Tesla cuts spending before potential SpaceX deal even as Musk bets future on AI, robots

The Business Times - Oct 22, 2026

Revenue is flat on the year as net income dives 43%; adjusted earnings top Wall Street expectations

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CHA Bio Group head outlines vision for stem cells to fight diseases, extend life

Nov 12, 2026

CHA Bio Group head outlines vision for stem cells to fight diseases, extend life

Dr. Cha Kwang-yul, head of the CHA Global Research Institutes at CHA Medical Center and CHA Bio Group, outlined an ambitious vision to use stem cells to treat intractable diseases and potentially extend human lifespan, drawing global interest at an international conference in Busan. Cha delivered his keynote address, titled "Longevity and Reproductive Aging Using K-Cells," at the 16th World Congress of the International Society for Immunology of Reproduction, held Nov. 5-8, with about 400 participants attending. The presentation focused on K-Cell, a proposed cell resource intended to support the development of treatments for intractable diseases before expanding into research on aging and longevity. Cha outlined a donor-screening strategy that combines medical and infectious disease histories with age, clinical characteristics, three generations of family medical history and whole-genome sequencing to identify cells suited to specific therapeutic purposes. He also discussed genetic modification and somatic cell nuclear transfer, a technique that involves transferring the nucleus of a sel

KOGAS Q3 net profit soars 213.8% to $204.6 mil.

Nov 12, 2026

KOGAS Q3 net profit soars 213.8% to $204.6 mil.

Korea Gas Corp. (KOGAS), Korea's natural gas monopoly, on Thursday reported its third-quarter net profit of 272.4 billion won ($204.6 million), a surge of 213.8 percent from a year earlier. Operating income for the July-September period was 587.8 billion won, up a sharp 51.1 percent from a year ago, the public utility company said in a regulatory filing. Revenue also rose 17.8 percent to 7.5 trillion won. The operating profit was 18.9 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.

Samsung turns everyday spending into community giving with new charity program

Nov 12, 2026

Samsung turns everyday spending into community giving with new charity program

Samsung is turning everyday purchases near its workplaces into support for vulnerable children, bringing local businesses, employees and labor representatives together in a community-giving initiative that links commercial activity with social welfare. The company held its 2026 Sharing Day event Thursday at DSR Tower, its semiconductor complex in Hwaseong, Gyeonggi Province, wrapping up a two-week Sharing Week campaign and holding the first donation ceremony for its Sharing Stores program. More than 108,000 employees from 23 Samsung affiliates participated in donations, blood drives and volunteer activities during the campaign, which began Nov. 2. Under Sharing Stores, restaurants and cafes near Samsung workplaces donate part of their sales to support children and teenagers from disadvantaged backgrounds when employees patronize participating businesses. The program now operates at 22 workplaces across 17 Samsung affiliates, including Samsung Electronics, Samsung Electro-Mechanics, Samsung Display and Samsung SDI, with 370 local businesses participating. Samsung also raised 300 million wo

LG CNS brings global robotics experts together to advance physical AI

Nov 12, 2026

LG CNS brings global robotics experts together to advance physical AI

LG CNS brought together more than 100 researchers and industry professionals to explore how physical artificial intelligence (AI) can move beyond laboratories and into factories, warehouses and other industrial settings. The company recently hosted its 2026 Robotics & Physical AI Forum at its Future Robotics Lab headquarters in Magok, Seoul, with participants including faculty members, graduate students and company employees from the University of Toronto, Sogang University, Chung-Ang University and Korea University. Discussions focused on advances in robot foundation models, data, intelligent robotic hardware and simulation, as well as technical challenges involved in deploying physical AI in real-world operations. Drawing on more than two decades of experience and over 1,000 smart factory and smart logistics projects, LG CNS presented its approach to bringing robotics technologies into industrial environments. The company also introduced two platforms launched this year: PhysicalWorks Forge, a robot-learning platform, and PhysicalWorks Baton, an agentic AI-based platform for robot oper

Jensen Huang once told me his two golden rules. He may have broken one of them

Nov 12, 2026

Jensen Huang once told me his two golden rules. He may have broken one of them

In January, Nvidia’s powerful boss told me he’d stay ‘for as long as I deserve this’. Headlines over two affairs, one of them with an alleged spy, have made his board think he no longer does.

GTA VI is now available to pre-load ahead of its November 19 launch

Nov 12, 2026

GTA VI is now available to pre-load ahead of its November 19 launch

Players who have pre-ordered the game digitally can start downloading it now, but will need up to 212GB of free space.

The iPad Air could be upgraded with OLED displays next year

Nov 12, 2026

The iPad Air could be upgraded with OLED displays next year

The iPad Air could become the third iPad model to adopt OLED, following the iPad Pro and iPad mini.

