KOSPI Plunges 5.46% Missiles Hit Central Kyiv

Apple unveiled the $299 smart home hub HomeView. It launches November 13 in eight countries, but will not be sold in the EU because Siri AI is not available on EU iOS.

Alibaba began selling Qwen Glasses N1 in China at an event in Hangzhou. Prices start at 2,999 yuan, and the N1 Pro, which adds eye tracking, costs 3,499 yuan.

French cloud company Scaleway will build its first AI supercomputer outside France in Sweden. It will use AMD Instinct MI355X and partner with local carrier Tele2.

KOSPI closed on the 13th down 348.89 points at 6,035.35. The sell-side sidecar was triggered at 9:47 a.m. Samsung Electronics fell 7.39% and SK hynix fell 10.09%.

On the 12th (local time), the Dow rose 0.38%, the S&P 500 fell 0.06%, and the Nasdaq fell 0.44%. The Philadelphia Semiconductor Index fell 2.67%. WTI rose 2.06% to $93.74, and Brent rose 1.84% to $106.65.

KOSPI closed on the 13th down 348.89 points (5.46%) at 6,035.35. It fell to an intraday low of 5,911.11, and a sell-side sidecar was triggered. KOSDAQ fell 1.43% to 837.03.

According to Hankyung, foreigners net-sold about 4.5 trillion won of KOSPI stocks, selling for six straight trading days. Individuals net-bought 2.2271 trillion won, and institutions net-bought in the 1.6 trillion won range.

On the 12th (local time), the Dow rose 0.38% to 51,850.55, the S&P 500 fell 0.06% to 7,807.24, and the Nasdaq fell 0.44% to 27,245.90. The Philadelphia Semiconductor Index fell 2.60%.

November WTI rose 2.06% to $93.74 per barrel, its third straight session of gains. The article reported that a strike on Riyadh International Airport in Saudi Arabia raised geopolitical tensions.

As of 1:50 p.m. on the 13th, SK hynix was down 10.34% at 1,439,000 won, and Samsung Electronics was down 8.58% at 220,900 won. KOSPI fell more than 6% intraday, triggering a sell-side sidecar.

At the 2026 Paris Motor Show, Hyundai unveiled the small SUV Bayon and showed the Tucson N Line for the first time in the world. Kia displayed the Seltos Hybrid and the EV3, EV4 and EV5 GT.

On October 13, the EU formally opened two accession negotiation clusters with Ukraine at an intergovernmental conference in Luxembourg: cluster 2 (internal market) and cluster 3 (competitiveness and growth). The same process started for Moldova.

On the afternoon of October 13, Xi Jinping held talks at the Great Hall of the People in Beijing with Botswana President Duma Boko, who was on a state visit to China. The two sides announced they will upgrade relations to a comprehensive strategic cooperative partnership.

Israeli opposition leader Liberman warned that if current policy continues, the US could recognize a Palestinian state and sanction Israel within two years. He also claimed that the UK is discussing sanctions on Israeli banks.

The Ukrainian Air Force said about six ballistic missiles flew in on the night of October 12 and that no advance launch alert was received. President Zelensky said five of them hit civilian infrastructure.

UKMTO said on the 13th that a tanker and a container ship were hit by unidentified projectiles in the Strait of Hormuz. Authorities are investigating, and information on damage and casualties has not been released.

Polish authorities on September 23 blamed Russian intelligence for the arson at a Starlink ground station in Masovian Voivodeship. Two Turkish nationals were arrested in Germany on October 10, and Prime Minister Tusk called it a hybrid war.

NASA and SpaceX launched CRS-35 on a Falcon 9 on the 13th at 6:33 a.m. Eastern Time. Dragon carried more than 6,300 pounds of supplies and a final pair of rollout solar arrays, and is scheduled to dock with the Harmony module at 11 a.m. on the 15th.

At the Legislation and Judiciary Committee's audit of the Constitutional Court on the 13th, the Democratic Party targeted Supreme Court Chief Justice Cho Hee-dae, while the People Power Party raised Constitutional Court Chief Justice Kim Sang-hwan's business trip with his spouse and his operating expenses. Shouting briefly broke out over remarks by Rep. Joo Jin-woo.

The government said 44 central administrative agencies in the capital region will move to Sejong in phases from next year through 2031. Some 9,929 civil servants are affected, and the cost is estimated at about 3.1 trillion won.

At around 1:40 p.m. on the 13th, a man in his 50s surnamed Choi stabbed nine people with a knife in each hand at a mixed-use shopping mall in Guwol-dong, Namdong-gu, Incheon. A woman in her 20s is unconscious, and Choi was arrested on suspicion of attempted murder.

The Korea National Railway Authority halted automation work on manual switch machines after an investigation found a high likelihood of illegal subcontracting. The contractor denies the charges and has appealed the rejection of its injunction.

The KFTC ordered corrective measures and imposed total fines of 102 million won on 10 school uniform dealers in Yongin, Ulsan and Yeongcheon, which agreed on winning bidders and bid prices in 51 bids from 19 schools.

