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Mobility

China and Thailand lead EV war as Japan and U.S. lag, analysis says

China and Thailand are moving ahead in reshaping the global auto industry by using domestic electric vehicle rollout policies to build export competitiveness, an analysis said. The key is the pace of electrification at home rather than export results alone. China’s plans target a sharp rise in new energy vehicles on its roads, supporting scale, learning effects and supply chains. Thailand is adjusting incentives toward export compensation as it becomes an EV export base.

Finance

Sh Suhyup Bank posts 70 trillion won in assets in first half, 203.4 billion won pre-tax profit

Sh Suhyup Bank recorded total assets of 70 trillion won in the first half of this year and pre-tax net profit of 203.4 billion won. The bank said assets rose 6.7 trillion won from the end of last year, while pre-tax profit increased 7.0 billion won from a year earlier. It plans to strengthen loan asset quality and internal controls in the second half and pursue commercialization of new business ideas proposed by employees.

AI & Enterprise

KCC Information & Communication signs Kaspersky distribution deal to target EDR, OT and Linux server security

KCC Information & Communication said on July 27 it signed a distribution agreement with global cybersecurity company Kaspersky and will move to target the domestic corporate market. It said the deal will expand its portfolio beyond endpoint security to include endpoint detection and response, operational technology security and Linux server security. The company plans to step up proposals for its EDR-Optimum offering and strengthen OT security proposals for both IT and factory environments.