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Shinhan Financial Group is expanding its partnership with Vietnam’s Vingroup beyond motor vehicle finance into capital markets, it said Sunday. Shinhan Financial Chairman Jin Ok-dong met with Vingroup executives Thursday at Shinhan Bank Vietnam’s headquarters in Ho Chi Minh City to discuss new areas of cooperation. Vingroup, the Southeast Asian country’s largest private company by market capitalization, has interests ranging from real estate to electric vehicles. Shinhan’s relationship with the group has so far centered on vehicle finance, particularly for VinFast, its electric vehicle (EV) unit. Since 2024, Shinhan Bank Vietnam has provided a cumulative $100 million in loans to VinFast customers. Shinhan Vietnam Finance financed around 14,000 VinFast motorcycles in the first half of this year, with total financing reaching 15 billion won ($10.9 million). The two parties now plan to explore capital market opportunities, including equity and bond financing through Shinhan Securities Vietnam. Shinhan Bank Vietnam and Shinhan Vietnam Finance will also expand their vehicle finance bu

Former President Obama on Friday slammed President Trump over his handling of how to approach artificial intelligence amid "doomsday" warnings coming from some in the tech industry about the technology's potential existential threat to humanity. Obama said during an interview at Colgate University in New York that the federal government must regulate AI, before referring...

MANILA, Philippines – Falcons Vega fell to Gen.G, 2-3, in the lower bracket final of the VCT 2026: Game Changers Pacific Playoffs, September 19. Composed of three homegrown Filipina talents, Alexandria “Alexy” Francisco, Camille “Kamiyu” Enriquez, and Kelly “shirazi” Jaudian, Falcons Vega’s loss marks the first time since the league’s introduction in 2022 that no

MANILA, Philippines — Jace Beleren is finally back in the spotlight of Magic: The Gathering (MTG) with the upcoming Reality Fracture expansion. While Jace plays a major role in the set’s Standard environment, the blue planeswalker is also set to make waves in Commander. Normally a mono-blue planeswalker in Magic: The Gathering, Reality Fracture’s Commander

President Trump posted a poll on Truth Social, pitching potential new names for artificial intelligence — calling the emerging technology’s name “inaccurate.” In a Saturday Truth Social post, the president floated alternative names for AI — pitching "Superior Intelligence," "Extreme Intelligence" and "Supreme Intelligence." He then asked his followers to vote on "which is the...

Taiwan has emerged as a key strategic hub for Coupang’s global growth, as the company brings fast delivery to more regions and develops AI-powered logistics technologies. Taiwan is a relatively new market for the New York Stock Exchange-listed company, which began expanding into the country in October 2022. The move came after the e-commerce giant established a strong presence in Korea, where it has operated since 2010. In just a few years, Coupang connected more than 300,000 sellers on its platform in Korea, the United States, China, Japan and Hong Kong with consumers in the Taiwanese market. Coupang recently completed its fourth fulfillment center in Taiwan, which opened in April. Located in the Bausan Guanyin Logistics Park in Taoyuan City in northwestern Taiwan, the facility was designed to accelerate exports, particularly from U.S. businesses, to the Taiwanese market. “By removing traditional barriers such as complex logistics, long shipping times and high costs, we made it easier for U.S. companies to expand internationally," the company said in a statement released after the

Through the 1980s, Japan pushed the United States — the birthplace and longtime leader of the semiconductor industry — out of the world memory chip market, and the damage ran deep enough that Intel gave up DRAM, the short-term memory that holds a computer's working data. American chipmakers came to believe Japan could not be beaten in memory chips, and Washington and the industry began looking for ways to counter it. Two questions followed: how to contain Japan, and where to find a viable challenger to it. The country that emerged as a memory chip powerhouse in the 1990s was Korea, and Intel had a hand in how Korea overtook Japan to dominate the world market. Chip business nearly dropped "Hey, drop it." Samsung Group founder Lee Byung-chul shook his head in disbelief while he sat through a report on the semiconductor company his son had bought. The son was Lee Kun-hee, former Samsung chairman. Lee, then a director at Samsung's broadcasting branch TBC, had acquired Hankook Semiconductor in 1974 after the chipmaker went bankrupt due to financial strain. Hankook Semiconductor, an early Ko

