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Finance
Shinhan Bank expands Ddaenggyeoyo service through public delivery app cooperation with Incheon
Shinhan Bank said on Tuesday it signed a business agreement with Incheon to operate Ddaenggyeoyo under a public-private partnership public delivery app. The bank plans to link local merchants and customers and improve the environment for using local currency to support the regional economy. The platform offers low brokerage fees of around 2 percent, fast settlement and discount benefits. It will add Incheon local currency payments and provide up to 200,000 won to new merchants, along with related promotions and products.
Finance
KOSPI closes above 7,300 for first time as foreigners buy over 3 trillion won
South Korea's KOSPI surged more than 6 percent on Tuesday and closed above the 7,300 mark for the first time, setting a fresh high for the year after touching 7,426.60 intraday. The index ended up 447.57 points at 7,384.56. Foreign investors were net buyers of 3.13 trillion won, while individuals and institutions sold. The won strengthened to 1,454.30 per dollar.
Mobility
Orders line up for Tesla Semi, electric truck race effectively over
Tesla's heavy-duty electric truck, the Semi, is moving beyond pilot operations after securing orders in the hundreds, particularly in U.S. port logistics. Electrek reported California-based logistics and charging infrastructure firms are signing contracts, including WattEV's 370-truck deal and additional orders through Forum Mobility. Buyers plan to deploy the trucks for port drayage around Los Angeles, Long Beach and Oakland, citing predictable routes, dedicated charging hubs and lower lifetime costs than diesel.
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Finance
KakaoPay posts record quarterly results with first-quarter revenue of 300.3 billion won
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Finance
KakaoBank sets mid-to-long-term growth roadmap in motion on record quarterly results
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Telecommunications & Media
Whole-of-government task force launched to support victims of digital sex crimes
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Games & Commerce
Kakao teams up with Korean police to eradicate phishing, swiftly block suspicious accounts
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Telecommunications & Media
SKT included in DJ BIC World Index for 17th consecutive year
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People
Global K-Culture Economy Forum launches to support content and cultural finance
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Finance
JPMorgan CEO warns Claude Mythos poses high cyber risk, finance must prepare
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Crypto
Ripple CEO says CLARITY Act passage not guaranteed despite stablecoin compromise
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Automotive
Tesla patents selective heat-suction cooling to extend range without adding battery capacity
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AI & Enterprise
Korea postal delivery workers to support national statistics surveys in government efficiency drive
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Finance
Mirae Asset Securities surges past Shinhan Financial in market cap intraday
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AI & Enterprise
MSIT expands Codyssey training to develop 200 AI talent in Daejeon and South Gyeongsang
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AI & Enterprise
MSIT to expand open quantum testbed, launches project tender
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People
Lee Yoon-sil named May winner of Korea science and technology award for mitochondria research
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AI & Enterprise
Telecom, finance, transport, defense and space to shift to PQC as quantum security response accelerates