🇰🇷 South Korea · Finance & markets, Crime & justice, Autos
134 storiesS&P 500 closes above 7,800 for first time; Nasdaq also at record
New York's three main indices closed higher on Oct 6, with the S&P 500 ending above 7,800 for the first time at 7,818.93 and the Nasdaq Composite at a record 27,599.79. Korean outlets attributed the gains to third-quarter earnings expectati…
Couple in their 60s found dead in Naju house; police seek suspect
A couple in their 60s were found dead at a house in Naju, in the Jeonnam-Gwangju region, according to police reports carried by several South Korean outlets on Oct 6. Local reports described the bodies as bound and said police believe the c…
Korean court suspends market-cap delisting decisions; exchange halts two more exits
Seoul Southern District Court Civil Division 51 granted injunctions on Oct 2 suspending the Korea Exchange's delisting decisions against KOSPI-listed Joo Yeon Tech and KOSDAQ-listed KM Pharma until a main ruling. The court questioned the 45…
US death row inmate Christa Pike regains consciousness after surviving lethal injection
Christa Pike, 50, regained consciousness and was able to speak on Oct 6, one week after surviving a lethal injection at a Nashville, Tennessee prison, her lawyers said. Tennessee's correction department said it could not provide information…
Police probe re-leak of Korean hospital CCTV footage; initial distributor arrested
Police are investigating suspicions that CCTV footage from inside Korean medical institutions, including examination and changing areas, was leaked to overseas illegal sites and later re-posted elsewhere. A lawmaker's office says 80 videos …
Daegu court gives 62-year-old 7 years for killing disabled niece, attacking mother
A 62-year-old man was sentenced to seven years in prison by Daegu District Court on October 6 for killing his intellectually disabled niece by taking her into the sea and for attempting to kill his mother, who has dementia. The trial was a …
Serving Seoul police officer arrested over AI-generated sexual exploitation videos
A senior constable in the traffic division of Seoul’s Dongdaemun Police Station was arrested last month on charges of possessing, producing and distributing sexual exploitation material and false videos, including AI-generated images of acq…
Joo Ho-min urges Supreme Court to allow third-party recordings in abuse cases
Webtoon artist Joo Ho-min and 10 disability groups called on the Supreme Court on Oct. 6 to recognise an exception to the ban on third-party recording when abuse of people who cannot speak for themselves is suspected. Joo said a recording h…
Trump approves firing squad for Fort Hood shooter, first since WWII
US President Donald Trump has approved a firing-squad execution for Nidal Malik Hasan, convicted in the 2009 Fort Hood shooting that killed 13 people and wounded 32. The Pentagon said Defence Secretary Pete Hegseth recommended the method an…
Ark's Cathie Wood Repeats $1.5 Million Bitcoin Forecast for 2030
Ark Invest CEO Cathie Wood has reiterated a forecast that bitcoin will reach $1.5 million by 2030, about 1665% above the roughly $85,000 level where the reports say it was trading. Wood points to institutional inflows, a more favourable US …
Nasdaq closes at record high as AI stocks rally despite rising Treasury yields
US stocks rose on October 5 local time, with the Nasdaq Composite closing at a record high as technology and AI-related shares gained despite rising Treasury yields. Yonhap reported the Dow rose 0.18% to 51,267.90 and the S&P 500 gained 0.6…
Weak US jobs data lift October Fed rate-hold bets; bitcoin slips below $86,000
US employment data came in weaker than expected, strengthening expectations the Federal Reserve will hold interest rates at its October meeting, with Kukmin Ilbo putting the odds of a hold at 78 percent. Major cryptocurrencies that had rise…
Genesis launches first hybrid GV80 in Korea, starting at 7,680만원
Genesis launched the GV80 Hybrid, its first hybrid model, in Korea on Oct. 6 at 7,680만원 based on the 5% individual consumption tax. The company said the 2.5-litre turbo hybrid produces a combined 352 PS, about 16% more than the GV80 2.5 tur…
Nvidia sets second straight record close; Korean AI supply chain shares rally
Nvidia closed 2.1% higher at $238.90 on October 5 in New York, a second consecutive record close, lifting its market capitalisation to about $5.76 trillion and putting the first $6 trillion valuation within reach. Korean outlets also report…
Tesla leads Korea's imported car sales for eighth month as EV share tops half
Tesla sold 12,372 imported passenger cars in South Korea in September, its eighth consecutive month in first place among import brands, according to Korea Automobile Importers and Distributors Association (KAIDA) data. Total imported passen…
Musk regains trillionaire status as SpaceX shares jump 7.63%
SpaceX shares closed 7.63% higher at $171.09 on Oct. 5, their highest level in about three months, after Morgan Stanley set a $300 target price. Forbes put Elon Musk's net worth at $1.046 trillion (about 1,400 trillion won), returning him t…
Seoul appeals court to rule in ex-President Yoon's free opinion poll case
A Seoul appeals court is due to deliver its verdict on Oct 7 in the political funds case against former President Yoon Suk Yeol, accused of receiving 58 free opinion polls from political broker Myung Tae-kyun. The first trial sentenced Yoon…
Wall Street banks start selling $60bn Anthropic AI-chip loan, FT reports
Bank of America, Citigroup and Morgan Stanley have begun selling part of a $60bn loan that funds Anthropic's leasing of Google tensor processing units, according to the Financial Times, as reported by Yonhap. The sale is described as the la…
New York comptroller projects Wall Street profits above $90bn, record bonuses
New York State Comptroller Thomas DiNapoli estimated the state's securities industry will earn more than $90 billion (about 120 trillion won) this year, up from $65.1 billion last year, and that Wall Street bonuses will rise again to a reco…
Tesla nears 100,000 Korea imports as BYD passes 20,000
Imported passenger car registrations in South Korea rose 6.3% year on year in September to 34,904 units, with year-to-date registrations up 24.1% to 279,729, according to the Korea Automobile Importers and Distributors Association (KAIDA). …