KOSPI slips below 7,000 on foreign selling as Busan film festival opens
Korea's main stock index fell below 7,000 as foreign investors sold, while the won edged up against the dollar. Samsung pushed out new AI, art and smart-home announcements, Nexon took its games to Hollywood, and the Busan International Film Festival opened its 10-day run.
Markets & chips
KOSPI
KOSPI, Korea's main stock index, closed below the 7,000 mark as foreign investors sold.
Korean won
The Korean won edged higher against the US dollar.
Samsung Electronics
Samsung Electronics' day spanned manufacturing AI partnerships, a museum art collection for its TVs, and a platform update for its connected-device app.
Samsung Robotics is moving to expand AI partnerships in US manufacturing.
Samsung Electronics is adding a 30-work British Museum collection to Samsung Art Store on compatible Art TVs, featuring artists including John Constable and J.M.W. Turner.
Samsung Electronics updated SmartThings, its connected living platform with 470 million registered users and 430-plus certified brands, adding SmartThings Now to the Home tab and expanding local control.
An activist investor is targeting Samsung's holdings in S-1.
The head of BOE is set to visit Korea as Samsung increases panel orders.
The Samsung Biologics union is seeking direct talks with Samsung Electronics.
Business of culture
K-pop agencies
IVE, ILLIT and RIIZE are set to face off in a crowded October comeback lineup.
A look at how the Grammys' Asian pop category shapes up without BTS and Stray Kids.
K-drama, film, webtoons & streaming
The Busan International Film Festival opened a 10-day run with a star-studded lineup.
The Astana AI Film Festival named its winners, with the $450,000 grand prize going to Latvia.
Nexon
Nexon is partnering with Chernin Entertainment to adapt its games ARC Raiders and The Finals for the screen.