China approves Alibaba AI models for use in iPhone Duo and other Apple handsets

South China Morning Post - Oct 14, 2026

China has granted approval for Alibaba Group Holding’s artificial intelligence models to be integrated into several Apple handsets, including the new iPhone Duo, in the Chinese market, clearing a key regulatory hurdle for the long-delayed launch of Apple Intelligence in the country. Updated network access permits for the iPhone Duo, iPhone 18 Pro and several earlier Apple models from China’s Ministry of Industry and Information Technology now include three approved AI systems: Apple Intelligence...

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LG Electronics emerges as Apple's home AI ally

Oct 14, 2026

LG Electronics emerges as Apple's home AI ally

LG Electronics has built an alliance with Apple in the home artificial intelligence (AI) sector, unveiling a range of internet of things (IoT) devices that will be integrated into Apple's ecosystem. The two companies’ partnership is now extending into the home appliance sector, evolving from component supplies and service integration to jointly developing finished products. For LG Electronics, the collaboration provides access to Apple’s global ecosystem, while Apple can leverage LG’s expertise in home appliances to strengthen its presence in the smart home market. LG Electronics and Apple jointly held a new product showcase in Manhattan, New York, Tuesday (local time), unveiling seven IoT devices. LG Electronics North America CEO Kwack Do-yeong, LG Electronics Home Appliance Solution Platform Business Center Head Jung Ki-hyun and Apple Vice President of Hardware Engineering Matthew Costello attended the event. Dubbed as smart home accessories, the devices include indoor and outdoor cameras, a video doorbell, a smart lock, a smart thermostat and a temperature sensor. They were co-

AI-driven cyberattacks hit 16 financial firms, expose 100,000 records

Oct 14, 2026

AI-driven cyberattacks hit 16 financial firms, expose 100,000 records

The number of financial firms affected by suspected artificial intelligence (AI) agent-driven cyberattacks has risen to 16, more than double the seven initially reported, financial regulators said Wednesday. About 100,000 records containing personal information, including resident registration numbers, were exposed. The tally could rise as companies continue checking their systems for signs of intrusion. Regulators also found security deficiencies at 130 of the 555 financial firms reviewed, including failures to apply the latest security patches. The Financial Services Commission (FSC) disclosed the findings at an emergency response meeting. It said the breaches, reported since the beginning of this month, have affected banks, savings banks, credit finance companies, electronic payment providers and cryptocurrency businesses. The affected firms include four banks — Shinhan, KB Kookmin, BNK Busan and Hana — and four savings banks — Yegaram, Welcome, DB and OK. Hyundai Capital and KDB Capital are among the affected credit finance companies. Others on the list include online investment

[PHOTO] Next-generation memory architecture

Oct 14, 2026

[PHOTO] Next-generation memory architecture

Visitors take photos of mockups of zHBM and zNAND-O, 3D architecture for advanced DRAM and NAND memory chips, at Samsung Electronics' booth for the SEDEX 2026 semiconductor exhibition at Coex in southern Seoul, Wednesday. Along with Samsung Electronics, SK hynix and 300 other companies in the semiconductor supply chain are participating in the exhibition, which runs through Friday. Yonhap

LIG D&A, Firehawk to co-develop Poniard rocket system

Oct 14, 2026

LIG D&A, Firehawk to co-develop Poniard rocket system

LIG Defense & Aerospace (LIG D&A) has partnered with U.S. defense technology company Firehawk to develop a propulsion system for its Poniard guided rocket, as the Korean defense company seeks to expand its presence in the U.S. market. The two companies signed a teaming agreement Tuesday (local time) in Washington, D.C., to jointly develop propulsion technology for the 2.75-inch guided rocket system, known as "Bigung" in Korean. Under the agreement, the companies will work together on propulsion system development, with plans to expand the partnership into mass production, further technical cooperation and joint marketing targeting the U.S. government. Firehawk specializes in advanced energetics and propulsion technologies. The company has developed a thermoplastic manufacturing platform designed to overcome material and production limitations associated with conventional rocket propulsion manufacturing. Its technology can be applied across the production process, from propellant and rocket motors to complete munitions. The partnership is expected to support LIG D&A's efforts to localize

Hyundai Motor India opens Pune plant, marks 30 years in country

Oct 14, 2026

Hyundai Motor India opens Pune plant, marks 30 years in country

Hyundai Motor India inaugurated a new smart manufacturing plant in Talegaon, Pune, Maharashtra, on Wednesday, marking 30 years of operations in India as Hyundai Motor Group expands investment to strengthen the country’s role in its global production and export network. The facility will initially have an annual production capacity of 170,000 vehicles, with plans to increase it to 320,000 by 2030. The opening comes as the group plans to invest $15.5 billion in India from 2026 through 2032 to expand manufacturing, research and development, supplier networks and future mobility businesses. “India remains one of Hyundai's most important and strategic markets globally. The inauguration of the Pune plant reflects our long-term commitment to India's growth and our confidence in its bright future,” Hyundai Motor Group Executive Chair Chung Euisun said. The plant's opening was marked in a ceremony by Maharashtra Chief Minister Devendra Fadnavis, alongside Korean Ambassador to India Lee Seong-ho, state deputy chief ministers and senior Hyundai executives. The Pune facility will produce the H

