Apple CEO John Ternus reportedly wants to launch products faster and more often

Hardwarezone SG - Sep 30, 2026

John Ternus is reportedly restructuring Apple into a leaner, more engineering-focused company while pushing for a faster product and innovation cycle.

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Citi supports Hana Bank's first $100 mil. digital bond issuance

Sep 30, 2026

Citi supports Hana Bank's first $100 mil. digital bond issuance

Citi has supported Hana Bank’s first $100 million digital bond issuance on Euroclear’s Digital Financial Market Infrastructure (D-FMI) platform, serving as issuing and paying agent, the global lender said Wednesday. The transaction marked the first time a Korean bank issued a foreign-currency bond on the platform and settled it on the same day, known as T+0 settlement, according to Citi. The bond also became the first digital bond listed on the Singapore Exchange. Citi coordinated issuance, settlement and delivery of the digitally native notes (DNN) to the dealer for distribution to investors through Euroclear’s settlement bank. The deal adds to Citi’s digital debt business. The lender said it has acted as issuing and paying agent for most transactions completed to date on Euroclear’s D-FMI platform. “Citi’s role in Hana Bank’s landmark issuance reflects the commercial scale we are building in digital debt markets, having supported similar transactions across diverse issuers and markets globally,” said Dirk Jones, head of Issuer Services at Citi Services. “This is a f

Hana Financial, SEMAS launch project to support young business owners

Sep 30, 2026

Hana Financial, SEMAS launch project to support young business owners

Hana Financial Group and the Small Enterprise & Market Service (SEMAS) have launched a joint project to support young owners of small businesses, the financial group said Wednesday. The project, dubbed "Hana On, Youth On," involves 15 teams of young small business owners from across the country. The teams will develop and carry out joint projects aimed at attracting customers and promoting local commercial districts. Hana Financial and SEMAS held a launch event Tuesday in Daejeon, attended by Hana Financial Chairman Ham Young-joo, SEMAS President In Tae-yeon and about 100 self-employed individuals taking part in the project. The initiative follows a memorandum of understanding signed by the two organizations in June to support young entrepreneurs and regional commercial districts. The participating teams will organize joint events and promotional campaigns, improve their business areas and develop other projects based on the needs of their respective local communities. Hana Financial and SEMAS will provide funding, expert consulting and tailored financial support. The project focuses on su

Dunamu seeks to connect S. Korea with global on-chain infrastructure: CEO

Sep 30, 2026

Dunamu seeks to connect S. Korea with global on-chain infrastructure: CEO

The head of Dunamu, Korea's largest virtual asset exchange, said Wednesday his company hopes to connect the country's finances with the global on-chain system, mentioning the comprehensive equity exchange with portal operator Naver Corp. as part of the company's global expansion strategy. Oh Kyoung-suk, chief executive officer (CEO) of Dunamu Inc., made the remarks at the Korea Blockchain Week 2026, an international industry event that kicked off its two-day run in Seoul, adding that connecting Korea with the global market is the company's "next task." "We plan to build a common infrastructure where various financial players can participate," he said. "If the country secures accessibility, connectivity and export possibility (in the digital asset space) it could leap into an important financial hub." To attain such a goal, Oh said his company will start with connecting the Web 3 financial infrastructure with the Web 2 consumer payment platform, possibly referring to Naver Financial Corp., which operates the payment service Naver Pay. Dunamu and Naver Financial decided to merge last year

HS Hyosung Advanced Materials to invest $100 mil. in Vietnam carpet plant

Sep 30, 2026

HS Hyosung Advanced Materials to invest $100 mil. in Vietnam carpet plant

HS Hyosung Advanced Materials will invest $100 million to build a new carpet manufacturing plant in Vietnam, seeking to expand its presence in the global carpet and yarn markets. The company held a groundbreaking ceremony Tuesday at the Tam Thang Industrial Park in Da Nang, Vietnam, for the new facility. The company plans to add 110,000 square meters of land to its existing Quang Nam site, bringing the total area to 500,000 square meters. The site currently houses tire cord and airbag production facilities. The new plant is scheduled to be completed by 2029 and will produce bulk continuous filament (BCF) yarn and carpets for automobiles and commercial buildings. The expansion will significantly increase HS Hyosung Advanced Materials' production capacity in Vietnam and strengthen its competitiveness in the global mobility materials market, the company said. The new facility will establish an integrated yarn-to-carpet production system, covering the entire process from raw material imports and BCF yarn production to processing, tufting, backing and laminating. The company said the integrated

