Kim Jong Un's Latest Missile: Is North Korea Closer to Realizing Its Nuclear Ambitions?North Korean Chairman Kim Jong Un directed the first test launch of a new intermediate-to-long range solid-fueled missile, the Hwasong-16B, equipped with a newly developed hypersonic gliding warhead on the 2nd, reported the Korean Central News Agency on the 3rd. /Yonhap News The South Korean Joint Chiefs of Staff (JCS) evaluated North Korea’s announcement of […]
U.S. Insurers Flag 'U.S. Economic Recession' as Top Investment Risk This YearPhoto=Newsis Major U.S. insurers ‘ top investment and finance executives have pinpointed ‘U.S. economic slowdown and recession’ as a macroeconomic risk that could impact investment portfolios this year. Goldman Sachs Asset Management disclosed the results of a survey conducted among 359 Chief Investment Officers (CIOs) and Chief Financial Officers (CFOs) of U.S. insurance companies on […]
Trump's War on Electric Cars: A Power Move or Backwards Thinking?ⓒAP/Yonhap News Former U.S. President and Republican presidential candidate Donald Trump has announced that he will abolish the electric vehicle (EV) purchase subsidy on his first day in office. According to the AP and other sources, Trump made this declaration to appeal for support in Michigan and Wisconsin, key battleground states in the election, on […]
Ukrainian Drone Flies 684 Miles, Hits Russian Oil Refinery and Drone FactoryReuters·Yonhap News The New York Times (NYT) reported that the Ukrainian military attacked a Russian oil refinery and munitions factory over 684 miles (1,100 km) away from the border using drones on April 2nd. The NYT reported that the oil refinery and munitions factory in the Tatarstan region of Russia, about 700 miles (1,127km) away […]
Epic Revenge Match Draws Record-Breaking Viewership in NCAA Women's BasketballThe fervor for college sports in the United States has set a new record. The NCAA (National Collegiate Athletic Association) women’s basketball game attracted 12.3 million TV viewers, breaking the all-time high. According to ESPN, the women’s college basketball game between the University of Iowa and Louisiana State University occurred on the 2nd (Korean time). […]
China's $5 Trillion Evaporation: India Rises to Fourth Largest MarketOver the past three years, nearly $5 trillion has evaporated from the combined market capitalization of mainland China and Hong Kong. The market is significantly shrinking as global investors’ trust fails to recover. In contrast, the Indian stock market, classified as an emerging market, has risen to the world’s fourth-largest market over the last eight […]
North Korea's Missile Test Stirs Election Anxiety in South KoreaOn April 3rd, North Korea’s Korean Central Television revealed footage of the first test launch of a new intermediate-long-range solid-fuel missile, Hwasong-16B, equipped with a newly developed hypersonic gliding warhead. [Photo=Yonhap News] With the April 10th general election just a week away, North Korea claimed to have successfully test-fired a new intermediate-long-range solid-fuel hypersonic ballistic […]
NATO: 'Massive Ukraine Aid Package Ahead of Possible Trump Re-Election'Discussed a 5-year $100 billion military aidStoltenberg proposed a “Trump-Proof” plan“Requires agreement of 32 member states, fairly nascent.” The North Atlantic Treaty Organization (NATO) has proposed a $100 bn military aid package to Ukraine in anticipation of Donald Trump’s potential return to the presidency. According to the Financial Times on the 2nd (local time), NATO […]
Tick Tock on the Moon: U.S. to Develop Lunar Standard TimeWhite House orders NASA to establish standard timeAdvancing exploration and excavation with lunar standard timeWhite House: “Need a talk with nations of Artemis Accords” As the race for moon exploration among space development superpowers accelerates, the U.S. is set to establish a lunar standard time. With the introduction of the standard time, all figures, standards, […]
Japan's Defense Export Revolution: A Game Changer in Global Politics? - Part 4Competition between Korea and Japan in the fighter jet market is Inevitable The greatest concern for the South Korean defense industry is Japan’s move to export fighter jets. Japan, jointly developing next-generation fighter jets with the UK and Italy for deployment in the 2030s, has even revised its laws to facilitate sales. The Fumio Kishida […]
Japan's Defense Export Revolution: A Game Changer in Global Politics? - Part 3“The surge in South Korea’s K-defense exports stimulates Japan” The reason Japanese defense companies are aggressively launching sales is not only due to the strong will of the Japanese government to export defense equipment but also due to the changes in the rapidly growing global defense market after the Ukraine war. For example, in the […]
Japan's Defense Export Revolution: A Game Changer in Global Politics? - Part 2Japan’s First Offensive Weapon Export After World War II The South Korean defense industry interprets Japan’s move as an intention to curb the Korean defense industry as the boom in the South Korean defense industry intensifies, along with Japan’s transition to a normal country. Since the Ukraine war, countries worldwide have been increasing their defense […]
