Business, AI, Consumer
527 storiesAMD's Lisa Su visits Korea, agrees AI chip cooperation with local firms
AMD chair and CEO Lisa Su visited Korea on Oct. 7, about seven months after her March trip, meeting Second Vice Minister Ryu Je-myeong of the Science and ICT Ministry and a roundtable of Korean AI semiconductor and infrastructure companies.…
LG Electronics Q3 revenue 23.8 trillion won, operating profit up 13.5% but below consensus
LG Electronics reported preliminary third-quarter revenue of 23.827 trillion won, up 8.9% from a year earlier, and operating profit of 781.8 billion won, up 13.5%. Both figures fell short of the average analyst consensus, and the shares dro…
SpaceX seeks $40 billion in borrowing to buy Nvidia chips, FT reports
SpaceX is in talks to borrow $40 billion to fund a purchase of Nvidia chips, according to a Financial Times report cited by Reuters and MarketWatch. Bloomberg said it understands the financing would be among the biggest-ever debt financings…
Boston Dynamics names former Amazon AI executive Rohit Prasad as CEO
Boston Dynamics, described by Korean outlets as Hyundai Motor Group's robot affiliate, said it has appointed Rohit Prasad, a former Amazon executive who led work on the Alexa voice assistant, as its new chief executive. The company said the…
HD Hyundai names Lee Sang-kyun to lead shipbuilding in 2026 executive reshuffle
HD Hyundai announced its 2026 president-level appointments on Oct 7, naming Vice Chairman Lee Sang-kyun as head of the group's shipbuilding business and promoting Cho Min-soo to president and safety chief representative director at HD Hyund…
Amazon's Prime Big Deal Days Begin With Discounts on Apple Macs, AirPods and iPads
Amazon's fall Prime Big Deal Days sale is live, with early discounts on Apple products including AirPods Pro 3 at $179.00, down from $249.00, AirPods Max 2 at $429.00, and about $200 off most M5 MacBook Air models. Outlets also reported all…
KT&G starts Indonesian cigarette plant, its largest overseas production base
KT&G held an opening ceremony on Oct 6 in Pasuruan, East Java, for a new Indonesian cigarette plant that brings its annual production capacity in the country to as much as 35 billion sticks. The company said the plant completes a “global fi…
Paramount Skydance closes $110bn Warner Bros. Discovery acquisition
Paramount Skydance completed its purchase of Warner Bros. Discovery for $110bn, and the combined company is named Skydance. Its shares will trade on the New York Stock Exchange under the ticker SKYD, while WBD shares stopped trading on Nasd…
APR's Medicube opens first K-beauty permanent store in Mexico's Palacio de Hierro
APR's beauty brand Medicube opened a permanent store on October 7 local time at the Palacio de Hierro Satélite branch in northwestern Mexico City. APR said it is the first K-beauty brand to open a permanent store within the Palacio de Hierr…
Samsung Art Store to show 30 British Museum works on its art TVs
Samsung Electronics said it will present 30 representative works from the British Museum on Samsung Art Store, its art subscription service for Samsung TVs. The collection focuses on 19th-century British landscape painting, including pieces…
LS Electric signs Taiwan JV with Formosa Plastics affiliates for power projects
LS Electric signed an agreement on Oct. 6 in Seoul to set up a joint venture with Nanya Plastics and KHI, both affiliates of Taiwan’s Formosa Plastics Group, to pursue power infrastructure business in Taiwan. LS Electric will hold 50%, Nany…
Abu Dhabi's AI Everything opens with 400 exhibitors alongside Global Food Week
AI Everything 2026 opened on 6 October at the ADNEC Centre Abu Dhabi and runs to 7 October, with WAM reporting 400 exhibitors and 180 speakers, and Economy Middle East reporting more than 400 companies, 200-plus investors managing about $10…
Korea opens export booth at Frankfurt Book Fair, debuts K-Book Global 100
The Ministry of Culture, Sports and Tourism and the Korea Publishing Industry Promotion Agency are running an export consultation booth at the 2026 Frankfurt Book Fair, held from October 7 to 11 in Frankfurt am Main, with 15 Korean publishe…
Apple reported to develop smart doorbell, lock and thermostat with LG
Apple is reported to be developing a set of smart home accessories with LG Electronics, including a video doorbell, a smart lock and a thermostat, with the finished products to carry the LG brand. Apple plans to launch the new devices on Oc…
Samsung Biologics union seeks direct bargaining with Samsung Electronics
The Samsung Biologics Sangsaeng labor union said it sent Samsung Electronics a formal request for collective bargaining over personnel and compensation systems, arguing the larger company is a de facto employer. It asked Samsung Electronics…
Japan antitrust watchdog raids Asahi, Kirin, Suntory, Sapporo over beer price cartel
Japan's Fair Trade Commission began a forced investigation on Oct 7 into Asahi Beer, Kirin Beer, Suntory and Sapporo Beer on suspicion of an Antimonopoly Act violation over beer prices. The four are suspected of coordinating wholesale price…
Sberbank chief Gref says bank will keep branches as clients go digital
Sberbank president and board chairman German Gref said the bank does not plan to give up its branches despite a growing shift by customers to digital services. Speaking at the “Digital Solutions” forum, he said the bank must offer services …
Nvidia-backed Reflection AI unveils Beam, open-weight model to rival Chinese models
Reflection AI unveiled Beam, a 501-billion-parameter open-weight AI model that the New York-based startup says matches leading Chinese open models like Z.ai’s GLM-5.2 at lower compute cost. The Nvidia-backed company says Beam is in final sa…
Shinsegae invests $1bn in Warner Bros. deal as Paramount completes takeover
Shinsegae Group said its unit Shinsegae Property will invest $1bn (about 1.4 trillion won) in the takeover of Warner Bros. led by Paramount Skydance, alongside David Ellison and US investment firm RedBird. Paramount completed the acquisitio…
Trump announces $6.6B Anduril-Navy shipyard in Baltimore for submarine components
President Trump announced a $6.6 billion project by Anduril Industries and the US government to build a shipyard at Sparrows Point near Baltimore for Virginia-class submarine components. Anduril is investing $3.7 billion and the Navy holds …