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Industry
Samsung Electronics labor talks resume; focus on whether deal is reached before general strike
Samsung Electronics and its unions have returned to the bargaining table after negotiations broke down for several months. The joint labor body said it decided to resume talks after the company indicated it would accept discussions on making the OPI bonus scheme more transparent and abolishing its cap. Working-level talks start on March 25, followed by intensive talks on March 26 and 27. The unions are maintaining a planned general strike in May.
Games & Commerce
Nexon CEO Lee Jung-heon cuts incentive by 50 percent over Maple Growing controversy
Lee Jung-heon (이정헌), chief executive of Nexon’s Japan unit, will cut by 50 percent the incentive allocated to him for 2025, taking responsibility for a controversy over probabilities in “Maple Growing” and the resulting large-scale refunds. Nexon said it would overhaul work systems and corporate culture to prevent a recurrence and restore user trust. It also said the manager in charge resigned and others were disciplined.
Finance
Daishin Securities holds annual shareholders meeting, approves dividend and treasury share cancellation
Daishin Securities on March 24 held its 65th annual general meeting of shareholders at the Daishin Wirye Center and approved seven agenda items as proposed, including its financial statements, director appointments and a dividend plan. The company confirmed consolidated results of 5.064 trillion won in revenue, 301.4 billion won in operating profit and 186.7 billion won in net profit. It also decided cash dividends and a phased cancellation of 15.35 million treasury shares.
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AI & Enterprise
Samjjom Sam to link AI tax service to Kakao's ChatGPT for Kakao
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AI & Enterprise
Upstage unveils in-house LLM Solar Pro 3 with 102 billion parameters
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AI & Enterprise
Jiranjiogyo Security and SSR to cancel all treasury shares
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Industry
SK Hynix signs 12 trillion won EUV equipment deal with ASML
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AI & Enterprise
Synology confident of high growth in South Korea's enterprise storage market
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Crypto
XRP stablecoin supply doubles but derivatives activity falls as retail wallets rise
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AI & Enterprise
ChatGPT works better when you ask how a plan can fail first
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Crypto
Polymarket, Kalshi declare war on insider trading, warn of permanent ban for sharing confidential information
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Finance
KOSPI sidecar triggered 10 times this year, most since global financial crisis
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Finance
KOSPI rebounds more than 2 percent to reclaim 5,550 level, Kosdaq also rises
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Crypto
Polygon-backed Katana blockchain to acquire IDEX, expand into derivatives trading
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AI & Enterprise
SentinelOne, Snyk unveil AI agent security tools
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Crypto
Balancer Labs to liquidate company after $128 million hack; protocol to keep running
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Industry
Asus to raise Q2 PC prices by up to 30 percent on parts supply shortage impact
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Industry
Ybrain joins K-Moonshot project as sole BCI industry partner