Latest by
-
Anthropic Launches 'Mythos Class' AI Models, Pressuring OpenAI and Google On June 10, Anthropic unveiled two high-performance AI models, Claude 5 and Mythos 5, which are expected to disrupt the AI model industry. The introduction of these models intensifies pressure on OpenAI and Google regarding their upcoming model roadmaps. Anthropic established a new performance tier called the "Mythos Class," adding it above the existing top-tier model, Opus. Both Claude 5 and Mythos 5 share the same foundational model but differ in access controls. Anthropic determined that the capabilities of these models could pose potential risks in cybersecurity and biology if released publicly, leading to a dual-release strategy. Claude 5 features a safety classifier that routes cybersecurity and biology-related queries through Opus 4.8, making it available for general use. In contrast, Mythos 5, which has this safeguard disabled, is restricted to partners in cybersecurity defense and infrastructure, marking the first commercial service phase for the previously surprising Mythos model. Both models support a context window of 1 million tokens and a maximum output of 128,000 tokens, with pricing set at $10 per million tokens for input and $50 per million tokens for output, double the rates of Opus 4.8. Benchmark performance significantly surpasses competing models. In the SWE-Bench Pro, a key indicator in software engineering, Claude 5 scored 80.3%, well above Opus 4.8's 69.2%, GPT-5.5's 58.6%, and Gemini 3.1 Pro's 54.2%. In the more challenging Frontier Code Diamond set, it achieved 29.3%, more than double Opus 4.8's 13.4%. In the GDPval-AA knowledge work assessment, it ranked first with an Elo score of 1932. Anthropic emphasizes that "the longer and more complex the task, the greater the gap compared to competing models." Real-world performance is also noteworthy. In initial tests by Stripe, Claude 5 completed a migration of a codebase with 50 million lines in just one day. External researcher Matthew Pines reported that in his frontier physics research project, Claude 5 matched a task that took GPT-5.5 four days in just 36 hours. The launch of these models has made the pressure on OpenAI and Google more apparent. On April 23, OpenAI released the previously anticipated GPT-6, codenamed "Spurd," as GPT-5.5, effectively delaying the GPT-6 schedule and opting for a mid-version response to the market. However, GPT-5.5's SWE-Bench Pro performance lags 21.7 percentage points behind Claude 5. As of now, no official release date for GPT-6 has been announced. Google is in a similar position. At the Google I/O event on May 19, it showcased Gemini 3.5 Flash and is currently rolling out Gemini Omni, but industry experts assess that Gemini Omni's performance is on par with GPT-5.5 and does not reach the levels of the Mythos Class. The competition for IPO funding is also a factor. With both OpenAI and Anthropic pursuing public listings, the launch of Anthropic's high-performance models is likely to attract investor interest. Industry analysts suggest that the arrival of Claude 5 and Mythos 5 goes beyond mere model performance updates, resetting the benchmarks within the AI sector. Anthropic's strategy of creating a new tier above Opus is forcing competitors to thoroughly reassess their roadmaps.* This article has been translated by AI. 2026-06-10 13:39:00 -
KOSPI Plummets Over 5% Amid Foreign Selling of 2.7 Trillion Won The KOSPI index has dropped over 5% during trading, driven by significant selling from foreign and institutional investors. In contrast, individual investors have focused on bargain hunting, recording net purchases exceeding 3 trillion won. On June 10, the Korea Exchange reported that the KOSPI opened at 7,899.77, down 197.16 points (2.43%) from the previous trading day (8,096.93). The index continued to decline, reaching 7,665.38, a drop of 431.55 points (5.33%) as of 1:25 PM. Foreign and institutional investors led the sell-off, with foreign investors selling a net 27.66 trillion won and institutions offloading 7.884 trillion won. Meanwhile, individual investors purchased a net 34.196 trillion won, absorbing the selling pressure. Major stocks also showed weakness, with Samsung Electronics down 4.50% and SK Hynix falling 3.70%. SK Square and Samsung SDI dropped 3.70% and 3.10%, respectively, while Hyundai Motor saw a decline of 2.66%. The KOSDAQ index also faced losses, starting at 958.58, down 9.23 points (0.95%) from the previous day (967.81), and later recording a decline of 23.81 points (2.46%) to 944.00. In the KOSDAQ market, foreign selling continued, with foreign investors net selling 253.1 billion won, while individuals and institutions recorded net purchases of 228.7 billion won and 25.6 billion won, respectively. Most of the top KOSDAQ stocks experienced declines. Alteogen fell 2.60%, EcoProBM dropped 1.55%, EcoPro decreased by 0.47%, and Rainbow Robotics saw a decline of 3.05%. However, JUSUNG Engineering bucked the trend, rising 9.55% amid the overall market downturn. Analysts suggest that the recent surge in volatility has accelerated the outflow of foreign capital, increasing downward pressure on the domestic stock market. However, the substantial net buying by individual investors is helping to mitigate further declines.* This article has been translated by AI. 2026-06-10 13:39:00 -
