AGP Executive Report
Last update: 8 hours agoCybersecurity: CrowdStrike says a likely China-based attacker used AI tools to target South Korean financial firms; at least nine banks have disclosed or been reported as targets since late September. The activity has not been tied to a named group. Semiconductors: SK hynix is showcasing next-generation AI memory as Seoul shares rebound from a seven-day rout. Investors remain wary of chip valuations and Chinese competition, despite Goldman Sachs’ view that CXMT’s threat to advanced memory is overstated. Jobs and Growth: South Korea added 113,000 jobs in September for a third straight month of gains, with manufacturing employment rising for the first time in 27 months. Youth employment continued to fall, extending its decline to 47 months, even as the government points to exports as a driver of recovery. Biopharma: A Seoul High Court expanded the production processes protected from disruption during a Samsung Biologics strike from three to nine, citing risks to raw materials and products. Defense Technology: Hanwha Systems says its Cheongwang laser air-defense weapon intercepted all three drones in a Korean Army test. The company puts the cost at about $1.50 per shot and is targeting export markets.
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