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Industry
Semiconductor boom feeds into spending; Icheon buys homes, Cheongju raises outlays
The semiconductor boom is beginning to translate into consumption through wages, the Bank of Korea said. After bonus payouts at Samsung Electronics and SK Hynix, consumption in chip-exposed areas such as Icheon, Hwaseong and Cheongju was up to 4 percent higher than in non-exposed regions. The central bank said the spillover differs by region, with Icheon residents likely directing extra income to home purchases while Cheongju showed stronger spending.
AI & Enterprise
Musk says SpaceX to cast key gas turbine parts to ease AI power bottlenecks
Elon Musk says SpaceX will directly cast key gas turbine components to reduce power-supply bottlenecks for AI infrastructure. A secret foundry in Bastrop, Texas is known as a facility to make turbine blades and vanes. Musk says solar capacity is being built rapidly at SpaceX and Tesla, but natural gas will be needed for several years. The move comes as data centres face constraints from power grids and turbine supply limits, amid rising concerns over air pollution and health impacts.
AI & Enterprise
AI trained on discarded human skin after surgery finds new cosmetic ingredients, bio startup says
A platform that keeps human skin discarded after surgery alive outside the body for up to a month and uses it to train AI models has been unveiled. Outer Bioscience has built a closed research system combining living human skin data with AI to identify new cosmetic ingredients. The company sources de-identified tissue through biobank networks, tests AI-predicted chemicals on living skin and feeds results back into its models. It focuses on commercialising cosmetic ingredients through safety testing and licensing.
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AI & Enterprise
Amazon analysis finds 63% of religion and faith books suspected of being AI-written
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AI & Enterprise
Rockwell Automation Korea appoints Kim Nak-hyun as new president
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Finance
Korea Investment Trust Management to list strategic industries ETF
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Industry
Lotte Chemical posts 110.1 billion won Q2 operating profit, returns to profit year on year
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AI & Enterprise
RLWRLD partners with three South Korean robotics, simulation firms on physical AI
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Industry
Hanwha Solutions Q2 operating profit 306.5 billion won, up 200 percent on year
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AI & Enterprise
LG CNS joins global AI materials alliance, backs AX for South Korean firms
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AI & Enterprise
AI boom lifts Japan\'s Toto, Nittobo and Ajinomoto shares
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Industry
Hanwha Solutions sells U.S. venture investment fund for $84.3 million to boost liquidity
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Industry
Zeiss opens semiconductor innovation center in Yongin
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Industry
LG Electronics targets global market with heat pump technology
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AI & Enterprise
AVEVA appoints Park Ki-beom as head of South Korea unit
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Finance
BNK Financial forms 50 billion won productive finance strategic fund
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AI & Enterprise
Emro to build Kolon Industries next-generation procurement portal, to finish in second half
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Industry
Lotte Chemicals group diversifies semiconductor materials supply chain, breaks ground on Handuk Chemical Pyeongtaek plant