Moss Tan Files Recusal Request in Lawsuit Against Travel Ban Moss Tan, a professor at Liberty University in the U.S. accused of spreading false information about President Lee, has filed a recusal request against the court handling his lawsuit against a travel ban imposed by the Ministry of Justice. The Seoul Administrative Court held its first hearing on June 10 regarding Tan's lawsuit against the Ministry of Justice's travel ban. However, the hearing was postponed after Tan's legal team claimed there were grounds for recusal. Lee Ha-sang, Tan's attorney, pointed out that the ruling on the travel ban was delivered on June 4, the same day Tan was scheduled to depart. He argued, "This is an unlawful decision that effectively deprives him of the possibility of leaving the country." Tan's legal team has also filed a complaint against the presiding judge for alleged dereliction of duty, stating, "The defendant is the presiding judge, raising concerns about a fair trial." While the court acknowledged that there were delays in the proceedings, Tan's team emphasized the importance of receiving a fair trial. Consequently, the court decided to postpone the hearing to address the recusal request. After the hearing, attorney Lee criticized the situation, stating, "The president, being the highest authority, has an obligation to directly address any questions about himself. Blocking Tan's departure under the absurd defamation framework and pursuing a lawsuit against him challenges the freedom of expression that citizens in free democracies should enjoy." Moss Tan made statements last June suggesting that President Lee was involved in a murder case during his youth, which led to his imprisonment in a juvenile facility, preventing him from attending middle and high school. The police subsequently investigated Tan for defamation against the president. Upon Tan's return to South Korea on May 28, police requested his attendance for an investigation, but he did not comply. The police then requested a travel ban from the Ministry of Justice, which was granted until June 30. In response, Tan filed a lawsuit to cancel the travel ban and also requested a stay of execution. The court denied the stay request on June 4, citing that the public interest in the travel ban outweighed any harm to Tan.* This article has been translated by AI. 2026-06-10 13:33:00 -
70% of U.S. Economists Predict Fed Will Hold Interest Rates Steady This Year The outlook is growing that the Federal Reserve will keep interest rates steady for the remainder of the year. Rising inflation pressures stemming from the conflict in the Middle East and strong employment data have diminished expectations for rate cuts. On June 9, Reuters reported that a survey conducted from June 4 to 9 among 102 economists revealed that 72 respondents expect the Fed's benchmark interest rate to remain in the current range of 3.50% to 3.75% through the end of the year. This represents about 70% of those surveyed. The proportion of respondents predicting a hold has increased significantly from less than half in last month’s survey and about one-third in the previous one. Reuters noted, "This survey marks the first clear majority opinion confirming expectations for a rate hold this year." No economists anticipated a rate cut at the upcoming Federal Open Market Committee (FOMC) meeting scheduled for June 16-17, which will be chaired for the first time by Kevin Warsh, the newly appointed Fed Chair. Inflation rates have risen to nearly double the Fed's target of 2%. According to a separate Reuters survey, the consumer price index in the U.S. is expected to show a 4.2% increase in May, marking the highest level in over three years. The Fed's preferred inflation measure, the Personal Consumption Expenditures (PCE) price index, also rose by 3.8% year-over-year in April, the highest since May 2023. The Reuters survey projected PCE inflation rates of 3.9% for the second quarter, 3.8% for the third quarter, and 3.6% for the fourth quarter. Strong employment data has further weakened the outlook for rate cuts. The employment figures released last week for May were stronger than expected, reducing the likelihood of a rate cut due to economic slowdown concerns. The futures market is pricing in at least one rate hike by the end of the year. Some Fed officials have also indicated that rates may be raised later this year. Growth and employment forecasts have not changed significantly. The Reuters survey indicated that the U.S. unemployment rate is expected to remain around 4.3%, with economic growth projected to average about 2% over the next few years.* This article has been translated by AI. 2026-06-10 13:33:00 -
