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Industry
Shinsegae chairman Chung Yong-jin apologises to public over Starbucks controversy
Chung Yong-jin (정용진), chairman of Shinsegae Group, issued a public apology over a Starbucks Korea marketing controversy. He apologised to families of the May 18 Democratic Uprising, the family of activist Park Jong-chul, citizens of Gwangju and the public. Shinsegae had already dismissed Starbucks Korea CEO Son Jeong-hyeon and an executive. Chung said he would accept full responsibility, order an investigation and disclose results, overhaul marketing reviews across affiliates and conduct history and ethics training for staff.
Industry
Car AI boom but little money? Only 18 percent of features generate revenue
Automakers are accelerating the rollout of artificial intelligence features, but cases that translate into real revenue remain limited, an analysis showed. A live survey at an SBD Automotive webinar found most participants said only about 18 percent of current in-car AI features generate profit. Industry speakers pointed to rising cloud computing costs as usage grows, making profitability management a key task. Consumer use is increasing, but trust and bias concerns remain.
Crypto
Bitcoin demand weakest in 2026, raising price pressure
Bitcoin demand has fallen to its weakest level in 2026, raising doubts about whether the recent price rebound can last. Apparent demand slipped to around minus 147,000 BTC, the lowest since December 2025, while prices recovered from last week’s dip. CryptoQuant analyst Darkfost said the measure reflects whether long-term holders absorb newly issued supply. He said the rebound may be driven more by derivatives than spot buying.
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AI & Enterprise
Chinese investors boost bets on AI and semiconductors despite economic slowdown
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Industry
LG Electronics expands training for heat pump engineers in South Korea
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Crypto
Bitcoin June outlook at crossroads: rebound to $90,000 or retest of $74,400
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Games & Commerce
EU targets Google over search traffic steering, record DMA fine expected
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Industry
Second KMSL Medical League ends with Chung-Ang University pharmacy win, Seoul National University medicine runner-up
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Crypto
Bitcoin demand slows, selling pressure grows, raising risk of drop to $72,000
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AI & Enterprise
ECB urgently calls euro zone banks to discuss 'Mythos shock'
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Crypto
Bitcoin tries to rebound on U.S.-Iran peace deal hopes; five key variables
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AI & Enterprise
AI boom may be built on fake revenue, warning signs flash for big tech 'AI bubble'
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Crypto
Ripple's former CTO mocks lawsuit seeking ownership of dormant bitcoin wallets, including ones linked to Satoshi
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Crypto
XRP exchange outflows surge 300 percent, can it stem bearish chart signal
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Crypto
Hyperliquid token HYPE surges to record high on three buying engines
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Games & Commerce
Nintendo asks suppliers to produce 20 million Switch 2 units, 20 percent above sales forecast
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AI & Enterprise
DeepSeek cuts V4 Pro prices 75 percent, widening cost gap with U.S. top-tier models
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Crypto
Whales add 47,000 bitcoin as retail investors turn fearful, supply-demand divide widens