Tag: korean

  • North Korean agents using AI to trick western firms into hiring them, Microsoft says | North Kore…

    North Korean agents using AI to trick western firms into hiring them, Microsoft says | North Kore…

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    North Korean agents using AI to trick western firms into hiring them, Microsoft says

    Firm says AI tools are masking identities of false applicants, who then funnel wages from remote IT jobs to North Korea

    Fake IT workers deployed by North Korea are using AI technology, including voice-changing tools, to trick western companies into hiring them, Microsoft has said.

    The US tech firm said a signature Pyongyang money-raising ruse is being enhanced by AI, which is helping create fake names and alter stolen IDs to increase the credibility of false applicants for IT and software development jobs.

    The scam typically involves state-backed fraudsters applying for remote IT work in the west, using fake identities and the help of “facilitators” in the country where the company targeted is based. Once hired, they send their wages back to Kim Jong-un’s state and have even been known to threaten to release sensitive company data after being fired.

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  • Panic Sweeps Korean Stocks in Biggest Two-Day Crash Since 2008 | South Korea’s Kospi sees worst d…

    Panic Sweeps Korean Stocks in Biggest Two-Day Crash Since 2008 | South Korea’s Kospi sees worst d…

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    South Korea's Kospi sees worst day in 19 months amid broader decline in Asia markets

    South Korea's Kospi saw its worst day in 19 months, weighed down by heavyweights Samsung Electronics and SK Hynix that fell almost 10% and 12%, respectively, on Tuesday as trading resumed after a public holiday.

    The index tumbled 7.24% to 5,791.91. Samsung shares plunged after a report revealed that mass production at the company's U.S. plant in Taylor, Texas had been pushed back to 2027 from this year.

    The country's defense stocks, however, surged, with some names rising over 20%.

    Other Asia-Pacific markets tumbled as the conflict in Iran continues to rage on for a fourth day, denting risk sentiment.

    Oil prices extended gains after Iran reportedly said it had closed the Strait of Hormuz, with U.S. crude futures up 2.16% to $72.78 per barrel, while Brent was up 2.78% to trade at $79.91 per barrel as of 2.38 a.m. ET.

    KOSPI opens sharply lower following over 7% dip amid Middle East tension

    The screen displays the KOSPI index at a dealing room at Hana Bank's headquarters in central Seoul, Wednesday. Yonhap

    Seoul shares extended losses late Wednesday morning, falling more than 8 percent, as escalating concerns over the economic fallout from the Middle East conflict continued to weigh on investor sentiment.

    After opening 3.44 percent lower, the Korea Composite Stock Price Index (KOSPI) extended its losses, tumbling 468.98 points, or 8.1 percent, to 5,322.93 as of 11:45 a.m., following a plunge of more than 7.24 percent the previous session.

    The Korea Exchange (KRX) triggered circuit breakers shortly after the KOSPI fell more than 8 percent amid heightened geopolitical tensions.

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  • South Korean decision to close all coal-fired power plants by 2040 sounds alarm for Australian ex…

    South Korean decision to close all coal-fired power plants by 2040 sounds alarm for Australian ex…

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    South Korean decision to close all coal-fired power plants by 2040 sounds alarm for Australian exports

    Decision announced at Cop30 climate conference signposts risks for Australia’s reliance on fossil fuel exports, analysts say

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    The Australian government has been urged to prepare for a shift away from thermal coal exports and accelerate green industries after one of its main international customers signed up to close all coal-fired power plants by 2040.

    South Korea, Australia’s third-biggest market for coal burned to generate electricity, announced at the Cop30 climate conference in Brazil that it was joining the “Powering Past Coal Alliance”, a group of about 60 nations and 120 sub-national governments, businesses and organisations committed to phasing out the fossil fuel.

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