Bank Of America Fined $1.2 Billion By U.S. Government For Failing To Police Suspicious Activity

HuffPost - Oct 13, 2026

The fine comes days after American Express was also hit with a $350 million penalty for similar anti-money laundering shortcomings.

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Hyundai Motor Group chief marks 6 years at helm with physical AI ambitions

Oct 14, 2026

Hyundai Motor Group chief marks 6 years at helm with physical AI ambitions

Hyundai Motor Group Executive Chairman Chung Euisun marks six years at the helm on Wednesday, spearheading the automaker’s transformation into a global top-three auto player by sales and steering it into a key future mobility player focusing on robotics, autonomous driving and artificial intelligence (AI). The next phase of his leadership, however, will hinge on whether the group can turn its physical AI ambitions into profitable businesses. Chung is also tasked with addressing mounting pressure on its core automotive operations and labor relations. Since taking the top post in 2020, Chung has overseen Hyundai Motor and Kia’s rise to the world’s third-largest automotive group by vehicle sales, behind Toyota and Volkswagen. The group maintained that ranking for four consecutive years through 2025. Hyundai Motor and Kia’s combined annual sales also surpassed the symbolic mark of 300 trillion won ($223 billion) for the first time last year. The expansion reflects a strategy that combined electrification with a stronger focus on high-margin vehicles, including SUVs and Genesis luxur

Hanwha, US Army name US version of K9 howitzer XM1776

Oct 14, 2026

Hanwha, US Army name US version of K9 howitzer XM1776

WASHINGTON — Hanwha Defense USA (HDUSA) and the U.S. Army have officially designated the American version of Hanwha's K9 self-propelled howitzer as the XM1776 Mobile Tactical Cannon (MTC), the company has announced. According to HDUSA, a U.S. subsidiary of South Korean defense giant Hanwha Aerospace Co., the company held a naming ceremony for the XM1776 at the Association of the U.S. Army's (AUSA) 2026 Annual Meeting and Exposition on Tuesday in Washington. In August, HDUSA was selected to provide prototypes based on a wheeled variant of the best-selling K9 Thunder self-propelled artillery system for the MTC program, which aims to develop a highly mobile 155-millimeter artillery system to replace the Army's aging M777 towed howitzers. HDUSA also announced that the U.S. Army has ordered a total of nine prototype XM1776 systems, with an option for nine additional units. The XM1776 is a wheeled artillery system designed to support the U.S. Army's modernization efforts, including improvements in mobility and long-range precision fires capabilities. "The XM1776 Mobile Tactical Cannon represe

Hyundai Motor Group bets $15.5 billion on India as global auto hub

Oct 14, 2026

Hyundai Motor Group bets $15.5 billion on India as global auto hub

Hyundai Motor Group said on Tuesday it would invest $15.5 billion in India through 2032, deepening its bet on the world's third-largest car market as a key driver of future growth. The South Korean automaker's seven-year plan includes about $700 million of investment in its Indian research and development centre, expansion of production capacity and a dedicated investment entity. India, the world's third-largest car market, is attracting billions of dollars in investment from global automakers seeking to tap rising demand and expand local manufacturing capacity, underscoring its position as a major automotive production hub. Hyundai said last year it would invest $5 billion to expand its manufacturing and research operations in India. Japan's Suzuki Motor, the majority owner of India's largest carmaker by volume, Maruti Suzuki, also laid out plans in 2025 to invest about $8 billion in the country. Carmakers such as Toyota and Honda have committed to expanding their manufacturing ambitions in India as well. Hyundai Motor, which employs more than 24,000 people in India, said the investment w

Defector who won $37,210 from Kim Jong-un in lawsuit vows to fight on

Oct 14, 2026

Defector who won $37,210 from Kim Jong-un in lawsuit vows to fight on

In July 2025, Choi Min-kyeong brought an unusual suit against someone few would have tried to lodge a case against: North Korean leader Kim Jong-un. It was the first time a North Korean defector filed a lawsuit against Kim, seeking damages for the torture and sexual violence she suffered in North Korea. "People around me said filing the lawsuit made no sense," Choi, 55, president of the Imprisonment Victims' Family Association, said in an interview with The Korea Times. "At first, a police officer who took my complaint thought it was ridiculous and dismissed it." However, in August, the Seoul Central District Court sided with Choi in her damages suit against Kim, awarding the full 50 million won ($37,210) she had sought. "I was happy and proud when I heard the ruling. I risked my life filing this lawsuit because I couldn't get my eldest daughter out. The 50 million won is just symbolic, calculated from court fees and legal costs, since even 500 billion won wouldn't satisfy my anger," Choi said, adding that the ruling established a legal basis to arrest Kim if he ever enters South Korea.

