KB News DeskNvidia invests $3.5b in MediaTek convertible bonds
Nvidia said on Monday it has invested $3.5 billion in convertible bonds issued by Taiwan’s MediaTek, which could add to growing investor concerns about circular financing in the AI sector.…
Prosecutors seek death penalty for Jang Yoon-gi in Gwangju murder case
Prosecutors on Monday sought the death penalty for Jang Yoon-gi, who is on trial for killing a 17-year-old student in Gwangju. According to the indictment, Jang, 23, tried to abduct…
Korea’s AI chief puts execution at heart of national AI push
Presidential Council on National Artificial Intelligence Strategy Standing Vice Chair Ha Jung-woo said Monday the government would shift its AI policy focus from setting strategies to delivering results that businesses…
FTC clears Hanwha’s 15.9% stake in KAI
South Korea’s antitrust regulator has approved Hanwha Group’s acquisition of a 15.89 percent stake in Korea Aerospace Industries, clearing a key regulatory hurdle in the conglomerate’s push to build a…
Shinchonji mobilized 56,000 adherents to join PPP, Unification Church funds went to at least 132 political figures, probe finds
Team concludes 237-day probe into link between politicians and controversial religious groups, indicts leaders of Shinchonji and Unification Church A joint police-prosecution team ended a 237-day investigation into alleged ties…
Seoul shares end higher despite hawkish Fed chief
Seoul shares ended higher Monday on a rebound in tech stocks, as investors remained cautious about a possible interest rate hike following Federal Reserve Chair Kevin Warsh’s speech at the…
Too young for a pension, too old for youth aid: Seoul eyes midlife savings plan
Seoul wants to help middle-aged residents bridge a potentially lean stretch between their last paycheck and their first state pension payment by paying into long-term savings accounts. Under a blueprint…
Musinsa posts record earnings on offline, global expansion
Musinsa said Monday it has posted record first-half earnings with 821.7 billion won ($598.4 million) in consolidated sales, up 22 percent from the same period last year, as the Korean…
CXMT announces LPDDR6 mass production ahead of Samsung, SK hynix
China’s CXMT has announced mass production of LPDDR6 memory for Xiaomi’s upcoming 18 Fold, moving ahead of Samsung Electronics and SK hynix in publicly confirming both production and a commercial…
SK On to supply W1.5tr ESS LFP battery to US NeoVolta Power
SK On said Monday it signed a major agreement with US-based NeoVolta Power to supply lithium iron phosphate, or LFP, battery cells for energy storage systems, expanding its footing in…
