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AI & Enterprise
Cisco to cut about 4,000 jobs as it steps up AI investment
Cisco will cut about 4,000 jobs this quarter to expand investment in AI, the Wall Street Journal reported on May 13. The reduction is less than 5 percent of its workforce. CEO Chuck Robbins said the restructuring is aimed at better allocating resources rather than cutting costs. The company expects restructuring charges of up to $1 billion. Cisco reported higher third-quarter revenue and net profit and raised its full-year revenue forecast.
Games & Commerce
Kakao's AI national secretary adds voice certificate issuance, public facility bookings
Kakao said on May 14 it has added voice functions to its AI national secretary pilot service and upgraded it so users can complete public facility bookings within KakaoTalk. The conversational AI agent, launched in March with South Korea's Ministry of the Interior and Safety, can be used through the KakaoTalk channel 'Gubbi' without installing a separate app. Users can issue electronic certificates and book facilities by voice. Kakao also added an icon in the app's More tab.
Games & Commerce
Coupang launches emergency relief system using Rocket Delivery network
Coupang will use its nationwide Rocket Delivery logistics network to support disaster victims through an emergency relief system. The company said on May 14 it is launching an “Emergency Relief Coupang Hope Box” programme to deliver relief items immediately to affected residents when disasters strike. Supplies will be stored at the Sejong fulfilment centre and shipped nationwide, then handed over onsite to Peace Winds Korea for distribution to evacuees.
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Industry
LG Electronics wins commercial display order for Frankfurt Airport new terminal
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Games & Commerce
Naver links CRM to SmartPlace to help small merchants attract repeat customers
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Crypto
Hecto Innovation steps up support for Circle's Arc ecosystem expansion in South Korea
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Finance
KB Securities raises 2026 KOSPI target to 10,500, citing AI-led earnings gains
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Finance
Finda says mid-to-low credit borrowers prefer policy loans for unsecured and secured lending
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Games & Commerce
Olive Young's Olive Better marks 100 days, foreign sales share nears 50 percent
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Crypto
Bithumb unveils AI voice phishing prevention campaign
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Games & Commerce
APR steps up hiring to internalise beauty tech
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Crypto
Smashfi CEO says only bitcoin works as long-term saving asset
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Games & Commerce
Yanolja acquires hospitality solution firm InnKey
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Industry
Samsung Electronics signs EU CoC to expand energy cooperation in Europe
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AI & Enterprise
Selectstar red-teaming technology adopted by ACL 2026
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Telecommunications & Media
DLive TV to distribute local content to 20 countries via Prime Video
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Crypto
STRC demand may have supported bitcoin as Strategy purchase structure draws attention
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Crypto
Ledger shelves U.S. IPO plans, citing worsening market conditions