🇰🇷 South Korea · Finance & markets, Disasters & accidents, International
137 storiesTrump says he told South Korea it must pay a price for lower tariffs
US President Donald Trump said on Oct 6 that he told South Korea it must pay a price to have tariffs lowered, and that South Korea recently provided $150 billion, all of it going to shipbuilding. Korean outlets link the remarks to MASGA, th…
Fishing boat capsizes off Jeju; nine rescued, two missing as search continues
A 29-tonne fishing vessel registered in Sacheon capsized at about 03:04 on October 5 about 65 kilometres northwest of Chagwido, off Jeju, with 11 people aboard. Nine crew — eight Indonesians and one Vietnamese — were rescued and taken to Ha…
S&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…
Ukraine criticizes South Korea over reported diesel shipments to Russia
Ukraine's presidential office sanctions adviser, Vladyslav Vlasiuk, publicly criticized South Korea over a Guardian report that seven tankers carried more than 176,000 tonnes of petroleum products, mostly diesel, from South Korean ports to …
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…
SUV hits tree and streetlight in Gwangju, driver in his 30s dies
A man in his 30s died after the SUV he was driving crashed on a road in Maewol-dong, Seo-gu, Gwangju, at around midnight on 7 October. The vehicle first struck the kerb of a pavement, then hit a street tree and a streetlight in succession b…
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…
Trump repeats Alaska LNG charge threat as Vance says Korea details unresolved
US President Donald Trump said on 2 October that if South Korea does not invest in the Alaska LNG project, Washington can charge it more, and Seoul should be told the amount will double if it does not agree soon. Korean outlets reported tha…
North Korea threatens ‘immediate’ response to South’s DMZ mine-clearing
North Korea’s foreign ministry said on Oct. 6 that if South Korea violates its territory “by even 1 mm,” its border forces will take “immediate and strong” response actions, after the South Korean military carried out a mine-clearing operat…
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…
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…
North Korea's Kim sends Putin birthday message, reaffirms alliance
North Korean leader Kim Jong Un sent a congratulatory message to Russian President Vladimir Putin for his birthday on Oct. 7, calling him “my closest friend” and reaffirming the alliance between the two countries. Kim said valuing the compr…
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 Yalu River bridge stays shut as Oct. 6 opening speculation passes
A four-lane bridge between Dandong in China and Sinuiju in North Korea, completed in 2014 but never opened, drew attention around a possible opening ceremony on Oct. 6, the 77th anniversary of North Korea-China diplomatic ties. No ceremony …
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…
US urges Russia to disclose details of suspected plague pathogen leak at Irkutsk lab
The Trump administration has called on Russia to release more information about a suspected plague pathogen leak at a research institute in Irkutsk, saying it cannot decide its response without the facts. US Secretary of State Marco Rubio s…
Truck catches fire while driving in Gunsan; 27 million won in damage
A truck caught fire while driving on a road in Sanbuk-dong, Gunsan, at about 02:16 on Oct 6 and was extinguished in roughly 20 minutes. The vehicle burned completely, causing an estimated 27 million won in damage, and the driver escaped wit…
US Secretary of State Rubio visits Iceland to discuss Arctic security and trade
US Secretary of State Marco Rubio visited Iceland on 5 October and met Icelandic government officials in Reykjavik to discuss economic and security cooperation. Rubio said he came to advance shared priorities including a safe Arctic, strong…