🇰🇷 South Korea · Finance & markets, Sports, Disasters & accidents
199 storiesFishing 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…
Ronaldo says he deserves punishment for leaving Portugal camp, will not retire
Cristiano Ronaldo said he deserves punishment for leaving the Portugal national team camp and that he will not retire from the national team, in a 10-page statement posted on social media. He said responsibility for the departure was entire…
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…
Son Heung-min passes Cha Bum-kun with 59th goal, South Korea beat Uzbekistan 2-0
Son Heung-min scored his 59th international goal from a free kick in South Korea’s friendly against Uzbekistan at Yongin Mir Stadium, passing Cha Bum-kun’s 58 to become the country’s leading men’s scorer. South Korea won 2-0, with Kyunghyan…
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…
LG ends eight-game skid with 6-1 win, pulls level with KIA for third
The LG Twins beat the NC Dinos 6-1 at Seoul's Jamsil Stadium on Oct. 6, ending an eight-game losing streak with three home runs. Third-placed KIA lost to Samsung the same day, leaving LG and KIA level on winning percentage in the race for t…
KT Wiz clinch 2026 KBO regular-season title with 9-0 win over Lotte
KT Wiz clinched the 2026 KBO regular-season title on Oct. 5, beating the Lotte Giants 9-0 at Suwon KT Wiz Park behind Logan Allen's eight scoreless innings and two home runs by Jang Jun-won. At 86-49-5 (.637), KT leads second-place Samsung …
Son sets South Korea scoring record as Korea beat Uzbekistan 2-0
South Korea beat Uzbekistan 2-0 in a friendly at Yongin Mir Stadium on Oct 6. Son Heung-min scored a first-half free kick for his 59th international goal, a record for a Korean men's player, and Oh Se-hun added a second-half header. The win…
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 …
South Korea's Asian Games football gold overshadowed by military service row
South Korea's under-23 team beat Japan 1-0 in Toyota, Aichi Prefecture, on Oct. 3 to win a fourth consecutive Asian Games men's football gold, with Eom Ji-sung scoring. The win was followed by a controversy over players' remarks on the mili…
White Sox edge Guardians 4-3 in ALDS Game 2, one win from ALCS
The Chicago White Sox beat the Cleveland Guardians 4-3 at Progressive Field in Cleveland to take a 2-0 lead in the best-of-five American League Division Series. Braeden Montgomery's two-run double turned a one-run deficit into a 3-2 lead an…
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…
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…
KB Insurance Stars appoint former national team coach Isanaye Ramirez
KB손해보험 스타즈 announced on Oct 5 that it has appointed Isanaye Ramirez, until recently head coach of South Korea's men's national volleyball team, as its new head coach. The club said Ramirez's national team term ended on Oct 4 and that he sig…
Korean judo team misses Dubai flight en route to world championships
Korea's national judo team missed a connecting flight in Dubai on Oct. 4 while traveling to the IJF World Championships in Azerbaijan, with the team reportedly failing to allow for transfer time and eating instead, Yonhap reported. The epis…
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…