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Finance
Hana Financial to build HanaThe Next Lifecare elderly care facility
HanaThe Next Lifecare said it held a groundbreaking ceremony on March 27 at a site in Jichuk-dong, Deogyang-gu, Goyang, Gyeonggi Province, to build an elderly care facility. The event was attended by executives from Hana Financial Group and guests including officials from the Korea Life Insurance Association and Eunpyeong St. Mary’s Hospital. The facility will provide combined housing and care services for older people and aims to open in September 2027.
Finance
Samsung Electronics, SK Hynix two-times ETF launch nears as regulators stress investor protection
South Korea’s first domestic single-stock 2-times leveraged ETFs tracking Samsung Electronics and SK Hynix could debut as early as May. Financial regulators are preparing detailed rules and say investor protection and market-stability safeguards must come first because of the products’ high-risk structure. Demand for leveraged products has been evident, including net buying by local investors of a Hong Kong-listed Samsung Electronics product. Authorities also raised concerns about volatility, tracking gaps and credit-funded concentration.
Industry
Dairy industry enters second round of 'protein war' with higher content, derivative products
South Korea's dairy industry is ramping up competition in ready-to-drink protein beverages by increasing protein content and rolling out derivative products. Namyang Dairy Products launched a renewed Take Fit Monster with 45 grams of protein, while Binggrae raised The Protein to as much as 40 grams. The domestic protein market has expanded rapidly since 2018, with beverages accounting for about 60 percent. Companies are also moving into amino acid-based energy gels as competition intensifies.
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Finance
Fintech firms step up battle over games and mini-apps to boost time spent
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AI & Enterprise
EY says executives still layer AI on existing structures instead of fundamental change
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Crypto
xStocks tokenisation platform puts unlisted stock fund on-chain
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AI & Enterprise
Stanford study says AI chatbot flattery could weaken users' social skills
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AI & Enterprise
Physical Intelligence seeks additional $1 billion funding, aims to build ChatGPT for robots
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AI & Enterprise
Anthropic's Claude sees paid subscribers surge, more than double this year
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Crypto
XRP sees 1.3 billion token outflow over six months, but 11 percent rebound possible
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Crypto
Bitcoin may struggle to recover until 2027 if it breaks below $60,000, analysis says
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AI & Enterprise
LinkedIn founder on the real shift AI will bring to SaaS
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Industry
Combat drones shift from lithium-ion batteries to hydrogen fuel cells
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Industry
Rivian secures additional $1 billion investment from Volkswagen
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Industry
Arm unveils in-house AI chip AGI CPU, Meta and OpenAI join
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Crypto
Japan drugstores to introduce tokenised deposit DCJPY to cut payment fees, workload
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Industry
Toyota CEO says company cannot survive without change as auto industry anxiety rises
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World
U.S. warns EU over big tech curbs, says bloc could fall behind in AI economy