IT & software, Business, Policy & regulation
518 storiesKorean 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…
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…
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…
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…
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…
MrMax says breach may have leaked data of up to 1,735,154 members
MrMax Holdings said on October 6 that unauthorized access to servers for its MrMax app and online store may have exposed personal information of up to 1,735,154 members. The company said member IDs, names, email addresses and telephone numb…
Daiwa Securities: vendor breach may have exposed data of 110,000 customers
Daiwa Securities said on Oct 5 that a server at outsourcing vendor Scalar Communications was subject to unauthorized access and that about 220,000 records may have leaked, including names, email addresses and securities account numbers for …
Korea financial regulator orders AI-based defense after hacking wave
South Korea’s Financial Services Commission held an emergency meeting on 4 October after hacking and data leaks were confirmed at seven financial companies, including Shinhan, KB Kookmin, Hana and BNK Busan banks, savings banks Yegaram and …
President Lee vows to keep pledge to end “real estate speculation republic”
President Lee Jae-myung said on Oct. 5 in a post on X that his government will keep its promise to escape the “real estate speculation republic,” saying the country cannot be made to face a “lost 30 years” from real-estate bomb-passing even…
Asahi Kasei drug unit says cyberattack may have leaked data on up to 558,700 people
Asahi Kasei Therapeutics, the pharmaceutical subsidiary of Asahi Kasei, said a website it runs for medical professionals was hit by a cyberattack and that personal information on up to about 558,700 people may have leaked. Sankei Shimbun re…
Two large Seoul churches show signs of cyberattack; member data feared leaked
An analysis by cyber threat intelligence company Oasis Security found evidence that two large South Korean churches were hit by cyberattacks, with member records, donation and accounting data and internal documents found on an overseas atta…
Same attacker IP found at seven South Korean financial firms in suspected AI hacks
Financial authorities said the same attacker IP appeared in intrusion cases at seven South Korean companies — Shinhan, KB Kookmin, Hana, BNK Busan Bank, Yegaram and Welcome savings banks and Hyundai Capital — with AI tools suspected in larg…
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…
South Korea weighs ending military service exemptions for athletes and artists
South Korea’s Defense Ministry said on October 6 that it is considering tightening or abolishing the military service exemption granted to athletes and artists, after some Asian Games gold medalists said exemption mattered more to them than…
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 …
Yuhan Yanghaeng to promote CDMO business at CPHI Milan 2026
Yuhan Yanghaeng said on Oct 6 that it is taking part in CPHI Worldwide 2026, a global pharmaceutical and bio exhibition in Milan, Italy, running Oct 6–8. The company said it has set up a dedicated booth and will present its new drug pipelin…
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 …
Korea financial regulator orders full security review after bank data leaks
Financial Services Commission Chairman Lee Eok-won chaired an emergency meeting of the entire financial sector in Seoul on Oct. 4 after customer data leaks spread from major banks to non-bank lenders, saying the possibility of AI-enabled ha…
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…
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…