News
Getty Images drops plan to merge with Shutterstock
14+ hour, 36+ min ago (322+ words) Getty Images has withdrawn its $3. 7 billion merger plan with Shutterstock after UK competition regulators demanded the sale of Shutterstock's global editorial business as a condition for approval. Getty's board decided not to accept the divestment requirement and voted unanimously to…...
SOOP to expand production and live broadcasts of swimming events, schedule more than 20 this year
10+ hour, 7+ min ago (251+ words) [Digital Today reporter Hojeong Lee] SOOP is stepping up content production and live broadcasts of swimming competitions spanning recreational and elite sports. SOOP said on Wednesday it plans to expand production and live coverage of major domestic swimming and finswimming…...
Samsung Electro-Mechanics to set up glass substrate JV with Japan's Sumitomo
6+ hour, 38+ min ago (327+ words) Samsung Electro-Mechanics is moving to secure an early foothold in the glass substrate market for next-generation semiconductor packaging materials. The company said it signed a definitive agreement on July 2 to establish a joint venture with Dongwoo Fine-Chem, a wholly owned…...
240 trillion won to flow into Chungcheong as Samsung and SK roll out investment plans
6+ hour, 36+ min ago (508+ words) Samsung Electronics and SK Hynix on Wednesday announced large investment plans for South Korea's Chungcheong region, totalling 240 trillion won. Samsung said it will invest about 140 trillion won in areas including advanced displays, high-bandwidth memory fabs, next-generation batteries and AI server…...
Open-source AI regulation fight evokes early Bitcoin deja vu, U. S. investment firm says
10+ hour, 11+ min ago (425+ words) An analysis says the regulatory battle over open-source artificial intelligence is starting to resemble the early Bitcoin market around 2014. Blockchain outlet Bitcoin Magazine reported on Tuesday that U. S. investment research firm Brownstone Research said in a recent report that a push…...
KOSPI slumps more than 7 percent as Samsung Electronics, SK Hynix tumble
8+ hour, 37+ min ago (356+ words) The KOSPI ended down more than 7 percent as a sharp fall in major semiconductor stocks weighed on the market. A sell-side sidecar was triggered on the main board early in the session, and another was activated on the Kosdaq in…...
FSC says minor IT outages during financial AI security work exempt from sanctions
13+ hour, 56+ min ago (465+ words) Even if a minor IT disruption occurs while a financial company conducts security tests or security patches to respond to frontier AI security threats, it will be exempt from sanctions if certain requirements are met. The measure is a follow-up…...
Moody's says bitcoin quantum response deadline is 2030
10+ hour, 12+ min ago (270+ words) [Digital Today reporter Yoonseo Lee] Global credit rating agency Moody's warned the bitcoin and digital asset industry that responding to quantum computers is no longer a long-term task. On July 1 (local time), Bitcoin Magazine reported that Moody's assessed that the…...
MSIT to draw up five-year national R&D investment strategy, holds public hearing
10+ hour, 40+ min ago (496+ words) South Korea's Ministry of Science and ICT said it held a public hearing on Thursday in Seoul to prepare a draft second national mid- to long-term R&D investment strategy for 2026 to 2030. The plan is a top-level statutory blueprint setting strategic…...
Woori Investment Securities arranges 600 billion won acquisition financing, largest since launch
15+ hour, 11+ min ago (265+ words) Woori Investment Securities has completed its largest acquisition financing arrangement since its launch. It is expanding participation in big-ticket investment banking deals after boosting capital capacity through a 1 trillion won rights issue. Woori Investment Securities said on Wednesday it completed…...