Yaan Xinkuang Develops an Initiative for Using Restored Rare Earth Magnets

More than 80 percent of ransomware victims in a new survey reported their attackers had weaponized artificial intelligence as part of the scheme, according to data made public Wednesday. For its 2026 Ransomware Risk Report, cybersecurity company Semperis and research consultant Censuswide surveyed 1,200 IT and security professionals across nine countries and eight industry sectors....

Editor's Note: This story has been updated to reflect Mykhailo Federov's current title. Ukraine's former defense minister said on Wednesday afternoon that SpaceX was working to restore satellite speeds in the country after Ukrainian President Volodymyr Zelensky warned of dire consequences following reported slowdowns in Starlink services. Mykhailo Fedorov announced SpaceX was reinstating speeds of...

Japan is helping fund a $21 billion deal to build two new chip plants in upstate New York, President Trump announced Wednesday. The country will provide $10 billion to speed up construction of a semiconductor fabrication plant from GlobalFoundries that the company aims to bring online by 2029, while another $10 billion will go toward...

Netflix's product, tech, legal and human resources teams would be the most impacted, according to a memo from co-CEOs Greg Peters and Ted Sarandos.

Hyundai Motor Group Executive Chair Chung Euisun marks six years at the helm on Wednesday, spearheading the automaker’s transformation into a global top-three auto player by sales and steering it into a key future mobility player focusing on robotics, autonomous driving and artificial intelligence (AI). The next phase of his leadership, however, will hinge on whether the group can turn its physical AI ambitions into profitable businesses. Chung is also tasked with addressing mounting pressure on its core automotive operations and labor relations. Since taking the top post in 2020, Chung has overseen Hyundai Motor and Kia’s rise to the world’s third-largest automotive group by vehicle sales, behind Toyota and Volkswagen. The group maintained that ranking for four consecutive years through 2025. Hyundai Motor and Kia’s combined annual sales also surpassed the symbolic mark of 300 trillion won ($223 billion) for the first time last year. The expansion reflects a strategy that combined electrification with a stronger focus on high-margin vehicles, including SUVs and Genesis luxury m

WASHINGTON — Hanwha Defense USA (HDUSA) and the U.S. Army have officially designated the American version of Hanwha's K9 self-propelled howitzer as the XM1776 Mobile Tactical Cannon (MTC), the company has announced. According to HDUSA, a U.S. subsidiary of South Korean defense giant Hanwha Aerospace Co., the company held a naming ceremony for the XM1776 at the Association of the U.S. Army's (AUSA) 2026 Annual Meeting and Exposition on Tuesday in Washington. In August, HDUSA was selected to provide prototypes based on a wheeled variant of the best-selling K9 Thunder self-propelled artillery system for the MTC program, which aims to develop a highly mobile 155-millimeter artillery system to replace the Army's aging M777 towed howitzers. HDUSA also announced that the U.S. Army has ordered a total of nine prototype XM1776 systems, with an option for nine additional units. The XM1776 is a wheeled artillery system designed to support the U.S. Army's modernization efforts, including improvements in mobility and long-range precision fires capabilities. "The XM1776 Mobile Tactical Cannon represe

A POSCO Future M employee introduces an artificial intelligence (AI)-powered integrated materials management system during the company's AI Festival event in Pohang, North Gyeongsang Province, Tuesday. The company said Wednesday that the event was held to share employees' achievements in using AI, with the company planning to select outstanding projects and apply them to actual operations by the first half of next year. The battery materials firm is introducing AI agents and AI-based factories across its operations, targeting a 30 percent improvement in manufacturing productivity and a 50 percent reduction in product development time by the first half of 2028.

