Austal Shares Surge 16% as Hanwha Offers Up to $1.2 Billion for U.S. Shipbuilding Business 
Asian Stocks Mixed as RBA Holds Rates, Oil Risks Rise 
Yen Stabilizes After Intervention Slide as Australian Dollar Hits Eight-Week High 
England Drought Expands to 71% as Heatwave Deepens Water Crisis 
Singapore Raises 2026 GDP Growth Forecast to 4.5%-5.5% as AI Boom Fuels Economy 
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
Trump Weighs Capital Gains Tax Cuts Ahead of Midterms 
Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch 
European Stocks Flat as Oil Prices Rise, US CPI in Focus 
South Korean Won Leads Asian FX Losses as Dollar Rises 
Gold Prices Hold Near Seven-Week High as Markets Await U.S. Inflation Data 
Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico 
Hanwha Offers Up to $1.2 Billion for Austal US Business 
Asian Stocks Rise as AI Chip Rally Lifts South Korea, Japan 
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium 
JPMorgan Plans More Asia-Pacific Hiring in 2027 as Corporate Banking Revenue Surges 
Samsung Electronics and Naver Cloud are joining forces to build South Korea’s first-ever private 5G network. On Thursday, June 2, the former announced they had launched the technology for their joint project.
As per The Korea Herald, the private wireless 5G network is designed to help secure data-intensive communications of a particular entity in a specific area, and this will initially be installed in Naver’s second HQ building called the Naver 1784 which is located in Seongnam, Gyeonggi Province, a tech hub in the Bundang district.
The private network will be exclusively utilized for a number of Naver robots that will go around the Naver Seongnam headquarters. The robots are expected to move between the floors using ultralow latency wireless communications.
The Naver HQ is a 36-story building and currently has 40 robots moving around three floors. The machines are mainly used to provide services, including food and beverage deliveries.
The robots are also able to explore the building with the help of a virtual space that recreates the real world. These are able to do this through the use of various technologies, including artificial intelligence (AI), digital twin, and three-dimensional mapping.
Samsung Electronics stated that the private 5G network is set to start operating this month but did not provide a specific date. This will serve as a neural network, which is a computer system modeled on the human brain and nervous system that links up to tens of thousands of robots at the same time. Naver Cloud’s infrastructure serves as the shared brain for the robots, so they are able to travel even without a chipset installed in them.
Samsung Electronics and Naver first signed a memorandum of understanding (MoU) for their private 5G partnership in March. They will also be extending their collaboration to upcoming data center projects in Sejong.
“Naver’s new headquarters serves as a test bed to explore technologies of the future, where 5G network and cloud play a central role,” Naver Cloud’s executive director at Naver Cloud strategy and planning, Sang Young Han, said in a press release. “Together with Samsung, we will continue to develop new private 5G networks business models and cooperate to help more companies achieve digital transformation with cloud technology.
