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Mobility

BMW to start mass production of all-electric iX5 in U.S. in early 2027

BMW will begin producing the all-electric iX5 SUV early next year at its Spartanburg, South Carolina plant, its first electric-vehicle production outside Germany. The company plans to include the iX5 in the fifth-generation X5 lineup and start mass production in the first quarter of 2027. The new X5 will be offered with up to five powertrain types, with local investment, battery localisation, digitalised manufacturing and humanoid robots supporting production.

AI & Enterprise

KAIST president Lee Kwang-hyung steps down; expands research, education and global cooperation

KAIST said it will hold a farewell ceremony on July 2 at its Daejeon campus for its 17th president, Lee Kwang-hyung (이광형). During his term, KAIST set up a failure research institute, expanded discussion-based classes, and promoted startups under a “one lab, one startup” vision. From 2021 to December 2025, it produced 568 startups, including 24 listed firms, with cumulative enterprise value topping 22 trillion won.

Crypto

EU MiCA rules drive crypto firms\' exodus to Dubai

With the European Union\'s MiCA crypto rules set to take effect on July 1, unlicensed crypto firms and exchanges risk losing eligibility to serve European customers. That has accelerated moves by European crypto companies to consider entering the United Arab Emirates, especially Dubai. Legal consultations on setting up UAE entities and securing licences are rising, with many inquiries from Europe. Major exchanges also face pressure, while licensed rivals offer incentives to attract users.