‘We are sorry’: OpenAI apologises for Medicare hack

The Sydney Morning Herald - Sep 29, 2026

OpenAI says its model ran commands, wrote files and took credentials from a Medicare portal, going further than the government’s account.

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Trade barriers still bog down K-food firms: lobby group head

Sep 29, 2026

Trade barriers still bog down K-food firms: lobby group head

Korean food manufacturers, despite K-food’s growing presence in global markets, continue to face hurdles from overseas trade barriers that constrain further export growth, according to the head of the country’s major food industry lobby group, Tuesday. Park Jin-sun, chairman of the Korea Food Industry Association (KFIA), said difficulties faced by the group’s member companies ranged from tariff to custom, certificates and food regulations in foreign markets. Global supply chains that prevent Korea’s imports of necessary materials for the industry also posed a threat. Issues related to food safety, production technologies, eligibility for government subsidy programs and sustainable operation practices were also major concerns for the companies. “We have witnessed rising crude oil prices worldwide, tightening naphtha supplies, disrupting packaging operations and a weakening Korean won,” Park said during a press conference in Seoul marking his first year as chairman. “Not just our importers, our exporters seeking to expand their global markets also suffered from various trade

LG Innotek to operate data collecting vehicle fleet for self-driving tech

Sep 29, 2026

LG Innotek to operate data collecting vehicle fleet for self-driving tech

LG Innotek will dispatch a fleet of sensor-packed test vehicles to Korean roads to gather real-world data aimed at sharpening technologies that determine how self-driving cars see the world. The company said Tuesday it has begun operating data collection vehicles in Korea in partnership with Applied Intuition, a U.S. autonomous driving software company. The two companies plan to expand the fleet to 20 vehicles by 2028. Operations will initially focus on Seoul, Incheon and the surrounding Gyeonggi Province, with the fleet including both data collection vehicles and vehicles used to develop autonomous driving software. LG Innotek said direct access to road data will help it refine sensors that serve as the “eyes” of autonomous vehicles and strengthen its sensor-fusion technology. The vehicles combine cameras, radar and lidar to capture information about road conditions, vehicle movements, object locations and changes in weather, with the data to be paired with digital twin environments for sensor improvement and system validation. Sensor fusion combines camera imagery with radar measure

Watchdog chief urges securities firms to shore up shareholder value

Sep 29, 2026

Watchdog chief urges securities firms to shore up shareholder value

The chief of Korea's financial watchdog on Tuesday called on securities firms to shore up shareholder value and heighten risk management for rising interest rates. In a meeting with heads of 28 securities firms, Lee Chan-jin, governor of the Financial Supervisory Service (FSS), said local brokerage firms had racked up record profits amid a stock bull run. "Securities firms that benefited the most from the growth of the capital market should play a greater role in leading market reform, and work to boost shareholder value," Lee said. The FSS chief also called for better management of loans extended to investors as part of efforts to reduce market volatility. Lee, in addition, urged securities firms to better prepare for rising interest rates.

Samsung SDI unveils AI data center battery solutions at DCWA 2026

Sep 29, 2026

Samsung SDI unveils AI data center battery solutions at DCWA 2026

Samsung SDI is unveiling a range of battery solutions designed for artificial intelligence (AI) data centers at Data Centre World Asia (DCWA) 2026, which kicked off Tuesday in Singapore, as the battery maker seeks to expand its presence in the fast-growing data center market. The event, which is one of Asia's largest data center exhibitions, brings together companies across the data center ecosystem, from design and construction to operations and management. This year’s edition is drawing more than 600 companies from around the world. Samsung SDI is participating in the annual event for the first time, showcasing products and technologies in four exhibition zones dedicated to uninterruptible power supply (UPS) systems, battery backup units (BBUs), Samsung battery box (SBB) and a range of battery cells. At the UPS zone, Samsung SDI is showcasing a UPS solution that it said was the first in the world to meet all criteria in an indoor large-scale fire test conducted by UL Solutions, a global safety testing and certification company. The installation-level test involves intentionally igni

Red ginseng gains attention for immune health amid flu surge

Sep 29, 2026

Red ginseng gains attention for immune health amid flu surge

With the flu spreading earlier than usual this year, market interest is growing in products that may help support immune health, including red ginseng. According to the Korea Disease Control and Prevention Agency, the number of patients with influenza-like illnesses reached 25.3 per 1,000 outpatients during the first week of September. This is nearly double the epidemic threshold of 12.9 and up sharply from 13.3 in late August. COVID-19 is also spreading alongside the flu. During the same period, 193 patients were hospitalized with COVID-19, more than triple the number four weeks earlier. Last year, the government issued a flu advisory on Oct. 17, but this year it issued the advisory on Sept. 11 and began its vaccination program on Sept. 21. Against this backdrop, consumers are showing growing interest not only in vaccination but also in products that support immune health as part of broader preventive care, with red ginseng among those drawing increased attention. Red ginseng has been officially recognized by the Ministry of Food and Drug Safety for seven potential health benefits, inclu

