Super Micro Employees Detained in Taiwan AI Server Export Investigation 
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
DOJ Seeks Dismissal of Fraud Charges Against Gautam Adani in U.S. Court 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken 
Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves 
Northern Star Appoints New CEO as Activist Elliott Pushes for Leadership Overhaul 
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds 
SoftBank’s LY Corp, Bain Raise Kakaku.com Bid to ¥670 Billion, Intensifying Takeover Battle 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
South Korean expenditure on alcohol and cigarettes by local households of two or more people gained 10.7 percent on-year to hit a new high average of 42,980 won in the July-September period with the “stay-at-home” situation fueling the spending.
Statistics Korea attributed the increase in liquor and tobacco expenditures to more people being forced to stay at home due to the pandemic.
The figure showed by Statistics Korea marks the largest since the government started compiling related data in 2003.
Purchases of such items at restaurants were not taken into account.
Spending on tobacco and alcohol fell 4.2 percent on-year in the first quarter but quickly gained 9.5 percent in the second quarter.
The growth rate in the third quarter marked the highest since the 22.2 percent increase in the first quarter of 2016 when the government raised tobacco prices.
Liquor and tobacco each separately posted record highs household expenditures in the third quarter at an average of 19,651 won and 23,329 won, respectively.
Industry watchers noted that the current travel restrictions minimized duty-free purchases of tobacco, leading to more such purchases from local stores.
