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10/13
14:31
South Korea's Financial Services Commission (FSC) confirmed it will relocate to Sejong City in the second half of 2027.
South Korea's top financial policymaker, the Financial Services Commission (FSC), will relocate from Seoul to Sejong City in the second half of 2027. The move is part of the government's decentralization plan, despite industry concerns that it could weaken regulation and lead to a brain drain. The FSC was not included in the first list of central government agencies slated for relocation, announced last month, but was added to the second list released on Tuesday.
14:20
Shinhan Financial Group to acquire Lotte Insurance for $516 million
Shinhan Financial Group has signed an agreement to acquire a 77.04% stake in Lotte Insurance from private equity firm JKL Partners for 693.3 billion won ($516 million). Following regulatory approval, Shinhan plans to acquire the remaining shares and merge Lotte Insurance with its existing non-life insurance subsidiary, significantly expanding its presence in Korea's non-life insurance market.
14:17
South Korea to Establish Chip Policy Office to Accelerate 800 Trillion Won Investment and Strengthen Industry Competitiveness
The South Korean government will establish a dedicated semiconductor policy office next week to accelerate 800 trillion won in chip investments and enhance the country's industrial competitiveness in the global chip race. The office, to be housed under the Ministry of Trade, Industry and Energy, will oversee semiconductor policies, coordinate large-scale investments, and implement new industrial support legislation.
14:15
Renault Group plans to launch its first electric vehicle in South Korea in 2028.
French automaker Renault Group plans to launch a South Korean-made electric vehicle (EV) in 2028, equipped with advanced driver-assistance technology. This move aims to accelerate its electrification process and boost exports from its Busan plant. Renault executives revealed this information during an interview with South Korean reporters at the 2026 Paris Motor Show, adding that the company will first introduce a hybrid model in 2027.
14:12
IMF: Middle East and Central Asia Economies Expected to Contract by 0.3% in 2026 Due to US-Israel War Against Iran
The International Monetary Fund (IMF) on Tuesday released its latest economic outlook, projecting the Middle East and Central Asia region's economy to contract by 0.3% in 2026, a significant downgrade from the 1.9% growth forecast in April. The IMF attributed the downward revision to the US-Israel war against Iran and the resulting prolonged disruption of shipping in the Strait of Hormuz. Among the affected countries, Kuwait, Iraq, Qatar, and Bahrain are expected to see their GDP shrink by 16.7%, 16%, 15.6%, and 11.3% respectively, while Iran's economy is projected to contract by 7.6%. The region is set to be the only one globally to experience negative growth in 2026.
14:11
As the Israeli elections approach, Donald Trump has not explicitly endorsed Benjamin Netanyahu.
Donald Trump has not publicly endorsed Benjamin Netanyahu ahead of Israel's October 27 election, despite their long-standing close relationship, Al Jazeera reported. Analysts suggest Trump's "cool" stance may be influenced by shifting political winds in both the US and Israel, as well as the evolving relationship between the two leaders.
14:09
Hyundai Motor Group Executive Chair Chung Euisun aims to transform the company into a physical AI powerhouse
Hyundai Motor Group Executive Chair Chung Euisun, who took the helm six years ago, is now steering the South Korean automotive giant beyond traditional vehicles towards physical AI. This initiative is described as his next major task, following a period of expanding electric and hybrid lineups, strengthening the Genesis luxury brand, and boosting profitability.
14:02
Haidilao to provide founder Zhang Yong $14.9M loan, fueling China tax speculation ahead of offshore trust deadline
Haidilao International Holding has agreed to provide its founder, Zhang Yong, with a one-month loan of up to the Hong Kong dollar equivalent of 100 million yuan (US$14.9 million), according to a stock exchange filing on Monday night. The Hong Kong-listed hotpot chain will fund the loan from internal resources and charge interest at 0.6 percentage points above the one-month Hong Kong interbank offered rate. This move has raised market speculation as investors closely watch Beijing’s October 22 deadline for offshore trust taxation. The company stated the funds are for Zhang Yong's personal financial arrangements and cannot be used for Haidilao share purchases or third-party loans.
13:59
South Korea's KAIST unveils physics AI strategy, focusing on technology usable across robots and industries.
KAIST (Korea Advanced Institute of Science and Technology) announced its physical AI strategy, focusing on technology usable across robots and industries, rather than developing humanoid robots as standalone machines. KAIST President Bae Choong-sik wore an AI-powered exoskeleton during a demonstration on Tuesday, which tracked his leg strength, balance, and gait via sensors, allowing AI to analyze his physical condition.
13:59
Samsung Electronics unveiled its next-generation AI data center memory strategy, including HBM5 and PIM technologies, at the OCP Summit.
