OpenAI Agents Linked to RubyGems Cyberattack 
Meta’s AI Shopping Push Grows as Agentic Commerce Remains Below 1% 
Treasury Buyback Fails to Cool Long-Term Yields 
Nvidia Eyes $10 Billion Investment in Anthropic IPO 
Bill Gates Warns Governments Are Unprepared for AI Disruption 
Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets 
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 
China Industrial Output Beats Forecasts as Exports Support Growth 
Cathie Wood Backs AI Slowdown as Safety Concerns Grow 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
US Futures Fall as Fed Meeting, Oil Surge Rattle Markets 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
Gulf Ministers to Meet Iran in Oman Over Hormuz Shipping Deal 
Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets 
UK Businesses Urge Government to Cut Electricity Levies 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
Rosenblatt Starts Nokia at Buy on AI Networking Growth 
Add as a preferred source on Google
The Seoul Central District Court approved the prosecution's request to put the former chairman of Kumho Asiana Group, Park Sam-koo under pre-trial detention after questioning him on charges of masterminding unfair financial transactions among group affiliates.
The 76-year-old Park allegedly made huge gains from the transactions.
He was arrested on Thursday.
Park was then charged for mobilizing Asiana Airlines and other group companies to support Kumho Buslines, which was controlled by him and his family.
Park resigned as chairman of Kumho Asiana Group and its affiliate Asiana Airlines in 2019 due to the controversial bookkeeping for the nation's No. 2 carrier.
In 2016, the Kumho Asiana Group allegedly signed an exclusive deal with Swiss airline caterer Gategroup to provide in-flight meals for Asiana.
Gategroup subsequently acquired 160 billion won worth of bonds with warrants issued by Kumho Buslines with a zero rate of interest. The Kumho company earned 16.2 billion won in the said transaction, according to the antitrust watchdog Korea Fair Trade Commission (KFTC),
Nine group companies, including Kumho Industrial Co., also lent 130.6 billion won in 45 installments to Kumho Buslines without security and at an interest rate of 1.5 to 4.5 percent, which was lower than the normal 3.49 to 5.75 percent interest rate.
The KFTC concluded that Kumho Buslines gained 16.9 billion won from the interest rate gaps, with Park and his family pocketing at least 7.7 billion won in profits and 250 million won in dividends.
The KFTC has imposed a 32 billion won fine on the group and reported Park and two group executives to the prosecution for criminal investigations.