SK hynix projected Wednesday that the performance scale of artificial intelligence (AI) infrastructure will grow roughly 20-fold by 2030, driven by rapidly rising demand for AI inference. Ahn Hyun, head of development at the Korean chip giant, made the projection during his keynote speech at the 2026 Semiconductor Exhibition (SEDEX), which opened earlier in the day for a three-day run in southern Seoul. Ahn said the AI inference market is expanding simultaneously in three areas — task complexity, the amount of information processed at a time, and the volume of inference requests. The interaction of the three factors is rapidly increasing demand for AI infrastructure, he said. As demand for AI inference surges, memory is becoming increasingly important for storing and transferring large volumes of data. In particular, the growing capacity requirements of key-value (KV) caches, which store and reuse information previously processed by AI models, are requiring data to be distributed across different types of memory, including high-bandwidth memory (HBM), dynamic random-access memory (DRAM)

Hanwha Group said Wednesday it has appointed an independent director as chair of the board at Hanwha Corp., the group's holding company, adding that other listed Hanwha affiliates will also appoint independent directors as board chairs. During a board meeting, the holding company appointed Kwon Ik-hwan as the new chairman of the board, replacing Kim Woo-seok, who is the company’s construction division CEO. Kwon is a former prosecutor who served as head of the Ministry of Justice's Planning and Coordination Office and chief prosecutor of the Daejeon and Seoul Southern District Prosecutors' Offices. Since joining Hanwha Corp.'s board in 2022, Kwon has chaired the internal transactions committee and been a member of the audit committee and environmental, social and corporate governance committee. Hanwha Corp. said Kwon is expected to lead the board's decision-making transparently based on expertise in law and capital markets. The group said defense electronics unit Hanwha Systems and shipbuilder Hanwha Ocean will also appoint independent directors as chairs of their respective boards. Bot

Sung Jung-yong, a veteran bartender educator known in Korea’s drinks industry as a mentor to generations of bartenders, has been inducted into Keepers of the Quaich, one of Scotch whisky’s most prestigious international honorary organizations. Diageo Korea said Wednesday that Sung received the distinction in recognition of his contributions to the Scotch whisky industry and efforts to broaden understanding of whisky culture. Founded in 1988, Keepers of the Quaich is an international nonprofit organization dedicated to promoting Scotch whisky’s heritage and standing, with members active in more than 100 countries. Membership is reserved for individuals who have demonstrated sustained expertise and made significant contributions to the industry, with candidates nominated and selected through a rigorous review process. Sung began his career as a bartender at The Shilla Seoul and started training other bartenders in 2008, building a reputation as an influential educator in Korea’s hospitality industry. Since 2014, he has served as Diageo Korea’s brand ambassador and head of the Diag

LG CNS, the information technology services affiliate of LG Group, signed a memorandum of understanding with Japanese telecom company KDDI to work together on artificial intelligence (AI) and digital transformation projects across the Asia-Pacific region, the Korean company said Wednesday. KDDI is one of Japan’s three major telecom operators. It provides consumer mobile and internet services as well as business IT services such as AI, cloud and network infrastructure. It runs business operations at 19 sites in 15 countries in the Asia-Pacific region. The partnership combines LG CNS’ AI and digital transformation expertise with KDDI’s telecom infrastructure and global network to find new business opportunities in AI, smart cities, telecommunications and integrated IT system management. The two companies will explore developing agentic AI services — AI systems that can carry out tasks on their own — tailored to local businesses in KDDI’s regional markets. The services will be based on AgenticWorks, LG CNS’ agentic AI platform. They will also consider working together on autom

Netflix generated more than 1 trillion won ($730 million) in revenue in Korea last year, but sent 81 percent of that sum to its U.S. parent company, leaving its Korean operation with an operating profit of just 20.3 billion won, according to an analysis of its financial statements. Rep. Han Jun-ho of the Democratic Party of Korea, a member of the National Assembly’s Science, ICT, Broadcasting and Communications Committee, analyzed the audit report of Netflix Services Korea and found that the company’s domestic revenue rose to 1.0542 trillion won in 2025, up from 631.7 billion won in 2021. The figures highlight a widening contrast between Netflix’s growth and the financial struggles of domestic streaming platforms, with Tving reporting an operating loss of 69.8 billion won last year and Wavve losing 12.2 billion won. Netflix also dominated paid streaming subscriptions, with a usage rate of 46.7 percent, compared with 13 percent for Tving, according to the Korea Media and Communications Commission’s 2025 survey on broadcast media use. Of Netflix Korea’s 1.05 trillion won in reven