Korea's antitrust watchdog said Thursday it has begun collecting public opinion on draft guidelines against advertisements exaggerating products' use of artificial intelligence (AI) technologies, a practice known as "AI washing." The Fair Trade Commission (FTC) said it plans to gather opinions through Nov. 11 amid a growing number of products advertising AI features, with some allegedly providing misleading or deceptive information to consumers. "The term AI is used to describe products' advanced technology, accuracy and objectivity, leading consumers to perceive their performance and reliability as relatively superior or to be willing to pay extra," the FTC said. Amid the trend, the watchdog said consumers need to be aware of products advertised as having AI features even though they do not actually use such technologies. The guidelines cover four major categories of potential violations of the Act on Fair Labeling and Advertising and include a self-assessment checklist and frequently asked questions. The FTC cited examples including electric hot-water heating mats, cat litter boxes, pil

An appeals court on Thursday ruled against U.S. private equity firm Lone Star Funds in its suit against the Korean and Seoul city governments to return a combined 168.2 billion won ($125.9 million) in taxes. The Seoul High Court handed down the ruling against Lone Star after the Supreme Court returned the case to the appeals court for review in April last year. The Texas-based firm had earlier filed the suit against the state and the municipality, seeking the return of withheld taxes in connection with profits from its investments in Korea. Lone Star and affiliate firms purchased large shares of Korea Exchange Bank, Kukdong Engineering Construction and Starlease between 2002 and 2005, and made huge profits by selling some of the shares in 2007. They paid smaller taxes than local companies would have, citing the tax treaty that Korea has with Belgium where the company that made the investment was based. The National Tax Service (NTS) levied additional corporate taxes against Lone Star and its entities, offsetting them with withheld taxes. Lone Star then filed a suit seeking cancellation of

LG Electronics is taking its smart factory technology beyond manufacturing and into renewable energy, partnering with Korea Water Resources Corp. to develop artificial intelligence systems for one of the country’s largest power facilities. The companies signed a memorandum of understanding Thursday at Sihwa Lake Tidal Power Plant’s cultural center in Ansan, Gyeonggi Province, to explore AI-driven operations at the facility, which has the world’s largest installed capacity among tidal power plants. The partnership will combine K-water’s power plant operating experience and data with LG Electronics’ expertise in smart factories, digital twins, robotics and AI, the companies said. Under the agreement, they will examine a digital twin-based integrated operating system that creates a virtual model of the plant and incorporates real-time information from generating equipment and surveillance cameras. The system could help forecast electricity output, simulate operating scenarios and diagnose equipment conditions, enabling operators to identify problems and assess performance before m

Orion has expanded production lines for its flagship Custard cream cakes across Korea, Vietnam and India to keep pace with surging domestic and international demand, the company said Thursday. Launched in Korea in 2004, Orion Custard is a soft, individually wrapped sponge cake with a custard cream filling. It has become the company’s second-biggest global pie brand after its flagship Choco Pie. Global sales rose 14 percent last year to 154 billion won ($116 million). China, Vietnam and India accounted for 76 percent of that total, and sales kept growing at a double-digit pace through September this year. The company added a production line in Korea in September and recently began running new lines in Vietnam and India. The expansion lifts Custard’s global production capacity to as much as 300 billion won a year, roughly double last year’s sales. Orion’s global research center at its headquarters in Korea oversees product development for each market. In Vietnam, the company sells flavors including tiramisu, raspberry, egg lava, melon and a reduced-sugar version. There is also a fl

A court on Thursday ruled against Young Poong Corp. in a shareholder derivative lawsuit seeking 837 billion won ($631 million) in damages from Korea Zinc Co. Chairman Choi Yun-beom and other company directors. Young Poong — a major shareholder in Korea Zinc — had filed the suit in November 2024, claiming Korea Zinc's directors had inflicted losses of 837 billion won on the company by making a tender offer involving the purchase of its own shares at 890,000 won apiece, when the actual price was around 560,000 won. The Seoul Central District Court ruled, however, that Korea Zinc's directors could not be deemed to have violated their managerial duties, given the steps they took before making the purchase. It also ruled that the action did not violate the Commercial Act or the company's articles of incorporation.