Japan's Defense Export Revolution: A Game Changer in Global Politics? - Part 1Japan, which has had strictly limited arms exports since its defeat in World War II, is accelerating its defense exports. According to Japanese media, Japan announced a plan to approve the export of the sixth-generation advanced fighter jet being jointly developed with the UK and Italy at a cabinet meeting on March 26. Consequently, Japan […]
China Blasts U.S. Export Restrictions, Global Industry on EdgeU.S. Announces Revised Export Regulations on January 29“Serious Impact on Cooperation between China and Foreign Companies” China has criticized the U.S.’s semiconductor export regulations towards the country, claiming they are causing uncertainty in the global semiconductor industry. According to Reuters on the 1st (local time), He Yadong, a spokesman for the Chinese Ministry of Commerce, […]
U.S. and Japan Forge Alliance to Tackle China's Semiconductor SupremacyUpcoming Summit to Confirm CooperationPlans to Collaborate with G7 and Others The United States and Japan are set to bolster their semiconductor alliance against China, expanding the front to include general-purpose semiconductors. According to Yomiuri Shimbun, on the 2nd, the United States and Japan reached an agreement to reinforce their cooperation in establishing a semiconductor […]
Trump Dodges Financial Fallout: Pays $175 Million to Save AssetsReuters reported on the 1st (local time) that former U.S. President Donald Trump has posted a $175 million bond in the New York civil fraud case, preventing the seizure of his assets. On February 16th, Justice Arthur Engoron of the New York Manhattan District Court imposed a fine of $454 million, including interest, against Trump […]
Trump's Truth Social Plunges 21%: Bubble Burst or Temporary Setback?The popularity of Truth Social, which had a dazzling debut, has faded. Shares of Donald Trump’s social media company plunged 21% on Monday, wiping out the gains from its debut last week, returning to its pre-IPO price. The New York Times (NYT) commented, “The early fever fades.” According to foreign media, including the New York […]
China's Foreign Minister Warns Europe: De-risking Against China Not in Your Best InterestWang Yi, Director of the Chinese Communist Party (CCP) Central Foreign Affairs Commission (also serving as the Foreign Minister), met with the French Foreign Minister, expressed China’s position by stating that France’s participation in the U.S.-led de-risking against China would not be in its best interest. According to the Chinese Foreign Ministry on the 1st, Wang emphasized during a […]
Russia Under Fire: South Korea Sanctions Russian Ships and Individuals Over North Korean TiesNorth Korean leader Kim Jong Un inspected the Korean People’s Army’s 105th Guards Seoul Ryu Kyong Su Armored Division and its 1st Tank Armored Infantry Battalion on the 24th, according to a report by the Korean Central News Agency on the 25th of last month./Yonhap News The government has designated two Russian ships involved in […]
Xiaomi Sparks Electric Car Price War in ChinaXiaomi’s electric vehicle SU7 priced at around $33,000Price reduction for Nio’s luxury SUV after announcementXiaopeng lowered the price of P7i’s top model The Chinese electric vehicle market has plunged into a full-scale price war. Starting with Xiaomi, competing brands are reducing prices one after another. On the 31st, Yonhap News reported, citing Chinese economic media […]
Kim Jong Un's Latest Missile: Is North Korea Closer to Realizing Its Nuclear Ambitions? North Korean Chairman Kim Jong Un directed the first test launch of a new intermediate-to-long range solid-fueled missile, the Hwasong-16B, equipped with a newly developed hypersonic gliding warhead on the 2nd, reported the Korean Central News Agency on the 3rd. /Yonhap News The South Korean Joint Chiefs of Staff (JCS) evaluated North Korea’s announcement of […]
U.S. Insurers Flag 'U.S. Economic Recession' as Top Investment Risk This Year Photo=Newsis Major U.S. insurers ‘ top investment and finance executives have pinpointed ‘U.S. economic slowdown and recession’ as a macroeconomic risk that could impact investment portfolios this year. Goldman Sachs Asset Management disclosed the results of a survey conducted among 359 Chief Investment Officers (CIOs) and Chief Financial Officers (CFOs) of U.S. insurance companies on […]
Trump's War on Electric Cars: A Power Move or Backwards Thinking? ⓒAP/Yonhap News Former U.S. President and Republican presidential candidate Donald Trump has announced that he will abolish the electric vehicle (EV) purchase subsidy on his first day in office. According to the AP and other sources, Trump made this declaration to appeal for support in Michigan and Wisconsin, key battleground states in the election, on […]
Ukrainian Drone Flies 684 Miles, Hits Russian Oil Refinery and Drone Factory Reuters·Yonhap News The New York Times (NYT) reported that the Ukrainian military attacked a Russian oil refinery and munitions factory over 684 miles (1,100 km) away from the border using drones on April 2nd. The NYT reported that the oil refinery and munitions factory in the Tatarstan region of Russia, about 700 miles (1,127km) away […]
Epic Revenge Match Draws Record-Breaking Viewership in NCAA Women's Basketball The fervor for college sports in the United States has set a new record. The NCAA (National Collegiate Athletic Association) women’s basketball game attracted 12.3 million TV viewers, breaking the all-time high. According to ESPN, the women’s college basketball game between the University of Iowa and Louisiana State University occurred on the 2nd (Korean time). […]