‘Web of complexity’: Jensen Huang’s position in doubt as Nvidia shares plunge overnight

Nov 12, 2026

‘Web of complexity’: Jensen Huang’s position in doubt as Nvidia shares plunge overnight

Nvidia shares fell more than 8 per cent at one point in US after-hours trading on Wednesday as CEO Jensen Huang’s prospects of hanging onto his role became more clouded after media reports of a board meeting and another extramarital affair. The drop in the American AI chip giant’s share price erased a 2.9 per cent rebound in the regular trading session, after the stock lost over 9.5 per cent in trading on Monday and Tuesday. It came as speculation mounted over whether Huang would keep his job....

Sangmidang expands food bank support with 2 refrigerated trucks

Nov 11, 2026

Sangmidang expands food bank support with 2 refrigerated trucks

Sangmidang Holdings said Wednesday that its charitable foundation donated two refrigerated trucks to the Korea Foodbank on Tuesday, expanding a delivery support program launched to help local food banks safely transport donated food. The latest contribution brings the total number of trucks provided since the foundation signed a partnership agreement in October 2022 to 12. The foundation plans to provide eight more by 2030. Sangmidang Holdings Chairman Hur Young-in and Kim Hyun-hoon, president of the Korea National Council on Social Welfare, attended the handover ceremony in Dongjak District in Seoul. The company also donated 4,000 bakery products, which were loaded onto the trucks. The vehicles will serve Busanjin District in Busan and Gyeryong, South Chungcheong Province. The company said aging vehicles have hampered deliveries at some food banks, with refrigeration failures and frequent breakdowns creating operational difficulties. Replacing the vehicles also posed a financial burden to the food-sharing organization. The nationwide food bank network distributes donated food and househ

AMCHAM raises $127,000 for student scholarships

Nov 11, 2026

AMCHAM raises $127,000 for student scholarships

The American Chamber of Commerce in Korea (AMCHAM) raised a record 175 million won ($127,000) for university scholarships at its annual charity event on Tuesday, bringing together business leaders to support students from financially disadvantaged backgrounds. The total marked a 17 percent increase from the 150 million won raised a year earlier. Organized by AMCHAM’s Partners for the Future Foundation, the event featured 44 CEOs and senior executives from member companies volunteering as servers, personally serving dinner to approximately 440 guests. The number of executive volunteers increased from 41 last year. Now in its 19th year, CEO Servers’ Night is one of AMCHAM’s signature charity events, bringing business leaders out of their boardrooms to serve guests and raise funds for university students in financial need. “CEO Servers’ Night brings business leaders together in a different capacity, united by a common purpose: helping students pursue their education,” AMCHAM Chairman James Kim said. “I want to thank every CEO and executive who took the time to serve, as well as

LX Hausys wins 2027 Home Reno Award with E-stone

Nov 11, 2026

LX Hausys wins 2027 Home Reno Award with E-stone

LX Hausys has won a 2027 Home Reno Award with VIATERA Solea, its E-stone surface material, the interior materials company said Wednesday. The Home Reno Awards, organized by U.S. lifestyle magazine Good Housekeeping, recognize home renovation products and services for their design, functionality and other qualities through expert evaluations and testing. VIATERA is LX Hausys' engineered stone brand, made primarily from natural quartz. It is known for its durability and natural stone-like appearance, and is used for kitchen countertops and bathroom vanity tops. VIATERA Solea features wide and subtle gold-toned veining against a white background, giving the engineered stone surface a natural stone-like appearance. It is designed to have patterns align seamlessly when multiple slabs are installed side by side, creating the appearance of a single continuous surface across large areas. It also offers high resistance to scratches and stains from everyday use, making it durable and easy to maintain, the company said. LX Hausys has won the award for the second consecutive year, following last year

Theborn Korea enlists Italy's UNOX for K-food rollout

Nov 11, 2026

Theborn Korea enlists Italy's UNOX for K-food rollout

Global food service and restaurant franchise operator, Theborn Korea, has partnered with Italian oven manufacturer UNOX to program its standardized recipes into commercial equipment, paving the way for an automated K-food rollout across Europe. Theborn Korea said Wednesday it signed a memorandum of understanding with UNOX on Nov. 4 at the Italian company's headquarters, combining its expertise in Korean cuisine and TBK sauces with UNOX's commercial cooking technology. Under the agreement, the companies will test Korean dishes using 11 varieties of TBK sauces and convert cooking conditions into data to develop standardized recipes and operating manuals. The goal is to allow local restaurant workers with little experience preparing Korean food to produce dishes with consistent taste and quality using UNOX smart ovens. Founded in 1990, UNOX specializes in commercial smart ovens and recorded global revenue of 360 million euros (540.6 billion won) last year, according to Theborn Korea. Its product lineup includes convection ovens, which use circulating hot air for even cooking, and combination

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