Chinese memory giant YMTC to grow revenue 6 times faster than peers as IPO nears: report

Oct 14, 2026

Chinese memory giant YMTC to grow revenue 6 times faster than peers as IPO nears: report

Yangtze Memory Technologies Corporation (YMTC), China’s leading flash-memory maker, is set to grow revenue six times faster than its industry peers this year as it expands into server-related business ahead of a planned initial public offering (IPO), according to Counterpoint Research. The company’s server-related revenue was effectively zero in 2024, but could account for nearly 39 per cent of its revenue by 2028, according to the market intelligence firm on Tuesday. Much of the momentum is...

Hyundai Motor Group to invest $15.5 bil. in India through 2032

Oct 14, 2026

Hyundai Motor Group to invest $15.5 bil. in India through 2032

Hyundai Motor Group will invest $15.5 billion in India from 2026 through 2032 to expand production capacity, strengthen research and development and build a broader automotive industry ecosystem in one of its key growth markets. The group announced the seven-year investment plan following a meeting between Executive Chair Chung Euisun and Indian Prime Minister Narendra Modi in New Delhi on Tuesday (local time). The investment will cover manufacturing expansion, R&D infrastructure, local supplier development and emerging mobility businesses, with the aim of strengthening India's role as a major production and export base for the group. To coordinate the investment, Hyundai Motor Group plans to establish a dedicated entity in India. The entity will oversee investments in R&D, future technologies and the broader automotive ecosystem, while identifying local partners and supporting strategic cooperation with Indian suppliers. “India remains one of Hyundai Motor Group’s most important and strategic markets globally. The past 30 years have been defined by our commitment to India. This inve

ViewQwest launches 100Gbps home broadband plan for users who really, really need one

Oct 14, 2026

ViewQwest launches 100Gbps home broadband plan for users who really, really need one

What would you do with a 100Gbps home internet?

Hyundai Motor Group bets $15.5 billion on India as global auto hub

Oct 14, 2026

Hyundai Motor Group bets $15.5 billion on India as global auto hub

Hyundai Motor Group said on Tuesday it would invest $15.5 billion in India through 2032, deepening its bet on the world's third-largest car market as a key driver of future growth. The South Korean automaker's seven-year plan includes about $700 million of investment in its Indian research and development centre, expansion of production capacity and a dedicated investment entity. India, the world's third-largest car market, is attracting billions of dollars in investment from global automakers seeking to tap rising demand and expand local manufacturing capacity, underscoring its position as a major automotive production hub. Hyundai said last year it would invest $5 billion to expand its manufacturing and research operations in India. Japan's Suzuki Motor, the majority owner of India's largest carmaker by volume, Maruti Suzuki, also laid out plans in 2025 to invest about $8 billion in the country. Carmakers such as Toyota and Honda have committed to expanding their manufacturing ambitions in India as well. Hyundai Motor, which employs more than 24,000 people in India, said the investment w

Delivery fee cap risks shifting costs to riders, consumers

Oct 13, 2026

Delivery fee cap risks shifting costs to riders, consumers

Pending bills at the National Assembly proposing a cap on delivery platform fees charged to food businesses to reduce their financial burdens, particularly small businesses with limited customer bases, are raising questions about the effectiveness of the proposed changes. Industry experts have examined the current ecosystem, which consists of food-ordering platforms, participating businesses, customers who place orders and riders who deliver them. They found that the cap could reduce the burden on businesses using the platforms but shift that cost to other groups in the ecosystem, such as riders and consumers. Three bills proposing different versions of the cap are pending at the National Assembly. One was proposed by Rep. Lee Kang-ill of the ruling Democratic Party of Korea, a member of the National Policy Committee. He proposed capping the combined brokerage fee, payment processing fee and advertising expenses at 15 percent of an order's value, while imposing a separate cap and a minimum floor on delivery fees. Rep. Park Jeong-hun of the main opposition People Power Party (PPP) propo

CJ OliveNetworks teaches elementary students self-driving car coding

Oct 13, 2026

CJ OliveNetworks teaches elementary students self-driving car coding

CJ OliveNetworks, the information technology services affiliate of CJ Group, is running a hands-on coding camp for elementary school students in Bucheon, Gyeonggi Province, to teach them how artificial intelligence (AI) and self-driving cars work, the company said Tuesday. The AX Creative Camp is part of the Gyeonggi Provincial Office of Education’s Sinnaneun Gongyu Hakgyo, or “Exciting Sharing School,” program. AX refers to “AI transformation,” the use of AI across business operations. This is the second year the company has held the camp, in which employees use their AI expertise to teach coding classes as part of its corporate social responsibility work. The education office’s program is an after-school learning platform built with local community groups to help students find their interests and learn on their own. Some 130,000 students took part in about 7,200 programs last year, covering arts, sports and AI. This year’s camp is open to elementary students in the area covered by the Bucheon office of education. Lessons move step by step from the basic principles of sel

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