China's $5 Trillion Evaporation: India Rises to Fourth Largest Market Over the past three years, nearly $5 trillion has evaporated from the combined market capitalization of mainland China and Hong Kong. The market is significantly shrinking as global investors’ trust fails to recover. In contrast, the Indian stock market, classified as an emerging market, has risen to the world’s fourth-largest market over the last eight […]
North Korea's Missile Test Stirs Election Anxiety in South Korea On April 3rd, North Korea’s Korean Central Television revealed footage of the first test launch of a new intermediate-long-range solid-fuel missile, Hwasong-16B, equipped with a newly developed hypersonic gliding warhead. [Photo=Yonhap News] With the April 10th general election just a week away, North Korea claimed to have successfully test-fired a new intermediate-long-range solid-fuel hypersonic ballistic […]
NATO: 'Massive Ukraine Aid Package Ahead of Possible Trump Re-Election' Discussed a 5-year $100 billion military aidStoltenberg proposed a “Trump-Proof” plan“Requires agreement of 32 member states, fairly nascent.” The North Atlantic Treaty Organization (NATO) has proposed a $100 bn military aid package to Ukraine in anticipation of Donald Trump’s potential return to the presidency. According to the Financial Times on the 2nd (local time), NATO […]
Tick Tock on the Moon: U.S. to Develop Lunar Standard Time White House orders NASA to establish standard timeAdvancing exploration and excavation with lunar standard timeWhite House: “Need a talk with nations of Artemis Accords” As the race for moon exploration among space development superpowers accelerates, the U.S. is set to establish a lunar standard time. With the introduction of the standard time, all figures, standards, […]
Japan's Defense Export Revolution: A Game Changer in Global Politics? - Part 4 Competition between Korea and Japan in the fighter jet market is Inevitable The greatest concern for the South Korean defense industry is Japan’s move to export fighter jets. Japan, jointly developing next-generation fighter jets with the UK and Italy for deployment in the 2030s, has even revised its laws to facilitate sales. The Fumio Kishida […]
China Blasts U.S. Export Restrictions, Global Industry on Edge U.S. Announces Revised Export Regulations on January 29“Serious Impact on Cooperation between China and Foreign Companies” China has criticized the U.S.’s semiconductor export regulations towards the country, claiming they are causing uncertainty in the global semiconductor industry. According to Reuters on the 1st (local time), He Yadong, a spokesman for the Chinese Ministry of Commerce, […]
U.S. and Japan Forge Alliance to Tackle China's Semiconductor Supremacy Upcoming Summit to Confirm CooperationPlans to Collaborate with G7 and Others The United States and Japan are set to bolster their semiconductor alliance against China, expanding the front to include general-purpose semiconductors. According to Yomiuri Shimbun, on the 2nd, the United States and Japan reached an agreement to reinforce their cooperation in establishing a semiconductor […]
Trump Dodges Financial Fallout: Pays $175 Million to Save Assets Reuters reported on the 1st (local time) that former U.S. President Donald Trump has posted a $175 million bond in the New York civil fraud case, preventing the seizure of his assets. On February 16th, Justice Arthur Engoron of the New York Manhattan District Court imposed a fine of $454 million, including interest, against Trump […]
Trump's Truth Social Plunges 21%: Bubble Burst or Temporary Setback? The popularity of Truth Social, which had a dazzling debut, has faded. Shares of Donald Trump’s social media company plunged 21% on Monday, wiping out the gains from its debut last week, returning to its pre-IPO price. The New York Times (NYT) commented, “The early fever fades.” According to foreign media, including the New York […]
China's Foreign Minister Warns Europe: De-risking Against China Not in Your Best Interest Wang Yi, Director of the Chinese Communist Party (CCP) Central Foreign Affairs Commission (also serving as the Foreign Minister), met with the French Foreign Minister, expressed China’s position by stating that France’s participation in the U.S.-led de-risking against China would not be in its best interest. According to the Chinese Foreign Ministry on the 1st, Wang emphasized during a […]
Russia Under Fire: South Korea Sanctions Russian Ships and Individuals Over North Korean Ties North Korean leader Kim Jong Un inspected the Korean People’s Army’s 105th Guards Seoul Ryu Kyong Su Armored Division and its 1st Tank Armored Infantry Battalion on the 24th, according to a report by the Korean Central News Agency on the 25th of last month./Yonhap News The government has designated two Russian ships involved in […]
Xiaomi Sparks Electric Car Price War in China Xiaomi’s electric vehicle SU7 priced at around $33,000Price reduction for Nio’s luxury SUV after announcementXiaopeng lowered the price of P7i’s top model The Chinese electric vehicle market has plunged into a full-scale price war. Starting with Xiaomi, competing brands are reducing prices one after another. On the 31st, Yonhap News reported, citing Chinese economic media […]
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