Tech and industrial sectors face audits and major launches

The technology and industrial sectors are facing a busy week marked by government oversight and major product developments. In South Korea, the National Assembly is conducting audits of various sectors, including energy companies and ICT institutions. CEOs from major oil firms, such as GS Caltex and SK Energy, have been called as witnesses to address allegations regarding petroleum price collusion.

On the industrial front, the SEDEX semiconductor exhibition is opening in Seoul, featuring a keynote by SK hynix President Ahn Hyun regarding memory innovation in the AI era. Additionally, the cybersecurity landscape is under scrutiny following reports of hacking incidents affecting several major financial institutions in Korea.

In the automotive sector, Lexus Korea is launching the eighth-generation All New ES, which includes both hybrid and pure electric vehicle trims to target the growing electrification market.