Pentagon Initiates Efforts to Develop Domestic Rare Earth Element SupplyThe U.S. Department of Defense is taking steps to establish a supply chain for rare earth permanent magnets to reduce dependence on China and secure its domestic supply network. Laura D. Taylor-Kale, Assistant Secretary of Industrial Policy, stated on the 11th, “We have been working to secure the supply chain for rare earth elements needed […]
Grayscale Seeks SEC Approval for Mini Bitcoin ETF to Attract InvestorsThe world’s largest cryptocurrency operator, Grayscale Investments, is set to introduce a mini Bitcoin spot exchange-traded fund (ETF) with lower commissions. This move is seen as a strategic step to reclaim the market dominance from competitors like BlackRock and Fidelity. According to Reuters and other sources, on the 13th, Grayscale applied to the U.S. Securities […]
Former Goldman Sachs Exec Spills Crypto Secrets: What's in Raoul Pal's Portfolio?Raoul Pal, a former executive at the global investment bank Goldman Sachs and currently the CEO of financial services company Real Vision, has revealed his cryptocurrency asset portfolio. On the 8th, Pal appeared on the cryptocurrency YouTube channel “Crypto Banter,” stating that about 90% of his assets are in the cryptocurrency sector. Pal is one […]
China's Waste Battery Recovery Tops $5.3 Billion, Sparks Recycling BoomThe recovery of waste batteries in China exceeded $5.3 billion last year. The recycling market is expected to surge due to the overlapping demand for securing major minerals. According to KOTRA Shanghai and Zhongshan Industrial Research Institute, on the 9th, waste battery recovery in China increased from 236,000 tons in 2021 to 415,000 tons the […]
GM Named Most Repurchased Car Brand in U.S. for 9th Consecutive YearGeneral Motors (GM) has been selected as the car manufacturer with the highest repurchase rate in the U.S. market for nine consecutive years. This achievement is due to continuously enhancing product development and marketing initiatives. It is expected to lead to an increase in global brand image and awareness. According to global research agency S&P […]
U.S. to Restrict Sale of Strategic Petroleum Reserves to ChinaThe U.S. Congress is pushing for a measure to prohibit the sale of strategic petroleum reserves to China. According to industry sources, on the 10th, U.S. bipartisan leaders agreed on the 3rd to continue operating a significant portion of government functions until the end of the fiscal year 2023 (October 2023 to September 2024) to […]
Russia Launches New Projects to Boost Birth Rate and Support Youth EducationThe Russian government is launching a new project to increase the domestic birth rate and strengthen support for youth education. According to KOTRA and other sources, on the 9th, Russia is planning to start five new national projects: △Family (aiming to increase birth rate and life expectancy) △, Russian Youth (aiming to better youth education) […]
U.S. Government Approves $350 Million Weapon Sale to South Korea, MH-60R Engines IncludedSouth Korea has received approval from the U.S. government for the sale of weapons worth $350 million, including the engine of the maritime operations helicopter “MH-60R (Seahawk).” The path has been opened to introduce six U.S. General Electric (GE) engines. According to the U.S. Defense Security Cooperation Agency (DSCA), on the 11th, this department approved […]
India Deploys K9 Vajra Howitzers in Disputed Border Area with ChinaIndia is deploying the K9 Vajra (meaning thunder in Hindi) self-propelled howitzer, locally produced via the technology transfer from Hanwha Aerospace, into actual combat. According to industry sources, on the 8th, Larsen & Toubro (L&T) delivered 100 K9 self-propelled howitzers manufactured with the technology transferred from Hanwha Aerospace to the Indian Army. The Indian Army, […]
Goldman Sachs Warns of Continued Downtrend in Cobalt, Lithium, and Nickel PricesGlobal investment bank Goldman Sachs has warned about the further decline in battery metal prices. Battery mineral mining companies have begun to regulate production, but the downward trend continues. On the 5th, Goldman Sachs stated in an investment note, “Although the prices of nickel, lithium, and cobalt have fallen by 60%, 80%, and 65% respectively […]
South Korea's Big Mac Index Rises to $4.11, Undervaluation ContinuesSouth Korea’s Big Mac Index ranks sixth highest in Asia. The Big Mac Index is a measure that converts the price of a Big Mac sold at McDonald’s outlets in various countries into US dollars. It is used to gauge a country’s currency value and exchange rate. The British economic weekly, The Economist, has been […]
