| Mobile Web

All articles List

Finance

Oil and forex risks mount as South Korea steps up internet bank IT controls

South Korea is facing compounded pressure from higher oil prices, a weaker won and rising inflation, with the won-dollar rate nearing 1,540 and oil product prices up about 10 percent from a year earlier. The central bank is expected to hold rates this month, but prolonged price and currency pressures could raise the possibility of a second-half hike. Authorities have tightened household debt controls and pushed market reforms, while the Financial Supervisory Service has urged stronger IT internal controls at internet banks.

AI & Enterprise

OpenAI, Anthropic IPO plans spotlight rising AI costs and cash burn

OpenAI and Anthropic are preparing what could be record-setting IPOs this year, but concerns persist about fragile internal structures and soaring costs to train new AI models. The Wall Street Journal, citing confidential financial documents shared with investors, reported OpenAI expects to spend $121 billion on computing power for AI research in 2028 and could burn $85 billion in cash flow that year. Both companies are expected to consume large amounts of cash for years, with IPO proceeds seen as support.

AI & Enterprise

KT redesigns AI strategy amid reorganisation, bets on B2B AX

KT is accelerating a corporate reorganisation under newly appointed CEO Park Yun-young while redesigning its artificial intelligence strategy, amid analysis that weaker-than-expected results from existing efforts have made a review unavoidable. KT has reshaped its R&D organisation and created a new AX business division, saying it aims to strengthen next-generation technology development and competitiveness in business-to-business AI transformation. Industry watchers cite leadership departures and limited results from earlier initiatives as key pressures.