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Prosecutors Add Charges Against Kang Sun-woo and Kim Kyung for Illegal Political Donations Ahead of local elections, independent lawmaker Kang Sun-woo and former Seoul city councilor Kim Kyung have been additionally charged with illegal "split donations" using other people's names after being arrested for exchanging large sums of money in return for nominations.According to legal sources on September 16, the Seoul Central District Prosecutors' Office's Public Investigation Division 2, led by Chief Prosecutor Kim Hyung-won, indicted Kang and Kim on September 14 for violating political funding laws. This means the two will face trial not only for the previous campaign donation case but also for the new charges related to illegal political fundraising.Investigations revealed that Kim allegedly provided over 130 million won in donations to Kang multiple times after the June 1, 2022, local elections by borrowing the names of dozens of individuals. Current laws strictly prohibit using another person's name to make political donations, a practice known as "split donations."Kang is believed to have returned 100 million won to Kim immediately after receiving it as a bribe for a nomination, only to receive the same funds back through the irregular "split donation" method. Prosecutors concluded that both individuals attempted to disguise the illegal nature of the money as legitimate donations.Previously, both were arrested and indicted in March for allegedly exchanging a shopping bag containing 100 million won in a hotel in Yongsan, Seoul, in January 2022, in return for a single nomination for a city councilor candidate (violating political funding laws, among other charges).At that time, Kang, who was affiliated with the Democratic Party, nominated Kim as the sole candidate for the party in his district of Gangseo, Seoul, and Kim won the election.The Seoul Central District Court has assigned the newly added charges to the same criminal division currently handling the original campaign donation case. The court has decided to combine the two cases for joint hearings. However, the date for the first trial regarding the additional charges has not yet been set.Meanwhile, the sentencing hearing for their campaign donation case took place today at the Seoul Central District Court, where prosecutors are expected to present their recommendations and the defendants will make their final statements.* This article has been translated by AI. 2026-09-17 08:20:00 -
Daishin Securities Lowers LG Display's Target Price Amid Currency and IT Demand Concerns 대신증권은 LG디스플레이에 대해 올해 3분기 흑자전환이 예상되지만 환율 하락과 정보기술(IT) 기기 수요 둔화로 시장 기대치를 밑돌 것으로 전망했다. 투자의견 '매수'를 유지하고 목표주가는 1만2000원으로 하향했다. 박강호 대신증권 연구원은 17일 보고서를 통해 LG디스플레이의 올해 3분기 영업이익을 3253억원으로 전망했다. 전 분기 대비 흑자전환하지만 전년 동기보다는 24.5% 감소한 수준이다. 기존 추정치인 4360억원과 시장 컨센서스 4045억원도 밑돈다. 같은 기간 매출액은 6조6700억원으로 전 분기 대비 18.8% 증가하지만 전년 동기 대비로는 4.2% 감소할 것으로 추정했다. 시장 컨센서스인 6조9100억원에도 미치지 못하는 수준이다. 박 연구원은 실적이 시장 기대치를 밑도는 배경으로 원·달러 환율 하락과 원자재 가격 상승을 꼽았다. 그는 "원·달러 평균 환율이 지난 15일 기준 2분기 대비 4.6%, 6월 말 대비 12.7% 하락하면서 수익성에 부담으로 작용했다"며 "반도체와 주요 원자재 가격 상승으로 IT 기기 판매가격도 오르면서 수요가 둔화된 것으로 분석된다"고 설명했다. 북미 전략 거래선의 모바일용 유기발광다이오드(OLED) 패널 공급 증가와 프리미엄 모델 비중 확대에 따른 제품 믹스 개선은 긍정적으로 평가했다. 다만 메모리 가격 상승으로 스마트폰과 태블릿PC, 노트북 등의 판매가격이 오르고 수요가 둔화하면서 부품업체의 수익성 부담으로 이어질 것으로 봤다. 대신증권은 LG디스플레이의 올해 하반기 영업이익을 6317억원으로 전년 동기 대비 5.4% 증가할 것으로 전망했다. 연간 영업이익은 지난해 5170억원에 이어 올해 6707억원, 내년에는 1조600억원까지 확대될 것으로 내다봤다. 박 연구원은 "중장기적으로 북미 전략 거래선 내 점유율 증가와 대형 OLED 패널의 감가상각비 축소, OLED 매출 비중 확대에 따른 수익성 개선 흐름은 유효하다"고 평가했다. 다만 올해와 내년 주당순이익(EPS) 전망치를 각각 적자 유지, 45% 하향 조정하면서 목표주가도 1만2000원으로 낮췄다. 박 연구원은 "북미 전략 거래선의 스마트폰 출시 전략이 상·하반기로 전환되면서 2027년 상반기에는 과거와 같은 비수기 영향이 최소화될 것"이라며 "고정비 부담 완화와 수익성 개선 가능성이 높다"고 말했다.* This article has been translated by AI. 2026-09-17 08:16:00
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Former Kakao Brain CEO Kim Il-doo Faces Lawsuit Over Misuse of $90 Million Investment Kim Il-doo, the former CEO of Kakao Brain, a subsidiary of Kakao specializing in artificial intelligence (AI), has been sued for allegedly misusing investment funds from an AI startup he founded.According to Yonhap News Agency, the Seocho Police Station in Seoul reported on September 16 that it has received over ten complaints against Kim since November of last year, alleging breach of trust and fraud under the Act on the Aggravated Punishment of Specific Economic Crimes.The complainants claim that Kim used the investment funds raised for his AI search startup, Open Research, for purposes different from those originally stated. The amount in question is approximately 9 billion won.Some complainants allege that the funds were used for personal purposes, including gambling and loan sharking, and are demanding their return. The police are currently investigating the specific uses of the funds and verifying