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Finance
KB Financial starts process to select next chair, final candidate due Sept. 11
KB Financial Group has begun the process to select its next chair. Its chair nomination committee said it will hold at least three meetings and name a single final candidate on Sept. 11. The committee approved detailed rules and cut its long list from 20 to 12 candidates, split evenly between internal and external candidates. It also said it will extend verification and provide external candidates about two months to prepare for interviews.
Industry
Semiconductors, defense, shipbuilding and power equipment to drive South Korean exports in second half
Semiconductors, defense, shipbuilding and power equipment are expected to lead South Korea\'s exports in the second half, with simultaneous strength across the four sectors seen absorbing external shocks despite prolonged Middle East tensions and a surge in Strait of Hormuz shipping rates. The Bank of Korea raised its growth outlook and lifted its inflation forecast, citing strong first-quarter growth and an extended semiconductor cycle. Officials also pointed to broader export gains across industries.
Telecommunications & Media
Tesla really in crisis this time? Bike theft worries over
Tesla has faced speculation about a crisis after sales fell from early 2026, with January sales down 23 percent in Europe and 45 percent in China. Investor Ross Gerber called the Tesla brand a negative asset and urged selling its EV business to Rivian. Tesla scrapped the lifetime purchase option for FSD, limiting it to a $99 monthly subscription, and started producing its Cybercab robotaxi in Texas. A separate section highlights a folding bike lock called Switch 105.
