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Finance

Four major financial groups\' Q1 results split as AI, digital finance spread

South Korea\'s financial sector has entered the first-quarter earnings season, with non-interest income and non-bank units driving diverging results among major financial holding companies. KB Financial Group, Shinhan Financial Group and Hana Financial Group posted record results, while Woori Financial Group recorded a decline. Strong stock markets lifted securities firms\' earnings, and new savings and investment products were launched. The industry is also accelerating a shift toward AI and digital finance, alongside calls for stronger controls and risk management.

Industry

Western Digital completes carbon-free energy transition at 5 manufacturing sites

Western Digital is pursuing an energy strategy aimed at sustainability as AI storage demand accelerates, it said on April 23, publishing its FY2025 sustainability report. It said it now runs five manufacturing sites on 100 percent carbon-free energy and raised renewable energy use across global manufacturing to 66 percent. It also reported lower emissions intensity in product use, new supply-chain targets, and progress on recycled materials and rare-earth recovery.

Telecommunications & Media

Three tests facing next Apple CEO John Ternus: AI, lawsuits, geopolitics

Apple will replace Tim Cook as CEO on Sept. 1, appointing Senior Vice President of Hardware Engineering John Ternus. Cook will become chairman. The shift marks Apple’s second leadership change since Steve Jobs. The company faces pressure to reset its AI strategy, legal challenges over the App Store and antitrust cases, and ongoing geopolitical risks tied to supply-chain dependence on China. Analysts also point to opportunities in AI-focused devices and new hardware.