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Finance
KOSPI slides into 7,400s as foreigners sell for fifth straight session
South Korea's KOSPI fell more than 2 percent in early trade on Tuesday, sliding into the 7,400s as foreign investors extended net selling for a fifth straight session. At 9:11 a.m., the index was down 173.75 points, or 2.27 percent, at 7,469.40. Individuals and institutions were net buyers, while foreigners were net sellers. The won weakened against the dollar.
People
Baemin and merchant partners deliver lunchboxes to vulnerable children
Baemin delivered lunchboxes to vulnerable households with children, working with its merchant partners. Operator Woowa Brothers said it made and delivered lunchboxes to 150 households in Seoul’s Songpa district on May 12 with partners from its Baemin Friends community. The volunteer activity was held for Family Month in May and was linked with the World Vision Songpa Comprehensive Social Welfare Center.
Games & Commerce
Nol Universe redesigns NOL app main home, expands personalization
Nol Universe said on Tuesday it has revamped the main home screen of its leisure platform NOL. The company redesigned the entry structure depending on usage purposes such as travel and performances and exhibitions, and expanded personalization features. It introduced a new ticket tab to separate travel and performance and exhibition content. It also applied personalization technology to search recommendations and promotion banners and added a widget prioritising benefits with higher response rates.
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Finance
KB Kookmin Bank expands K-content financing support with 20 billion won guaranteed loans
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Industry
LG Energy Solution, KOSMES open call for battery startups
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Games & Commerce
IMI moves to protect customer service agents with AI real-time emotional risk detection
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Telecommunications & Media
LG Hellovision holds AI agent hackathon, identifies 83 practical tasks
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AI & Enterprise
SKT builds solar infrastructure at Korea University, eyes 350 million won a year in power bill savings
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Telecommunications & Media
SK Broadband develops 5-gigabit network equipment to support shift to digital classrooms
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World
Kevin Warsh Fed governor nomination clears U.S. Senate, setting stage for Powell succession
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Crypto
Bitcoin surges above $80,000 but Wintermute cautions rally looks like short squeeze
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Industry
SpaceX assembles Starship V3, the world’s tallest rocket, ahead of IPO
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Games & Commerce
W Games Q1 operating profit up 25.1 percent to 68.5 billion won
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Telecommunications & Media
Netflix says content investment contributed $325 billion to global economy
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Crypto
Bitcoin holds $80,000 despite spot ETF demand, but conviction lacking
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Crypto
Peter Schiff calls Strategy preferred share STRC a 'Ponzi', urges SEC probe
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Crypto
Ray Dalio puts brakes on bitcoin reserve asset thesis, cites privacy limits
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Games & Commerce
NCSoft posts sharp rebound in first-quarter profit on success of new releases