K-pop stocks struggle amid scandals, sluggish earnings
Share prices of four major K-pop powerhouses plummet over 30 percent in average this year.
Corporate Buzz
Hyundai Motor names battery sources as EV fire concerns grow
According to the carmaker, most of the Hyundai EVs, including the flagship Ioniq brand cars, used batteries from Korea’s LG Energy Solution and SK On. Hyundai’s Kona Electric…
Kakao founder indicted over alleged stock manipulation involving SM Entertainment acquisition
The case centers on suspicions that Kakao manipulated SM stock prices during a bidding war it won in February last year against Hybe over the takeover of SM.
LG debuts South Korea’s first open-source AI model
Exaone 3.0 outpaces global rivals in real-world use cases, coding, and math.
Three Chinese companies make top 10 on 2024 Fortune Global 500 list
China's State Grid sits at third place with a revenue of $545.95 billion in 2023, while Sinopec Group ($429.7billion) and China National Petroleum Corp ($421.71 billion), took the…
PM Anwar accepts Meta’s apology, says Communications Minister
Meanwhile, Communications Minister Fahmi Fadzil said he was informed that the community guidelines of social media platforms are always changing, especially on geopolitical…
Samsung begins mass production of ultraslim DRAM chip for on-device AI
The ultra-slim DRAM chip would create additional space within mobile devices to facilitate better airflow, supporting easier thermal control important especially for…
Meta apologises for removal of Malaysian PM Anwar’s posts on Hamas leader
Malaysia had asked Meta for an explanation after the posts expressing condolences over Haniyeh's death were removed.
Malaysia demands explanation, public apology from Meta over removal of PM Anwar’s posts
The Prime Minister's Office added that the decision to censor content without considering the context of the post raised "questions about the transparency of Meta’s content…
Buyout deals surface amid Qoo10 affiliates’ exit rush
Earlier that day, local daily newspaper Chosun Ilbo reported that Qoo10 plans to sell WeMakePrice to Chinese e-commerce platform operators AliExpress and Temu.