Search results for ICS
Finance
OK Financial signs definitive deal to buy Yebyeol non-life insurer
OK Financial Group signed a share purchase agreement to acquire Yebyeol Non-Life Insurance and enter the insurance business. With Yebyeol\'s performance worsening, OK Financial expects it will need to inject more than 110 billion won in additional funds and is considering bringing forward planned investment outlays. It plans to prioritise policyholder protection and management normalisation, raise key solvency indicators above regulatory standards, and expand staffing from about 260 to 500 to 600.
AI & Enterprise
Aidnoth launches NOS AI Native Intelligence Foundation
Aidnoth, an AI-native infrastructure technology startup, said on Tuesday it had launched NOS, an enterprise-grade meta-agent operating system it calls an AI Native Intelligence Foundation. The company said NOS runs as an “Agent Mega Factory” solution powered by six core modules covering requirement normalization, legacy integration, CI/CD, infrastructure orchestration, centralized knowledge assets and metering and settlement. It highlighted private beta PoC results including higher development productivity and shorter deployment lead times.
Finance
Financial groups\' M&A race heats up again as insurers are bought in succession
Mergers and acquisitions of insurers by South Korea’s financial groups are picking up again, with Korea Investment Financial Holdings securing preferred bidder status for KDB Life and OK Financial Group proceeding with steps to buy Yebyeol General Insurance. Kyobo Life is pursuing AXA General Insurance, while Shinhan Financial Group is again being mentioned as a possible buyer for Lotte Insurance, which is preparing for sale. Groups are seeking either new entry into insurance or reinforcement of weaker segments.
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Finance
Woori Financial to merge Dongyang Life and ABL Life, aiming to launch 55 trillion won insurer
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Industry
LX Semicon starts mass production of automotive MCU to supply Hyundai, Kia
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Finance
Woori Financial first-half net profit 1.61 trillion won, non-bank contribution rises to 22.3%
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AI & Enterprise
Countries scramble to fortify AI security strategies, with geopolitical clashes too
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AI & Enterprise
SK Shieldus to test control system breach response platform at EcoPro factory
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Industry
Samsung foundry pins hopes on \'AI factory\' turnkey model to chase TSMC
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AI & Enterprise
KISA launches 18 next-generation security projects, selects 50 companies
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Industry
LB Semicon accelerates shift to non-DDI, starts mass production for Renesas
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AI & Enterprise
Security hot issue: Tech firms crowd into cybersecurity market
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AI & Enterprise
SK Shieldus cooperates with TUV SUD on OT/ICS security compliance
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AI & Enterprise
N&N SP\'s control network security monitoring solution nNetNDR V2.0 wins GS certification
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Finance
Shinhan Financial 2025 net profit rises 11.7 percent to 4.97 trillion won
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Industry
Chinese foundries set to launch price cuts, threatening Korean firms\' profitability
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Industry
Semifive, Sapien Semiconductor to develop CMOS backplane technology