Google Launches Real-Time Translation Model Supporting Over 70 Languages Google has unveiled an artificial intelligence (AI) translation model capable of real-time interpretation in over 70 languages. The new model aims to reduce delays compared to traditional methods that wait for the speaker to finish before translating, while also capturing the speaker's tone and style. On June 9, Google introduced its new real-time voice translation model, "Gemini 3.5 Live Translate." This model will be gradually integrated into the Google Translate app, Google Meet video conferencing service, and the Gemini Live API for developers. The new model automatically detects the language being spoken without requiring users to select a translation language in advance. It can recognize speech in over 70 languages and convert it into another language's audio, even in conversations that mix multiple languages. The most significant improvement is in translation speed. Traditional voice translation often delivers the translated audio only after the speaker has finished talking. In contrast, the new model provides translation audio while the speaker is still talking. Google noted that the difference between the original speech and the translated audio is typically just a few seconds. The quality of the audio has also been enhanced. The model not only conveys the meaning of sentences but also strives to reflect the original speaker's tone, style, speed, and pitch as closely as possible. The goal is to produce a translation that sounds more like a natural conversation rather than a mechanical reading. This new model will be available on both Android and iOS versions of the Google Translate app. Users can connect earphones to listen to real-time voice translations. On Android devices, a "listening mode" allows users to hold their smartphones to their ears, similar to a phone call, to hear the translated audio. This feature will enable travelers to receive near real-time voice translations when conversing with locals in different languages through their smartphones. The new functionality will initially be available to select corporate clients using Google Meet. Google plans to test the new voice translation feature with Google Workspace customers this month and expand availability later this year for multilingual meetings. For developers, the Gemini Live API and Google AI Studio will provide early access to this feature, allowing them to create real-time voice translation services. Real-time media platforms like Agora and LiveKit will also support integration of related features. Ride-hailing service Grab is testing the model for multilingual communication between drivers and passengers. This would allow real-time translation during calls within the app for users speaking different languages. Google has stated that all generated voices will include a SynthID watermark to help identify AI-generated audio. This technology embeds an invisible identifier in AI-generated voices.* This article has been translated by AI. 2026-06-10 13:21:00 -
Hanwha Qcells completes US solar hub, to begin cell production in July SEOUL, June 10 (AJP) - Hanwha Solutions Qcells has completed its solar cell production line at its Cartersville plant in Georgia and will begin mass production in July, the company said Wednesday. With the completion, Hanwha Qcells has finalized the construction of its U.S. “solar hub,” an integrated solar manufacturing base that covers the full value chain from ingots and wafers to cells and modules. The company said its U.S. production capacity now stands at 3.3 gigawatts each for ingots, wafers and cells, and 8.6 gigawatts for modules, making it the largest silicon-based solar module manufacturer in North America. The completion of the solar hub is expected to strengthen the company’s profitability by expanding benefits from U.S. clean energy policies. The company also expects its U.S.-made modules to gain a price premium in the American market, as the use of U.S.-made cells is considered important for solar project developers seeking to qualify for the Domestic Content Bonus Credit under the U.S. Inflation Reduction Act. Under the credit, developers that meet domestic content requirements can receive an additional tax credit equivalent to 10 percent of their total investment. Hanwha Qcells said it has maintained a strong position in the U.S. solar module market. Citing global research firm Wood Mackenzie, the company said it held a 38.5 percent share of the U.S. residential module market and a 15.5 percent share of the commercial module market in 2025. The figures marked the company’s eighth consecutive year at No. 1 in the U.S. residential module market and its seventh consecutive year at No. 1 in the commercial module market. “The completion of the U.S. solar hub is a milestone that reflects the technological and business capabilities Hanwha Qcells has steadily built despite external uncertainties and market changes,” said Park Seung-deok, CEO of Hanwha Qcells. “It is also significant in that we have established a strategic base to move beyond solar manufacturing and become a comprehensive renewable energy company,” he said. 2026-06-10 13:19:27 -
