Disasters & accidents, Business
421 storiesFishing boat capsizes off Jeju; nine rescued, two missing as search continues
A 29-tonne fishing vessel registered in Sacheon capsized at about 03:04 on October 5 about 65 kilometres northwest of Chagwido, off Jeju, with 11 people aboard. Nine crew — eight Indonesians and one Vietnamese — were rescued and taken to Ha…
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…
Lotte Biologics signs Alvotech contract to produce 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 plant for supply to the global market. The signing ceremony was held at CPHI Milan 2026…
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…
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…
SUV hits tree and streetlight in Gwangju, driver in his 30s dies
A man in his 30s died after the SUV he was driving crashed on a road in Maewol-dong, Seo-gu, Gwangju, at around midnight on 7 October. The vehicle first struck the kerb of a pavement, then hit a street tree and a streetlight in succession b…
One worker injured in rock collapse at Vostochny mine in Russia's Primorye
A rock collapse at the Vostochny mine in Primorsky Krai injured one worker, with no fatalities reported. Twenty-two people were in the shaft at the time; rescuers brought the injured miner to the surface and handed him to ambulance crews. P…
Three typhoons active near Japan as Typhoon 27 moves north, JMA says
The Japan Meteorological Agency announced on Oct. 5 that Typhoon 28 (Nolo) and Typhoon 29 (Koguma) had formed, making three active typhoons near Japan with Typhoon 27 (Choi-wan). Typhoon 27 was large and very strong, moving north-northwest …
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…
Burger King ends Yoo Hae-jin ad campaign amid “Assassin(s)” dispute and boycott calls
Burger King ended its advertising campaign featuring actor Yoo Hae-jin for the autumn menu item Truffle Mushroom Whopper, about two weeks after the product's Sept 16 launch, as online calls to boycott products he advertises spread amid the …
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…
School bus rollover in Florida kills 2, including a 10th grade student
A school bus carrying 39 people flipped onto its roof in a multivehicle crash in Winter Haven, Florida, on Monday morning, killing a 10th grade girl and the driver of a Jeep, authorities said. Polk County Sheriff Grady Judd said an oncoming…
Korean brokerages cut Samsung Biologics target price on rights issue dilution
Hana Securities and Daol Investment Securities both trimmed their target prices for Samsung Biologics on Oct 6, citing share dilution from a rights issue, while keeping buy ratings. Hana cut its target to 1.95 million won from 2.03 million …
Huawei and Qualcomm sign broad patent licensing deal covering 5G, AI and networking
Huawei and Qualcomm announced a multi-year, broad patent licensing agreement that cross-licenses their portfolios in 5G, computing, artificial intelligence and networking, with Qualcomm also acquiring some of Huawei's US patents in those fi…
Typhoon No. 27 moves north near Ogasawara as typhoons 28 and 29 form
Typhoon No. 27, described by the Japan Meteorological Agency as large and very strong, moved north over waters near the Ogasawara Islands and was forecast to approach the islands at very strong intensity from the evening of Oct. 5 to early …
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…
Shenzhen second-hand home market picks up as non-local buyers look over holiday
During the National Day holiday, activity in Shenzhen's second-hand housing market rose, with buyers from outside the city looking at property, according to a CCTV Finance report carried by three business outlets. Non-Shenzhen hukou buyers …
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…
2-year-old boy dies after being hit by car in Kamakura city-owned parking lot
A 2-year-old boy died after being hit by a car in a city-owned parking lot in Kamakura, Kanagawa Prefecture, on the morning of Oct 6, police said. The vehicle was starting to move when it struck the boy, according to the Kamakura police sta…
Truck catches fire while driving in Gunsan; 27 million won in damage
A truck caught fire while driving on a road in Sanbuk-dong, Gunsan, at about 02:16 on Oct 6 and was extinguished in roughly 20 minutes. The vehicle burned completely, causing an estimated 27 million won in damage, and the driver escaped wit…