Two tech outsiders tried to sell a $44b tech company. It didn’t work

The Sydney Morning Herald - Oct 9, 2026

Oliver Curtis’ comeback was meant to end with the biggest float since Telstra. It ended with bankers going to ground and a plan B in New York.

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Hanmi Pharm's obesity treatment Eppe wins domestic approval

Oct 8, 2026

Hanmi Pharm's obesity treatment Eppe wins domestic approval

The Ministry of Food and Drug Safety on Thursday approved Hanmi Pharmaceutical's Eppe, Korea's first domestically developed glucagon-like peptide-1 (GLP-1)-based obesity treatment. Eppe is the 45th novel drug developed in Korea and the country's first domestically developed GLP-1-based obesity drug. It has been approved in five doses: 2, 4, 6, 8 and 10 milligrams. According to the ministry, the injectable drug is intended for chronic weight management in adults with obesity or for those who are overweight and do not have diabetes, as an adjunct to a reduced-calorie diet and exercise. The drug was initially licensed out to global pharmaceutical company Sanofi in 2015 as a diabetes treatment, but the rights were returned in 2020. Hanmi Pharm then decided to develop the drug as its own obesity treatment. Eppe was initially expected to become Korea's 44th domestically developed new drug, but became the 45th after an eye treatment jointly developed by Aju Pharm and GL Pharm Tech received approval on Sept. 8. Eppe is set to compete with leading GLP-1-based obesity treatments such as Wegovy and

Controversy resurfaces over SK hynix's potential Solidigm IPO

Oct 8, 2026

Controversy resurfaces over SK hynix's potential Solidigm IPO

Controversy has resurfaced over SK hynix’s reported efforts to list its NAND flash memory subsidiary Solidigm in the U.S., after reports said the company had selected lead managers for an initial public offering (IPO), despite repeatedly maintaining that “nothing has been confirmed.” In an effort to protect retail investors, Korean financial regulators have introduced rules that prohibit parent-subsidiary listings in the domestic market in principle while allowing exceptions under certain conditions. However, because Solidigm is seeking an overseas listing, the case has raised questions over whether SK hynix could face regulatory penalties if it fails to comply with shareholder protection requirements. Bloomberg reported Thursday that Solidigm has selected Goldman Sachs and Morgan Stanley as lead underwriters for its planned IPO in the U.S. next year. The offering, if pursued, is expected to raise approximately $10 billion and value the NAND flash memory maker at up to $100 billion. Solidigm's parent company, memory chip giant SK hynix, has maintained that no decision has been mad

Lamborghini unveils ultra-fast Urus SUV, Revuelto SV sports car

Oct 8, 2026

Lamborghini unveils ultra-fast Urus SUV, Revuelto SV sports car

Automobili Lamborghini Korea unveiled two of its latest high-performance models, Thursday, highlighting the country as the first Asia-Pacific market to see the Urus SE Performante and Revuelto SV. The event marked a major milestone for Lamborghini in Korea, with the brand also celebrating the delivery of its 3,000th vehicle in the country since Volkswagen Group Korea began operating the brand’s local import business. The Urus SE Performante, a high-performance plug-in hybrid SUV, and the Revuelto SV, a limited-edition plug-in hybrid super sports car, represent Lamborghini’s latest push to combine electrification with its performance-focused brand identity. The Urus SE Performante combines a twin-turbo eight-cylinder engine with an electric motor, producing a combined 812 horsepower. The Revuelto SV, based on Lamborghini’s 12-cylinder hybrid architecture, delivers more than 1,000 horsepower and will be limited to 1,963 units globally, commemorating Lamborghini’s founding year of 1963. “Korea is the No. 2 market in the Asia-Pacific region (in terms of the number of vehicle delive

Tesla Korea's 'unverified' FSD under scrutiny

Oct 8, 2026

Tesla Korea's 'unverified' FSD under scrutiny

Tesla Korea’s vehicles equipped with supervised Full Self-Driving (FSD) will be facing tighter scrutiny after the company came under criticism during the National Assembly’s annual audit, Thursday, over the system’s lack of an official safety evaluation by relevant authorities in Korea. Some 45,000 U.S.-made Tesla vehicles equipped with FSD are currently on Korean roads, but the autonomous driving system has not undergone a government safety test. During the audit, Tesla Korea Country Manager Seo Young-deuk said the company plans to seek formal approval for FSD in Korea. He acknowledged that it has not officially requested testing by the Ministry of Land, Infrastructure and Transport or the Korea Transportation Safety Authority — two key authorities related with auto safety certification. “We have not requested any tests from the authorities,” Seo said. “If the government establishes a system and channel for verification, we will actively undergo the evaluation.” U.S.-made Tesla vehicles can currently operate with supervised FSD in Korea. More than 70 percent of Tesla Kor

