The tech giant allegedly cleared hundreds of hectares of forest before environmental checks were done.
Oct 30, 2026
Hyundai Motor Group said Friday it will set up two special purpose companies next month to build and operate an artificial intelligence (AI) data center in Saemangeum — a massive reclaimed coastal zone in southwestern Korea — accelerating its 9 trillion won ($6.3 billion) plan to turn the area into an advanced tech hub. Situated in North Jeolla Province roughly 200 kilometers south of Seoul, Saemangeum is a vast, government-backed development area created by damming tidal flats to claim new land from the sea. Long slated for economic transformation, the coastal territory is being developed as a strategic enclave for high-tech industry, green energy and tourism. Five affiliates — Hyundai Motor, Kia, Hyundai Mobis, Hyundai Engineering & Construction and Hyundai AutoEver — have made final decisions to invest in the data center, the group said. Hyundai AutoEver, the group’s information technology and software affiliate, approved its participation through a board resolution. One of the new companies will build the hyperscale data center and its infrastructure. The other will buy hi
Samsung Electronics and Korea Gas Safety Corp. have agreed to tighten safety controls at semiconductor facilities in Korea and overseas, seeking to prevent gas-related accidents and protect production continuity as the country's chip industry expands. The two organizations signed a memorandum of understanding Thursday at Samsung's Pyeongtaek campus, focusing on strengthening gas safety infrastructure at facilities designated as nationally critical semiconductor sites. The agreement calls for closer technical cooperation to stabilize newly built facilities, including inspections of pipeline integrity and verification that gas installations meet safety requirements. Under the partnership, the organizations will conduct regular inspections of facilities and pipelines at new sites, provide training to develop specialized safety personnel and share technical information on gas safety. They also plan to jointly identify regulatory obstacles affecting semiconductor operations and explore ways to improve relevant rules. Another key element involves conducting joint special inspections of gas faci
Growing volatility in the Korean stock market is prompting investors' attention to U.S. dividend-paying stocks, with some seeking regular income rather than relying solely on stock price gains, market watchers said Friday. One option is the Dow Jones U.S. Dividend 100 Index, which tracks 100 U.S. companies selected for their dividend records and financial strength. To qualify, companies must have paid dividends for at least 10 consecutive years. They are also assessed on their five-year dividend growth, return on equity and debt relative to cash flow. The index includes companies from a range of industries, including energy, consumer staples and health care. In Korea, Mirae Asset Global Investments' TIGER U.S. Dividend Dow Jones exchange-traded fund (ETF) had 4.56 trillion won ($3.41 billion) in net assets as of Thursday, making it the largest locally listed ETF tracking the index, according to the asset manager. Some asset managers are taking the strategy a step further by combining dividend-paying stocks with covered-call options, a strategy in which an investor sells call options on s
SK Group conducted its annual executive reshuffle Friday, retaining the CEOs of major affiliates, including record-setting SK hynix, while reshuffling management at its energy-related units. Having replaced numerous affiliate CEOs last year, the group focused this time on maintaining leadership stability while promoting executives with specialized expertise to enhance business competitiveness. SK hynix CEO Kwak Noh-jung, who has led the company since March 2022, will retain his post. SK Group's holding company, SK Inc., also retained CEO Jang Yong-ho. However, Jang will step down as CEO of SK Innovation, a position he had held concurrently, to focus on leading the holding company. SK Inc. promoted Kim Sun-hyuk, head of strategy at SKC, to president overseeing portfolio management as part of efforts to accelerate the group's portfolio restructuring. In the energy and chemicals sector, the group appointed executives with expertise in managing external risks and developing new businesses to key leadership positions. SK Innovation named Cheong Seung-il, president in charge of future growth at
Nvidia is scheduled to fulfill its $1 billion investment in Naver next Friday, according to the portal giant's regulatory filing Friday, a move set to make the U.S. chip giant the third-largest shareholder of the Korean IT firm. The completion of the capital increase comes as Naver was able to secure at least $9 billion in computing infrastructure, the filing said. Naver will fix the number of common shares to be acquired by Nvidia via a rights offering on Tuesday. Currently, Korea's national pension fund is the largest shareholder with 9.49 percent, followed by BlackRock, a global asset manager, with 7.31 percent. The upcoming investment is part of a strategic partnership between Naver and Nvidia announced in July, to establish a massive, global artificial intelligence (AI) factory.
We’re living in the future, baby.
The new feature challenges Google Maps and Yelp with crowdsourced recommendations and restaurant bookings, starting in three US markets.
Dubbed the Prism Collection, the new DualSense controllers and PS5 covers come in three striking colourways.
It’s the company’s first hot-swappable hall effect board, too.
Oct 29, 2026
It’s been six years since the first HomePod mini, so now we are getting a much-needed update to keep it fresh.
Garmin’s latest endurance smartwatch offers up to 90 days of battery life in smartwatch mode with solar charging, alongside faster map rendering and enhanced navigation features.
A Chinese businesswoman who had a close relationship with Nvidia chief Jensen Huang was suspected of passing intelligence to Beijing. Donald Trump’s reaction to the news has raised eyebrows.