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Industry
LG Innotek Q3 operating profit 94.8 billion won down 53.4 percent
LG Innotek said on Oct. 27 it posted third-quarter revenue of 6.37 trillion won and operating profit of 94.8 billion won. Revenue rose 18.6 percent from a year earlier, while operating profit fell 53.4 percent and the operating margin was 1.5 percent. The company attributed weaker profitability to a sharp fall in the won-dollar exchange rate between raw material purchases and mass production shipments.
Mobility
Tesla cedes EV sales lead to BYD; can $99-a-month FSD turn things around?
Tesla is pitching autonomous-driving software as a new growth engine after ceding the lead in electric-vehicle sales. It is seeking to expand recurring revenue through subscription software and AI services, and is also weighing the possibility of a merger with SpaceX. Analysts cited in the report highlighted software profitability, but regulatory approval for driverless full self-driving remains unresolved. Subscription uptake is rising, and rivals are also pursuing approvals and advanced driver-assistance systems.
People
K Bank wins Financial Services Commission chairman award for employment-linked internships, minor FDS
K Bank won a Financial Services Commission chairman award for expanding youth hiring and protecting minor financial consumers. The bank was recognised for creating jobs through an employment-linked internship programme and for building a transaction monitoring system for minors. It received both an institutional citation and an individual award at the 11th Financial Day ceremony hosted by the FSC on Oct. 27.
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Finance
KOSPI jumps over 3 percent to close at 5,638 led by foreigners and institutions
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Finance
iM Financial narrows next chairman candidates to six, keeps list private
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Industry
Korea FTC rules Samsung misled consumers by omitting Galaxy GOS performance limits; company disputes finding
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General News
Korea Grand Festival with 40,000 firms opens Oct. 29, Korea Post joins
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Industry
Baek Kyung-hoon says nuclear power importance grows in AI era, cooperation needed for SMR commercialisation
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Games & Commerce
Korea commission to speed up sanctions on Google, Apple over in-app payments, fines seen at 60 billion won
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Mobility
Fukuoka Airport introduces Level 4 driverless autonomous cargo towing tractor, Japan's third
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Telecommunications & Media
KT unveils Token Factory with automatic AI model selection and unified billing
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AI & Enterprise
Marissa Mayer says existing AI assistants are too hard, bets on personal AI that reads phone photo albums
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AI & Enterprise
How office workers use ChatGPT differs by country, survey finds
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Games & Commerce
Com2uS unveils 'Destiny Child: Assemble' for first half 2027 launch
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Industry
Chips&Media Q3 operating profit 1.66 billion won, up 8.7 percent on year
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Finance
Hana Bank picked as Sejong City lead treasury bank to manage 1.9 trillion won over 4 years
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Mobility
Kia keeps 2027 EV6 price unchanged, targets North American EV market with EV3
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Industry
AI data centre equipment targeted in U.S. thefts exceeding $100 million