Samsung Electronics on Tuesday outlined plans to enhance AI data center performance through faster memory, expanded capacity, and more efficient storage at the Open Compute Project Global Summit 2026 in San Jose, California. The company showcased its latest high-bandwidth memory, including 8th-generation HBM5, custom HBM solutions, and Processing-in-Memory (PIM) technology designed to accelerate data processing and improve energy efficiency.
13:43
Lookonchain: A mysterious whale made $29.75M profit from 15 trades on Hyperliquid, now holding a $60.7M ETH long with $2.6M unrealized profit.
13:42
Ripple-backed Evernorth shares fell 1.05% on its Nasdaq debut, while XRP underperformed with a 3% decline during the same period.
Ripple-backed Evernorth Holdings (NASDAQ: XRPN), the largest publicly traded company by XRP treasury, began trading on Nasdaq on October 12. It opened at $19.38 and closed at $16.91 on its first day, down 1.05%. The company previously completed its business combination with Armada Acquisition Corp. II on October 9. Evernorth currently holds approximately 473 million XRP tokens, valued at about $648 million at current prices, and announced it received approximately $300 million in gross cash proceeds. Despite the highly anticipated Evernorth listing, XRP has fallen 3% in the past 24 hours to $1.37, with a market capitalization of approximately $86.4 billion. This performance lags behind Bitcoin, which fell 1% in the same period, Ethereum, which fell 0.5%, and the overall crypto market's 2.8% decline.
13:37
Kakao unveils AI assistant for its flagship messaging app KakaoTalk, aiming to transform it into a platform for everyday tasks like schedule management, shopping, and reservations.
13:29
Asian chip stocks' plunge triggers $800M tokenized bet liquidations, SanDisk liquidations exceed XRP
Within the past 24 hours, approximately $803 million in leveraged positions were liquidated on crypto exchanges, with 86% being long positions. Tokenized chip stock contracts suffered heavy losses due to a plunge in Asian chip stocks. Tokenized bets on the U.S. memory chip manufacturer SanDisk saw liquidations totaling $19.09 million, surpassing XRP's $18.78 million. The KOSPI index fell over 6%, and Bitcoin briefly dropped to $81,000.
13:26
Novo Nordisk seeks national health insurance coverage for Wegovy in Korea
Novo Nordisk Korea has applied to the Health Insurance Review and Assessment Service for reimbursement of its obesity drug Wegovy, pharmaceutical industry sources said Tuesday. This move aims to significantly lower treatment costs and intensify competition in Korea's obesity drug market, where it seeks to regain ground against Eli Lilly's market-leading Mounjaro and Hanmi Pharmaceutical's upcoming homegrown rival, Eppe.
13:21
Data Center Operator AirTrunk Is Said to Delay $1.5 Billion IPO
Data center operator AirTrunk is delaying a planned initial public offering until next year, as higher interest rates and market volatility temper investor demand, according to people familiar with the matter.
13:17
BBC Analysis: US Midterm Elections to Determine Trump's Remaining Two Years, Republicans Hold Slim Majority in House
BBC analysis indicates that the US midterm elections will be held on November 3, electing all 435 seats in the House of Representatives and approximately one-third of the seats in the Senate. Currently, the Republican Party controls the House with a slim majority of 218 seats, while leading in the Senate with 53 seats. The analysis suggests that President Donald Trump's current approval rating is around 37%, significantly lower than 43% at the same point in his first term, which provides an opportunity for the Democratic Party to regain control of Congress. In terms of campaign funding, the Republican Party and its allies possess over $600 million in cash, while the Democratic Party has slightly less than $400 million. Additionally, Donald Trump's MAGA Inc organization holds over $400 million. Key issues for voters include the cost of living crisis, healthcare, and immigration. The BBC also noted that Donald Trump's previous airstrikes on Iran led to a surge in gasoline prices, exacerbating cost of living pressures.
13:16
Ukraine's former Commander-in-Chief Syrsky told the BBC that Russia's offensive capabilities have been broken.
Former Ukrainian Commander-in-Chief Oleksandr Syrskyi stated in an interview with the BBC that Ukraine has stabilized the front lines and "broken Russia's ability to advance" by inflicting heavy casualties on Russian soldiers. This was his first interview since being dismissed this summer. Syrskyi also claimed that Russia's total losses in the war are six times higher than Ukraine's, and if only fatalities are counted, the ratio rises to 11 times. He believes that this disparity in casualties, technological advancements, and the strategy of attacking Russian weaknesses while containing their advances in other areas are the reasons for the current front-line stalemate. He also revealed that Russia occupied only 61 square kilometers in the first half of 2026, indicating that the front lines have stabilized.
13:15
Musk reposted a tweet: Starlink Mini successfully rescued five people in distress at sea.
A vessel named "Magic Bus" sank in a storm off the coast of North Carolina. The captain used Starlink Mini to connect to a mobile phone and successfully called the U.S. Coast Guard, ultimately leading to the rescue of all five people on board.