the claims made by the complainants.One of the partner companies that provided services to Open Research has also filed a separate fraud complaint against Kim, claiming it has not received payment for work amounting to tens of millions of won.In a public apology issued at the end of last year, Kim admitted to his gambling and loan sharking activities. He stated that he began borrowing money to recover gambling losses after first visiting a casino during a business trip to Las Vegas in April 2024, and he acknowledged that he lied during the borrowing process.While leading Kakao Brain, Kim was responsible for the development of Kakao's AI research, including the Korean-language generative AI model 'KoGPT' and the image generation AI 'Kalo.' He later founded Open Research in July 2024, launching the AI search service 'oo.ai.'Open Research initially attracted attention in the AI search sector by securing 10 billion won in investments, but the service was reportedly discontinued in April of this year.The police are investigating the allegations regarding the misuse of investment funds and the claims of unpaid fees from partner companies.* This article has been translated by AI. 2026-09-17 07:56:00
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Mayfield Hotel to Host Dionysus Wine Fair on September 19-20 Wine enthusiasts will encounter the artwork of Jean-Jacques Sempé through their glasses. French wine, gourmet food, music, and art will come together in Seoul's autumn garden.Mayfield Hotel Seoul announced that it will hold the 24th Dionysus Wine Fair at the hotel's outdoor Bell Tower Garden on September 19 and 20.This year's event, themed 'Falling in Wine with French Romance,' will showcase French wines, food, music, and art. Sixteen wine companies, including Gyeongyang International, Lotte Wine, Olvin Wine, Vino H, Jangseong Global, Wine Brothers, PNS, and Vina Roma, will participate. Attendees can sample a variety of wines at booths set up from 5 PM to 10 PM in the Bell Tower Garden.The event will also feature works by French illustrator Jean-Jacques Sempé. In collaboration with the 'Bonjour, Jean-Jacques Sempé: A Perspective on the World' exhibition at My Art Museum One Grove, customers who purchase table tickets will receive admission tickets to the exhibition. This offer is limited to the first 500 tickets, and the exhibition will be open until November 14.Food pairings will include flank steak with Burgundy red wine sauce, citrus vinaigrette with seafood salad, and more. Additional pairing options such as jambon and Comté pizza, grilled octopus, and cheese and olive platters will be available for purchase.Live performances by a modern pop band will take place at 7 PM in two sessions. Between performances, a raffle will offer prizes including hotel accommodation vouchers, buffet dining passes, and wine.Lee Sun-woo, head of marketing at Mayfield Hotel, stated, "This year's Dionysus Wine Fair aims to provide a richer experience by combining the romance of France with wine, gourmet food, music, and art." 2026-09-17 07:48:00
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Former Sejong City Councilor Sentenced for Sexual Assault of Male Colleagues A former Sejong City councilor, Sang Byeong-heon, who was convicted of sexually assaulting male colleagues, faced a two-year prison sentence requested by prosecutors during his appeal hearing.On September 16, the Daejeon District Court's Criminal Appeals Division 5-2, presided over by Judge Ahn Yeong-hwa, held a hearing to conclude the appeal regarding Sang's sexual assault charges. The prosecution requested the same two-year sentence as in the first trial.Sang was accused of groping a male councilor, identified as A, from his own party, and kissing another male councilor, B, from the opposition People Power Party, during a dinner and drinking session in August 2022 in Yeouido, Seoul.During the investigation, Sang also filed a counter-complaint against A for sexual assault. However, this claim was deemed false, leading to additional charges of false accusation against him.In the first trial, prosecutors sought a two-year prison sentence for Sang. The court acknowledged the sexual assault charges and sentenced him to 18 months in prison, along with a requirement to complete 40 hours of sexual violence treatment programs.However, the court did not place Sang in custody, citing no risk of evidence tampering or flight, and the need to provide him an opportunity to compensate the victims.Following the initiation of expulsion procedures from the Sejong City Council, Sang resigned from his position. He had previously been expelled by the Democratic Party's Sejong City chapter.The appeal ruling is scheduled for November 25, with the final sentence to be determined by the court's decision.* This article has been translated by AI. 2026-09-17 07:36:00