Qatar Bitcoin Investment Rumors ReigniteThere’s a renewed buzz around Qatar’s investment in Bitcoin. Speculation has been sparked by claims that the private jet of the Qatari Emir was spotted at a Bitcoin conference venue. According to industry sources on the 5th, Anthony Scaramucci, founder of SkyBridge Capital and a veteran of the hedge fund industry, recently stated through his […]
Indiana Secretary of Commerce To Meet With Samsung SDI to Discuss Battery CooperationDavid Rosenberg, Secretary of Commerce for the State of Indiana, USA, is visiting South Korea. He will meet with Samsung SDI, the largest Korean investor in the state, to discuss potential collaborations in the battery business and review major issues. He is also expected to meet with SoulBrain and Jaewon Industries, both battery material companies, […]
India Set to Drive 20% of Global Growth in Next 5 to 7 Years: KKR ReportIndia is expected to play a critical role in global economic growth. Analysts predict that the synergy of active private sector investment and attentive government support will drive this growth. According to industry sources on the 3rd, Henry H. McVey, Chief Investment Officer (CIO) of the U.S. private equity firm KKR, recently stated in a […]
U.S. Strengthen Cybersecurity for Chinese-made Cranes Suspected of Being Spy ToolsThe U.S. government has taken measures to protect Chinese-made port cranes and other port facilities from cyberattacks, which have been raised as potential tools for Chinese espionage. The Chinese government has protested in response, claiming it to be a crackdown on its companies. According to the Korea Institute for International Economic Policy and other sources, […]
Tesla's Savior? Cathie Wood Pins Hopes on Autonomous Taxi PlatformAs pessimistic forecasts continue for Tesla’s stock price, Cathie Wood has expressed a contrary opinion. She believes that Tesla’s autonomous taxi will exert innovative influence. According to industry insiders on the 4th, Wood stated in a recent interview with the media that “Tesla’s target stock price will remain at $2000 per share until 2027,” adding, […]
Explore the Features of 'Hyundai Ioniq 6: 'Electric Car of the Year' [TheGuru=Jinwoong Yoon] Hyundai Ioniq 6 has been selected as the '2023 Electric Vehicle of the Year' by the US automotive publication The Driver...
Meta Hit with Lawsuit by 33 States, Accused of Harming Teen Mental Health33 U.S. states sue Meta, claiming it harms youth's mental health with addictive social media practices, demanding penalties and remedies.
Pentagon Initiates Efforts to Develop Domestic Rare Earth Element Supply The U.S. Department of Defense is taking steps to establish a supply chain for rare earth permanent magnets to reduce dependence on China and secure its domestic supply network. Laura D. Taylor-Kale, Assistant Secretary of Industrial Policy, stated on the 11th, “We have been working to secure the supply chain for rare earth elements needed […]
Grayscale Seeks SEC Approval for Mini Bitcoin ETF to Attract Investors The world’s largest cryptocurrency operator, Grayscale Investments, is set to introduce a mini Bitcoin spot exchange-traded fund (ETF) with lower commissions. This move is seen as a strategic step to reclaim the market dominance from competitors like BlackRock and Fidelity. According to Reuters and other sources, on the 13th, Grayscale applied to the U.S. Securities […]
Former Goldman Sachs Exec Spills Crypto Secrets: What's in Raoul Pal's Portfolio? Raoul Pal, a former executive at the global investment bank Goldman Sachs and currently the CEO of financial services company Real Vision, has revealed his cryptocurrency asset portfolio. On the 8th, Pal appeared on the cryptocurrency YouTube channel “Crypto Banter,” stating that about 90% of his assets are in the cryptocurrency sector. Pal is one […]
China's Waste Battery Recovery Tops $5.3 Billion, Sparks Recycling Boom The recovery of waste batteries in China exceeded $5.3 billion last year. The recycling market is expected to surge due to the overlapping demand for securing major minerals. According to KOTRA Shanghai and Zhongshan Industrial Research Institute, on the 9th, waste battery recovery in China increased from 236,000 tons in 2021 to 415,000 tons the […]
GM Named Most Repurchased Car Brand in U.S. for 9th Consecutive Year General Motors (GM) has been selected as the car manufacturer with the highest repurchase rate in the U.S. market for nine consecutive years. This achievement is due to continuously enhancing product development and marketing initiatives. It is expected to lead to an increase in global brand image and awareness. According to global research agency S&P […]
U.S. to Restrict Sale of Strategic Petroleum Reserves to China The U.S. Congress is pushing for a measure to prohibit the sale of strategic petroleum reserves to China. According to industry sources, on the 10th, U.S. bipartisan leaders agreed on the 3rd to continue operating a significant portion of government functions until the end of the fiscal year 2023 (October 2023 to September 2024) to […]
