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Industry
Chaevi targets operating profit in 2027, outlines growth strategy ahead of Kosdaq listing
South Korean electric-vehicle fast-charging infrastructure operator Chaevi set a target to turn EBITDA profitable in the fourth quarter of 2026 and to achieve an operating profit in 2027. CEO Choi Young-hoon (최영훈) outlined the company’s core strengths and growth strategy ahead of a planned Kosdaq listing. Chaevi said higher utilisation and a shortage of new fast chargers could bring forward profitability. It also detailed overseas expansion and IPO terms, including a 10 million-share offering.
Industry
Mutual guarantee rule for private ICT construction projects; supervision management system to be introduced
South Korea has amended a law governing the information and communications construction sector to strengthen contract fairness and protect smaller firms. The revision introduces a mutual guarantee obligation for privately ordered projects and makes liability insurance or mutual aid coverage mandatory. It also establishes a basis to build and operate a supervision management system and requires new registrants to complete training within six months. The Ministry of Science and ICT said the change would support shared growth in the market.
AI & Enterprise
Cohesity to extend enterprise AI resilience with AI workloads, evolving from backup to data insights platform
AI-based data security company Cohesity is accelerating its Enterprise AI Resilience strategy, extending data protection and security capabilities into the AI ecosystem. CEO Sanjay Poonen (산제이 푸넨) said companies need confidence they can manage AI-driven risks and recover quickly from disruptions. Cohesity said it protects AI and agent infrastructure, supports sensitive-data governance and integrates with ServiceNow and Datadog for API-based recovery. It also plans AI analytics on protected data and announced MCP-based federated semantic search and the Cohesity Gaia Catalog.
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Finance
KB Kookmin Bank launches KB Star index-linked deposit 26-3
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Finance
Hana Financial Group launches 'Productive Finance Academy'
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Crypto
Nearly 89.83 million XRP moved to Coinbase-linked address, market watches for impact
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Industry
South Korea research industry totals about 21,000 firms, sales 28.6 trillion won
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Crypto
Circle CEO says USDC unlikely to be used for Strait of Hormuz tolls
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Telecommunications & Media
Galaxy Buds4 and Buds4 Pro improve sound quality and connectivity in hands-on test
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Crypto
Ethereum at crossroads: break above $2,436 or slip below $1,900
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Crypto
Solana-holding listed firms' shares plunge up to 92 percent, warning lights for further 50 percent drop
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Telecommunications & Media
Apple foldable iPhone may use advanced adhesive to reduce screen creases
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Crypto
SpaceX keeps bitcoin holdings despite $5 billion losses
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Crypto
XRP investor fear hits worst level in 2 years; it rebounded after similar swings before
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AI & Enterprise
SpaceX turns from profit to loss ahead of IPO, hit by xAI capital spending
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Crypto
BitMine buys an additional 71,524 ether, now holds 4.04 percent of total supply
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Telecommunications & Media
LG Uplus processes 180,000 SIM replacements and updates on first day
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Telecommunications & Media
KT holds 'Partners Day 2026', gives preferential treatment to high-quality suppliers