Lotte promotes shared growth with partner firms through practical support

Sep 30, 2026

Lotte promotes shared growth with partner firms through practical support

Lotte Group is carrying out a range of practical measures to promote mutual growth with its partner companies. The group helps ease smaller partners’ financial burden by making payments for supplied goods ahead of major holidays, while supporting their overseas expansion through brand expo events. According to Lotte, the group has been making early payments to partner companies ahead of Korea’s major holidays every year since 2013, as expenses such as employee bonuses and payments for raw materials tend to pile up before the holidays. Before this year’s Chuseok holiday last week, Lotte paid 949.5 billion won ($701 million) to over 12,000 partner companies an average of eight days earlier than scheduled. Twenty-seven Lotte companies participated in the program, including Lotte Department Store, Lotte E&C, Lotte Global Logistics and Lotte Mart. Along with early payments, Lotte has been operating various programs to support partner firms’ sustainable growth. Lotte operates a 1 trillion won Shared Growth Fund to help reduce their interest burden on loans. The group also introduced Sh

Samsung’s One UI 9 rollout begins on Galaxy S26 series (updated)

Sep 30, 2026

Samsung’s One UI 9 rollout begins on Galaxy S26 series (updated)

The Galaxy S26 series will receive the update first, bringing new Galaxy AI tools alongside other quality-of-life improvements.

Sim Lim Square Weekly Price List Downloads (Updated)

Sep 30, 2026

Sim Lim Square Weekly Price List Downloads (Updated)

Sometimes, last-minute in-store shopping might be your best option.

Ugreen’s latest chargers maxes out iPhone 18 Pro series’ 25W wireless charging

Sep 29, 2026

Ugreen’s latest chargers maxes out iPhone 18 Pro series’ 25W wireless charging

Need fast wireless charging at a desk or on the go for your brand-new iPhone 18 Pro and Pro Max? Ugreen just launched three charging solutions for that.

What's holding back innovation among Korean startups?

Sep 29, 2026

What's holding back innovation among Korean startups?

Korea’s largest fashion shopping platform Musinsa is currently under investigation by the Seoul Regional Tax Office over CEO Cho Man-ho’s alleged appropriation of corporate funds for his real estate investment spinoff firm, Lapel. The investigation, which began last month, is being led by Investigation Bureau 4. Unlike other offices that primarily handle regular tax audits, Bureau 4 is known for conducting special investigations that can begin without prior notice and, in serious cases, develop into tax offense investigations, potentially exposing the targets to criminal complaints and significant business risks. The Bureau 4 investigation began while the Fair Trade Commission (FTC) was still investigating Musinsa in a separate case, which concluded earlier this month. The antitrust watchdog looked into whether Musinsa prevented some partner brands from selling through other retail channels in order to secure exclusive sales of their products. The investigation, which began in August 2024, ended with the FTC concluding that the arrangements were part of normal business or marketing

Samsung Group invests $1 bil. in KKR-founded AI infrastructure firm

Sep 29, 2026

Samsung Group invests $1 bil. in KKR-founded AI infrastructure firm

Samsung Electronics and five of its affiliates will invest $1 billion in Helix Digital Infrastructure, an artificial intelligence (AI) infrastructure firm established by global investment firm KKR, as part of their efforts to strengthen their foothold in the broader data center ecosystem. Samsung Group said Tuesday that Samsung Electronics, Samsung C&T, Samsung SDS, Samsung SDI, Samsung Life Insurance and Samsung Fire & Marine Insurance will invest in Helix. Samsung Electronics will contribute $500 million, with the other affiliates investing the remaining $500 million. Helix was established in June as an AI infrastructure company providing integrated services across hyperscale data center development and operation, power generation, power transmission and distribution infrastructure, fiber-optic networks and other network infrastructure. It is led by CEO Adam Selipsky, former CEO of Amazon Web Services. The Samsung affiliates will join KKR, the Kuwait Investment Authority, Nvidia and U.S. power company Vistra as founding investors in Helix. The companies did not disclose details of thei

Korea's overseas direct investment up 32% in Q2

Sep 29, 2026

Korea's overseas direct investment up 32% in Q2

Korea's overseas direct investment rose 32.3 percent in the second quarter of 2026 from a year earlier, data showed Tuesday, led by the financial and communication sectors. Overseas direct investment by Korea totaled $20.52 billion in the April-June period, up from $15.5 billion from the same three month period in 2025, according to the Ministry of Finance and Economy. The figure has posted on-year growth since the third quarter of 2025. By sector, overseas investment in the financial and insurance industry jumped 33.4 percent to $10.48 billion. The finance ministry attributed the increase to Korean businesses' efforts to diversify their global portfolios. Overseas direct investment in manufacturing rose 3.2 percent on-year to $3.57 billion. Investment in the information and communication sector more than tripled to $2.73 billion, the data showed. By destination, investment in the United States rose 53.6 percent to $8.86 billion, followed by Japan at $2.46 billion, sharply up from $300 million a year earlier. Investment in Luxembourg rose 14.2 percent to $1.59 billion, the latest findings sh

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