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Concerns Rise Over '10 Trillion Yen Carry Trade' Ahead of U.S. and Japan Rate Decisions ◆아주경제 주요뉴스▷미·일 금리인상 결정 앞두고…커지는 '10조 엔캐리' 청산 공포-On September 16, the U.S. Federal Reserve is expected to announce its decision on interest rates, followed by the Bank of Japan on September 18. Both central banks are anticipated to raise rates by 25 basis points (1 basis point = 0.01 percentage points).-As the possibility of simultaneous rate hikes in the U.S. and Japan looms, market participants are closely monitoring the direction of the yen's value. The impact of this coordinated rate increase on the yen's strength or weakness is significant for the global capital markets. If the yen continues its upward trend, there is speculation about the unwinding of the 'yen carry trade,' which could reach $1 trillion.-Leading indicators in the global capital markets suggest an impending unwinding of the yen carry trade. According to the Commodity Futures Trading Commission (CFTC) report on investor positions as of September 8, speculative net positions in yen futures totaled 10,796 contracts.-Tension is rising in the domestic capital markets as well. Concerns are growing that a surprise rate hike by the Bank of Japan in August 2024 could trigger a repeat of the yen carry trade unwinding. According to Eugene Investment & Securities, the foreign currency-denominated assets of Japanese investment trusts reached 133.3091 trillion yen (approximately $1.167 trillion) as of July, a 75% increase from 76.7558 trillion yen in August 2024.◆주요 리포트▷AI 회사채 시대, 늘어나는 장기 듀레이션 공급 -The yield on the U.S. 10-year Treasury bond has risen more than 100 basis points since the beginning of the year. Rising oil prices have fueled expectations of inflation, reflecting a robust economy and leading to upward adjustments in the Federal Reserve's interest rate trajectory. The increase in Treasury and corporate bond supply is contributing to rising term premiums.-Previously, the increase in long-duration supply was primarily driven by the expansion of Treasury issuance due to rising fiscal deficits. However, with the growing investment in artificial intelligence (AI), large tech companies are rapidly increasing their external funding.-Notably, the issuance of high-quality corporate bonds related to AI is concentrated in long maturities, leading to an increase in new long-duration supply from the private sector. It is important to note that while the issuers of Treasury and corporate bonds differ, the investor base accepting long durations overlaps to some extent.-Although Treasury bonds and high-quality corporate bonds differ in terms of safety and liquidity, long-duration investors such as insurance companies and pension funds compare the yields and risks of both markets to allocate funds accordingly.-When Treasury yields rise, corporate bonds must also be issued at higher rates. Conversely, if a large supply of corporate bonds increases their yields, the relative attractiveness of Treasuries may decrease. In an environment where both Treasury and corporate bond supplies are increasing simultaneously, the required yields in both markets can influence each other, adding upward pressure on long-term interest rates.◆장 마감 후(16일) 주요공시▷STX, 670억원 유상증자…범한산업 주식회사에 제3자배정▷모아라이프플러스, 20억원 유상증자…에이원성장투자조합에 제3자배정▷앤씨앤, 100억원 유상증자…주식회사 비투엔 등에 3자 배정▷아리바이오랩, 180억 제3자배정 유상증자◆펀드 동향(15일 기준, ETF 제외) ▷국내 주식형: +3조4053억원▷해외 주식형: +1590억원* This article has been translated by AI. 2026-09-17 07:24:00
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South Korea and Central Asia Expand Cooperation on Key Minerals and Manufacturing AI South Korea and five Central Asian countries are expanding cooperation on key mineral supply chains and the transition to manufacturing artificial intelligence (AI). They have also established a new multilateral ministerial consultative body and signed cooperation documents and memorandums of understanding (MOUs) between governments and businesses.The Ministry of Trade, Industry and Energy announced on September 17 that the first Korea-Central Asia Summit, held in Seoul from September 14 to 16, laid the groundwork for economic cooperation with Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.This marks the first time in 34 years of diplomatic relations that South Korea and the five Central Asian countries have gathered to discuss industrial and key mineral supply chain cooperation. The plan is to connect the strategic minerals held by each country with South Korea's manufacturing and processing technologies to establish a cooperative system that spans from local refining to high-value processing and finished product production.Initially, the governments held the first Korea-Central Asia Ministerial Meeting on September 14, where they signed an MOU on industrial and supply chain