Goldman Sachs Slashes Tesla's Target Price Over Production ConcernsGlobal investment bank Goldman Sachs has downgraded Tesla’s stock price. This reflects concerns about production issues and market conditions despite the price increase of Tesla’s main models. On the 18th, Goldman Sachs lowered Tesla’s target stock price from $220 to $190, maintaining a neutral investment opinion. The $190 is based on applying a 50-time multiplier […]
Goldman Sachs Expects Gold to Be $2300 This YearGoldman Sachs, a global investment bank (IB), predicted a sharp rise in the price of gold this year. This reflects expectations of a decrease in interest rates despite the uncertainty of U.S. interest rates. Goldman Sachs predicted on the 18th that the price of gold this year would reach $2300 per ounce. Previously, Goldman Sachs […]
Kia Telluride Ranks 3rd in the U.S. Large SUV MarketKia’s strategic North American sports utility vehicle (SUV) model, Telluride, was ranked among the top three models in the U.S. large three-row SUV market last year. The model was developed specifically for the U.S. market, reflecting local characteristics and successfully meeting customer needs. According to the industry, on the 18th, Kia Telluride sold 110,765 units […]
U.S. Scientists Stunning Revelation: Nature's Superconductor DiscoveredThe Ames National Laboratory, under the U.S. Department of Energy, has discovered evidence of unconventional superconductivity in naturally occurring rhenium sulfide (Rh17S15) samples. According to industry insiders, on the 14th, the Ames National Laboratory research team announced that they had discovered rhenium sulfide to be an unconventional superconductor. While conventional superconductors form pairs of electrons […]
Poland Unveils Upgraded Version of K2 Tank with Advanced FeaturesThe evolved performance of the K2PL (K2 Poland), the Polish export model of Hyundai Rotem’s K2 tank, has been unveiled. Unlike the existing K2 tanks, the K2PL is equipped with a Remote Control Weapon System (RCWS) similar to the ZSSW-30 turret system, an Active Protection System (APS) that can protect the tank from enemies, and […]
Next-Gen Golf Experience: LG Electronics Partners with Atomic Golf in Las VegasLG Electronics has partnered with Atomic Golf, a major golf entertainment company in the United States. They pioneer the next generation of landmark golf destinations in the United States and offer users a unique digital experience. According to the North American subsidiary of LG Electronics, on the 13th, they signed a partnership with Atomic Golf, […]
Hyundai's Solaris Reimagined: A New Chapter in Russian Automotive HistoryHyundai’s compact sedan model, Solaris, has been reborn as a Russian car brand. Four models are produced locally under the Solaris brand, simply rebranded versions of existing Hyundai and Kia models. According to the industry, on the 14th, AGR Automotive Group started producing four types of Solaris brand vehicles, HS, HCR, KRS, and KRX, at […]
China Copper Explores Overseas Investments to Alleviate Copper Supply ConstraintsChina Copper, a subsidiary of the Aluminum Corporation of China (Chalco), is turning to overseas copper mine development to overcome the shortage of copper supply in China. Xiong Weiping, the CEO of Chalco, said in an interview with Reuters on the 11th (local time), “China Copper has launched an acquisition of overseas copper mines as […]
Kia's EV9 Features V2L Technology to Create Artificial Sun in NorwayKia’s flagship large electric sports utility vehicle (SUV) model, the “EV9,” has lit up the Nordic sky in place of the sun. Using the EV9’s representative V2L (Vehicle to Load) feature, Kia has showcased its brand’s electric vehicle technology while demonstrating its commitment to carbon neutrality. According to industry sources, on the 12th, Kia recently […]
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 […]
Goldman Sachs Slashes Tesla's Target Price Over Production Concerns Global investment bank Goldman Sachs has downgraded Tesla’s stock price. This reflects concerns about production issues and market conditions despite the price increase of Tesla’s main models. On the 18th, Goldman Sachs lowered Tesla’s target stock price from $220 to $190, maintaining a neutral investment opinion. The $190 is based on applying a 50-time multiplier […]
Goldman Sachs Expects Gold to Be $2300 This Year Goldman Sachs, a global investment bank (IB), predicted a sharp rise in the price of gold this year. This reflects expectations of a decrease in interest rates despite the uncertainty of U.S. interest rates. Goldman Sachs predicted on the 18th that the price of gold this year would reach $2300 per ounce. Previously, Goldman Sachs […]
Kia Telluride Ranks 3rd in the U.S. Large SUV Market Kia’s strategic North American sports utility vehicle (SUV) model, Telluride, was ranked among the top three models in the U.S. large three-row SUV market last year. The model was developed specifically for the U.S. market, reflecting local characteristics and successfully meeting customer needs. According to the industry, on the 18th, Kia Telluride sold 110,765 units […]
U.S. Scientists Stunning Revelation: Nature's Superconductor Discovered The Ames National Laboratory, under the U.S. Department of Energy, has discovered evidence of unconventional superconductivity in naturally occurring rhenium sulfide (Rh17S15) samples. According to industry insiders, on the 14th, the Ames National Laboratory research team announced that they had discovered rhenium sulfide to be an unconventional superconductor. While conventional superconductors form pairs of electrons […]
Poland Unveils Upgraded Version of K2 Tank with Advanced Features The evolved performance of the K2PL (K2 Poland), the Polish export model of Hyundai Rotem’s K2 tank, has been unveiled. Unlike the existing K2 tanks, the K2PL is equipped with a Remote Control Weapon System (RCWS) similar to the ZSSW-30 turret system, an Active Protection System (APS) that can protect the tank from enemies, and […]
Next-Gen Golf Experience: LG Electronics Partners with Atomic Golf in Las Vegas LG Electronics has partnered with Atomic Golf, a major golf entertainment company in the United States. They pioneer the next generation of landmark golf destinations in the United States and offer users a unique digital experience. According to the North American subsidiary of LG Electronics, on the 13th, they signed a partnership with Atomic Golf, […]
Hyundai's Solaris Reimagined: A New Chapter in Russian Automotive History Hyundai’s compact sedan model, Solaris, has been reborn as a Russian car brand. Four models are produced locally under the Solaris brand, simply rebranded versions of existing Hyundai and Kia models. According to the industry, on the 14th, AGR Automotive Group started producing four types of Solaris brand vehicles, HS, HCR, KRS, and KRX, at […]
China Copper Explores Overseas Investments to Alleviate Copper Supply Constraints China Copper, a subsidiary of the Aluminum Corporation of China (Chalco), is turning to overseas copper mine development to overcome the shortage of copper supply in China. Xiong Weiping, the CEO of Chalco, said in an interview with Reuters on the 11th (local time), “China Copper has launched an acquisition of overseas copper mines as […]
Kia's EV9 Features V2L Technology to Create Artificial Sun in Norway Kia’s flagship large electric sports utility vehicle (SUV) model, the “EV9,” has lit up the Nordic sky in place of the sun. Using the EV9’s representative V2L (Vehicle to Load) feature, Kia has showcased its brand’s electric vehicle technology while demonstrating its commitment to carbon neutrality. According to industry sources, on the 12th, Kia recently […]
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 […]
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