Nvidia is expanding partnerships with domestic component makers LG Innotek and Samsung Electro-Mechanics, strengthening its supply chain for physical artificial intelligence (AI) applications and next-generation AI infrastructure. LG Innotek unveiled a lineup of sensing solutions incorporating Nvidia's latest Holoscan Sensor Bridge (HSB) technology at the U.S. chipmaker's annual GPU Technology Conference (GTC) in Berlin on Tuesday (local time). The solutions include 3-megapixel camera modules and a multimodal vision system that combines multiple cameras and sensors, targeting applications in physical AI and robotics. Nvidia's HSB technology allows sensor data to be sent directly to AI computers, bypassing the central processing unit and potentially speeding up how robots and autonomous vehicles process information and make decisions. The partnership reflects growing demand for advanced sensing technologies as AI expands beyond software and data centers into physical environments, where machines must perceive and respond to their surroundings in real time. LG Innotek said it plans to expan

Korean cosmetics and other beauty product companies will seek export deals at an annual industry exhibition that opened Thursday in North Chungcheong Province, the provincial government said. The Cosmetics & Beauty Expo Osong Korea 2026 that runs through Saturday is underway in Osong, a district of Cheongju, 83 kilometers south of Seoul. The event aims to connect local companies with international buyers, according to the provincial government. "We will help K-beauty products reach global markets and attract international buyers to North Chungcheong Province, a hub for the industry, to facilitate export deals," Gov. Shin Yong-han said. More than 250 companies are participating in the business-to-business (B2B)-focused event, held under the theme "K-Beauty Osong Seeks Growth Along With Global Partners," the provincial government said. This year's expo, the largest to date, will give local companies opportunities to expand into overseas markets while allowing visitors to experience K-beauty products, Jang Woo-sung, director general of the provincial government's bureau of biologics, food a

Financial authorities said Thursday that they are considering safeguards to address concerns over potential market dominance arising from the merger of Naver Financial and Dunamu. "The Fair Trade Commission (FTC) is currently conducting a thorough review of whether the proposed merger between Naver and Dunamu would restrict competition," the Financial Services Commission said in a written response to Rep. Lee Kang-ill of the ruling Democratic Party of Korea. "Similarly, under the proposed Digital Asset Basic Act, we are considering safeguards to ensure that cryptocurrency exchanges, which serve as critical market infrastructure, maintain their public interest role and neutrality without being subject to undue influence from any particular company or shareholder," it added. Last November, Naver Financial announced plans to make Dunamu a wholly owned subsidiary through a comprehensive share swap. With the deal, Naver Financial aims to tap into new growth opportunities in digital assets. Dunamu would gain foundation to expand beyond its existing cryptocurrency exchange and integrate with Na

Samsung SDI said Thursday that it has signed an agreement with the Korea Foundation for the Advancement of Science and Creativity (KOFAC) and the Korean Chemical Society (KCS) to sponsor Korea’s team for the International Chemistry Olympiad (IChO). The signing ceremony was held at the Korea Science and Technology Center in Seoul and attended by Samsung SDI Vice President and Head of the People Team Kim Hun-kyu, KOFAC President Chung Woo-sung and KCS President Keum Kyo-chang. Beginning in January, Samsung SDI will support the selection and training of Korea’s IChO team, organized by the KCS, as well as the team’s participation in the international competition. The company will also provide scholarships to students who win medals. The sponsorship reflects Samsung SDI’s commitment to nurturing young talent in basic sciences and helping students compete on the global stage, while contributing to Korea’s scientific and technological competitiveness. The IChO is an annual competition in which high school students from around the world test their chemistry knowledge and skills. Korea

Samsung Electronics Executive Chairman Lee Jae-yong visited the Al Dhafra gas-fired power plant construction site in Abu Dhabi, the United Arab Emirates (UAE), on Wednesday (local time) to inspect construction progress and encourage employees working in the Middle East. Lee toured key facilities, checking construction schedules and safety measures, before meeting with executives from Samsung C&T and Samsung E&A to discuss regional market trends, growth strategies and new business opportunities. The Al Dhafra power plant is being built by Samsung C&T in a consortium with local construction firm Trojan General Contracting. It is designed to meet rising electricity demand amid the UAE's industrial growth and is expected to support energy-intensive industries, including artificial intelligence (AI) data centers. Samsung C&T previously demonstrated its construction capabilities through the Barakah nuclear power plant project in the UAE, while Samsung E&A uses the country as a key hub for its Middle East and Africa operations, undertaking projects in refining, gas and petrochemicals. Korea and

