Technology, Business, Energy
392 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…
AMD CEO Lisa Su to visit Korea Oct. 7 for Gamer Day; AI chip talks expected
AMD chair and CEO Lisa Su will visit Korea on Oct. 7, about seven months after her March trip, to attend an “AMD Gamer Day” event at 2 p.m. at Dragon City in Yongsan-gu, Seoul, AMD said. Su and senior vice president Jack Huynh will attend, …
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…
Alteogen raises 200 billion won from state growth fund, SkyLake
Alteogen said on Oct. 6 that it will raise 200 billion won from the National Growth Fund and the private equity firm SkyLake. Maeil Business reported the company will issue 100 billion won of five-year convertible preferred shares and 100 b…
Gwangju Chamber of Commerce Recruits 4 Interns for Full-Time Conversion
The Gwangju Chamber of Commerce and Industry is recruiting four interns who can become full-time employees after a five-month evaluation period. Applications are open until October 27, and the selection process includes document screening, …
Gulf producers keep Hormuz ‘shuttle’ crude exports; volumes said to top pre-war levels
Gulf oil producers including Saudi Arabia are still exporting crude through the Strait of Hormuz via high-risk “shuttle” runs, loading very large crude carriers inside the strait and transferring the oil to ships waiting outside, according …
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,…
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…
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…
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…
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…
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…
Celltrion launches Omlyclo in U.S., first omalizumab biosimilar, listed on Optum formulary
Celltrion said it launched Omlyclo, its omalizumab biosimilar, in the United States on Oct. 5 local time, the first such biosimilar on that market. The product carries a wholesale price about 15% below the original and is listed as a prefer…
Emmy Awards to leave broadcast TV for Amazon's Prime Video in 2027
The Emmy Awards will move to Amazon's Prime Video under a six-year deal announced Tuesday, ending a broadcast run dating to 1955 and the annual rotation among ABC, CBS, Fox and NBC. The ceremony will stream free, with no Prime Video subscri…
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 …
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…
Trump announces $6.6B Anduril-Navy shipyard in Baltimore for submarine components
President Trump announced a $6.6 billion project by Anduril Industries and the US government to build a shipyard at Sparrows Point near Baltimore for Virginia-class submarine components. Anduril is investing $3.7 billion and the Navy holds …
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…