as the Philippine president. When challen...
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Loyalty vs accountability: a look at the Nvidia board deciding CEO Jensen Huang’s fate
Nvidia’s board of directors is facing perhaps its biggest test yet as it weighs whether to oust chief executive Jensen Huang, the man credited with transforming the chipmaker into one of the world’s m...
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Manila has a Series B boom and a Series A funeral. Mynt’s record IPO won’t fix that
Philippine venture capital in 2026 looks like a barbell: heavy plates at both ends and a thin steel bar in the middle. At one end sit grant-funded prototypes and university incubators. At the other ar...
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The Xpeng L03 is a stylish coupe SUV designed by Ferrari’s former head of design
Two variants will be available, with prices starting from S$202,999....
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Korean tech firms tighten security training amid industrial espionage concerns
Major tech-intensive firms here are stepping up internal security training and vigilance against industrial espionage, after Nvidia CEO Jensen Huang made headlines for his reported affair with Alice H...
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KOGAS Q3 net profit soars 213.8% to $204.6 mil.
Korea Gas Corp. (KOGAS), Korea's natural gas monopoly, on Thursday reported its third-quarter net profit of 272.4 billion won ($204.6 million), a surge of 213.8 percent from a year earlier. Operating ...
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