Korean Air is facing a growing mileage-related liability as it moves to integrate its mileage program with that of Asiana Airlines, with higher redemption requirements adding pressure on the combined carrier’s ticket sales and profitability. Last week, the Fair Trade Commission (FTC) approved the airlines’ mileage integration plan, requiring Korean Air to provide more opportunities for customers to use their accumulated miles. Under the plan, Asiana miles will remain separately available for 10 years after the merger. As of the end of June, Korean Air’s consolidated mileage-related deferred revenue stood at 4.07 trillion won ($2.94 billion), including 3.12 trillion won for Korean Air and 946.3 billion won for Asiana, according to the companies’ interim reports. The amount represents the value allocated to unused miles that have yet to be redeemed and is recorded as a liability until the related services are provided. The figure does not represent conventional debt that Korean Air must repay in cash. Rather, it reflects future service obligations. When customers redeem their mile

Korea’s defense industry stands at a critical crossroads, as its export boom gives way to a new phase in which major overseas buyers are demanding local production and supply chains in their own markets. From K9 self-propelled howitzers and K2 battle tanks to Chunmoo multiple rocket launchers and air defense systems, Korean-made weapons have rapidly expanded their presence across Europe and other regions. The export boom has transformed the defense industry from a largely domestic-oriented sector into one of Korea’s emerging global growth engines. But the next stage may prove more challenging. Korean defense firms can no longer rely solely on their traditional strengths of competitive prices, fast delivery and proven manufacturing capabilities. As major customers increasingly demand technology transfers, local production and participation in their own defense industries, Korean companies are pushed to become not just arms exporters, but long-term industrial partners. That shift could determine whether the current K-defense boom develops into a sustainable global business or remains a t

Korea has emerged as a major player in the global defense market, with its domestically developed weapons systems gaining traction for their competitive prices, advanced technology and fast delivery. From artillery and tanks to fighter jets and missile defense systems, Korean defense companies are expanding their global footprint and reshaping the country’s position in the international arms industry. K9 Thunder The K9 Thunder is Korea’s flagship self-propelled howitzer and one of the country’s most successful defense export items. Designed to provide mobile, long-range artillery fire support for ground forces, the 155-millimeter system can rapidly move, fire and relocate, making it well-suited to modern, highly mobile battlefields. The K9 is now used or being introduced by a growing list of countries, including Poland, Australia, Egypt, India, Norway, Finland, Estonia and Turkey. Poland has emerged as its largest export customer under a major deal to reinforce its artillery capabilities in the wake of Russia’s invasion of Ukraine. Redback IFV The Redback is Hanwha Aerospace’s nex

Renault Korea’s flagship crossover, the Filante, looks imposing at first glance, but feels surprisingly agile behind the wheel. Its planted ride, refined cabin and better-than-expected fuel economy give the large crossover a distinctive mix of comfort and driving appeal. The Filante was driven for about 400 kilometers on a round trip between Seoul and Daejeon, covering a mix of urban roads and highways. Across the route, the crossover delivered a stable ride and impressive fuel efficiency, making a strong overall impression. The Filante shares some of its design cues with Renault Korea’s popular Grand Koleos SUV, but carries a more upscale and sportier character. Measuring 4,915 millimeters in length and 1,635 millimeters in height, it has a substantial presence. Yet its low, flowing roofline and floating rear spoiler give the large body a sleeker profile, blending elements of a sedan and an SUV. The difference becomes more apparent once the car gets moving. The Filante’s driving character can be summed up in one word: planted. Its E-Tech hybrid powertrain combines a 1.5-liter turbo

AI companies Anthropic, OpenAI, SpaceXAI and Google are being sued over alleged collusion as pressure mounts to slow the rapid development of AI. The complaint, filed Friday in the U.S. District Court for the Northern District of California, pointed to a recent proposal from Anthropic CEO Dario Amodei, who called for “industry-wide coordination” to “pace...