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Games & Commerce
Musinsa takes zero-tolerance stance on 'tag switching' ahead of IPO
Musinsa said it will take a zero-tolerance approach to brands on its platform caught engaging in “tag switching,” including possible sales suspensions, contract termination and permanent expulsion. The move follows controversy involving handmade shoe brand Marzin and comes as Musinsa prepares for an IPO, with industry expecting a preliminary listing review filing in July. Musinsa cited limits on pre-inspection in a consignment model and plans an AI-based online inspection system next month.
Telecommunications & Media
South Korea's three mobile carriers kick off annual shareholder meetings season
South Korea's three mobile carriers are starting their annual shareholder meetings, with LG Uplus meeting first on March 24, followed by SK Telecom on March 26 and KT on March 31. Companies will discuss new management structures, board reshuffles and new business strategies aimed at strengthening artificial intelligence capabilities. KT is set to appoint chief executive nominee Park Yoon-young and consider governance bylaw changes. SK Telecom and LG Uplus plan board updates while focusing on AI and related businesses.
Finance
Prolonged Middle East war lifts stock market volatility; oil and won-dollar rate to set direction
As the Middle East war enters its fourth week, concerns about a prolonged conflict have made oil prices and the won-dollar exchange rate key variables for South Korean stocks. Indicators show investors positioning for declines, with securities lending balances and short positions rising. The won has weakened past 1,500 per dollar and oil price gains have lifted inflation expectations. Authorities are rolling out a 100 trillion won market stabilisation programme.
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Industry
AD Technology shifts to AI infrastructure architecture partner
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AI & Enterprise
Nvidia shares muted despite grand vision, Wall Street-Silicon Valley divide
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Crypto
XRP seen rising 7,800 percent like Cardano in 2021 as investors split
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AI & Enterprise
OpenAI to nearly double staff this year, steps up push in enterprise market against Anthropic
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AI & Enterprise
Autoscience raises $14 million seed round to develop AI models with AI
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AI & Enterprise
Xiaomi unveils MiMo-V2-Pro 1-trillion-parameter AI model as value draws attention
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Crypto
Anchorage Digital launches collateral management service targeting institutional lenders
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Crypto
Bitcoin 'Satoshi era' wallet reawakens after 14 years, logs 10,000-fold gain
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AI & Enterprise
Cohesity integrates Sophos malware detection into backup solution
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Industry
U.S. Army eyes Ukraine in search for drone alternatives to DJI
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AI & Enterprise
Fourth-quarter global server market hits record high on AI demand; Dell leads, HPE share slips
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AI & Enterprise
Ecolab to acquire AI data centre liquid cooling firm CoolIT for $4.75 billion
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AI & Enterprise
Developer role set to change as coding AI ushers in era of agent engineering
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AI & Enterprise
Salesforce to bring in Clockwise calendar app team for Agentforce
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Reviews
Film 'Project Hail Mary' raises question of whether humans can communicate with aliens