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Finance

Korea Investment Securities to expand AI infrastructure finance, teams up with Samil PwC on GPU financing

Korea Investment Securities will expand its finance business targeting AI infrastructure such as graphics processing units (GPUs) and AI data centres through cooperation with Samil PwC. The company said it signed a strategic memorandum of understanding for GPU financing with Samil PwC on Oct. 20. The two sides plan to jointly design investment structures and funding measures from early project stages after analysing asset characteristics, cash flow and capital demand.

Telecommunications & Media

Shinsegae joins CJ, Dowkium consortium to buy JoongAng Ilbo

Shinsegae will participate with CJ Group in the acquisition of JoongAng Ilbo after the Dowkium-CJ consortium was named preferred bidder, industry sources said on Monday. Shinsegae is expected to take a minority stake and become the third-largest shareholder after the deal, they said. The purchase price is put at about 500 billion won, to be financed through a third-party allotted capital increase to support debt repayment and improve finances.

Industry

Tesla proxy reveals SpaceX links, signals picked up for merger preparations

Tesla’s newly released proxy statement for its 2026 annual meeting contains details that have fueled debate over a possible merger with SpaceX. It notes that independent director Ira Ehrenpreis joined SpaceX’s board in February, while CEO Elon Musk’s pay terms could change in a control transaction. Tesla also proposed an automatic voting instruction for retail shareholders on future meetings. The proxy also outlines Tesla’s holdings and revenue linked to SpaceX and xAI.