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10/29
13:56
Libya's eastern-based parliament approved the 2019 maritime border agreement with Turkey eight days ago, after years of opposition. The agreement delineates the maritime claims of Turkey and Libya in the Mediterranean Sea. Turkey's Ministry of National Defense also proposed to Egypt on Wednesday to sign a maritime border agreement, which is estimated to grant Egypt over 15,000 square kilometers of maritime jurisdiction.
13:54
Korea Hydro & Nuclear Power (KHNP), the state-run nuclear power operator, announced on Thursday that it has terminated negotiations with a local consortium comprising Daewoo Engineering & Construction Co. and Doosan Enerbility Co. for a construction contract for the Dukovany nuclear power plant project in the Czech Republic, due to a failure to agree on key terms.
13:53
Germany's Merck KGaA has invested $334 million to open a biopharmaceutical plant in Daejeon, South Korea, marking its largest life science investment in the Asia-Pacific region. The 44,500-square-meter facility will produce critical materials for biopharmaceutical development and manufacturing, aiming to strengthen the supply chain for pharmaceutical companies in the region.
13:48
Mirae Asset Securities of South Korea is entering Japan's retail brokerage market by acquiring Sanko Securities for approximately $35.6 million. Mirae Asset Securities announced on Thursday that its board of directors has approved the acquisition of Japanese brokerage firm Sanko Securities for approximately KRW 47.6 billion (USD 35.6 million) through its U.S. subsidiary, Mirae Asset Securities Holdings. The company will inject JPY 12 billion (USD 76.1 million) into its U.S. subsidiary.
13:34
Ethereum clients patched a vulnerability that could have allowed attackers to redirect ETH rewards. The flaw stemmed from an error by Indian certificate authority eMudhra, which led some Teku and Besu setups to trust fraudulent certificates. However, default Ethereum mainnet nodes were not affected.
13:32
At the Global Business Forum held in Seoul this Wednesday, speakers emphasized that business leaders need to embrace AI and rethink old strategies to survive the AI transformation. The forum was co-organized by The Korea Herald and Herald Business.
13:31
Samsung Electronics' HBM4 chip revenue more than tripled in the third quarter, with its 2027 supply already sold out. The company stated on its third-quarter earnings call on Thursday that HBM4 accounted for approximately 60% of its total HBM revenue, helping it achieve its market share targets ahead of schedule. Samsung also announced a record capital expenditure of 84.4 trillion Korean Won (approximately $63.2 billion).
13:24
According to the Financial Times, security experts stated that Israeli Prime Minister Benjamin Netanyahu might have launched new bombing operations against Iran with the United States while serving as caretaker prime minister during coalition talks.
13:24
The Financial Times states that the past decade has demonstrated private equity (PE) at scale to be a differentiated asset class, rather than a better form of capitalism.
12:53
Several former U.S. officials who resigned in protest of the Biden administration's Gaza policy have urged 2028 presidential candidates to publicly condemn those who formulated policies that facilitated Israel's "genocidal war" in the Gaza Strip. In a statement, these former officials stated that these policymakers are now actively "whitewashing" their roles and seeking to return to positions of power. The statement called on candidates to pledge not to appoint any government officials "directly responsible for facilitating Israel's military actions in Gaza" and to acknowledge "the U.S. government's complicity in Israel's genocide in Gaza."
12:46
U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig stated that autonomous AI agents could challenge financial rules built around human traders, and regulators need to adapt. He gave an example that in the future, even refrigerators might stake Ethereum or issue memecoins.
12:43
Ford Motor plans to compete with Chinese automakers, including BYD, by focusing on low-priced pickups and a new platform. The US carmaker is also leveraging partnerships with China's Geely and JMC to gain expertise.
12:37
Chinese tech hardware stocks fell, failing to offset persistent market concerns about weak fundamentals and global AI sentiment, even as some chipmakers reported a 1800% surge in quarterly sales.
12:28
According to The Wall Street Journal and The New York Times, U.S. Vice President JD Vance has sent a letter to Mohsen Rezaei, Secretary of Iran's Supreme National Security Council, proposing negotiations on bilateral relations and Iran's nuclear program. The letter aims to test whether the two sides can find common ground to persuade President Donald Trump to avoid a short, high-intensity strike against Iran in the coming weeks. Iranian leaders have reacted positively to the proposal, with Rezaei expected to formally respond on Thursday, and negotiations potentially starting as early as next week in Qatar or Turkey. Reuters separately reported that Qatari mediators have put forward a new draft ceasefire agreement, but it was dismissed as an "unacceptable proposal" by a senior Iranian official.
12:21
Musk retweeted a post from Tesla Owners Silicon Valley, emphasizing the importance of Starlink during disasters. The tweet highlighted that fires, floods, and storms can sever fiber optic cables and cellular towers, while Starlink can maintain connectivity in such situations.
12:19
Samsung Electronics' third-quarter operating profit surged 780% to 107.4 trillion Korean won (approximately $80.5 billion), marking the first time a tech company's quarterly operating profit has exceeded 100 trillion Korean won, primarily driven by strong demand for AI chips. However, investors were disappointed by the semiconductor division's operating profit falling short of market expectations, causing Samsung's stock price to drop over 5% on Thursday.
12:16
South Korea's Financial Services Commission (FSC) proposed rule changes on October 29 aimed at accelerating the resolution of insolvent or distressed financial companies by amending the Act on the Structural Improvement of the Financial Industry and the Depositor Protection Act. This initiative seeks to prevent the spread of financial industry risks and systemic risks, while ensuring the full protection of the rights of relevant shareholders and creditors. The new rules will drastically shorten the resolution process from approximately 150 days to 3-4 days and expand the resolution mechanisms to include contract transfers, third-party acquisitions, capital reductions, and license revocations. The proposal will enter a 42-day public comment period from November 2 to December 14.
12:06
Mirae Asset Securities Co., a major South Korean securities firm, announced Thursday its plan to acquire a 100-percent stake in Japanese brokerage Sanko Securities Co. The acquisition, approved by Mirae Asset's board, will be conducted by its US affiliate, Mirae Asset Securities Holdings, as part of a drive to expand its presence in the Japanese financial sector.
12:05
The Environmental Protection Agency (EPA) projects that U.S. President Donald Trump's proposed rollback of methane emissions rules would lower U.S. crude prices by 11 cents a barrel in 2027, or 0.14%. The agency also estimates the changes would increase domestic oil production by 0.09% and save the U.S. economy about $45 billion from 2027 through 2050, primarily from lower compliance costs. This proposal remains subject to the rulemaking process, including a public-comment period.

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