Finance & markets, International, Business
595 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…
Hong Kong stocks open marginally lower; Hang Seng slips 0.04%
Hong Kong's Hang Seng Index opened 0.04% lower on 5 October 2026, while the Hang Seng Tech Index fell 0.47%. Yicai and Jiemian both reported that Meituan dropped more than 1% at the open, and 36Kr said home-appliance and software-services s…
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…
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…
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…
KB Kookmin Card, MoonPay and Finger sign digital asset payment partnership
KB Kookmin Card said it signed a partnership with global digital asset payment infrastructure company MoonPay and fintech firm Finger to cooperate on digital asset and stablecoin-based payment services, with a joint concept proof planned. T…
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,…
Nasdaq closes at record high as AI stocks rally despite rising Treasury yields
US stocks rose on October 5 local time, with the Nasdaq Composite closing at a record high as technology and AI-related shares gained despite rising Treasury yields. Yonhap reported the Dow rose 0.18% to 51,267.90 and the S&P 500 gained 0.6…
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…
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…
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…
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…
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 …
Kospi slips below 7,000 after holiday open; Kosdaq gains about 2%
South Korea's Kospi opened at 7,044.67 on Oct. 6, up 40.93 points (0.58%), the first session after the Gaecheonjeol holiday, and the Kosdaq opened at 902.16, up 8.87 points (0.99%). The Kospi gave back the gain within minutes and was at 6,9…
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…