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AI & Enterprise

Joint probe team uncovers 500 days of cyber breaches from big 3 telcos to Coupang and Tving

A joint public-private investigation team has spent the past 500 days probing cyber breaches that hit South Korea’s telecommunications and broadcasting industry. Its investigations covered SK Telecom’s USIM hacking incident, KT’s illegal femtocell-linked case and Tving’s account information leak, and it was also deployed to a Coupang breach. The team found repeated shortcomings in basic security practices such as account and authentication management, log retention and abnormal-sign detection, and identified cases of late or missing incident reporting.

Finance

KOSPI fails to break 7,000, returns to range trading; focus on U.S. rates and inflation

South Korean stocks are expected to take cues this week from U.S. inflation data ahead of the September FOMC meeting. Strong semiconductor earnings and surging exports are supporting the downside, but elevated U.S. long-term yields and Middle East tensions are limiting upside momentum. Markets are watching U.S. producer prices on Sept. 10 and consumer prices on Sept. 11 after stronger-than-expected U.S. jobs data lifted yield and rate-hike expectations.

Industry

Samsung union conflict widens with New York ad and chair sent to prosecutors

Conflicts inside and around Samsung Electronics' unions are growing. The DX division union ran a Times Square ad criticising workforce efficiency moves and plans an open-ended rally from Sept. 18 outside Chairman Jay Y. Lee's home. Separately, police sent six people including a union chair to prosecutors over alleged creation of a member list. New labour ministry guidelines also narrow what can be treated as a legal labour dispute, limiting unions' leverage.