Torrential rains have triggered a deadly landslide in South Korea's Gyeongsang province. One person was killed and two others injured after a wall of mud buried the first floor of an apartment building in the coastal city of Geoje. The area recorded more than 400 mm of rain overnight with 124.5 mm falling in a single hour, the highest since records began in 1972. Cars were swept away, tourist sites closed, bus services suspended and residents urged to stay indoors. The Hang Seng is trading near 25,521 while Europe's DAX is trading near 26,440. Oil is down on the session at $81.80. Gold remains flat at $4,453. Bitcoin has moved to $63,585. And finally, rescuers are still searching for survivors and officials warn more heavy rain is on the way.
Condor Studio News · 2:00 AM Central · Aug 17, 2026.