Coupang files lawsuits against 620 bil. won fine over data leak

Oct 8, 2026

Coupang files lawsuits against 620 bil. won fine over data leak

E-commerce firm Coupang Corp. has filed lawsuits against 620 billion won ($462 million) in fines levied by a state-run data protection agency over its massive data leak, sources said Thursday. According to the sources, Coupang has filed two separate suits with the Seoul Administrative Court seeking to nullify the fines imposed by the Personal Information Protection Commission in June this year. The Commission fined Coupang a record 624.7 billion won over privacy violations, including a massive data breach that affected more than 37 million users. The amount breaks down to a record fine of 423.6 billion won for the data breach and levies an additional 201.1 billion-won fine for the unauthorized collection of records of online user activities and other violations. It marked the largest fine ever imposed by the regulator on a single company, according to the commission. The punitive measures came more than six months after Coupang belatedly reported a large-scale data breach last November of personal information of users in Korea, including their names, phone numbers and delivery details. The

Can China match up with Meta’s Muse in race to harness AI agents?

Oct 8, 2026

Can China match up with Meta’s Muse in race to harness AI agents?

Meta Platforms’ breakout Muse personal AI agent is shining a spotlight on a new battleground in artificial intelligence – one in which China’s biggest internet companies are already jostling for position. Launched on September 8, Muse surpassed 2.5 million downloads in its first two weeks and topped free-app rankings on Apple and Google’s US app stores. Its popularity has drawn fresh attention to the emerging market for what are known as agent harnesses. Unlike chatbots, which merely respond to...

Alibaba’s AI cloud revenue set to surge over 50% as investment blitz pays off: analysts

Oct 8, 2026

Alibaba’s AI cloud revenue set to surge over 50% as investment blitz pays off: analysts

Alibaba Group Holding is expected to report a 50 per cent revenue surge for its cloud and artificial intelligence unit for the September quarter, driven by strong returns on its aggressive AI investments, according to analysts. Analysts across several financial institutions projected revenue growth for the Chinese tech giant’s AI Cloud and Compute Services unit to have accelerated in the three months ended September 30, up from the 45 per cent growth seen in the preceding quarter. The unit’s...

US AI firm Anthropic enables Chinese-language options for Claude chatbot

Oct 8, 2026

US AI firm Anthropic enables Chinese-language options for Claude chatbot

US artificial intelligence company Anthropic has introduced Chinese-language options to its Claude chatbot in supported markets, even as it continues to block users from mainland China. Checks by the South China Morning Post on Thursday confirmed that Claude’s web interface now lets users select simplified and traditional Chinese as their preferred on-screen language. China also briefly appeared as a billing country option before disappearing from the settings. Users on X have shared screenshots...

Reporter’s notebook: my week with Huawei’s new US$3,500 trifold phone

Oct 8, 2026

Reporter’s notebook: my week with Huawei’s new US$3,500 trifold phone

When I took out the US$3,500 Huawei Mate XT 2 over a family dinner during China’s “golden week” – the long National Day holiday in early October – the trifold phone quickly became the centre of discussion: my father and his peers took turns playing with the device, marvelling at the sleek design while debating whether it was true innovation or pure luxury. It wasn’t the first time unfolding its massive 10.2 inch display raised a few eyebrows at dining tables during the week I spent trying out...

Oliver Curtis’ transformation from jailbird to corporate kingpin has gone awry

Oct 8, 2026

Oliver Curtis’ transformation from jailbird to corporate kingpin has gone awry

The man once best known as Roxy Jacenko’s husband is running a start-up that had seemed destined to be the biggest Australian stockmarket listing since Telstra. Until now.

NVIDIA’s RTX Spark PCs are almost here, and DGX Station is coming to Windows

Oct 8, 2026

NVIDIA’s RTX Spark PCs are almost here, and DGX Station is coming to Windows

RTX Spark laptops will start shipping from 16 October, while NVIDIA is also bringing its more powerful DGX Station platform to Windows.

Apple is reportedly working with LG to release smart home accessories for its home hub

Oct 8, 2026

Apple is reportedly working with LG to release smart home accessories for its home hub

The LG-branded smart home products are reportedly designed to work with Apple’s upcoming smart home hub.

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