13:14
Former UK Prime Minister Rishi Sunak stated on Tuesday that the US-led global order has ended, and the world has entered a period of high geopolitical uncertainty, with Donald Trump being a "symptom" of this disintegration.
13:11
France's ecosystem deploys agentic computing at scale with NVIDIA across diverse industries
French companies are deploying agentic computing across various sectors, including space, financial services, the public sector, and scientific research, leveraging NVIDIA technology. Bull plans to extend its European AI server production to NVIDIA Vera Rubin Ultra NVL72 systems by 2028. Additionally, the Altair-1 satellite, part of a $1 billion, 50-satellite constellation, has launched with NVIDIA Jetson AGX Orin edge modules running Mistral's models for autonomous operations. NVIDIA Nemotron open models are also in production, with Twake.ai (built on Nemotron) becoming the sovereign digital workplace for over 2,500 French public organizations. In financial services, SBS is launching a sovereign platform with NVIDIA to enable banks to deploy generative and agentic services. L'Oréal is using the NVIDIA ALCHEMI Toolkit to accelerate cosmetic formulation discovery, targeting up to 100x faster results. ThinkDeep and Akila have built a digital-twin agent powered by NVIDIA Cosmos and Nemotron, managing infrastructure in Côte-d'Or and cutting operating costs by 10%.
13:10
Shinhan Financial Group became the first Korean financial group to establish a holding company in Indonesia.
Shinhan Financial Group announced on Tuesday that it has become the first Korean financial group to establish a holding company in Indonesia. By converting Shinhan Bank Indonesia into an operating holding company, it has formed Shinhan Financial Group Indonesia, aiming to strengthen its foothold in Southeast Asia's largest economy. The bank has acquired a controlling stake of 50% plus one share in both Shinhan Indo Finance and Shinhan Sekuritas Indonesia, integrating its banking, finance, and securities businesses.
13:10
HD Hyundai and Siemens open joint research center in Busan to accelerate smart shipbuilding with AI and virtual shipyard tech
13:09
Jeffrey Cho, an executive at LG Innotek, was awarded the Silver Tower Order of Industrial Service Merit for his contributions to manufacturing innovation and exports.
LG Innotek announced on Tuesday that Jeffrey Cho, its Senior Vice President and Head of the Packaging Solution Business Unit, was awarded the Silver Tower Order of Industrial Service Merit at the 21st Electronics and IT Day ceremony in Seoul. The honor recognizes his contributions to manufacturing innovation, equipment localization, and export growth. LG Innotek's cumulative exports reached nearly 80 trillion Korean won (approximately $56 billion) between 2021 and 2025.
13:07
Anthropic reports 90-99% reduction in illicit data extraction from its AI models
In a separate announcement on Monday, Anthropic, the creator of the Claude family of AI models, stated it had made substantial progress preventing "distillation attacks." These attacks involve the unsanctioned use of cutting-edge AI to train cheaper, less capable models. The San Francisco-based firm, which has accused Chinese competitors DeepSeek, Moonshot, and MiniMax of "industrial-scale" efforts to copy Claude, said the measures it introduced had reduced the illicit extraction of data by 90-99 percent.
13:07
Anthropic researchers warn small AI models could self-replicate on home devices within 'months'
Researchers at AI giant Anthropic stated in a report released on Monday that small artificial intelligence models may be months away from being capable of self-replicating on everyday consumer products like smart TVs and fridges, without needing a data centre. The company's frontier red team, which conducted experiments with multiple US- and Chinese-developed AI models, noted that such self-replicating AI would be "challenging to shut down" due to the lack of a centralised host. Experts described these findings as a significant development, highlighting that an AI worm could reason about unfamiliar devices, adapt when approaches fail, and spread without human operators.
12:58
Brokerage technology startup Alpaca is set to enter prime brokerage, driven by tokenized stocks.
Brokerage technology startup Alpaca is preparing to enter a Wall Street business long dominated by large banks: providing trading financing to hedge funds and other large investment firms, a move fueled by tokenized stocks, as cryptocurrency platforms venture into stock trading.
12:53
CC (Canton) surged 6.24% in the past 4 hours, now trading at $0.1236.
12:53
ADA (Cardano) surged 6% in a short-term rally within 4 hours, now trading at $0.2384.
12:47
Hyundai's Atlas features four fingers, Tesla's Optimus five, driven by distinct market strategies
Hyundai Motor Group's Boston Dynamics has opted for a four-finger design for its electric Atlas humanoid robot, believing it reduces cost and complexity without sacrificing industrial work benefits. In contrast, Tesla's Optimus humanoid robot has five fingers, aiming for humanlike dexterity. These contrasting designs reflect the companies' differing bets on the future of the humanoid robot market.

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