YONHAP
Samsung set to become first South Korean company with $147 billion in cash assets
Samsung Electronics' cash assets are estimated to exceed 200 trillion won with strong demand for AI semiconductors. The company's cash increased significantly from the previous quarter, showcasing financial growth. Investments into chipmaking infrastructure are projected to reach over 100 trillion won this year, indicating continued growth in the sector. Samsung's net profit surged due to heightened demand for memory chips and AI-related products.
South Korea to expand anti-piracy unit operations closer to Strait of Hormuz
South Korea is planning to broaden the operational area of its Cheonghae unit in the Middle East. Following pressure from Donald Trump, the government aims to submit a parliamentary motion for an extended deployment. The operations will include waters near Oman’s Duqm port, significantly closer to the Strait of Hormuz. Additionally, the country will deploy a P-8A maritime patrol aircraft and increase personnel.
AI chip giant SK hynix says quarterly operating profit soars 630%
South Korean chip giant SK hynix said Wednesday its third-quarter operating profit soared 632 percent on-year, largely driven by the artificial intelligence industry's explosive demand for its advanced memory chips. The memory chip giant said it had posted record revenue and operating profit for six straight quarters since the second quarter of last year.
North Korean leader Kim Jong Un visits China, South Korean news agency reports
North Korean leader Kim Jong Un visited China, arriving in Dandong after crossing a newly opened bridge. This visit marks his first trip to China in over a year, following President Xi Jinping's visit to Pyongyang. Kim has focused on enhancing relations with China after previously prioritizing connections with Russia. The New Yalu River Bridge, which opened recently, facilitated Kim's arrival in the border city.
US military bans BYD vehicles from strategic air base in Japan
The US military is set to ban vehicles made by Chinese EV maker BYD at Kadena Air Base. This decision arises from concerns regarding security risks posed by the presence of these vehicles. The ban will take effect on an upcoming Monday as reported by a news agency. BYD, which has recently expanded into international markets, did not immediately comment on this decision.
US bans BYD from air base in Japan over security concern: Report
The US armed forces have prohibited Chinese carmaker BYD's electric vehicles from Kadena Air Base in Japan. This decision is based on concerns regarding potential security risks associated with the company's technologies. Vehicles affected include those used by base personnel, contractors, and commercial entities. In June, the US added BYD to a list of companies alleged to support China's military activities.
Kim Jong-un death rumours resurface as viral claims say body moved to crystal coffin at Kumsusan Palace; sister takeover claims emerge
Questions over Kim Jong-un's whereabouts have resurfaced after North Korea released photographs purportedly showing him with his daughter at a textile and footwear exhibition. Social media users Jie Lijian and Wanjun Xie have made separate allegations about his death, Kim Yo-jong's alleged takeover and disruptions to North Korean websites. However, the claims remain unverified, and no evidence has confirmed a change in the country's leadership.
Kim Jong Un death rumors spread after an X post claims brain hemorrhage; what the latest photos show, in one he is with his daughter Kim Ju Ae
Online speculation about Kim Jong Un’s death surfaced on social media claimed that the North Korean leader had suffered a brain hemorrhage. North Korean state media later published photos of him visiting a clothing and footwear exhibition, with some showing his daughter, Kim Ju Ae. His sister, Kim Yo Jong, separately warned of escalating tensions with South Korea.
South Korea's Lee says AI appears to have been used in bank hacks
South Korean President Lee Jae Myung said on Tuesday that AI models are believed to have been used in some recent hacking incidents against banks and called for the country to develop cybersecurity methods suited to the AI era.
South Korean president orders probe into data leaks across financial industry
Financial Services Commission (FSC) Chairman Lee Eog-weon convened an emergency meeting with financial industry associations, regulators and executives from affected institutions on Sunday, warning that the sector must respond with the highest level of vigilance, the FSC said in a statement.
Trump says he did not 'jump the gun' on South Korea Alaska LNG investment announcement
Trump recently stated that he did not prematurely announce a South Korean investment in Alaska's LNG project. The $200 billion investment plan includes the building of eight large nuclear power plants and LNG infrastructure. However, South Korea's commitment to the $54 billion pipeline remains uncertain, prompting mixed responses. Officials in Seoul expressed surprise regarding claims about funding tied to crude oil projects.
AI tools suspected in Korea’s Shinhan Bank hack, Yonhap Says
Attackers probably used sophisticated AI agents to probe for vulnerabilities and gain unauthorized access to a service used by loan recruiters, Yonhap said, citing cybersecurity experts.
Asian Games shocker: North Korean anthem played for South Korea
Asian Games organizers mistakenly played the North Korean national anthem for the South Korean hockey team. South Korean officials expressed anger over this latest mishap before the opening ceremony. The team was left bemused as the wrong song played before their match. Organizers later apologized for the significant blunder and played the correct anthem. This incident adds to pre-Games complaints about accommodation and airport delays.
‘We really couldn’t take it any more’: Asian Games chaos leaves world champion gymnast exhausted
The Asian Games in Japan are facing organizational challenges and athlete accommodation issues. World champion gymnast Zhang Boheng expressed extreme exhaustion after significant arrival delays. South Korea lodged a formal complaint regarding a historical warlord featured at a ceremony. Many athletes experienced long waits and transportation problems upon reaching Nagoya. Organizers are working to resolve these initial problems as the games commence.
‘China needs to learn some decency’: Philippine Defence Chief publicly shames China's note to him while he was speaking during Seoul forum. Watch
Philippine Defence Secretary Gilberto C. Teodoro publicly criticised China after a note outlining Beijing’s position on the South China Sea arbitration was handed to him during his speech at the Seoul Defence Dialogue. Teodoro called the move disrespectful and accused China of coercion, bullying and aggression.
Kim Jong Un is threatening US, Japan and South Korea with its most advanced warship, a 5000-ton nuclear missile carrying destroyers; second warship commissioned as rivals launch drills
North Korea commissioned its second large destroyer, the Kang Kon, on September sixth. This vessel joins the Choe Hyon-class, representing a significant naval expansion. The Kang Kon is designated for North Korea's nuclear response system. This development occurs as the US, South Korea, and Japan conduct joint military exercises. These drills aim to counter Pyongyang's growing nuclear and missile capabilities.
Families of South Koreans missing in Nepal floods seek urgent helicopter access
Nine South Koreans remain missing after a catastrophic flash flood in Nepal. Families are urging authorities to secure helicopter access for a critical search operation. A South Korean rapid response team awaits flight clearance to reach the affected disaster area. Nepalese authorities stated they do not require foreign assistance for ongoing rescue efforts. The disaster struck a major hydropower project on Wednesday, impacting workers.
'Inappropriate and hostile': Trump scales back US-South Korea drills amid ties with North Korea
President Donald Trump ordered a significant reduction in joint military exercises with South Korea. He cited costs and his relationship with North Korean leader Kim Jong Un. The annual Ulchi Freedom Shield exercise was consequently halved in duration. Live drills were also reduced, focusing more on defensive operations. North Korea has dismissed the reduction as inconsequential to exercise aggression.
South Korea fired warning shots after North Korean soldiers crossed demarcation line
South Korean troops fired warning shots after North Korean soldiers crossed the military demarcation line. Multiple North Korean soldiers entered the demilitarized zone in the eastern area last week. These soldiers were likely patrolling the area when they crossed the line. No other unusual activity was reported after the North Korean soldiers returned. The two Koreas remain technically at war after their 1950-53 conflict.
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