EU open to creating ‘kill switch’ weapon to kick Chinese firms out of market

South China Morning Post - Oct 15, 2026

Brussels is open to developing a powerful new trade weapon that could contain a kill switch that would quickly eject Chinese companies from the EU market, the bloc’s national leaders were told during a top level meeting in the Belgian capital on Thursday. There was broad support among the 27 members for such a tool, first laid out in a French-German joint paper last week, with European Commission President Ursula von der Leyen signalling that her trade team could get to work on developing it,...

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[INTERVIEW] Alaska Airlines eyes Asia expansion as Korea route gains traction

SEATTLE — Alaska Airlines is looking to expand its presence in Asia as its Incheon-Seattle route gains traction, with Korea emerging as a key market in the U.S. carrier’s expanding international network. The airline recorded load factors of 82 percent in June, 84 percent in July and 79 percent in August on the route, marking a strong start in its first full year of operations. The figures exceeded expectations for a new route, which typically takes about three years to mature as the airline adjusts schedules and connections to meet passenger demand. "Those are really good, strong load factors for the first year of a new route," Shane Tackett, president and chief financial officer of Alaska Airlines, said in an interview with The Korea Times on Sept. 29. He added that one month ranked among Alaska's best-performing international routes financially before fuel prices increased significantly. The airline sees further opportunities to attract passengers from Korea, where its brand remains relatively unfamiliar. Tackett said Alaska Airlines aims to raise awareness of its services and enco

[INTERVIEW] Alaska Airlines eyes Asia expansion as Korea route gains traction

Hyundai Motor's tech bets face headwinds as core business loses steam

Hyundai Motor’s weakening auto profitability is raising questions about the sustainability of its costly investments in robotics and autonomous driving, as the technologies remain years away from generating significant earnings. The company is betting on Boston Dynamics’ Atlas humanoid robot, its own software-defined vehicle (SDV) and autonomous driving capabilities as three core pillars for its future mobility. Yet those businesses are far from generating tangible earnings, leaving Hyundai increasingly dependent on its conventional auto business which faces mounting earnings pressure from labor disputes at home, tariffs from the United States and intensifying competition from Chinese automakers in Europe. The timing gap between its weakening core business and future growth engines is becoming harder for investors to overlook. Hyundai’s shares have fallen around 60 percent from their June 1 peak of 783,000 won ($587) to less than 320,000 won on Monday, reflecting fading enthusiasm for its robotics ambitions and growing doubts over its earnings outlook. The pressure continues to be

Hyundai Motor's tech bets face headwinds as core business loses steam

How Mediheal is evolving beyond sheet masks

Best known for turning sheet masks into a beauty routine staple, L&P Cosmetic’s Mediheal is building its next stage of growth around a broader portfolio of skin care solutions, ranging from toners to serums, cleansers, creams and sun care products. The expansion reflects Mediheal’s evolution from a mask-focused label into a comprehensive skin care brand designed to address consumers’ needs across every step of their daily routines. Drawing on the recognition it has built through sheet masks, the brand is extending its ingredient expertise and research capabilities into products that can be used before, after and alongside masks. That strategy was on display in Japan in August when Mediheal introduced its new Derma Skin Care Series, featuring toners, serums and serum masks. The series used three ingredients closely associated with the brand: tea tree, madecassoside and polydeoxyribonucleotide, better known as PDRN, an ingredient now gaining attention in the skin care market. The series' launch marked another major transformation for the brand since its entry into Japan with its mas

How Mediheal is evolving beyond sheet masks

Korean microsatellite constellation captures first images within a day of launch

A constellation of five Korean microsatellites successfully captured and transmitted its first images to a ground station within a day of launch aboard the country's homegrown Nuri space rocket last week, the space agency said Thursday. The five New-space Earth Observation Satellite Constellation for National Safety (NEONSAT) microsatellites transmitted their first images just 14 hours and 29 minutes after liftoff from the Naro Space Center in the southwestern coastal town of Goheung on Oct. 7, according to the Korea AeroSpace Administration (KASA). The early acquisition of imagery confirmed the normal operation of the satellites and their optical payloads, marking a milestone in Korea's efforts to establish its first domestically developed microsatellite constellation. The satellites are maintaining stable communications with ground stations, with their power generation and attitude control systems operating normally, KASA said. Following additional payload checks, KASA and the Korea Advanced Institute of Science and Technology (KAIST) will begin initial operations. The five satellites

Korean microsatellite constellation captures first images within a day of launch

POSCO, Hanwha Ocean team up on high-manganese steel LNG cargo tanks

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POSCO, Hanwha Ocean team up on high-manganese steel LNG cargo tanks