US clamps down on N. Korean IT worker schemes affecting over 70 American firms

Oct 14, 2026

US clamps down on N. Korean IT worker schemes affecting over 70 American firms

WASHINGTON — The U.S. Justice Department said Tuesday it has clamped down on North Korean remote IT worker schemes that affected more than 70 American companies and generated millions of dollars in revenue allegedly linked to the North Korean regime. The department announced a series of recent coordinated law enforcement actions in Ohio and Texas, including an indictment, two arrests and the seizure of 187 computers used by North Korean IT workers to obtain fraudulent employment at U.S. companies. "North Korea's rogue regime uses its pervasive IT worker schemes to raise revenue for various illicit purposes, including the development of weapons that could ultimately target the United States or its allies," Assistant Attorney General for National Security John Eisenberg said in a department release. According to the department, North Korean IT workers used stolen or fabricated identities and virtual private networks to secure remote jobs at American companies. They relied on U.S.-based facilitators who hosted company-issued laptops and transferred earnings to North Korean-controlled acc

NK gaining troop deployment, combat experience in Ukraine war: USFK chief

Oct 14, 2026

NK gaining troop deployment, combat experience in Ukraine war: USFK chief

WASHINGTON — North Korea is gaining experience in deploying troops and sustaining military operations over long distances through its involvement in Russia's war against Ukraine, the commander of U.S. Forces Korea (USFK) said Tuesday. U.S. Gen. Xavier Brunson made the remarks during a dialogue hosted by the Center for Strategic and International Studies in Washington, highlighting the military benefits Pyongyang has gained from deploying troops and supplying weapons to support Moscow in the war. "They've learned how to go from North Korea to find themselves in Russia to move men, weapons and equipment there, as well to build supply lines that would allow them to support the Russian war effort," Brunson said when asked about the experiences Pyongyang gained through its participation in the conflict. Brunson stressed that North Korea's military has gained experience in strategic movement, mobilization and logistics, allowing it to develop capabilities that extend beyond tactical lessons learned on the battlefield. The commander warned that North Korea's military is becoming increasingly

White House links $54 bil. in S. Korean investment to Alaska gas project

Oct 14, 2026

White House links $54 bil. in S. Korean investment to Alaska gas project

WASHINGTON — New White House Press Secretary Katie Zacharia said Tuesday that $54 billion was tied to an Alaska liquefied natural gas (LNG) project as part of a South Korean energy investment package, despite uncertainty over Seoul's participation in the project. Zacharia made the remarks during her first official press briefing at the White House while highlighting the South Korean energy investment package worth up to $200 billion that U.S. President Donald Trump announced earlier this month. "President Trump also unveiled a South Korea energy investment package of up to $200 billion in the United States. This is an amazing deal. This includes as much as $120 billion to build eight large-scale nuclear power plants," Zacharia said. "In addition to that, there is $54 billion tied to the Alaska LNG pipeline and terminal to service the Pacific Rim and sell fuel to our allies as well as $22.3 billion for a 6-gigawatt natural gas power facility in Texas." Following Trump's announcement, South Korea's industry ministry, however, said the Alaska project had not yet been finalized, stressing

S. Korea, US finance chiefs reaffirm bilateral economic cooperation

Oct 14, 2026

S. Korea, US finance chiefs reaffirm bilateral economic cooperation

The finance ministers of South Korea and the United States have reaffirmed the importance of economic and financial cooperation between the two countries, according to Seoul's finance ministry. Finance Minister Lee Hyoung-il held a video conference with U.S. Treasury Secretary Scott Bessent for the first time since Lee took office last month, according to the ministry. Bessent congratulated Lee on his appointment and stressed the importance of bilateral cooperation in economic and financial affairs. Lee thanked Bessent for his congratulations and expressed hope for close communication and cooperation, the ministry said. The two ministers also discussed shared economic policy priorities and ways to strengthen bilateral cooperation. The Treasury also issued a release on the finance chiefs' virtual exchange. "Secretary Bessent congratulated Deputy Prime Minister Lee on his new role and underscored the importance of the U.S.–Republic of Korea economic and financial relationship," the release said, adding, "The two officials discussed shared economic priorities and opportunities to strengthen

[OPINION] How the Philippine Left lost its way

Oct 14, 2026

[OPINION] How the Philippine Left lost its way

To again become a real force in the country’s politics, the revolutionary left must reckon with rather than avoid its past

Pope Leo diagnosed with cancer as doctors remove part of lung

Oct 13, 2026

Pope Leo diagnosed with cancer as doctors remove part of lung

Experts emphasize the need for more information regarding the tumor's size and potential spread to lymph nodes to assess the prognosis and treatment options

Sara Duterte amid trial: ‘I will not resign. I will never resign.’

Oct 13, 2026

Sara Duterte amid trial: ‘I will not resign. I will never resign.’

'Whether or not I become the next president of our country remains to be seen,' says Duterte

Highlights: Day 39 of Sara Duterte impeachment trial | Oct. 13, 2026

Oct 13, 2026

Highlights: Day 39 of Sara Duterte impeachment trial | Oct. 13, 2026

MANILA, Philippines – The Senate impeachment court on Day 39 accepted the prosecution’s withdrawal of articles on confidential funds, bribery, and grave threats, leaving only the unexplained wealth charge against Vice President Sara Duterte. Presiding Officer Francis Escudero announced: The court accepts and confirms the prosecution’s manifestation… Articles I, III and IV from this point

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