Emerging Bio Startups Focus on Personalized Medicine and Innovative Treatments Seoul City is collaborating with major biotech firms to nurture promising bio startups, drawing attention to the technological capabilities of the selected companies. While biotechnology may seem complex, these innovative firms are focused on transforming injections into pills, developing new drugs without animal testing, and identifying personalized medications for patients in advance. One standout is EnbioCell, selected in the fourth round by Celltrion. The company is developing a technology to convert GLP-1 class obesity treatments, which currently require injections, into oral medications. While these treatments are effective, the burden of self-injection can be significant for patients. EnbioCell aims to tackle this challenge with its proprietary technology that enhances absorption in the body while resisting stomach acid and digestive enzymes. If successful, this could greatly improve patient compliance and attract global market interest. AINB is leveraging artificial intelligence (AI) to design new drug candidates. Traditional drug development often involves a lengthy process of repeated experiments to identify potential candidates. However, AINB uses computer simulations to predict antibody structures that best bind to disease proteins, effectively acting as an AI that selects promising drug candidates. This approach has the potential to significantly reduce drug development costs. Imita Science exemplifies the future direction of biotechnology with its focus on "animal-free drug development." The company utilizes organ-on-a-chip technology that mimics human organ environments to verify drug efficacy and toxicity in advance. By obtaining data from human cell-based environments instead of traditional animal testing, the company aims to enhance clinical success rates. This technology is gaining traction in the global pharmaceutical industry due to ethical and cost considerations. Podotherapeutics, with its innovative organoid technology, cultivates stem cells extracted from patient tissues to create mini-organs in the lab. This allows for testing which drugs are most effective for individual patients before administering treatment, marking a significant step toward personalized precision medicine. Daewon Pharmaceutical has also selected intriguing companies. OmniaMed is developing a smart drug delivery system that releases medication only when specific substances, often found in cancerous tissues or inflamed areas, are detected. This aims to minimize common side effects of cancer treatment, such as hair loss and vomiting, by concentrating the drug's effects on the targeted lesions. CurioSabioScience possesses a platform technology that helps maintain consistent drug efficacy in the body over extended periods. The company is working on technologies to convert injections into oral medications that provide long-lasting effects, thereby reducing patient dosing burdens and enhancing global commercialization potential. Industry experts view the selected companies as pushing the boundaries of existing biotechnology. Seoul City, along with Celltrion and Daewon Pharmaceutical, will support joint research and commercialization verification over the next year. The initiative aims to combine the research capabilities of large corporations with the innovative technologies of startups to cultivate global biotech unicorns. Lee Soo-yeon, Director of the Economic Office at Seoul City, stated, "The open innovation at Seoul Biohub serves as a ladder for startups to gain experience and networks from global anchor companies, while providing large corporations with a platform to secure innovative technologies. We will spare no effort in supporting the selected startups to grow into unicorn companies that lead the global biotech market beyond South Korea." 2026-06-10 13:03:00 -
Power is Key in the AI Era: Gaon Cable Emerges as a Leader in AI Data Center Infrastructure The market's perception of Gaon Cable is shifting. Once regarded as a traditional manufacturer focused on medium and low-voltage cables, the company is now being reevaluated as a beneficiary of the growing U.S. AI data center market, positioning itself not merely as a "cable stock" but as a key player in "AI data center infrastructure." According to industry sources on June 9, interest in companies providing power infrastructure for AI data centers has surged alongside AI semiconductor firms in global stock markets. The rapid increase in power demand due to advancements in AI models and the expansion of data centers has heightened the importance of reliable power supply and distribution infrastructure. AI data centers consume significantly more power than traditional data centers. Next-generation AI data centers based on NVIDIA GPUs are reported to require hundreds of megawatts to over 1 gigawatt of power for a single campus. Consequently, investments in power infrastructure, including power grids, transformers, power cables, and bus ducts, have become critical components of data center construction. A major change for