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Industry

Ramen makers cut prices selectively as Shin Ramyun, Buldak and Jin Ramen excluded

Major South Korean ramen makers including Nongshim, Samyang Foods and Ottogi will cut prices on some products from next month, industry officials say. The cuts exclude flagship brands such as Nongshim’s Shin Ramyun, Samyang’s Buldak Bokkeum Myun and Ottogi’s Jin Ramen. Companies say the moves aim to support price stability, but critics say the impact will be limited because high-recognition, high-sales products were left out.

Telecommunications & Media

KT affiliates speed up executive shuffles ahead of Park Yoon-young era

KT is drawing attention for a rapid round of affiliate leadership changes ahead of the expected appointment of CEO nominee Park Yoon-young at a March 31 shareholders meeting. Key units are naming new heads, including KT Skylife, KT Alpha and BC Card, while other affiliates prepare board agendas. The moves are raising questions about KT’s future management direction and possible shifts in business strategy and internal restructuring.

AI & Enterprise

Coding AI all-out battle as inference-focused AI chip shake-up accelerates

Competition among major players in coding AI is intensifying, with Anthropic’s Claude Code reaching an annualised revenue run rate of $2.5 billion and OpenAI accelerating coding-focused moves. Elon Musk’s xAI is rebuilding to sharpen its coding push. Coding AI startups are also raising funds, including Cursor and Replit, while Lovable posted $100 million in February revenue. Big tech firms are stepping up rivalry around AI inference chips, alongside a range of other AI-related corporate moves.