The Korea Media and Communications Commission (KMCC) has ruled that Google and Apple's practices of forcing developers to use in-app payment systems were illegal and imposed combined fines of KRW63.71 billion. The two companies must revise their paymen
[Tech Summit 2026] Samsung Shifts AI Memory Strategy Toward Co-Design
Samsung Electronics has signaled a paradigm shift in its artificial intelligence (AI) memory business model. The company plans to move beyond the traditional memory industry's high-volume production of a limited number of products and achieve high-vo
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Google, Apple Fined KRW63.71 Billion Over Forced In-App Payments in Korea
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Cyberattacks Spread From Banks to Securities, Insurance and Crypto Firms
A series of cyberattacks that began in the banking sector last month has spread to securities firms, insurers and the cryptocurrency industry, raising the threat across the financial sector. Recognizing the seriousness of the situation, financial aut
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KHNP Talks Collapse on KRW 27 Trillion Czech Reactor Deal
“Team Korea,” the group that won the 27 trillion KRW Dukovany nuclear power project in the Czech Republic, has hit a standstill. A dispute over construction costs between Korea Hydro & Nuclear Power (KHNP) and the consortium of Daewoo E&C and Doosan
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Seoul Surveys Firms on Fallout From China's AI Export Curbs
The South Korean government has launched an emergency survey to gauge how China's restrictions on exporting artificial intelligence (AI) technology are affecting domestic companies. The survey covers the use of Chinese AI models, the business impact
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POSTECH Develops Hydrogel Electrolyte That Flexes and Absorbs Shock at -20°C
A research team at POSTECH has developed a hydrogel electrolyte for flexible supercapacitors that stays pliable at minus 20 degrees Celsius and absorbs external impacts, the university announced on Oct. 29. The team was led by Professor Kim Yeon-su o
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'AI Hacking Emergency' Japanese Megabank Recruits Security Personnel from Korea
Amid growing AI-driven hacking threats, a major Japanese bank has begun recruiting teams of bank network security patch developers in South Korea. As the domestic financial sector urgently strengthens its security infrastructure, overseas financial i
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Samsung Adds 10 More Long-Term Memory Contract Negotiations
Samsung Electronics has signed long-term supply agreements (LTA) for memory semiconductors with 10 global major clients and is now negotiating additional contracts with another 10 companies. As demand for long-term memory supply agreements grows, the
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LG Display Tops 50 Million Large OLED Panels Sold
LG Display said on Oct. 28 that its cumulative sales of large OLED panels for TVs and monitors have surpassed 50 million units, 13 years after it began selling OLED TV panels. The company reached 10 million units in 2020, followed by 20 million in 20