AI Pick
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Think Big, Start Small, Scale Fast: Strategies for AI Adoption
As 2025 passed, the questions surrounding AI for South Korean companies fundamentally changed. The focus shifted from "Should we adopt AI?" to "How can we operate it efficiently?" According to the McKinsey Global AI Survey (2025), 88% of companies worldwide are utilizing AI in at least one business function. However, behind these impressive figures lies a harsh reality. Only one-third of companies have scaled AI across their entire organization, while the remaining two-thirds remain stuck
May 19, 2026
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US-China Summit Signals Start of AI and Semiconductor Rivalry
The US-China summit held in Beijing in May 2026 appeared calm on the surface. President Donald Trump and Chinese President Xi Jinping projected an image focused on management rather than confrontation. Immediately after the meeting, both nations issued a generic statement expressing their commitment to continue dialogue, which provided some relief to the markets.However, the essence of this summit was far from a mere diplomatic event. It marked the official beginning of a new era of hegemonic co
May 19, 2026
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Standard Chartered to Cut Over 7,000 Jobs with AI and Automation
Standard Chartered (SC) plans to reduce its back-office and support staff by more than 7,000 by 2030 through the implementation of artificial intelligence (AI) and automation. This restructuring aims to improve cost efficiency and profitability. On May 18, local time, SC announced its strategy to investors, stating it will cut more than 15% of its corporate function workforce by 2030. The 15% reduction pertains specifically to corporate functions, including human resources, risk management,
May 19, 2026
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Hyundai and Kia to Deploy 25,000 Atlas Robots in Factories
Hyundai Motor Group's robotics subsidiary, Boston Dynamics, is advancing its production plans for the humanoid robot Atlas.On May 18, the group held an investor relations meeting in the United States focused on its robotics strategy, where it announced plans for the mass production of Atlas.The key objective is to introduce over 25,000 Atlas robots into Hyundai and Kia production facilities. The group aims to establish an annual production system for 30,000 robots by 2028, with 83% of these allo
May 19, 2026
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Coupang CLS to Allow 18,000 Delivery Workers Time Off for Local Elections
Coupang's delivery subsidiary, Coupang Logistics Service (CLS), will implement time off for over 18,000 delivery workers nationwide to participate in the upcoming local elections.On May 19, CLS announced that it will adjust time off for delivery workers to allow them to vote during the early voting days on May 29-30 and the main election day on June 3.Since April 15, 50 days before the local elections, CLS has been encouraging delivery companies across the country to adjust their schedules to en
May 19, 2026
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Samsung Electronics Strike Countdown: Mediation Talks Gain Momentum
Samsung Electronics is entering the second day of mediation talks, with the possibility of a proposal from the Central Labor Commission. The commission is holding the second day of mediation talks from 10 a.m. to 7 p.m. on May 19 at the government complex in Sejong. The meeting is closed to the public. Park Soo-geun, chair of the Central Labor Commission, indicated during a break that a proposal may be forthcoming, stating, "It should come out. It’s still early, but there’s a possibilit
May 19, 2026
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Minister Kim Jong-kwan Expresses Urgency Against Samsung Electronics Strike
Kim Jong-kwan, the Minister of Trade, Industry and Energy, stated on May 19 that he feels a "desperate need" to prevent the planned strike at Samsung Electronics. He acknowledged that while everyone understands the workers' demands, the potential impact of the strike is a concern for the entire nation. During a meeting of the National Assembly's Trade, Industry, Energy, Small and Medium Enterprises Committee, Minister Kim expressed caution about the situation, saying, "If we cannot even ad
May 19, 2026
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Google and Blackstone Launch AI Cloud Company to Compete with Nvidia
Google and Blackstone are establishing a new artificial intelligence (AI) cloud company. Google plans to leverage its proprietary AI chip, the Tensor Processing Unit (TPU), to challenge Nvidia's dominance in the AI infrastructure market. According to the Wall Street Journal on May 18, the two companies have agreed to create the AI cloud firm in the United States, although the name has not yet been disclosed. Blackstone will invest $5 billion in equity for this venture. The new company wil
May 19, 2026
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Court Ruling Highlights Tension Between Labor Rights and National Industry
A court has intervened in the labor dispute at Samsung Electronics. The Seoul Central District Court recently granted part of Samsung's request for a temporary injunction against the nationwide Samsung Electronics Labor Union, recognizing the need to restrict access to production facilities, occupation of equipment, and safety-threatening actions. While the ruling does not deny the union's right to strike, it is interpreted as drawing a boundary considering the unique nature of critical national
May 19, 2026
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Shinsegae Group's Response to Controversial Marketing Tied to May 18 Movement
Shinsegae Group, led by Chairman Jeong Yong-jin, has taken decisive action in response to a marketing controversy coinciding with the anniversary of the May 18 Democratic Movement. The company abruptly dismissed the CEO of its subsidiary, Starbucks Korea, and initiated disciplinary procedures against related employees. The swift involvement of top management in holding individuals accountable is notable, but whether this issue can be viewed as merely a personnel matter remains to be seen. The c
May 19, 2026