Toshiba accepts buyout offer from JIP
The equity firm will launch a takeover bid after receiving approval from the relevant authorities and other procedures.
Corporate Buzz
Samsung, SK breathe tentative sigh of relief over US chip subsidy rules
Experts say Korean chipmakers have dodged the worst-case scenario but has called for diplomacy to put more pressure on Washington.
Value of Japanese seafood imports hits 12-year high in 2022
Imports of Japanese seafood declined for four years after the disaster before switching to an upturn.
Innospace opens new era for S. Korea’s space sector
According to the company, it demonstrated the world’s first successful launch of a hybrid rocket, taking the lead among global competitors.
Adobe to pay AI-content creators in groundbreaking move
With just a text prompt to the AI tools, content makers can create images, audio, illustrations, videos or 3D models.
Apple Pay makes Korean debut after 10-year wait
More than 170,000 iPhone users rushed to use brand-new service that opened on March 21, causing service malfunctions at some stores.
Kakao Entertainment continues fight against pirate content sites in Indonesia
As 63 percent Indonesians use pirate sites, enhancing public awareness about digital piracy is an important measure, according to the company.
Adani suspends work on $4.2b project in Gujarat
The group asked suppliers to suspend all activities of the scope of work and performance of all obligations till further notice.
Microsoft announces AI-powered Copilot
The tech giants said that it is currently being tested with 20 users and that the preview will be enhanced in the upcoming months.
Samsung Pay boosts ties with Naver, Kakao to cement payment leadership
Samsung Electronics has been in discussion with Kakao Pay over a potential partnership deal, seeking synergy between the two payment services.