TSMC Accuses Former Executive of Leaking Trade Secrets as Taiwan Prosecutors Launch Investigation 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges 
Australia Releases New National AI Plan, Opts for Existing Laws to Manage Risks 
Apple Alerts EU Regulators That Apple Ads and Maps Meet DMA Gatekeeper Thresholds 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Netflix’s $72 Billion Warner Bros Discovery Deal Reshapes the Entertainment Landscape 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
ByteDance Unveils New AI Voice Assistant for ZTE Smartphones 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Spirit Airlines Reverses Pilot Furlough Plans Amid Updated Staffing Outlook 
Amazon and Google Launch New Multicloud Networking Service to Boost High-Speed Cloud Connectivity 
Banks Consider $38 Billion Funding Boost for Oracle, Vantage, and OpenAI Expansion 
South Korea’s leading game developer Krafton Inc. will establish a joint venture with Naver Z Corp. in the first half to create a virtual world for global users.
The JV, dubbed Project Migaloo, will run Persistent World, a virtual space in the metaverse where users can create digital content and trade it with NFTs on a blockchain system.
The JV is targeting the international market with mobile services and will launch a version compatible with both high-spec and low-spec personal computers (PCs).
Krafton, the developer of PlayerUnknown's Battlegrounds (PUBG), will move at least 100 employees to the JV to accelerate its metaverse services.
The game developer has proceeded with the metaverse project that provides blockchain, NFTs, web 3.0, and create-to-earn (C2E).
Naver Z Corp. is the metaverse unit of South Korean portal giant Naver Corp.
Krafton is sharing its expertise in developing gaming technologies, while Naver Z is responsible for planning the services and closing partnerships.
The virtual space Migaloo will be comprised of a content store, a users’ community, and the Sandbox, a blockchain-based ecosystem where players can build and monetize their gaming experiences.
