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Finance
Sh Suhyup Bank to launch beauty savings product with Amore Mall, offering up to 4.3 percent interest
Sh Suhyup Bank is teaming up with AmorePacific to launch a lifestyle savings product combining finance and K-beauty. Customers who sign up will receive discounts and coupons usable at AmorePacific’s official online store, Amore Mall, along with an interest rate of up to 4.3 percent a year. The product will be sold from June 1 to Sept. 30, with a limit of 10,000 accounts and early termination if the cap is reached.
Mobility
Fisker EV owners reverse-engineer software after bankruptcy
Owners of Fisker electric vehicles are reverse-engineering software and developing open-source tools to keep their cars running after the company went bankrupt. Fisker Ocean owners have set up a nonprofit, the Fisker Owners Association, to coordinate maintenance and repairs. They are hiring independent experts, sharing firmware and repair know-how and jointly buying parts. The group is also pressing U.S. regulators on recall obligations and discussing insurance coverage.
Crypto
Bitcoin Depot halts ATM business after losing fee edge and facing regulatory burden
Bitcoin Depot, North America\'s largest bitcoin ATM operator, has halted its cryptocurrency ATM network after seeking bankruptcy protection in the United States. It filed for Chapter 11 in a Texas bankruptcy court and plans to pursue asset sales under court supervision. The company said financial performance deteriorated sharply, pressured by cheaper regulated apps, high costs to maintain more than 9,000 machines and stricter state-by-state rules. Fraud-related allegations and enforcement actions in Massachusetts and Connecticut also added to the strain.
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AI & Enterprise
Intel Core i9-14900KF breaks 9.2 GHz barrier to set world record CPU clock
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AI & Enterprise
Mark Cuban proposes federal AI token tax, says it could boost efficiency and revenue
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Mobility
EV battery prices fall but insurance premiums surge, becoming a hurdle to adoption
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Crypto
Kraken cuts 150 jobs citing AI efficiency, IPO likely pushed to 2027
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AI & Enterprise
China\'s telecom carriers usher in era of AI token pricing plans
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Finance
Danal partners World K-Pop Center to build K-pop payment ecosystem for foreigners
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General News
Coupang urges voting in June 3 local elections, seeks days off for 18,000 delivery drivers
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Industry
Solu M enters North American automotive electronics supply chain via Mexico unit
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Finance
Mirae Asset Management publishes guidebook for single-stock leverage investing
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AI & Enterprise
SelectStar debuts Datumo AI reliability assessment platform in Japan
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Games & Commerce
Kakao management, labour agree to extend mediation, postponing risk of first head office strike
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Finance
Samsung Electronics, SK Hynix leveraged ETF launch nears as fee war begins
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Industry
IT device shrinkflation intensifies as prices rise and capacity halves
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Finance
KOSPI enters pause as financial sector faces pressure for inclusive finance
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Games & Commerce
NHN and Neowiz hold up in Q1 on web board games