IWF Korea mentors North Jeolla startups on global expansion

Sen. Chris Coons (D-Del.) on Monday called for a probe into reporting that Nvidia CEO Jensen Huang had an affair with an alleged Chinese spy. "I’m pushing to investigate Jensen Huang and Nvidia to determine whether our national security was compromised," Coons, who is on the Senate Foreign Relations Committee, wrote on social platform X....

MANILA, Philippines — Boom Esports secured the Honor of Kings Philippine Kings League (PKL) Fall 2026 Championship after overpowering JGame Esports, 4-1, in the Grand Finals on November 8 at Samsung Hall, SM Aura, Taguig. The defending champions successfully retained their crown, extending their dominance in the league following an undefeated 9-0 regular-season campaign. Dominance

Jensen Huang, longtime CEO of the AI chip giant Nvidia, is facing an investigation from the company's board after disclosing he had a romantic relationship with a woman that U.S. officials have accused of spying for China. Nvidia's board of directors announced Sunday it is opening a probe into reports that Huang had been "the...

Shares of Nvidia fell Monday morning, after the company opened an investigation into CEO Jensen Huang’s reported affair with a woman U.S. intelligence officials believe is a Chinese spy. The company’s stock opened down 7.3 percent from Friday’s closing bell, and it ticked down to $170.24 per share during early-morning trading. That marked the lowest...

Nvidia is facing an unprecedented valuation test as a board inquiry into CEO Jensen Huang exposes the US chipmaker to a rare key-person risk, while investors also weigh the midterm elections’ potential impact on Washington’s chip controls and AI regulation. The company’s shares slumped 7.3 per cent as markets opened in the United States on Monday, following Huang’s bombshell confirmation over the weekend that he had been unfaithful to his wife and would cooperate with an investigation into his...

Hoban Group’s rise as Hanjin KAL’s largest shareholder is giving Delta Air Lines greater leverage in the power struggle over Korean Air’s holding company as Chairman Cho Won-tae seeks to retain control. Hoban and its affiliates held a 20.69 percent stake in Hanjin KAL as of Wednesday, narrowly surpassing Cho and related parties at 20.58 percent. Cho has agreed to purchase another 325,000 shares for 37.05 billion won ($27 million), which could lift his side’s stake to 21.06 percent and restore its position as the largest shareholder. The increasingly close shareholding structure, however, has heightened the importance of major shareholders outside the two rival camps. Delta owns 14.9 percent of Hanjin KAL, while the state-run Korea Development Bank (KDB) holds 10.58 percent. Together with Cho’s stake, the three parties account for about 46 percent of Hanjin KAL. Excluding KDB from consideration for any future Korean Air deal due to its unique status as a public financial institution, Delta is emerging as an unexpected beneficiary of the renewed power struggle between Cho and Ho

Battery materials makers are accelerating their expansion into lithium iron phosphate (LFP) materials, as growing demand for energy storage systems (ESS) and non-Chinese supply chains in North America fuels competition to secure production capacity. LFP cathode supply commitments between domestic battery cell makers and materials suppliers are estimated to exceed 210,000 metric tons, according to industry estimates, prompting manufacturers — POSCO Future M, L&F and EcoPro BM — to step up investments. POSCO Future M is expanding its LFP capacity by converting part of its existing high-nickel cathode production lines at its Pohang plant. The company plans to increase annual capacity from about 20,000 tons to as much as 105,000 tons by the end of next year. It also plans to utilize up to 50,000 tons of capacity from CNP New Material Technology, a joint venture with CNGR and Fino. Following a 1.07 trillion won ($784.5 million) LFP cathode material supply deal with SK On in September, POSCO Future M signed another long-term supply contract worth about 6 trillion won with Samsung SDI last

Korean space startup Innospace said Monday it plans to launch its upgraded multipurpose suborbital rocket, Sebit, in Brazil on Nov. 29, following an unsuccessful maiden test flight in August. The company has secured a 26-day launch window from Nov. 16 to Dec. 11 at the Alcantara Launch Center in Brazil, in coordination with state-owned aerospace company ALADA, the Brazilian Air Force and the Brazilian Space Agency. The final launch date and time will be determined based on weather conditions, launch readiness and other operational factors. Sebit is a multipurpose suborbital rocket designed to provide commercial testing and validation services. The single-stage rocket is powered by a 4-ton-class hybrid engine and measures 8.7 meters in length and 0.7 meters in diameter. The upcoming flight will mark Sebit's second test launch following a series of technical upgrades aimed at improving its propulsion and flight stability. The improvements include increasing engine thrust from the 3-ton class to the 4-ton class and redesigning the flight control algorithm. The upgrades follow an unsuccessful

