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623 storiesApple 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…
China's central bank raises gold reserves for 23rd straight month
China's gold reserves stood at 77.47 million ounces, or about 2,409.59 tonnes, at the end of September, up 740,000 ounces (about 23.02 tonnes) from 76.73 million ounces (about 2,386.57 tonnes) a month earlier, according to figures carried b…
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, …
Kuaishou’s Kling AI plans Hong Kong IPO as early as next year, seeks $1bn
Kling AI, Kuaishou’s AI video service, plans to list in Hong Kong as early as next year, according to CLS, IT Home and 36Kr. IT Home reported the IPO could raise at least $1 billion and that CICC, Goldman Sachs and UBS have been selected as…
Russia quarantines hospital as lab worker’s death puts nearly 200 under observation
A female employee of the Irkutsk Anti-Plague Research Institute of Siberia and the Far East died last week of pneumonia of unknown cause, Russian authorities said, and a hospital in the town of Shelekhov was placed under quarantine. Officia…
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…
Goldman Sachs warns Samsung volatility may spike on Oct. 8 events
Goldman Sachs said Samsung Electronics shares could swing sharply on October 8, when preliminary third-quarter results fall on the same day as semiconductor ETF rebalancing, options expiry and the end of a share buyback. The bank cut its th…
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…
Russian woman at plague research institute dies; cause disputed
A woman in her 20s who worked at a plague control research institute in Russia's Irkutsk region died on October 2. Russian health authorities said on October 4 the cause was “pneumonia of unknown origin,” while speculation of plague infecti…
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…
Nongshim floats 6-meter Shin Ramyun cup on London's Thames in brand campaign
Nongshim said it floated a roughly 6-meter-tall Shin Ramyun cup sculpture along the River Thames in London, departing Royal Docks on the afternoon of Oct 6 local time and passing the London Eye and Big Ben. The company said the installation…
Hong Kong stocks open higher; Hang Seng up 1%, Alibaba gains about 2.9%
Hong Kong shares opened higher on 6 October, with the Hang Seng Index up 1% and the Hang Seng Tech Index up 1.02%, according to CLS, Yicai and 36Kr. Alibaba rose about 2.9% at the open, while Baidu and Meituan gained nearly 2%, 36Kr reporte…
KFF poll finds Medicare for All support at 66% in US, highest since 2016
A KFF poll published Tuesday found 66 percent of U.S. adults support Medicare for All, the highest level since 2016, with 32 percent saying they strongly favor a single government health plan. Support was up about 13 points from 2020, but t…
Russian anti-plague lab researcher dies; US and EU say they are monitoring
A 28-year-old female researcher at the Irkutsk anti-plague research institute in Shelekhov, Russia, died after being diagnosed with pneumonia of unknown cause, the state agency Rospotrebnadzor said. About 200 people who may have had contact…
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…
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…
Hyundai Engineering wins 870bn-won Incheon data centre project with KT Cloud
Hyundai Engineering said it won a project worth about 870 billion won to build a 50-megawatt data centre in Incheon, with KT Cloud as joint contractor and, according to KT Cloud, design-build-operate partner. Hyundai Engineering says constr…
Nikkei average recovers 70,000 level for first time in about three months
Tokyo's Nikkei average rose above 70,000 during trading on 5 October, the first time in about three months, as buying concentrated on semiconductor and AI-related shares. Nikkei reported the morning close at 70,037.61, up 1,728.15 points or…
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…
Suhyup Bank president selection fails again at second committee vote
Suhyup Bank's bank president recommendation committee failed for a second time on Oct 6 to name a final candidate, because no nominee won the required four votes from the five-member panel. The vote again split 3-2 between incumbent preside…