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Bloomberg

South Korea Unveils Plan to Sustain Lead in AI

South Korea unveiled an ambitious plan aimed at cementing its status as a technological powerhouse, with companies led by Samsung Electronics Co. and SK Hynix Inc. initiating large-scale investments in memory chips, data centers and robotics. Samsung and SK Hynix leaders sat next to President Lee Jae Myung at a briefing, and are expected to give more details of their future investment plans. Bloomberg's Cat Barton reports from Seoul.

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Grafa

Karoon Energy shares jump as restored SPS-92 well lifts Baúna output

Karoon Energy (ASX:KAR) has restarted production from the SPS‑92 well at the Baúna Project in Brazil after replacing the well’s electrical submersible pump, with SPS‑92 now producing about 8,600 barrels of oil per day and total Baúna output at roughly 20,500 bopd before natural decline.

Leia mais: Karoon Energy shares jump as restored SPS-92 well lifts Baúna output
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Silex completes quantum silicon plant, eyes Q1 2027 output

Silex Systems (ASX:SLX; OTCQX:SILXY) has completed construction of the SILEX Quantum Silicon (Q‑Si) Production Plant, described as the world’s first laser‑based silicon enrichment facility, at its site in Sydney and has begun commissioning work on the plant’s laser system and first two enrichment reactors.

Leia mais: Silex completes quantum silicon plant, eyes Q1 2027 output
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ASIC secures $10.3m penalty against Mercer Super over reporting failures

Mercer Super, one of Australia’s largest super funds with about $80 billion in assets and more than one million members, has been ordered by the Federal Court to pay $10.3 million in penalties for systemic failures to report investigations into serious member service issues to ASIC.

Leia mais: ASIC secures $10.3m penalty against Mercer Super over reporting failures
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Atlas Arteria chair Goodin steps down as IFM takes majority control

Atlas Arteria (ASX:ALX) has lodged a sixth supplementary target’s statement with ASIC and ASX, reiterating its independent directors’ unanimous recommendation that securityholders reject IFM Global Infrastructure Fund’s off‑market cash offer for Atlas Arteria stapled securities.

Leia mais: Atlas Arteria chair Goodin steps down as IFM takes majority control
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Director Trent Bowden pleads guilty to misusing $1.5m in investor funds

Former company director Trent Bowden has pleaded guilty in the Perth Magistrates Court to three charges of dishonestly using his position as director of Trent Bowden Trading Pty Ltd to gain an advantage for himself, in connection with more than $1.5 million of investor funds.

Leia mais: Director Trent Bowden pleads guilty to misusing $1.5m in investor funds