Gaon Cable is the expansion of its data center business centered around its U.S. subsidiary, LSCUS. LSCUS is enhancing its capabilities to execute data center projects locally and is broadening its business foundation to meet the surging demand for AI data center investments. Notably, LSCUS has secured multiple supply contracts for bus ducts aimed at data centers with global tech giants, rapidly expanding its presence in the North American market. Reports indicate that LSCUS recently signed a supply contract worth approximately 1.2 trillion won (about $1 billion) with a global tech company for three years, followed by another long-term contract worth around 4 trillion won (about $3 billion) with another major tech firm for five years. These contracts are significant not only as one-time orders but also as framework agreements that extend over several years. This structure allows for additional supply volumes as client companies expand their data center investments and construct new campuses, suggesting that actual supply levels could exceed the contracted amounts. In the North American data center market, the increasing complexity of power wiring and cooling designs due to high-density GPU servers is leading to a growing trend of adopting bus ducts, which offer higher installation efficiency and stability compared to traditional cables. AI data centers are characterized by ongoing expansions even after initial construction. With global tech giants like Meta, Microsoft, Amazon, and Google planning substantial investments in AI infrastructure over the coming years, the demand for data center power infrastructure is expected to rise accordingly. Considering that Gaon Cable's annual revenue is around 2 trillion won, the recently secured long-term contracts exceed twice the company's annual revenue. Given the nature of framework contracts, there is potential for additional orders based on the scale of client data center expansions and investment plans, indicating that future supply volumes could grow even larger. Industry experts believe that the expansion of AI data centers will not only drive demand for servers and GPUs but will also lead to overall growth in the power infrastructure market. In particular, the bus duct market, which efficiently distributes large amounts of power within data centers, is expected to be one of the rapidly growing sectors. In this context, the AI power infrastructure value chain centered around LS Cable is also gaining attention. LS Cable is expanding its core power infrastructure businesses, including ultra-high voltage cables, submarine cables, HVDC, and bus ducts, to meet the demands of the AI era. The construction of a submarine cable factory in Virginia and increased investments in the North American power grid are further strengthening its market presence in the U.S. LS Materials is also expanding its ultra-capacitor business. Ultra-capacitors are devices that stabilize power quality and compensate for instantaneous power fluctuations, finding increasing applications in data centers, power grids, and energy storage systems. Analysts suggest that LS affiliates are evolving beyond traditional cable companies to become players in the AI infrastructure sector. One industry insider noted, "In the past, the focus was primarily on semiconductor companies as beneficiaries of data centers, but now attention is shifting to infrastructure companies that supply and distribute power. Gaon Cable is likely to be evaluated not just as a cable manufacturer but as an AI data center infrastructure company." He added, "The long-term supply contracts secured by LSCUS hold significance beyond mere orders, as they establish a structure that can grow alongside the expanding AI investments of global tech companies, indicating potential for a reevaluation of corporate value in the future."* This article has been translated by AI. 2026-06-10 13:03:00 -
Korea's cash stimuli program helped merchants but stopped short of aiding economy: BOK SEOUL, June 10 (AJP) -The handouts of consumer coupons by the new Korean government last year aimed to jump-start lethargic consumption boosted revenue of around 2.8 trillion won ($1.8 billion) for small businesses last year, the Bank of Korea said Wednesday while acknowledging short-lived effect from cash benefits on broader economy. The central bank said in its latest study in Issue Note that about 30.9 percent of the 9.1 trillion won distributed through credit cards translated into additional sales at retail stores. Depending on the methodology used, the sales boost was estimated at between 1.4 trillion won and 3.6 trillion won, with the ratio of additional sales to fiscal input ranging from 16.1 percent to 39.8 percent. The consumer coupon program was included in the 2025 supplementary budget to stimulate household consumption and support small merchants. A total of 13.522 trillion won was distributed nationwide through credit cards, local gift certificates and prepaid cards, with credit cards accounting for about 70 percent of the total. The BOK analyzed credit card sales data