Business, AI, Technology
482 storiesHongjing Technology denies overseas media reports, says AI computing equipment bought via compliant channels
Hongjing Technology said on October 7 that it had seen “inaccurate reports” in some overseas media about its business activities. In a statement, the company said all of its computing power equipment is procured through compliant commercial…
AMD CEO Lisa Su to meet Samsung chip head in Seoul as memory shortage bites
AMD chief executive Lisa Su plans to meet Samsung Electronics' semiconductor business head and vice chairman Jun Young-hyun on Wednesday during a visit to South Korea, people familiar with the matter said. The meeting comes as a broad short…
Paramount closes Warner Bros. Discovery takeover, creating Skydance
Paramount Skydance closed its acquisition of Warner Bros. Discovery on Tuesday, creating a company named Skydance led by CEO David Ellison and co-CEO Ynon Kreiz. The merged company brings CNN, CBS News, HBO Max and Paramount+ under one roof…
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…
Skydance closes $81 billion takeover of Warner Bros. Discovery
Skydance-owned Paramount closed its $81 billion takeover of Warner Bros. Discovery on Tuesday, creating a company that takes the Skydance name. The combined business holds Paramount Pictures and Warner Bros., streaming services HBO Max, Par…
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…
JR East to start teppay code payment in Mobile Suica on Oct 20, raising limit to ¥300,000
JR East said teppay, a code payment service added to the Mobile Suica app, will start on Oct 20 from 11:00, allowing purchases above Suica e-money's ¥20,000 ceiling and transfers of balance between users. Identity verification with a My Num…
Paramount Skydance completes $110bn Warner Bros. Discovery takeover
Paramount Skydance said on October 6 that it has completed its acquisition of Warner Bros. Discovery in a deal valued at about $110 billion (roughly ¥17 trillion). The combined company will be named Skydance and will hold two Hollywood film…
OpenAI publishes 722 AI-generated math manuscripts, sparking ethics debate
OpenAI has published 722 mathematics manuscripts, grouped into 372 result groups, produced by an unreleased internal frontier model, saying they solve or make substantive progress on hundreds of long-open problems. The release on GitHub inc…
POSCO completes second Argentine lithium plant, eyes 50,000-ton output
POSCO Holdings held a completion ceremony on 6 October local time for the upstream stage of its second brine lithium plant near the Hombre Muerto salt flat in Argentina, the company said on 7 October. The plant has 23,000 tons of annual lit…
Trump announces $6.6bn Maryland shipyard for submarines, Anduril to run it
US President Donald Trump said on October 6 that $6.6bn will be invested in a new shipyard at Sparrows Point, Maryland, to build submarines, submarine components and unmanned underwater vehicles. Trump said the yard would build next-generat…
Ssangyong E&C wins 806.5 billion won Southern Inland Railway section 9
Ssangyong Engineering & Construction said it won the section 9 contract of the Southern Inland Railway, ordered by the Korea National Railway, with total construction costs of 806.5 billion won. The 24.6 km section runs between Goseong-eup …
Lotte Biologics signs Alvotech contract to make antibody biosimilars in New York
Lotte Biologics said it signed a production contract with Alvotech to manufacture multiple antibody biosimilar drug substances at its Syracuse, New York facility for global supply. The signing ceremony was held at CPHI Milan 2026 in Milan, …
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…
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…
LG Electronics signs 5GW AI data center cooling supply deal in North America
LG Electronics said its US subsidiary signed a long-term supply agreement with North American infrastructure platform company AIR Control Concept to provide chillers and other cooling solutions for a total of 5GW of AI data centers. The com…
Apple and LG Electronics jointly develop smart home devices under LG brand
Apple and LG Electronics are jointly developing smart home devices — a camera-equipped video doorbell, smart door lock, security camera and smart thermostat — which will be sold under the LG brand, according to Bloomberg reports cited by Ko…
SpaceX seeks $40bn Apollo-led financing to buy Nvidia chips, reports say
SpaceX is seeking about $40bn in financing, led by Apollo Global Management, to buy Nvidia chips, according to reports citing people familiar with the matter. The company plans roughly $10bn in bank loans and $30bn in investment-grade bonds…
Korean Air ranks 3rd in Condé Nast Traveler 2026 Readers' Choice Awards
Korean Air said it placed third in the International Airlines category and third in the International Airport Lounges category of Condé Nast Traveler's 2026 Readers' Choice Awards. The airline rose from seventh place in both 2024 and 2025 t…
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…