Lotte World employees put their emergency response skills to the test Wednesday, competing in rapid firefighting and CPR challenges designed to sharpen their readiness when lives are at stake. The amusement park operator held its 2026 Fire Safety Competition in partnership with the Songpa Fire Station. The annual exercise comes as theme parks and high-density public venues face growing scrutiny over crowds and facility safety, prompting major operators to move beyond routine compliance and build real-time tactical readiness among frontline staff. The competition centered on two core scenarios: rapid initial suppression using indoor hydrants and emergency first aid. In the firefighting challenge, employees simulated an active blaze by quickly connecting hydrant systems, deploying hoses and executing the critical steps needed to contain flames before first responders arrive. The medical segment tested teams on sudden cardiac arrest scenarios. Participants were evaluated on their precision and speed while performing CPR on training mannequins and deploying automated external defibrillators

Daewoo Engineering & Construction (E&C) is expanding artificial intelligence (AI) and digital management systems across its construction sites, deploying translation tools and quality-control software to reduce administrative workloads and improve communication with foreign workers. The construction firm rolled out AI translation and tablet-based training systems across its domestic construction sites last month. Its AI-powered translation system supports 16 languages, converting site managers' spoken Korean instructions into text and speech in foreign workers' native languages in real time. The company said the system recorded 94.6 percent accuracy in Korean speech recognition during preliminary testing. It is designed to reduce communication errors on construction sites, where clear instructions are essential for workplace safety, particularly as the number of foreign workers continues to increase. Daewoo E&C has also introduced a tablet-based system for safety training and related paperwork, such as worker registration, health screenings and training reports. The company is also develop

Combined vehicle sales by Korea's leading automaker Hyundai Motor and its affiliate Kia fell 1.7 percent in Europe last month from a year earlier, amid a lack of new models, industry data showed Thursday. Hyundai and Kia sold a combined 96,258 vehicles in the common market in September, down from 97,907 in the same one-month period in 2025, according to data from the European Automobile Manufacturers' Association (ACEA). "The lack of new models, particularly electric vehicles, in Hyundai Motor's lineup affected its sales performance for the month," a company spokesperson said by phone. Hyundai Motor's sales fell 17.5 percent to 39,821 units from 48,253 a year earlier, while Kia's sales rose 13.7 percent to 56,437 units from 49,654. As emissions regulations in Europe become increasingly stringent, the two automakers are focusing on expanding sales of environmentally friendly vehicles, including the gasoline hybrid and plug-in hybrid versions of Hyundai's Tucson, its all-electric Kona, and Kia's pure electric EV3 and Niro plug-in hybrid. Last month, Hyundai and Kia together accounted for 7.

JB Financial Group is expanding into Central Asia through the planned purchase of two Kyrgyz financial firms, broadening an overseas business portfolio built largely around Southeast Asia, the company said Thursday. JB Woori Capital, its consumer finance subsidiary, has agreed to buy Korky Credit and Korky Leasing from their parent, Epoche. The deal covers all shares in both companies and is expected to close before year-end, subject to regulatory approval and registration in Kyrgyzstan. The acquisitions would give JB Financial a presence in a fifth overseas market. Its existing businesses include commercial banking in Cambodia, microfinance in Myanmar and securities services in Vietnam. The group also secured Indonesian regulatory clearance in September to purchase an 85 percent stake in KB Bukopin Finance, a local financing company. JB Financial’s interest in Kyrgyzstan is driven primarily by the country’s young population and rapid economic growth. About 70 percent of its population is reportedly under 40. Its economy expanded 11.1 percent last year, according to the Internationa