cooperation. This created a ministerial-level consultative channel to discuss responses to supply chain crises and industrial diversification.Eight bilateral cooperation documents were also signed. With Kazakhstan, a basic agreement on oil cooperation was established to enhance collaboration across the entire oil value chain, including oil field development and petrochemicals. An MOU on nuclear cooperation was also signed to support comprehensive collaboration in nuclear power and the entry of South Korean companies into the local market.With Kyrgyzstan, the existing trade and investment cooperation MOU was revised to expand the scope of cooperation to include key minerals, halal products, and digital transformation, along with the establishment of a regular consultative body at the director level. Tajikistan and South Korea signed their first industrial cooperation MOU since establishing diplomatic relations, laying the groundwork for collaboration in mining, key minerals, AI, textiles, and chemicals.In cooperation with Turkmenistan, they will promote policy, technology, and human resource collaboration in the chemical industry and plant sectors. With Uzbekistan, three MOUs were signed covering a comprehensive cooperation platform for key minerals, the transition to manufacturing AI, and strengthening export capabilities. Plans are in place to expand cooperation in processing technology and human resource development through a rare metals center and to promote AI manufacturing innovation linked to official development assistance (ODA).Private business cooperation also progressed. At a bilateral event on September 15, 97 MOUs were signed, including 78 with Kazakhstan, five with Uzbekistan, and 14 with Turkmenistan. These agreements encompass the construction of gas processing plants, expansion of petrochemical facilities, development of the Alatau smart city, and exploration and development of key minerals.On September 16, a business summit attended by leaders from six countries and over 520 businesspeople adopted a joint declaration and exchanged an additional 19 MOUs. These included Hyundai Motor's collaboration on the Alatau smart city, the Korea Institute of Industrial Technology's cooperation on rare metals technology, and SAC's export of alloy plant equipment.The Ministry stated, "We plan to regularize the ministerial meetings and monitor the implementation of key projects through practical consultative bodies, while also addressing business challenges by linking local embassies and the Korea Trade-Investment Promotion Agency (KOTRA) trade offices."* This article has been translated by AI. 2026-09-17 06:04:10
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Siemens Expands AI Ecosystem in South Korea's Semiconductor, Shipbuilding, and Bio Industries Artificial intelligence (AI) is evolving from merely assisting engineers to making decisions about the movement of production equipment, a development referred to as 'Physical AI.' Siemens is broadening the application of AI in manufacturing by integrating digital twins, industrial AI, and automation technologies. The company is expanding its collaborations with domestic firms in key industries such as semiconductors, shipbuilding, and biotechnology.In an interview with Aju Economy on September 16, Jeong Ha-jung, CEO of Siemens Korea, noted, "Even global experts did not anticipate such a rapid transition from agentic AI to Physical AI," indicating that the shift in South Korea's manufacturing sector towards AI is occurring much faster than expected.Changes are already evident in the engineering field. A prime example is the Siemens Industrial Copilot, developed in collaboration with Microsoft, which utilizes generative AI. Previously, engineers had to write programmable logic controller (PLC) programs and design human-machine interface (HMI) screens manually. Now, they can input requirements in natural language, allowing AI to suggest program code and generate drafts for screen layouts.Jeong explained, "In the past, changing the factory control screen required rewriting the program, but now you can simply say, 'Put temperature and humidity on the left and create a change graph on the right,' and the AI will adjust the screen accordingly." He added that while natural language-based technology is still new and has not yet been widely applied in domestic manufacturing, its adoption is expected to accelerate significantly.The role of AI is expanding from assisting in program writing to determining the actual actions of machines. Jeong cited a robotic arm showcased at the Hannover Messe as an example. When instructed to place items of varying shapes and materials, such as shoes, hats, and scarves, into a bag, the AI-guided robotic arm recognizes the outcome and adjusts its next actions accordingly.He described a scenario where the robotic arm placed