The Supreme Court's Second Division dismissed the appeal without substantive review on October 8, so Shinhan Investment Corp. is jointly liable with Lime Asset Management to pay Woori Bank 45,323,260,000 won plus late-payment damages.

The Supreme Court's First Division dismissed the Ministry of Culture's re-appeal without substantive review on October 2, finalizing a decision that suspends the effect of the corrective demand from the special audit of the Korea Football Association until 30 days after the appellate ruling date.

The Korea Meteorological Administration forecasts that cold air moving south from the northwest will bring morning lows of 5 to 14°C and daytime highs of 18 to 22°C on the 14th. Instantaneous wind gusts in most areas could reach 55 km/h, and about 70 km/h in mountainous areas.

The 14th will be mostly clear nationwide, with morning lows of 5 to 14°C and daytime highs of 17 to 22°C, a daily temperature range of about 15 degrees. Seoul will be 9°C in the morning and 19°C during the day, and fine dust is good in all regions.

The National Assembly Health and Welfare Committee audited 14 agencies, including the Ministry of Food and Drug Safety (MFDS), on October 13. Questions covered allegations of lobbying over approval of Genexine's COVID-19 treatment clinical trial, Mifegymiso approval, and misuse of obesity drugs.

According to an analysis by lawmaker Heo Jong-sik's office, MFDS treatment-purpose use approvals take an average of about 13 days from application to approval, but an average of about 92 days from approval to first dose, with the longest taking about 826 days.

Pharmacy Journal reported that from January through September this year, MFDS detected 949 cases of illegal online sales and advertising of GLP-1 obesity drugs, and that it urgently introduced 105 essential drug items by the end of September.

On the 12th, 'Assassin(s)' regained the top spot on the daily box office with 30,675 admissions. Its cumulative total is 3,023,218, passing 3 million on its 20th day in theaters. It had lost the top spot to 'Chiikawa' on the 11th.

Program attendance at the 31st Busan International Film Festival reached 50,000 as of the 10th, the fifth day of the festival, surpassing last year's final total. Im Si-wan will host the closing ceremony at Busan Cinema Center on the 15th as sole MC.

Park Woo-jin held a media showcase for his second EP 'Solstice' at X-Calla in Jung-gu, Seoul on the 13th. This solo comeback comes about one year and five months after his last.

Milwaukee beat the Dodgers 7-4 in NLCS Game 2 to go up 2-0. Yamamoto was pulled early after 2⅔ innings with three earned runs, while Contreras had three hits, including a home run, and drove in three runs.

Cleveland beat Tampa Bay 7-3. They were down 0-2, tied the game in the seventh, took the lead in the eighth on Lowe's two-run single, and added three more in the ninth. Tampa Bay suffered its first loss of this postseason.

KIA beat LG 4-2 in the final game of the regular season. With the score tied 2-2 in the eighth, Kim Do-young hit a go-ahead two-run homer, his 45th, to take sole possession of the home run lead. KIA advanced directly to the semi-playoffs.

On the night of the 11th and 12th, Danfoss refrigeration control systems were attacked, causing the forced defrost function to operate at 50 degrees. Mousquetaires reported 300 stores affected, the Paris prosecutor's office is investigating, and a fire also occurred.

Edward Dobrovsky, a ransomware negotiator and former Canadian security executive, was arrested in Pennsylvania on the 8th. The FBI announced on the 9th that it was the third suspect arrested in connection with ShinyHunters, and the indictment remains sealed.

Canonical announced on the 8th an ongoing DDoS attack. The outage lasted just over four hours and affected ubuntu.com and others, while repositories and mirrors stayed up. No group has claimed responsibility so far.

The Busan Creative Economy Innovation Center said all six companies it recommended for TIPS this year were selected. Starting in 2026, TIPS provides up to 800 million won in R&D support per company over two years.

Physical AI data company NDotLite was selected for R&D under the 2026 Scale-up TIPS and will receive up to 3 billion won over three years. It will develop technology for the TRINIX 3D data generation platform.

Dongseung, which operates Dongdaemun Market, set up Dongseung Global, a 100%-owned subsidiary responsible for discovering new businesses, strategic equity investment and mergers and acquisitions. Its first CEO is Park Hyuk-jin, a former VC.

The Early-Stage Investment Accelerator Association launched a Southeast Korea AC network in Busan. As of the end of 2025, cumulative AC investment nationwide was 4.5291 trillion won, and in the Southeast region it was 340.4 billion won.

POSCO started operating its second plant, with an annual capacity of 23,000 tons, at the Hombre Muerto salt lake in Catamarca Province. POSCO, Rio Tinto and Galan Lithium will bring four lithium facilities online in sequence during October.

The Cabinet approved the promulgation bill for an amendment to the Broadcasting Act, which provides a legal basis for the government to support program production by small broadcast channel operators (PPs). It takes effect six months after promulgation, and the Korea Media and Communications Commission plans to implement it in April next year.

At the audit, Intellectual Property Office Commissioner Kim Yong-seon said the agency will use AI for constant monitoring of counterfeit sales on live broadcasts. A lawmaker noted there were 23 live-stream enforcement actions last year and 4 in the first half of this year, and that platform cooperation is only at MOU level.