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Industry
Desktop fusion device achieves 11 million-degree plasma milestone toward commercialisation
U.S. fusion startup Avalanche said it has generated plasma of about 11 million degrees Celsius in a desktop-sized prototype, reaching a temperature close to the sun’s core. The company said this clears a key technical threshold for fusion, though it does not mean net energy production. Avalanche is pursuing a small, low-cost system and said it has raised less than $50 million to reach this stage. The result has not been peer reviewed.
Telecommunications & Media
South Korea government, 3 telecoms to recycle critical minerals from scrapped network equipment
South Korea's government and the country's three mobile carriers will cooperate to promote domestic circulation and reuse of rare earths and other critical minerals contained in scrapped telecommunications equipment. The Ministry of Science and ICT and the climate ministry signed an agreement on June 11 with SK Telecom, KT, LG Uplus, KCA and the Korea Environment Corporation. A pilot project will track disposal and distribution flows and support automation, facilities, and guidelines.
Finance
Kosdaq triggers buy-sidecar on surge
A buy-sidecar was triggered during trading on the Kosdaq on Wednesday after the Kosdaq 150 futures price and the spot index surged. The Korea Exchange disclosed it activated the measure at 1:58:59 p.m., suspending the effectiveness of program buy orders for 5 minutes. At the time of activation, the Kosdaq 150 futures price stood at 1,757.60 points, up 101.90 points, or 6.15 percent, from the previous close.
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AI & Enterprise
Woori Bank launches AI-based inclusive debt diagnosis service
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Finance
Household loans jump 9.3 trillion won in a month as regulators trigger emergency management
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Finance
Woori Investment Securities sole lead manager for Ecopro Indonesia unit 120 billion won fundraising
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Games & Commerce
Pearl Abyss' Crimson Desert tops 6 million in sales, ranks No. 2 in U.S. annual sales
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Games & Commerce
Sam Altman to visit Samsung, Kakao, Naver to discuss expanding AI cooperation
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Industry
China produces photonic chip wafers without ASML equipment, cutting costs to one tenth
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Crypto
XRP slides but whale selling signals subdued as Binance inflows plunge
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Crypto
Dogecoin could enter top five by market cap by end-2026, early developer says
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AI & Enterprise
Korea Lenovo expands AI PC lineup with two new desktops and a laptop
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AI & Enterprise
RSUPPORT offers universities free consulting on RISE and ANCHOR project infrastructure
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Finance
Dcamp to share five startup cases linking financial services on June 24
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AI & Enterprise
MegazoneCloud shares JTBC Golden Disc Awards cloud live-streaming case on tech blog
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AI & Enterprise
Why South Korea's privacy watchdog hit Coupang with a record fine
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Crypto
Anthony Pompliano says bitcoin downside limited; has it formed a bottom?
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Industry
Electrode restoration tech emerges that recovers up to 95 percent of used lithium-ion battery capacity