a scarf into the bag, but half of it spilled out. The AI then determined there was an issue with the task outcome. "While traditional manufacturing focused on repeating standardized tasks, AI can now assess situations and results to modify its approach," he said.Automated guided vehicles (AGVs) are also moving beyond fixed routes by integrating AI. Jeong explained, "If you instruct an AGV to transport a 10 kg item to a specific location, it can recognize obstacles along the way and navigate around them to reach the destination," highlighting how AI enables these vehicles to make decisions based on their surroundings.Supporting this Physical AI is another key component: the 'digital twin.' This technology creates a virtual representation of actual products and production processes, allowing for pre-validation and optimization of design and production conditions. Siemens is developing an industrial foundation model (IFM) that understands the 'engineering language' of industrial sites, linking digital twins with the Industrial Copilot.The company is broadening its industrial collaboration scope in South Korea, recently signing a memorandum of understanding (MOU) with HD Hyundai to explore cooperative opportunities. Jeong emphasized the significant value of digital twins in shipbuilding, where vessels can contain up to a million components, making their structures complex. He noted that traditionally, verifying whether designs functioned correctly required physical testing, which incurred substantial costs. "If we can simulate in a digital environment, we can validate various conditions before actual production," he said, explaining that this approach can significantly reduce cost burdens.Siemens is also pursuing collaboration with Naver Cloud to combine AI and cloud technologies with Siemens' industrial expertise. Jeong stressed that the transition to AI in manufacturing cannot be achieved by a single company alone, highlighting the need for collaboration across various sectors.He stated, "Digital transformation and AI cannot be accomplished by one company alone. Siemens also requires collaboration with various partners, making alliances crucial." He noted that Naver Cloud has strengths in AI and cloud technology, which can synergize with Siemens' industrial capabilities.Jeong also emphasized that manufacturing AI should enhance product quality and price competitiveness. "The competitiveness of manufacturing ultimately lies in supplying good products at low prices," he said, adding that products lacking quality, even if inexpensive, are meaningless, and conversely, high-quality products that are excessively priced struggle to compete. He concluded, "Ultimately, we must consider how to produce good products at lower costs."* This article has been translated by AI. 2026-09-17 06:04:00
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Government to Develop Ultra-Regional Transportation Network Linking Five Regions The government is set to establish an ultra-regional transportation system that connects regions in line with the 'Five Regions and Three Special Zones' national balanced development strategy.On September 17, the Ministry of Land, Infrastructure and Transport's Metropolitan Transportation Commission announced the formation of an 'Ultra-Regional Transportation Policy Forum' to develop policies related to ultra-regional transportation in conjunction with the Five Regions and Three Special Zones initiative.This forum aims to discuss the direction for building transportation networks between regions, moving beyond the existing metropolitan-centered transportation system to address the regionalization of living, economic, and industrial areas. Approximately 20 experts from academia and research institutions in related fields such as transportation, railways, roads, urban planning, regional development, and balanced development will participate.The forum will analyze transportation demand and travel characteristics for each ultra-regional area and discuss the direction for constructing the ultra-regional transportation network, funding strategies, implementation systems, and improvements to related laws and regulations. It will particularly focus on developing transportation network plans that reflect the characteristics of each region and functional connections between them, in line with the Five Regions and Three Special Zones strategy.The forum will hold its first meeting on September 29 and will conduct monthly policy workshops. Separate advisory meetings will also be held as needed for major issues. Based on the discussions, the commission plans to announce the final ultra-regional transportation strategy by the end of the year following a policy discussion in December.The commission will also link the regional field tasks identified by the 'Regional Public Transportation Network Expert