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Industry
Lotte Chemical posts 73.5 billion won Q1 operating profit, swings to profit
Lotte Chemical said on May 11 it posted first-quarter sales of 4.99 trillion won and an operating profit of 73.5 billion won, swinging to a profit from a year earlier. Net profit came to 33.5 billion won. The company said it improved profitability through more agile feedstock sourcing and flexible operating rate adjustments despite rising raw material prices and increased geopolitical risks in the Middle East.
AI & Enterprise
Samsung SDS consortium selected as operator for national AI computing centre project
South Korea's Ministry of Science and ICT on May 11 finalised the Samsung SDS consortium as the private participant in a national AI computing centre construction project. The consortium includes Samsung SDS, Naver Cloud, Samsung C&T, Kakao, Samsung Electronics, Clush, KT, South Jeolla Province and Seonamhaean Enterprise City Development. The ministry signed agreements to confirm the operator and plan and to set up a special purpose company. Initial funding totals 400 billion won, with a longer-term buildout of 2.5 trillion won.
AI & Enterprise
SKT kicks off manufacturing innovation with digital twin-based 'physical AI'
SK Telecom is introducing “physical AI” that combines digital twins and robot training to ease difficulties in applying AI at manufacturing sites, citing complexity and a lack of validation environments. The company said it recreates real processes in a virtual environment, tests multiple scenarios and applies the results in the field. Its digital twin platform is built on Nvidia’s Omniverse, enabling simulations in a precise 3D virtual space.
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AI & Enterprise
Korea Fujifilm BI launches Revoria Press PC2120 colour digital press with AI features
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AI & Enterprise
SK Shieldus runs generative AI security training program for practitioners
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Finance
KOSPI settles above 7,800; buy sidecar triggered on semiconductor rally
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Crypto
EU to roll out single anti-money laundering rulebook in 2027; banks, fintech and crypto firms face changes
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AI & Enterprise
LG Uplus expands AI road hazard monitoring system to Yongin
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AI & Enterprise
Govt asks Anthropic to share info ahead of vulnerability disclosure
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AI & Enterprise
Jensen Huang says now is best time to start career amid AI job fears
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AI & Enterprise
K-AI models expand industrial use in calling, translation and mobility
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Finance
South Korea tax agency launches special tax probe into Meritz Securities over alleged tax evasion
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Games & Commerce
Kurly Q1 operating profit up 1,277 percent, steps up IPO roadmap
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Finance
Bitget launches Scan to Pay in emerging markets to expand stablecoin payments
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AI & Enterprise
Hiring AI shows bias, gives edge to resumes written by same model
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Industry
Even perfect resume and interview can fail: Duolingo's 'taxi driver test'
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AI & Enterprise
Deepclaude keeps Claude Code experience, cuts model costs to one-seventeenth
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AI & Enterprise
AI fact-checking can strain ties with professionals, study finds