Business, Technology, Consumer, International
547 storiesNvidia CEO's son-in-law Nico Caprez rises to vice president, reports say
Nico Caprez (35), the son-in-law of Nvidia CEO Jensen Huang, has become vice president for global AI infrastructure growth, according to a report by The Information on Oct. 5 that Yonhap and the Kyunghyang Shinmun relayed. He was promoted i…
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…
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…
Egypt's Sisi to make state visit to South Korea Oct 7-9, summit with Lee on Oct 8
Egyptian President Abdel Fattah el-Sisi will make a state visit to South Korea from Oct 7 to 9 at President Lee Jae-myung's invitation, the Blue House said in a written briefing on Tuesday. The two leaders will hold a summit on Oct 8, prece…
Trump touts Anduril shipyard investment; Maryland governor blocked from speaking
President Donald Trump on Tuesday promoted a $3.7 billion Anduril investment to build components for nuclear submarines at a shipyard near Baltimore, where the site of a former Bethlehem Steel mill closed in 2012. Democratic Gov. Wes Moore,…
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…
Single Seoul apartment unit draws 68,663 applicants on near-1-billion-won gap
One 84㎡ unit at the 강변역 센트럴 아이파크 complex in Guui-dong, Gwangjin-gu, Seoul drew 68,663 applications when it was offered on Oct 6, Newsis and Seoul Economic Daily reported, both citing the Korea Real Estate Board's Cheongyak Home portal. The …
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…
Trump 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…
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…
AMD CEO Lisa Su to visit Korea Oct. 7 for Gamer Day; AI chip talks expected
AMD chair and CEO Lisa Su will visit Korea on Oct. 7, about seven months after her March trip, to attend an “AMD Gamer Day” event at 2 p.m. at Dragon City in Yongsan-gu, Seoul, AMD said. Su and senior vice president Jack Huynh will attend, …
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…
Korea picks Ttaom trademark, Wando typeface in Korean-language design awards
The Intellectual Property Office on Oct. 6 named Binggrae’s “Ttaom” the year’s beautiful Korean-language trademark, Wando County’s “Wando Huimang-che” the beautiful Hangul typeface and a gat-shaped tumbler by Jeong Lab and Lee Jae-wook the …
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…
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 …
Lotte Department Store foreigner sales top 1 trillion won, first in industry
Lotte Department Store said its cumulative foreigner sales this year passed 1 trillion won on the morning of Oct 6, the first time a Korean department store has reached that level in a year. The company said it had already surpassed last ye…
Korean brokerages raise Cosmax target prices on expected Q3 earnings beat
Two Korean securities firms raised their target prices for cosmetics maker Cosmax on Oct 7, saying third-quarter results should come in above market consensus. Hana Securities lifted its target to 380,000 won from 305,000 won, and Daol Inve…
Paramount completes acquisition of Warner Bros. Discovery, reports say
Paramount has completed its acquisition of Warner Bros. Discovery, according to reports cited by Chinese business outlets CLS and Yicai. The deal followed a months-long contest in which Ellison submitted nine bids and beat rival Netflix, an…
Boston Dynamics names former Amazon Alexa executive Rohit Prasad as CEO
Boston Dynamics, the robot subsidiary of Hyundai Motor Group, said it has hired Rohit Prasad, a former Amazon executive who led work on the Alexa voice assistant, as its new chief executive. The company said the appointment is aimed at stre…
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…