Committee' of the Local Era Committee with the 'Five Regions and Three Special Zones Regional Development Strategies' being developed by local governments. It will work with relevant ministries, local governments, the Local Era Committee, and the Office for Government Policy Coordination to refine the ultra-regional transportation policy direction at the government level.Kim Yong-seok, chairman of the commission, stated, "As the major transformation of the national spatial structure under the Five Regions and Three Special Zones initiative begins, the ultra-regional transportation network that enhances connectivity will be a key infrastructure to boost regional economic and industrial competitiveness and drive national balanced development. We will create transportation policies that ensure practical mobility rights for regions and enhance the competitiveness of ultra-regional areas."* This article has been translated by AI. 2026-09-17 06:04:00
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Exploring Astra and AGI Entrepreneurship Is OpenAI's Astra (GPT-6) an example of Artificial General Intelligence (AGI)? Can AGI innovate business and elevate the economy to a new level? What exactly is AGI, and how does it compare to human intelligence?Human intelligence defines and solves problems simultaneously. AGI addresses given problems independently, finding solutions without prior knowledge in unfamiliar environments, though it currently operates only in digital contexts. It lacks the understanding of the physical world, limiting its ability to effectively engage with real-world issues.While a human can perform tasks with 20 watts of energy, current AGI systems require hundreds of megawatts and large-scale systems. Humans, constrained by energy limits, rely on experience and intuition for leaps in reasoning, whereas AGI can derive optimized answers through extensive repetition over days, producing results beyond human imagination.Humans alone bear the responsibility for outcomes. AGI-equipped agents communicate efficiently in a language called Neuralese, encoded as vector values, while humans, despite their less efficient communication, collaborate through empathy and the creation of invisible narratives. To control AGI, it is essential to develop technologies that can decode their communications while avoiding interference.Can we dismiss Astra as not being AGI? It has achieved a 92.7% accuracy in the ScreenSpot-Pro benchmark test, which measures the ability to accurately perceive screens in commonly used operating systems and web browsers. In the OSWorld 2.0 benchmark, which assesses the ability to complete complex tasks using a mouse and keyboard, Astra recorded a 72.6% success rate within an average of 40 minutes.Other AI models perform at approximately 60-70% efficiency within an average of 75 minutes, while humans fall into the 72.3% range. These results reflect Astra's efficient mechanisms in problem-solving through repeated reasoning. In the GPQA Diamond benchmark for doctoral-level reasoning, Astra achieved a success rate of about 96%. Other AI models encounter hallucinations in the 70-90% range, while expert human reasoning yields an average of 65-74%.In the ARC-AGI benchmark, which tests problem-solving in unfamiliar environments without prior knowledge, Astra reached a remarkable 99.9%. Other AI models have been stuck at 30-40% for years, while humans average around 48%.Can AGI generate revenue? Is it possible for nations to sustain growth through AGI? Will we continue to see an era where increasing employment and system improvements lead to higher revenues? Perhaps we should ask where AGI's computational power is not needed. Is it in questioning, multi-agent management, and the ability to validate AGI outputs?If autonomous reasoning by AGI becomes the norm, then competitiveness may hinge not on software sales or labor costs, but on the ability to solve problems effectively. This suggests a rapid shift towards an Agent-as-a-Service (AaaS) model, where clients are charged for the results achieved by agents. Will there be a future if we do not disrupt today's revenue model?Is a competitive advantage achieved by providing proactive services to a single customer, securing closed local data, and enhancing AGI alignment? We are entering an era where challenging humanity's complex problems in real-time and boldly discarding traditional work methods is becoming common sense.We must fully integrate AGI into manufacturing and services, merging agents previously confined to digital spaces with robotics to create Physical AI, supported by gigawatt-level infrastructure. Can we cultivate a system that produces paradigm designers who explore uncharted paths alongside AGI, rather than merely training individuals to find quick answers?* This article has been translated by AI. 2026-09-17 06:04:00