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10/27
14:05
Chinese AI start-up Moonshot AI apologized on Monday for limiting customers’ use of its latest Kimi K3.1 Pro model, in a botched roll-out that has also invited scrutiny over its promotional practices and cybersecurity measures. The company stated on its X account, "We’re sorry for the rate limits and unnecessary quota consumption on the K3.1 Pro subscription plan," and in a separate Chinese notice, it took responsibility for the issues. Moonshot AI will provide a one-time usage reset, restoring 25% of the monthly quota for all active subscribers. The apology follows three days of user complaints about rate limits after the K3.1 Pro launch. Additionally, Moonshot AI faced allegations over the weekend from global software developers for allegedly offering to pay online influencers to promote its model without disclosing the sponsorship, which would violate social media platform policies and US FTC requirements. Moonshot AI did not address these allegations in its apology.
14:02
The Israeli army has closed all entrances to the West Bank city of Ramallah and set up checkpoints along alternative routes. According to the Palestinian news agency Wafa, the Ein Siniya and Atara checkpoints, as well as the Rawabi, Nabi Saleh, and Aboud gates north of Ramallah, have all been closed.
13:56
NVIDIA announced a $3 billion investment in Meta's stock offering and an expansion of their collaboration on AI model and hardware deployment. NVIDIA stated that Meta will expand its deployment of NVIDIA Vera Rubin, Vera CPU, Spectrum-X, and BlueField-4 products. The two companies will also broaden their cooperation on Muse and the Muse series of models, and consider collaborating on the OpenShell reference architecture and Nvidia Sentry.
13:49
Hana Bank announced Monday it has signed a memorandum of understanding (MOU) with Banyan Tree Club & Spa Seoul to expand its wealth management services beyond finance, targeting ultra-high-net-worth (UHNW) clients with exclusive lifestyle and family programs. The two parties will jointly develop services covering dining, art, culture, and wellness. Hana Bank President Lee Ho-sung attended the signing ceremony.
13:49
Taihan Cable & Solution has further solidified its position in the European high-voltage infrastructure market by securing an EPC (engineering, procurement, and construction) contract for a 380kV underground transmission network in Germany through its Dutch subsidiary. Under the agreement, Taihan Netherlands B.V. will be responsible for engineering, construction, and project management, while its South Korean parent company will supply the high-voltage cables and critical components. The company disclosed on Tuesday that its total order backlog in Europe has now exceeded 500 billion Korean Won.
13:40
Japanese forex trading platform GMO Internet Group has been hit by a cyberattack, with the perpetrators threatening to leak customer data unless a $50 million ransom is paid. GMO Internet Group has stated it will not comply with the hackers' demands. The company has urged customers to scan their PCs for viruses, back up files, disconnect from the network, shut down devices, and unplug cables before the hackers' Tuesday noon deadline. Previously, some customers had reported unauthorized transactions in their accounts.
13:38
Samsung Electronics is expanding its Samsung Wallet Money service in China by introducing QR code payments, allowing Korean users to access WeChat Pay without needing a separate payment setup. The company signed a memorandum of understanding with Tencent and Woori Bank at Tencent's headquarters in Shenzhen, China, on Monday.
13:38
Shinhan Financial Group's net profit for the first nine months increased by 12.7% year-on-year to KRW 5.03 trillion (approximately USD 3.8 billion), achieving its 10% return on equity (ROE) target a year ahead of schedule. As of the end of September, the group's ROE reached 11.9%, up approximately 0.9 percentage points from the same period last year, primarily driven by growth in interest and fee income.
13:32
U.S. artificial intelligence startup Anthropic filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission on Monday, planning to list on Nasdaq as early as November under the ticker "ANT." Anthropic's listing is expected to bring substantial valuation gains to its early investors, including South Korean tech companies, with SK Telecom seen as a primary potential beneficiary.
13:32
The U.S. Embassy in Saudi Arabia reissued a security alert, ordering the departure of non-emergency U.S. government employees and their family members from Saudi Arabia, an order first issued by the U.S. Department of State on October 23. The embassy stated on the X platform that due to recent missile and drone attacks by Iranian-backed Houthi forces on airports, U.S. government employees must obtain special authorization from the Chief of Mission to use any airport within Saudi Arabia. The alert also warned citizens of potential further airport attacks, airspace closures, flight cancellations, and travel disruptions. The statement added that all land border crossings, including the King Fahd Causeway to Bahrain, and all highways and roads in and around Riyadh, Jeddah, and Dhahran remain open.
13:28
Amazon Global Selling Korea, the local arm of Amazon’s cross-border selling business, unveiled new initiatives on Tuesday at Amazon Beauty in Seoul 2026. The company plans to carry out four core projects in 2027 with K-beauty sellers to secure leadership in the global market, aiming to further expand the presence of Korean beauty companies in the US.
13:27
LG Energy Solution has signed a non-binding agreement with Israel's Energix to supply 2 GWh of energy storage systems to Europe and North America over the next two years. LG Energy Solution announced on Tuesday that it has signed a non-binding agreement with Israeli renewable energy developer Energix to supply 2 gigawatt-hours (GWh) of energy storage systems (ESS) to Europe and North America over the next two years. Under the memorandum of understanding signed at LG Energy Solution's headquarters in Yeouido, Seoul, the company plans to supply 1.5 GWh of ESS capacity to Europe and 0.5 GWh to North America within 24 months. Both parties will also explore expanding the total supply volume.
13:24
Israeli Elections: Approximately 3 million Palestinians residing in Gaza, the West Bank, and East Jerusalem are ineligible to vote. West Bank crossings will be closed on election day. Although around 7.3 million voters are eligible, including Palestinian citizens of Israel, Palestinians living in the occupied territories cannot participate in the election. The Israeli army announced that all land crossings in the West Bank will be closed on election day.
13:19
International oil prices fell on Tuesday, with Brent crude futures down 0.87% to $114.80 per barrel and US WTI crude down 0.86% to $100.88 per barrel. The decline was mainly due to diplomatic efforts in the Middle East, as officials from Saudi Arabia, Turkey, Pakistan, and Iran held talks in Tehran on Monday, aiming to de-escalate the US-Iran conflict and broader regional tensions. US President Donald Trump stated on Sunday that he was considering either a deal with Iran or increased military action, and a Qatari representative also traveled to Tehran on Sunday to assist in mediation.

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