Kakao founder arrested over alleged stock manipulation
The court cited risks of him fleeing and destroying evidence.
Corporate Buzz
BYD, other carmakers to follow through on local factory plans in Indonesia, government says
Aside from easing local content rules, the government's EV investment scheme compels foreign makers to make good on their promise to build local factories, a senior official says.
Singapore’s Tada ride-hailing app to enter Hong Kong in November, eyes South Korea next
The move comes as the government plans to regulate private car-hailing services, which remain largely illegal, unlike in other parts of Asia such as Singapore and mainland China.
85 percent of Hong Kong companies embrace AI in operations
While these figures indicate that Hong Kong enterprises are actively embracing innovation, an 85 percent integration rate lags slightly behind the 93 percent rate observed in the…
AI-equipped ACs grow in popularity; some can guess users’ moods, auto-adjust temperature
As it has become difficult to differentiate air conditioners based on their basic heating and cooling functions alone, manufacturers are proactively trying to appeal to customers…
Galaxy Z Flip6, Fold6 bring AI tech to palm of your hand
The tech giant’s first artificial intelligence-powered foldable phones are easy to hold and fun to play with, but the more you use them, the more their intelligent functions…
Singapore-headquartered Dyson to axe 1,000 jobs in Britain
When asked about the fate of its almost 2,000 staff here, the multinational technology company said there was no direct impact from the announcement and declined to comment…
Carmaker’s video showing controversial hand sign sparks outrage, corporate crisis in South Korea
The hand gesture, which mimics a pinching motion, is intended to mock the size of Korean men's genitals as a tactic to mirror the level of scrutiny women's appearances have been…
Malaysia’s social media licensing plans raise ‘abuse of power’ concerns
An open letter issued on June 27 by 44 organisations and 23 individual activists to PM Anwar decried the licensing proposal as a “blatant abuse of power” and “an attack on a…
South Korean conglomerates interested in expanding investments in Vietnam
PM Chinh said the government welcomes the conglomerates' investments that utilise modern technology, ensure environmental protection, and align with Vietnam's development plans…