The Korean government has issued a nationwide security alert to businesses and website operators over critical vulnerabilities in PHP, a programming language widely used to build websites and web services, as the flaws spark widespread alarm across the globe amid concerns that they could rank among the most severe software vulnerabilities in history. Experts warned that small and medium-sized enterprises (SMEs) and individual business owners operating websites without dedicated cybersecurity personnel could be particularly vulnerable. They strongly recommended prompt security updates, noting that a vulnerability in one company's website could also affect other businesses whose websites are hosted on the same server. In a statement released Thursday, the Ministry of Science and ICT urged domestic companies and institutions operating PHP-based websites to immediately apply security updates. “The latest PHP vulnerabilities could affect a vast number of websites in Korea. An extremely urgent response is required as exploit code is already publicly available," Deputy Prime Minister and Min

Unitree Robotics is developing a “self-evolving” feedback loop designed to allow humanoid robots to write code, run simulations and improve their real-world performance independently, founder Wang Xingxing said, in a move that mirrors a broader push towards “self-improving” artificial intelligence. Speaking on Thursday at a physical AI conference hosted by Unitree in Hangzhou, Wang unveiled the project, dubbed “Unitree Rehearsal”, which he called the company’s most important initiative of the...

The collaboration adds a new card colour, a ready-to-play deck and rare signed cards from four cast members.

Subscribers will get 80 regular-season games, selected playoff match-ups and NBA Finals games in five seasons, included with their existing subscription.

Pre-order gifts are worth up to S$258, with an additional S$30 discount voucher for online purchases.

A knife-wielding intruder is confronted. A car is lifted to free a trapped victim. A pedestrian is pulled from the path of an oncoming vehicle. The scenes described are not from a Hollywood blockbuster, but a promotional clip for a new “guardian” robot created by the Chinese technology firm Unitree Robotics. The footage for the H2-X model, released on Wednesday, underscores a wider shift in strategy by the Hangzhou-based firm, as it focuses on finding practical, real-world uses for its athletic...

Australian businesses are moving beyond the first wave of workplace artificial intelligence.

A report from a cybersecurity firm estimated that the software flaw had existed undetected for more than a decade, but AI tools helped quickly identify a fix for them.

Meta Platforms was ordered to pay a groundbreaking US$25 billion civil penalty to the state of New Mexico in a consumer deception case spurred by the Cambridge Analytica scandal. The fine issued by state court Judge Francis Mathew is among the largest verdicts issued in US legal history. The award comes after a jury in Santa Fe determined that Meta had violated the state’s consumer protection over 43 million times based on widely viewed deceptive statements made by the company and its top...

As part of OPPO’s new Find X10 series, the Find X10 Pro Max will be joined by the more affordable Find X10 and Find X10E.

Tesla has agreed a deal to integrate Chinese fintech giant Ant Group’s Alipay digital payment software into its vehicles in China, as Elon Musk’s firm steps up efforts to offer localised smart features amid intense competition in the Chinese market. The agreement, signed on Tuesday, will see Tesla roll out an Alipay-powered smart parking service across its Chinese fleet, according to the fintech firm. Neither side revealed a launch date or which car models would receive the feature, though...

The US government’s latest ban on Chinese artificial intelligence start-up DeepSeek could have a chilling effect on the wider American business community and deter companies from adopting low-cost Chinese AI models, industry experts say. The US Department of Homeland Security (DHS) ordered federal civilian agencies to remove DeepSeek products and third-party services built on the Chinese AI model from their IT systems, according to a directive signed in July and published on Monday. The...

Apple’s first foldable is a genuine ‘oh wow’ device. But at $3499, and with many apps not ready for its big screen yet, most people should hold off.

Nvidia CEO Jensen Huang is set to take the stage in Berlin on Wednesday, as the world’s most valuable company faces heightened investor scrutiny over whether the massive artificial intelligence spending boom – the engine behind the chipmaker’s meteoric growth – can deliver long-term returns. The conference agenda focuses on sovereign AI, industrial automation and operational infrastructure – key sectors where Nvidia hopes to drive demand beyond the handful of US tech giants currently dominating...

Chinese artificial intelligence start-up DeepSeek has fully open-sourced an internally developed framework designed to run AI models efficiently, as a senior researcher at the company described the growing divide between open-source and closed-source AI as a battle between “light and darkness”. The company on Tuesday released DeepInfer, an inference framework tailored to support its DeepSeek-V4.1-Flash model on both Nvidia’s SM100 Blackwell graphics processing units (GPUs) and Huawei...

3 days of concerts, anime showcases and fan experiences await from 27 to 29 November.