Finance & markets, Disasters & accidents, International
466 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…
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…
Ark's Cathie Wood Repeats $1.5 Million Bitcoin Forecast for 2030
Ark Invest CEO Cathie Wood has reiterated a forecast that bitcoin will reach $1.5 million by 2030, about 1665% above the roughly $85,000 level where the reports say it was trading. Wood points to institutional inflows, a more favourable US …
Nvidia sets second straight record close; Korean AI supply chain shares rally
Nvidia closed 2.1% higher at $238.90 on October 5 in New York, a second consecutive record close, lifting its market capitalisation to about $5.76 trillion and putting the first $6 trillion valuation within reach. Korean outlets also report…
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…
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…
Reports say US, China discuss mutual visits to nuclear facilities
US and Chinese officials have reportedly begun informal talks about mutual visits to nuclear facilities, according to CNN, as cited by Sankei Shimbun. The reported aim is to build confidence amid concern over China's rapid nuclear expansion…
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 …
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…
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…
IMF warns rapid hedge fund growth could amplify market risk
The IMF said in the second chapter of its Global Financial Stability Report, released on 6 October, that hedge fund risks to macro-financial stability need close attention, because fast asset growth can amplify price dislocations and liquid…
S&P 500 closes above 7,800 for first time; Nasdaq also at record
New York's three main indices closed higher on Oct 6, with the S&P 500 ending above 7,800 for the first time at 7,818.93 and the Nasdaq Composite at a record 27,599.79. Korean outlets attributed the gains to third-quarter earnings expectati…
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…
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…
Wall Street banks start selling $60bn Anthropic AI-chip loan, FT reports
Bank of America, Citigroup and Morgan Stanley have begun selling part of a $60bn loan that funds Anthropic's leasing of Google tensor processing units, according to the Financial Times, as reported by Yonhap. The sale is described as the la…
US stocks close higher; Nasdaq sets record close with 1.05% gain
On Oct 5 local time, the three main US stock indices closed higher, with the Nasdaq up 1.05% to a record close, the Dow up 0.18% and the S&P 500 up 0.67%. Large technology shares rose broadly, and cryptocurrencies, oil and gas and pharmaceu…
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…
Weak US jobs data lift October Fed rate-hold bets; bitcoin slips below $86,000
US employment data came in weaker than expected, strengthening expectations the Federal Reserve will hold interest rates at its October meeting, with Kukmin Ilbo putting the odds of a hold at 78 percent. Major cryptocurrencies that had rise…
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 …
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…