French fridge hack highlights need for connected equipment security in Korea

A recent hacking incident involving commercial refrigerators at supermarkets in France is highlighting the importance of cybersecurity for connected equipment among Korean businesses, as companies increasingly rely on interconnected and centrally controlled systems for their operations. Industry officials said Thursday that the attack compromised supermarket refrigeration systems, but the underlying issue is the growing reliance of commercial equipment on network connectivity. They stressed the need to strengthen security across both hardware and software to ensure that no loopholes emerge anywhere in the system. The incident affected hundreds of supermarkets in France, where hackers reportedly gained remote access to centralized refrigeration control systems and manipulated temperatures, forcing retailers to discard spoiled food. Danish manufacturer Danfoss, which supplied the affected systems, attributed the incident to outdated equipment that had not received security updates. Retail chains, including supermarkets, use commercial refrigeration equipment. In Korea, major electronics c

French fridge hack highlights need for connected equipment security in Korea

Hanwha Systems' laser weapon intercepts all target drones in live demonstration

Hanwha Systems' laser air defense weapon Cheongwang successfully intercepted three out of three target drones in a live-fire demonstration, highlighting the company's efforts to expand its presence in the global air defense market. The company said Thursday that Cheongwang, also known as the Laser Air Defense Weapon Block-I, and a vehicle-mounted high-energy laser cannon intercepted the drones during the Army’s Army TIGER+ integrated combat exercise in Yangpyeong, Gyeonggi Province, on Wednesday. About 500 people attended the exercise, including the Army chief of staff, military officials, academics and industry experts. Cheongwang and the 30-kilowatt-class vehicle-mounted laser cannon achieved a 100 percent interception rate against the three drones. Small, low-cost unmanned aerial vehicles (UAVs) have emerged as growing battlefield threats, serving both reconnaissance and surveillance purposes and as attack weapons. Laser weapons are gaining attention as next-generation air defense systems capable of countering drone swarms while addressing some limitations of conventional missile-b

Hanwha Systems' laser weapon intercepts all target drones in live demonstration

Shinhan's Lotte Insurance deal faces profitability, capital hurdles

Shinhan Financial Group is seeking to bolster its nonbank operations by acquiring Lotte Insurance, but analysts cautioned Thursday that a meaningful contribution to group earnings may take time, as the insurer could require substantial additional capital to strengthen its financial position. Concerns over the cost of the deal weighed on Shinhan shares, which plunged 4.31 percent Wednesday following Tuesday’s announcement and fell a further 0.84 percent Thursday. The group agreed Tuesday to purchase a 77.04 percent stake in Lotte Insurance from private equity firm JKL Partners for 693.3 billion won ($514.6 million). After securing regulatory approval, it plans to acquire the remaining shares and eventually merge the insurer with its existing subsidiary, Shinhan EZ General Insurance. Lotte Insurance has 14 trillion won in assets and 3.34 million customers, giving Shinhan a substantially larger foothold in non-life insurance. The financial group aims to raise annual profit from the business to at least 120 billion won within three years. But market analysts warned that the insurer’s wea

Shinhan's Lotte Insurance deal faces profitability, capital hurdles

FSC's relocation to Sejong stirs unease across financial industry

The Financial Services Commission’s (FSC) planned relocation to the administrative city of Sejong next year is raising concerns across the financial industry about potential disruptions to communication with regulators and the resulting operational inefficiencies, industry officials said Thursday. Industry officials are particularly concerned that the move could make it harder for banks and securities firms, most of which are headquartered in Seoul, to consult financial authorities on regulatory matters. The country's top financial regulator, currently based in Seoul, plans to move to Sejong, about 110 kilometers to the south, in the second half of 2027. The move is part of a broader government plan to relocate 44 central government agencies and affiliated bodies from the Seoul metropolitan area to Sejong between 2027 and 2031, aiming to decentralize functions concentrated in the capital area and promote regional growth. Banks are weighing how to adapt, with some expecting to rely more heavily on remote communication. "We expect to establish ways to respond, including expanding the use

FSC's relocation to Sejong stirs unease across financial industry

Hansae Mobility opens Uzbekistan plant to expand Central Asian business

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Hansae Mobility opens Uzbekistan plant to expand Central Asian business

SK, Samsung among Korean firms considering Westinghouse stake acquisition

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SK, Samsung among Korean firms considering Westinghouse stake acquisition

Taihan Cable & Solution wins large US power grid turnkey project

Taihan Cable & Solution, a leading power cable and energy infrastructure manufacturer, said Thursday that its U.S. subsidiary has won a turnkey extra-high-voltage grid project in the United States, capitalizing on surging power demand from artificial intelligence (AI) and data centers. Under the deal, the subsidiary, T.E.USA, will oversee local engineering, construction and other work, while the Korean headquarters will produce and supply key materials such as extra-high-voltage cables and joints. In a turnkey contract, a single company handles a project from design through construction and hands it over ready for operation. The headquarters and the U.S. unit signed a material supply contract worth about 120 billion won ($89 million), which the company disclosed in a regulatory filing Thursday. Taihan did not reveal the total value of the turnkey project or the client, citing a nondisclosure agreement. The order follows another extra-high-voltage turnkey project worth about 100 billion won that the company won in the U.S. in January. Taihan said it has won all 500-kilovolt high-voltage a

Taihan Cable & Solution wins large US power grid turnkey project

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