Samsung, SK go all out to celebrate Jensen Huang's Van Fleet Award

Sep 29, 2026

Samsung, SK go all out to celebrate Jensen Huang's Van Fleet Award

Samsung Electronics and SK Group each made a high-profile show of support for Nvidia CEO Jensen Huang after he received the Van Fleet Award, a prominent honor recognizing individuals who contribute to Korea-U.S. relations. The two companies' efforts underscore the importance they place on ties with the artificial intelligence (AI) accelerator giant as competition for next-generation memory and computing technologies intensifies. Samsung Electronics ran congratulatory videos for Nvidia CEO Jensen Huang on a Times Square billboard in New York City on Sunday and Monday (local time), while Executive Chairman Lee Jae-yong attended the Korea Society’s annual gala, where Huang received the award, in the city on Monday. The Korea Society honored Huang for his “visionary leadership and transformative contributions” to the AI and semiconductor industries, which it said are central to the evolving Korea-U.S. economic partnership. In his remarks at the gala, Lee highlighted Huang’s role in reshaping the technology industry and the significance of the bilateral partnership. “He has made the

Naver looks to Mexico as export market for AI infrastructure

Sep 29, 2026

Naver looks to Mexico as export market for AI infrastructure

Naver, the Korean tech powerhouse best known for operating the country’s dominant search engine and digital ecosystem, is expanding its global artificial intelligence (AI) push into Latin America. Company executives met with Mexican government officials and business leaders this week to explore joint initiatives aimed at building a regional AI ecosystem and accelerating industrial modernization. Naver CEO Choi Soo-yeon and other company executives visited Mexico from Thursday through Friday as members of President Lee Jae Myung’s economic delegation, the company said Tuesday. Choi met with Marcelo Ebrard Casaubon, Mexico’s economy minister, and Rosaura Ruiz Gutiérrez, minister of science, humanities, technology and innovation, as well as officials from the Agency of Digital Transformation and Telecommunications and Mexican IT company Softtek. Choi introduced Naver’s public-sector AI transformation capabilities, sovereign AI strategy and AI factory project being developed with Nvidia and Brookfield, while proposing cooperation on Mexico’s public sector digital transformation a

Global proxy advisers scrutinize KB Financial's surprise leadership change

Sep 29, 2026

Global proxy advisers scrutinize KB Financial's surprise leadership change

KB Financial Group's surprise decision to replace its incumbent chairman despite record earnings is under closer shareholder scrutiny, with the world's two largest proxy advisory firms reviewing the nomination ahead of a shareholder vote, industry officials said Tuesday. Institutional Shareholder Services (ISS) and Glass Lewis told The Korea Times that they are currently reviewing company proposals ahead of an extraordinary shareholders meeting scheduled for Nov. 20. Neither has yet issued a recommendation on the appointment of Lee Jae-keun as KB Financial's next chairman. Glass Lewis said it was unable to comment on the nomination at this stage because its research on the company was still underway. ISS similarly said its recommendation would be available once its research is published. "I’m happy to send you our shareholder meeting research and recommendations for KB Financial Group once we publish, which is typically 14-16 calendar days ahead of the shareholder meeting, as noted in our media policy," an ISS spokesperson said. Their recommendations could carry particular weight at KB

SK hynix to provide up to 50% of R&D costs upfront for partner firms

Sep 29, 2026

SK hynix to provide up to 50% of R&D costs upfront for partner firms

SK hynix Inc. has announced that it will expand its support programs for partner companies, including providing upfront funding of up to 50 percent of research and development (R&D) costs. The plan was announced at an event hosted by SK hynix CEO Kwak Noh-jung and attended by key executives and representatives of about 100 partner companies on Monday. At the technology development stage, SK hynix will introduce a program under which it will provide upfront funding of up to 50 percent of initial R&D costs. Even if a project fails to result in a successful technology or an actual purchase, SK hynix will make a post-development settlement based on the technological achievements and contributions of the partner company. At the testing and verification stage, SK hynix will provide access to infrastructure, including production lines, to help partner companies verify the performance and reliability of their products. At the mass-production stage, SK hynix will provide low-interest financing through its shared-growth fund and expand its consulting program to include second- and third-tier suppli

Nvidia and AMD chiefs join Tsinghua advisory board as US-China chip tensions persist

Sep 29, 2026

Nvidia and AMD chiefs join Tsinghua advisory board as US-China chip tensions persist

Nvidia founder and CEO Jensen Huang and AMD chief Lisa Su have joined an influential advisory board at a prestigious Chinese university, placing the two key American AI tech leaders in a high-level forum known for connecting global executives with senior Chinese officials. Huang and Su were among three new members appointed to the advisory board of Tsinghua University’s School of Economics and Management (SEM), alongside Marc Pictet, senior managing partner of Swiss wealth and assets manager...

Nothing announces new flagship Headphone (1) Pro headphones with audiophile features

Sep 29, 2026

Nothing announces new flagship Headphone (1) Pro headphones with audiophile features

These headphones will likely sound different, thanks to a new tuning partner.

‘Too much heat’: How residents beat a $1.2b data centre

Sep 29, 2026

‘Too much heat’: How residents beat a $1.2b data centre

Lane Cove residents are planning a street party. The rest of the data centre industry has a problem.

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