Russia Launches New Projects to Boost Birth Rate and Support Youth Education The Russian government is launching a new project to increase the domestic birth rate and strengthen support for youth education. According to KOTRA and other sources, on the 9th, Russia is planning to start five new national projects: △Family (aiming to increase birth rate and life expectancy) △, Russian Youth (aiming to better youth education) […]
U.S. Government Approves $350 Million Weapon Sale to South Korea, MH-60R Engines Included South Korea has received approval from the U.S. government for the sale of weapons worth $350 million, including the engine of the maritime operations helicopter “MH-60R (Seahawk).” The path has been opened to introduce six U.S. General Electric (GE) engines. According to the U.S. Defense Security Cooperation Agency (DSCA), on the 11th, this department approved […]
India Deploys K9 Vajra Howitzers in Disputed Border Area with China India is deploying the K9 Vajra (meaning thunder in Hindi) self-propelled howitzer, locally produced via the technology transfer from Hanwha Aerospace, into actual combat. According to industry sources, on the 8th, Larsen & Toubro (L&T) delivered 100 K9 self-propelled howitzers manufactured with the technology transferred from Hanwha Aerospace to the Indian Army. The Indian Army, […]
Goldman Sachs Warns of Continued Downtrend in Cobalt, Lithium, and Nickel Prices Global investment bank Goldman Sachs has warned about the further decline in battery metal prices. Battery mineral mining companies have begun to regulate production, but the downward trend continues. On the 5th, Goldman Sachs stated in an investment note, “Although the prices of nickel, lithium, and cobalt have fallen by 60%, 80%, and 65% respectively […]
South Korea's Big Mac Index Rises to $4.11, Undervaluation Continues South Korea’s Big Mac Index ranks sixth highest in Asia. The Big Mac Index is a measure that converts the price of a Big Mac sold at McDonald’s outlets in various countries into US dollars. It is used to gauge a country’s currency value and exchange rate. The British economic weekly, The Economist, has been […]
Qatar Bitcoin Investment Rumors Reignite There’s a renewed buzz around Qatar’s investment in Bitcoin. Speculation has been sparked by claims that the private jet of the Qatari Emir was spotted at a Bitcoin conference venue. According to industry sources on the 5th, Anthony Scaramucci, founder of SkyBridge Capital and a veteran of the hedge fund industry, recently stated through his […]
Indiana Secretary of Commerce To Meet With Samsung SDI to Discuss Battery Cooperation David Rosenberg, Secretary of Commerce for the State of Indiana, USA, is visiting South Korea. He will meet with Samsung SDI, the largest Korean investor in the state, to discuss potential collaborations in the battery business and review major issues. He is also expected to meet with SoulBrain and Jaewon Industries, both battery material companies, […]
India Set to Drive 20% of Global Growth in Next 5 to 7 Years: KKR Report India is expected to play a critical role in global economic growth. Analysts predict that the synergy of active private sector investment and attentive government support will drive this growth. According to industry sources on the 3rd, Henry H. McVey, Chief Investment Officer (CIO) of the U.S. private equity firm KKR, recently stated in a […]
U.S. Strengthen Cybersecurity for Chinese-made Cranes Suspected of Being Spy Tools The U.S. government has taken measures to protect Chinese-made port cranes and other port facilities from cyberattacks, which have been raised as potential tools for Chinese espionage. The Chinese government has protested in response, claiming it to be a crackdown on its companies. According to the Korea Institute for International Economic Policy and other sources, […]
Tesla's Savior? Cathie Wood Pins Hopes on Autonomous Taxi Platform As pessimistic forecasts continue for Tesla’s stock price, Cathie Wood has expressed a contrary opinion. She believes that Tesla’s autonomous taxi will exert innovative influence. According to industry insiders on the 4th, Wood stated in a recent interview with the media that “Tesla’s target stock price will remain at $2000 per share until 2027,” adding, […]
Explore the Features of 'Hyundai Ioniq 6: 'Electric Car of the Year' [TheGuru=Jinwoong Yoon] Hyundai Ioniq 6 has been selected as the '2023 Electric Vehicle of the Year' by the US automotive publication The Driver...
Meta Hit with Lawsuit by 33 States, Accused of Harming Teen Mental Health 33 U.S. states sue Meta, claiming it harms youth's mental health with addictive social media practices, demanding penalties and remedies.
Hot Topics