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Industry
Tesla solar roof faces existential test as company shifts to standard solar panels
Tesla is shifting its residential solar strategy toward standard rooftop panels, pushing its Solar Roof tiles into a lower priority, an EV media outlet reported. Tesla has stopped disclosing Solar Roof installation figures and its new products and production expansion plans appear focused on conventional panels. The Solar Roof missed early targets and faced complaints over service, performance and costs, including a lawsuit over price increases. Recent announcements highlight new panel models and U.S. manufacturing expansion plans.
Games & Commerce
U.S. fashion brand Everlane to be sold to Shein for $100 million amid debt burden
U.S. fashion brand Everlane will be sold to Chinese fast-fashion company Shein for about $100 million, with the deal already approved by both boards, online media outlet Gigazine reported. Everlane, founded in 2011, grew by promoting sustainability and transparency through a direct-to-consumer model. In recent years, slowing growth and weaker profitability increased its financial burden. It had about $90 million in debt as of March and had sought new investors.
People
Korea Exchange to hire 58 entry-level employees
Korea Exchange will begin its 2026 open recruitment process for entry-level employees on May 19, it said on May 18. The exchange plans to hire about 58 regular staff. Applicants will go through a written test and first and second rounds of interviews, with final successful candidates to be announced in September. Recruitment covers five fields: management, economics, law, statistics and IT.
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Industry
SKC wins 1.17 trillion won rights offering to speed glass substrate investment
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Crypto
Bullish case for XRP grows as XRPL tokenised real-world assets top $3.6 billion
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Crypto
Nvidia up 74 percent as Shiba Inu halves in value over a year
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Industry
Lily's new obesity drug retatrutide eyes beyond GLP-1 limits tagged with fatigue
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AI & Enterprise
Cerebras IPO surge focuses Wall Street money on SpaceX and OpenAI
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AI & Enterprise
AI promo posts trigger backlash as Vermont bagel shop hit with one-star reviews
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General News
Bryan Johnson shares 41 anti-ageing rules after spending 3 billion won a year
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Crypto
Wall Street raises gold price targets as Russian retail buying surges
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AI & Enterprise
Canada's Ontario medical AI riddled with errors, audit finds
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People & Appointments
Kakao holds Compliance Awards to honor crews for fair trade, shared growth results
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Games & Commerce
Superfast to invest 11.1 billion won to spot indie games, launch 'super IP' push
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Finance
Korean banks provide 2,100 tailored consulting sessions to 800 small merchants
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Finance
Shinhan Bank to provide 7.5 billion won in guaranteed loans for Incheon mid-to-low credit firms
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AI & Enterprise
Daedong posts 377.7 billion won in Q1 sales, speeds shift to AI farming operations platform
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AI & Enterprise
South Korea science ministry launches 'K-Moonshot' AI humanoid development