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Hyundai Motor rose to 29th place in Interbrand’s Best Global Brands 2026 ranking, up two places from a year earlier, with its brand value reaching $25 billion, the automaker said Wednesday. The annual ranking by global brand consultancy Interbrand evaluates brands based on their financial performance, influence on consumers’ purchasing decisions and ability to build long-term loyalty. Hyundai also climbed to fourth among automotive brands from sixth in 2025, extending its streak of annual brand value growth to 17 consecutive years. Hyundai attributed the improvement to its strengthened vehicle lineup, investments in future growth areas such as physical artificial intelligence (AI) and software-defined vehicles (SDVs), and global marketing campaigns tied to major sporting events and cultural initiatives. “Seventeen consecutive years of brand value growth comes from customers who chose Hyundai and from the teams and dealer partners who earned that trust,” Hyundai Motor President and CEO Jose Munoz said. “Improving to fourth among automotive brands reflects both the strength of our

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SK Broadband, the telecommunications unit of SK Group, is strengthening safeguards around a vital undersea cable linking Korea with Japan and Singapore, partnering with marine engineering specialist LS Marine Solution to speed up emergency repairs along vulnerable coastal stretches. The companies signed an agreement Tuesday to improve the reliability of the Southeast Asia-Japan Cable 2 (SJC2) submarine cable system, SK Broadband said Wednesday. Under the agreement, the companies will maintain emergency response vessels and specialized equipment while standardizing technical data and repair procedures in advance. The goal is to coordinate the entire recovery process, from dispatching crews to retrieving damaged cables, reconnecting lines and precisely reburying them on the seabed, reducing the time needed to restore service. The partnership will focus particularly on shallow coastal waters off Busan, where large vessels have difficulty operating and emergency repairs require specialized marine expertise and rapid response. SK Broadband will contribute cable analysis data and monitoring cap

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As artificial intelligence (AI) servers pack more computing power into less space, the heat they generate is becoming a critical challenge for data centers, prompting LG Uplus and Ecolab Korea to develop standards for liquid cooling systems. The companies signed a memorandum of understanding Tuesday at LG Uplus’ headquarters in Seoul's Yongsan District, to improve cooling system operations and establish procedures for managing coolant quality. The partnership combines LG Uplus’ expertise in building and operating AI data centers with Ecolab Korea’s water treatment and cooling fluid management technologies. The growing use of high-performance graphics processing units (GPUs) has increased heat output in data centers, driving interest in liquid cooling, which can remove heat more efficiently than conventional air cooling. But coolant that deteriorates or equipment that is poorly maintained can undermine cooling performance and lead to hardware failures, making consistent monitoring and operating standards essential. LG Uplus will provide a large-scale liquid cooling test environment b

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Cryptocurrency exchange Bithumb, asset manager Mirae Asset Global Investments and Daishin Securities have become the latest victims of cyberattacks sweeping Korea’s financial sector, industry officials and financial authorities said Wednesday. Daishin Securities said in a press release earlier in the day that personal and credit information belonging to 38,490 customers had been leaked. The brokerage said it detected signs of unauthorized access by a hacker on Oct. 17 to a server linked to online securities account openings for discretionary investment services. Bithumb discovered Tuesday that personal information had been leaked following unauthorized access to its internal mobile groupware system. It is examining the scope of the breach, including whether customer information was compromised. A hacking incident was also reported at Mirae Asset Global Investments, prompting financial authorities to investigate the extent of the damage and the circumstances of the breach. The latest incidents came after Mirae Asset Life Insurance detected unusual activity in some of its systems Sunday

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SK On, the battery manufacturing unit of SK Group, passed a major fire safety test for its energy storage systems (ESS), clearing a key hurdle as the company seeks to expand in the global market for grid-scale energy storage. The company said Wednesday that its ESS products met evaluation criteria under UL 9540A, a North American standard used to assess how thermal runaway in batteries can spread heat and fire to surrounding equipment. The large-scale fire test recreates conditions resembling an actual energy storage system fire, examining whether flames or dangerous heat spread to neighboring battery containers. The requirements were tightened in March to establish clearer criteria for assessing fire propagation. During the test, battery cells inside adjacent containers did not experience thermal runaway caused by heat from the container where the fire originated, and temperatures inside the containers remained within the evaluation limits, SK On said. The company attributed the result to a system design that releases heat gradually over an extended period, limiting sudden increases in h

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Philippine President Ferdinand Marcos said authorities will do all they can to defend the peso as the currency weakened to a new record low this week.

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Kevin Choi, Permanent Secretary for Innovation, Technology and Industry at the Hong Kong SAR Government, says the city needs to expand its real economy beyond the financial sector, with innovation becoming a second engine of growth. He speaks exclusively on the sidelines of the One Earth Summit in Hong Kong. (Source: Bloomberg)

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Poman Lo, Founder of One Earth Summit and Vice Chairman and Managing Director at Regal Hotels Group, discusses her push for sustainability and the opportunities she sees in student housing. (Source: Bloomberg)

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The moves came after stocks were broadly higher on Tuesday, fueled by gains among semiconductor companies.

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Stock futures are mixed as traders await Fed decision, Big Tech earnings: Live updates CNBC

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Traders are bracing for the Indian market debut of Jio Platforms. The listing pits Mukesh Ambani's telecom giant against a negative trend for India's megadeals amidst a challenging market environment. (Source: Bloomberg)

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Secretary of Defense Pete Hegseth and his Australian counterpart agreed Wednesday on the need to “swiftly execute” defense collaboration including a stronger force posture, amid growing Chinese military power in the region.

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Asian Stocks Set to Gain on Resurgent AI Optimism: Markets Wrap Bloomberg.com

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Chinese state media has warned Kylian Mbappé that his apology over remarks referring to Mao Zedong as a dictator will be judged against his actions.

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