Policy & regulation, Business, Consumer
479 storiesSouth Korea's Lee orders CPTPP talks restarted from the beginning amid farm concerns
President Lee Jae-myung instructed at a cabinet meeting on Oct 6 that the government should not fix a conclusion on joining the CPTPP and should “restart dialogue from the beginning,” saying the pact's strategic value is cited alongside ver…
Nvidia 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…
Netherlands proposes civilian reserve of 150,000 for emergencies
The Netherlands has proposed creating a civilian reserve for crises, with RTL reporting a target of 150,000 reservists for emergency situations, according to TASS. The reported roles include drivers, security guards and mechanics. RBC repor…
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…
Defense ministry to pursue cut, abolition of alternative service for arts, sports
South Korea’s Defense Ministry said on Oct 6 that it plans to ultimately pursue a reduction and abolition of supplementary military service, including arts and sports personnel, and to reflect it in the defense reform basic plan. Spokespers…
Asian Games gold row widens as parties in South Korea seek exemption review
South Korea beat Japan 1-0 on October 3 to win a fourth consecutive Asian Games men's football gold, a result that exempts most of the squad from military service. A locker-room photo of Park Seung-su in a discharge hat, captain Lee Ki-hyuk…
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…
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,…
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…
Single Seoul apartment unit draws 68,663 applicants on near-1-billion-won gap
One 84㎡ unit at the 강변역 센트럴 아이파크 complex in Guui-dong, Gwangjin-gu, Seoul drew 68,663 applications when it was offered on Oct 6, Newsis and Seoul Economic Daily reported, both citing the Korea Real Estate Board's Cheongyak Home portal. The …
China Railway warns travellers over third-party ticket-grabbing platforms
China Railway issued a reminder that 12306 is its only official online ticket sales channel and said it has never cooperated with any third-party platform, according to IT Home and China News Service. The railway described bloggers in railw…
Trump signs order allowing tax-free red-dyed diesel on highways
President Donald Trump signed an executive order on Monday temporarily allowing off-road red-dyed diesel to be used for highway driving and deferring the federal excise tax on that fuel through the end of 2026 without interest or penalties.…
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…
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…
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…
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…
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…