Samsung Bioepis said Monday that its proposed biosimilar SB27 demonstrated comparable efficacy and safety to Keytruda, a blockbuster cancer immunotherapy drug that was the world's best-selling pharmaceutical product last year, in a global Phase 3 clinical trial. According to the company, it announced the Phase 3 clinical study results at the Society for Immunotherapy of Cancer Annual Meeting 2026 held in Phoenix, Arizona, from Nov. 4 to 8. Keytruda, developed by U.S. pharmaceutical company MSD, is a cancer immunotherapy drug that binds to programmed cell death protein 1 (PD-1), an immune checkpoint receptor, helping the immune system attack cancer cells. It was the world's best-selling drug last year, generating approximately 46 trillion won ($31.7 billion) in global sales. The Phase 3 study, which began in 2024, involved 555 patients with metastatic nonsquamous non-small cell lung cancer across 14 countries, comparing SB27 with the original drug in combination with standard chemotherapy. In the study, SB27 met its primary endpoint by demonstrating an equivalent objective response rate t

Samyang Roundsquare, the parent company behind the Buldak spicy instant noodle maker Samyang Foods, said Monday its YouTube channel samyangman has surpassed 2 million cumulative views about three months after its launch in August. The channel airs “Fire or Fired,” an original series from BURNT, the company’s spicy food content brand. The show follows Tony, a Samyang employee who struggles with spicy food, as he tries fiery local dishes in New York, Texas, Los Angeles and other parts of the United States. Tony is what Koreans jokingly call a “maepjjiri,” slang for someone with a low tolerance for spicy food. Instead of hiring celebrities or influencers, the company cast its own employee, who interacts with locals on camera. The seven episodes released so far have drawn more than 2.18 million views as of Sunday. The most-watched episode, featuring a visit to Samyang America, the company’s U.S. subsidiary, logged 770,000 views, followed by episodes filmed in Nashville, Tennessee, and New Mexico. Viewers in the United States accounted for about 45 percent of total views, while th

CJ Olive Young, Korea’s largest health and beauty store chain, will open five more stores in California by the first half of 2027, bringing its U.S. total to seven, the company said Monday. The retailer opened its first U.S. store in Pasadena in May and a second at Westfield Century City in Los Angeles in June. Four of the new stores will be in the greater Los Angeles area: Spectrum Center, a lifestyle shopping center in Irvine; Del Amo Fashion Center in the South Bay area; Bloom on 3rd, a shopping complex near the Farmers Market in central Los Angeles; and Brea Mall in Orange County. The fifth will open at Fashion Valley in San Diego, its first outside the Los Angeles area. Opening dates for each store have not been set. Three of the sites — Del Amo Fashion Center, Brea Mall and Fashion Valley — are operated by Simon Property Group, a major U.S. mall owner. The company said the expansion will help small and independent Korean cosmetics brands, collectively known as K-beauty, reach American consumers without their own distribution networks. Olive Young said its stores also introduce

Hanwha Aerospace said Monday its U.S. subsidiary plans to conduct two test-firings of missiles from its Chunmoo multiple rocket launcher system in the United States as part of its effort to adapt the land-based system for naval use. The missiles will be launched from a vessel off the southern U.S. coast later this month to assess the system's suitability for shipboard deployment. The tests follow an April agreement between Hanwha Defense USA (HDUSA) and Florida-based Magnet Defense to develop a containerized Chunmoo launcher for the H38 medium unmanned surface vessel (MUSV). HDUSA has been expanding its presence in the U.S. maritime defense market. It is in talks to acquire Austal USA, the U.S. subsidiary of Australian shipbuilder Austal, with negotiations under way over key terms of the deal. Last month, HDUSA secured a $269 million contract from shipbuilding management company TOTE Services to build a medium landing ship for the U.S. Navy and Marine Corps. The deal came two years after Hanwha acquired Philly Shipyard in 2024, marking another step in its U.S. shipbuilding expansion.