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Finance
Powell seen as more dovish than expected as Wall Street ends higher
Wall Street’s three main indexes closed higher after the Federal Open Market Committee cut interest rates by 25 basis points, marking a third straight cut of that size. The Fed set the target range for the federal funds rate at 3.50 to 3.75 percent. While the statement added language about considering the scale and timing of further adjustments, Powell’s press conference was seen as more dovish than expected, supporting stocks and pushing 2-year yields lower.
Telecommunications & Media
Broadcast association says YouTube ordered to pay damages for unauthorised use of exit poll
South Korea’s broadcast association said it secured a 60 million won damages ruling against a YouTube channel that used 2024 parliamentary election exit poll results without permission. It said the decision affirms that the three terrestrial broadcasters hold the intellectual property rights to the data. The association criticised unauthorised citations by some outlets and said the ruling confirms such use violates the unfair competition law. It plans further legal action against media that breach citation rules for future elections.
Telecommunications & Media
KT, Samsung verify AI-RAN on commercial network
KT said it has successfully verified AI-RAN on a commercial network in Seongnam. The technology, jointly developed with Samsung Electronics, analyses real-time data between base stations and devices to provide optimised network conditions for each user. Tests involving about 18,000 daily users showed fewer handover disruptions and improved cell-wide quality. KT and Samsung have worked on AI-RAN since 2023 and are advancing GPU-based development with Nvidia.
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Finance
Household loans fall, but banks and consumers still sigh
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Finance
Higher yields and FX gains drive funds into dollar parking products amid high won-dollar rate
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Telecommunications & Media
Frequency reassignment fee set at 3.1 trillion won as 5G standalone mandated
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Finance
Hana Financial keeps CEOs at major units, replaces Hana F&I head
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Finance
Shinhan, Hana Securities clear key step to issue short-term notes
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Finance
FSC extends phase 2 stress DSR for regional mortgages by six months
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Telecommunications & Media
Ericsson says AI RAN and 5G SA needed for rising uplink traffic
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Telecommunications & Media
South Korea ministry seeks police probe into LG Uplus over suspected server disposal
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Finance
Lee Chanjin, FSS chief, calls for stronger outside director independence and more transparent succession at financial holding firms
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Finance
KOSPI ends slightly lower ahead of U.S. rate decision in cautious trading
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Telecommunications & Media
Central Radio Management Service holds briefing on ban on false caller ID
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Telecommunications & Media
KT narrows CEO race to three candidates
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Telecommunications & Media
KCA says domestic 5G private networks top 100 sites
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Telecommunications & Media
KT wins top prize in large company category at Safety Culture Innovation Awards
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Telecommunications & Media
KT opens pre-orders for Pompompurin kids phone, offers Tokyo trip event