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Korea will begin production of its first satellite for the Korean Positioning System (KPS) ahead of a planned launch in September 2029, the space agency said Monday. The Korea AeroSpace Administration (KASA) said it will hold a critical design review with related ministries and research institutions for the KPS No. 1 satellite, marking the final review before production of the flight model begins. The KPS is Korea's planned satellite navigation system designed to provide high-precision positioning, navigation and timing services over the Korean Peninsula and surrounding areas. The government plans to invest 3.72 trillion won ($2.73 billion) in the project over 14 years from 2022. Despite the delay, KASA plans to maintain its goal of deploying all eight KPS satellites by 2035.

The Bank of Korea (BOK) is facing scrutiny over its cybersecurity after the personal information of 186 employees was leaked in a hacking incident earlier this year, according to central bank's data submitted to Rep. Lee Jong-wook of the main opposition People Power Party (PPP), Monday. The breach occurred between May and June after hackers gained access to a GitHub system used by a contractor for the BOK's online training program. The leaked information included employees' names, email addresses, phone numbers, positions, duties and passwords. "We were notified by the contractor of the breach on June 11 and informed the affected employees the following day. We also reported the incident to the Personal Information Protection Commission," a BOK official said. The PPP lawmaker said the central bank should not take the leak of employees' personal information or repeated disruptions to its websites lightly. "As the central bank, the BOK should thoroughly assess the causes of the repeated incidents, review its overall security system and establish measures to prevent them from happening again

Hanwha Ocean said Monday it has won a 680 billion-won ($499.6 million) order to build two liquefied natural gas (LNG) carriers. The Korean shipbuilder said in a regulatory filing that it will deliver the vessels to an unidentified African shipowner by November 2029. With the latest contract, Hanwha Ocean has secured orders worth a combined $7.71 billion for 41 vessels so far this year, including 18 very large crude carriers, eight LNG carriers and six container ships.

KT is joining the ninth meeting of the NATO Wireless Communications Standardization Project (NWCSP), becoming the first Korean telecom company to take part as a 5G and 6G standardization expert. The meeting, hosted by Korea’s Ministry of National Defense and the Telecommunications Technology Association, kicked off its four-day run on Monday, drawing about 100 officials from defense and government agencies, as well as telecom and standards experts from Korea and abroad. Participants will discuss the use of 5G and 6G technologies in defense applications and the development of standards for next-generation military communications. NWCSP is a civil-military cooperation project involving government officials and private sector experts from NATO member and partner countries to discuss the military use and standardization of next-generation mobile communications technologies. The project holds three in-person meetings a year, with its previous edition held in San Diego in May. Throughout the meeting, KT will share its experience deploying commercial 5G technology for defense applications and

AIA Life Korea has tapped Leo Ng as its next chief executive, the insurer said Monday. Ng joins from AIA China, where he has served as chief financial officer since 2016. He brings over 30 years of experience in the life insurance industry, including 12 years with AIA. The Hong Kong-headquartered life insurer operates across 18 markets in the Asia-Pacific region, including Seoul. Ng holds a Bachelor of Mathematics degree from the University of Waterloo in Canada, specializing in actuarial science and statistics, and is a fellow of the Society of Actuaries. “My immediate priority will be to listen and learn by spending time with our people, customers and partners to develop a deeper understanding of the Korean market and the significant opportunities ahead,” he said. Fisher Zhang, regional chief executive and chairman of the board of AIA Life Korea, regarded Ng as a “highly experienced AIA leader with a strong track record across strategy, transformation and financial leadership.” “Korea is an important market for AIA, and I am confident that Leo will work closely with the AIA Ko

Labor disputes at major steel and shipbuilding companies are set to resume after a brief recess over the Chuseok holiday, as unions push for higher wages and greater performance-based rewards amid strong earnings and order backlogs. POSCO, HD Hyundai Heavy Industries and Hanwha Ocean entered the holiday with wage talks stalled or unresolved, after their unions staged or threatened labor action over their demands. The disputes raise the risk of further disruptions, particularly at shipyards working through multi-year order backlogs. At POSCO, the union is set to resume wage negotiations after electing new leadership on Oct. 2. Experiencing its first strike since its establishment, POSCO saw the union stage a 48-hour partial strike earlier this month, followed by a second 120-hour partial strike that ended on Sept. 21. The two sides are at odds over the size and structure of the pay package, with the union seeking a 7.1 percent increase in base pay, bonuses equivalent to 600 percent of base pay, 50 shares under an employee stock ownership plan and a 200 percent holiday bonus. The company,

Nine months ago, Thailand unveiled its first national semiconductor roadmap, a 25-year plan to graduate from backend electronics work to high-value chipmaking. This month, Bangkok approved its first national semiconductor and advanced electronics strategy, again. The headline number has grown, though: roughly US$80 billion in cumulative investment and more than 230,000 new jobs by 2050. […] The post Thailand targets US$80B semiconductor push as it moves beyond assembly appeared first on e27.

Singapore is putting a clearer name and sharper frame around one of its most important industrial bets. On Friday, the city-state announced SG Semiconductor, a national identity for its semiconductor sector, jointly developed by A*STAR and the Singapore Economic Development Board (EDB). The move is not a new agency or a standalone company. Rather, it […] The post A*STAR and EDB unveil SG Semiconductor as partnerships target AI-era chis appeared first on e27.

For years, Southeast Asia’s insurtech promise has rested on a simple idea: insurance should be bought where people already spend, borrow, shop, travel or top up their phones. The harder part has been turning that distribution advantage into a business that can scale without burning ever larger amounts of capital. Singapore-headquartered Igloo is now trying […] The post Igloo narrows FY2025 loss as embedded insurance bet edges closer to breakeven appeared first on e27.

Bitcoin trades around US$84,200 to US$84,550 on Monday, September 28, 2026. It is not exploding higher today. Most sources show a modest move, slightly up or down 0.2 per cent to 0.5 per cent, as it consolidates after last week’s sharp rally. The bigger picture is that Bitcoin has rebounded strongly from mid-September lows near […] The post Bitcoin dominance at 58.5% and the 55% line that still blocks altseason appeared first on e27.

The information advantage has a shelf life measured in hours, not years. Yet most people still get their signals third-hand—after hedge funds, after Bloomberg terminals, after institutional analysts have already moved. This gap is not a market inefficiency anymore. It is a design choice. In 2026, the democratisation of market data is reshaping who wins. […] The post The credential trap: Why outsiders are winning in signal intelligence appeared first on e27.

Founders raising a venture round tend to watch other startups. Who has just closed? Who is talking to the same funds? Who is setting the price for the next deal? The fund across the table has another comparison to make. At portfolio level, it also has to weigh opening new positions against preserving capital for […] The post Your startup may be competing with a VC’s existing portfolio appeared first on e27.