Business, War & conflict
721 storiesLG 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…
Explosions reported in Kyiv during air raid alert, Russian agencies say
Explosions were reported in Kyiv on the night of 3 October 2026, according to Russian state news agencies. TASS said the blasts came shortly after an air raid alert was declared in the Ukrainian capital, and reported a further round of expl…
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…
Saudi Arabia says 2 airports hit in renewed fighting with Houthis
Saudi Arabia’s General Authority of Civil Aviation said airports in Najran and Jizan were hit Monday, damaging both facilities and leaving three people lightly injured; the statement did not say who was responsible. A Houthi brigadier gener…
Seoul defense chief: North Korea appears “taken aback” by DMZ mine response
South Korean Defense Minister Kang Shin-chul told a parliamentary audit on October 7 that North Korea appeared “considerably taken aback” by Seoul’s response to the Demilitarized Zone explosion and its mine-clearing operation. He pointed to…
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…
FlyDubai co-pilot intended to crash jet into Ben Gurion, investigators say
Investigators believe the FlyDubai co-pilot who attacked his captain aboard a Dubai–Tel Aviv flight intended to crash the plane into Ben Gurion International Airport, according to NPR, Fox News and ABC News. The attacker was subdued by crew…
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…
Houthis say they struck targets across Saudi Arabia; coalition claims Red Sea gains
Yemen's Houthi movement said it fired missiles and drones at airports, oil and military sites across Saudi Arabia, naming Riyadh's King Khalid International Airport and an Aramco refinery at Rabigh, and warned international airlines to stop…
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…
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…
Panama-flagged tanker hit in Strait of Hormuz; Oman rescues 10, India says 12 hurt
A Panama-flagged tanker, the Onfis, was attacked in the Strait of Hormuz and a fire broke out aboard. Oman's defence ministry said its air force rescued 10 crew members about 9 nautical miles northeast of Lima in Musandam province and took …
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…
Man seriously injured in Ukrainian drone strike on car in Belgorod region
A man was seriously injured when a Ukrainian FPV drone struck a car near Laptevka in Russia's Belgorod region, the regional operational headquarters said, according to Interfax. He was in serious condition and was being taken by ambulance t…
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…
Russia's Defence Ministry says air defences downed 764 Ukrainian drones in 24 hours
Russia's Defence Ministry said its air defences destroyed 764 Ukrainian drones and four guided aerial bombs over the past 24 hours. The ministry also said strikes hit drone production workshops, storage sites and ammunition depots, and Ukra…