Mobile platform giant Kakao Group named Kakao Investment CEO Kim Do-young as co-chair of the group’s control tower, ahead of the planned spin-off of its flagship unit Kakao Corp. Kakao Group said Monday that its CEOs agreed to appoint Kim as co-chair of the Corporate Alignment (CA) Council. Kim will lead the council alongside existing CA Council Chair Chung Shin-a, who is also CEO of Kakao Corp. The group said the appointment is intended to ensure continuity in key decision-making and enhance organizational stability ahead of the spin-off. Kim and Chung will jointly oversee major decisions until the split, while strengthening group-wide coordination and execution. Kim is an investment specialist who built his career as an investment banking director at Samsung Securities. Before joining Kakao Group, he served as chief financial officer of Kolon Mobility Group from 2022 to 2025. The appointment is in line with the proposed spin-off of Kakao Corp. Under the plan, the company will be split into Kakao AI, which will oversee flagship messenger KakaoTalk, artificial intelligence (AI), advert
Read full articleSamsung Electronics said Tuesday that the number of customers for its foundry business could grow roughly fourfold by 2029 compared to 2017. "The number of customers has increased about threefold from when the foundry business was first established as an independent unit in 2017," Noh Mi-jung, a senior vice president at Samsung's foundry business, said during Korea Premium Week 2026. "We expect the customer number to grow about fourfold by 2029," she said. Samsung's foundry business plans to diversify its portfolio, which is currently focused on mobile products, toward artificial intelligence (AI) and high-performance computing (HPC). HPC accounted for just 5 percent of the foundry business in 2017 but has since risen to 28 percent. The company expects the share to reach 66 percent by 2029. "By 2029, we expect HPC customers to account for more than half of our customer base, while HPC will also account for well over half of our sales," the executive said. Samsung aims to begin mass production of its third-generation 2-nanometer process in 2028, followed by mass production of its 1.4-nanome
OpenAI says its model ran commands, wrote files and took credentials from a Medicare portal, going further than the government’s account.
Importing almost all of its fuel, Japan springs into action after every major energy shock to reassess its supply sources, making it a bellwether of global trends. Its direction this time? Run away from the Middle East.
The state government will spend $4 million to restart operations at the Cardup plant to boost brick production in WA by 10 to 15 per cent.
A man in his 30s is being treated for a single gunshot wound to his left leg.
A sea of blue gathered on Tuesday to commemorate Constable Mia Lay, 20, who died instantly when the patrol car she was travelling in collided with a tree.
Orbit Resources, formerly Godolphin Resources, has hit a 12.9m zone of semi-massive sulphides, as it looks to expand a 1.7Moz gold-equivalent Lewis Ponds resource in NSW.
Both drivers were hospitalised following the crash.
Pope Leo XIV on Monday said mounting concerns about artificial intelligence software going rogue require discussions on how to regulate it, dismissing the notion that they are "fake news." "If someone were to ask me, 'Am I in panic mode?' No, I’m not," Leo told reporters while leaving France for Vatican City. "I sleep at...
Hong Kong is set to welcome 1.29 million mainland Chinese visitors over the National Day “golden week” break, fuelling questions online about what locals and tourists can do during the celebrations. On popular mainland social media platform RedNote, many users have recommended a range of activities, such as visiting the countryside, exploring the Unesco Global Geopark in Sai Kung, cycling and watching fireworks. To help tourists and locals alike, the South China Morning Post shares some of the...
Technology helps every grain make it to the granary in China
The company will send its chief strategy officer to face the Joint Select Committee on Artificial Intelligence in Sydney next month.