from six card companies to estimate the impact on eligible merchants and conducted self-reported surveys of coupon recipients to assess the effect on household consumption. Local gift certificates and prepaid cards were excluded from the credit card sales analysis. Average monthly sales at eligible stores rose 2.91 percent more than at non-eligible stores, the BOK said. Under alternative estimation methods, the effect ranged from 1.46 percent to 3.76 percent. The impact was concentrated in the early stages of both the first and second rounds of payments and lasted only briefly. The BOK said the findings showed the coupon program was suited as a short-term policy response when stabilizing livelihood conditions was urgent. By region, the impact was stronger outside the Seoul metropolitan area in both the first round, which included differentiated regional support, and the second round, which did not. The overall effect was largest in non-capital regions, suggesting that coupons may generate a stronger consumption response in areas with weaker spending capacity. By sector, the effect was largest at general merchandise stores, followed by restaurants and leisure goods stores. The result indicates that the sales boost was concentrated in everyday consumption sectors, including food, clothing and optical goods. The effect on household consumption was more limited. The BOK estimated the marginal propensity to consume out of the coupons at 0.20, meaning households increased new spending by about 20,000 won for every 100,000 won received. Spending that would have taken place even without the coupons was excluded from the estimated consumption effect. The marginal propensity to consume tended to be higher among lower-income households. The BOK said the consumption effect could be increased if support targets were set more precisely and differentiated assistance was used together. By item, new consumption was more pronounced in durable goods, semi-durable goods and leisure, while the effect was smaller for necessities such as non-durable goods, education and medical services. The marginal propensity to consume was 0.21 in the first round, slightly higher than 0.18 in the second round. The BOK said the lower second-round effect may have reflected weaker policy visibility or a reduced sense of benefit, as the per-person payment fell to 100,000 won from 150,000 won to 550,000 won in the first round. Overall, the BOK estimated that the consumer coupon program lifted South Korea's gross domestic product growth in 2025 by about 0.12 percentage point. Depending on the methodology, the growth effect ranged from 0.07 percentage point to 0.15 percentage point. The central bank said the policy channel from higher disposable income to actual spending and merchant sales had functioned effectively. It also said income- and region-based differentiated support appeared to have helped boost spending among vulnerable groups and sales outside the capital region. Still, the BOK said similar programs in the future should be designed more precisely in terms of timing, differentiated support and eligible merchants to improve their economic effectiveness. It added that policy efforts are also needed to structurally improve the competitiveness and productivity of self-employed workers and small businesses. 2026-06-10 12:59:52 -
U.S.-Iran Tensions Boost Defense Stocks; Hanwha Aerospace Rises for Second Day Military tensions between the United States and Iran have intensified, leading to a surge in defense stocks. Hanwha Aerospace, which had seen a decline in investor sentiment following a recent explosion at its Daejeon facility, has experienced two consecutive days of gains amid expectations for increased defense demand. As of 12:49 p.m. on June 10, Hanwha Aerospace shares were trading at 1,025,000 won, up 9,000 won (0.89%) from the previous trading day. This follows a 0.99% increase the day before, marking a continued upward trend. The rise in defense stocks is attributed to escalating tensions in the Middle East. According to CNN, the Iranian Revolutionary Guard Corps (IRGC) announced via its Telegram channel that it had launched missiles and drones at U.S. targets in the region. This action is reportedly a retaliatory measure following U.S. airstrikes in response to the downing of an Apache helicopter belonging to the U.S. Army, which was shot down by an Iranian drone while patrolling over the Strait of Hormuz. President Donald Trump also indicated the possibility of further action, stating on his social media platform Truth Social that the U.S. would have to respond to the attack. As geopolitical risks in the Middle East grow, expectations for benefits to the global defense industry are increasing, leading to a surge in buying activity for domestic defense stocks like Hanwha Aerospace. However, uncertainties remain regarding the recent explosion at the Daejeon facility, which resulted in five fatalities and two injuries. Investigators are currently looking into the exact cause of the incident.* This article has been translated by AI. 2026-06-10 12:57:00