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Financial News (118 Posts)
Fatal Fire in Korea Highlights Reliance on Migrant Labor for Undesirable JobsAmidst the confirmation that most of the fatalities in the fire at the Aricell factory in Hwaseong, Gyeonggi Province on June 24 were foreign temporary workers. Media outlets have highlighted the increasing dependence on foreign labor in South Korea. AP News and The New York Times (NYT) reported on June 25 that “a fire at […]
Denmark Introduces 'Fart Tax' to Curb EmissionsDenmark, known as the dairy powerhouse, has decided to impose a carbon tax on farmers for the first time in the world. The so-called “fart tax” that is imposed depending on carbon dioxide emissions, is expected to levy approximately $107 per cow annually. According to the Financial Times (FT) on the 25th (local time), the […]
Could Taxing the Super Rich Fix Our Economy?A study suggested that a minimal additional tax on the world’s billionaires could potentially collect up to $250 billion annually. On the 25th (local time), the Financial Times (FT) reported that participants in a study commissioned by the Group of 20 (G20) indicated it is technically feasible to collect such an amount in taxes from […]
South Korean Marines Power Up Defenses with Live-Fire ExercisesThe 6th Marine Brigade and Yeonpyeong Unit under the Northwestern Islands Defense Command have resumed their annual maritime firearms training in the Northwestern Islands area, including Yeonpyeong Island and Baengnyeong Island. The Marine Corps announced on the 26th that amid North Korea’s various provocations, including the launch of trash balloons and hypersonic intermediate-range ballistic missiles, […]
Is the Election Holding Back Car Buyers? U.S. Sales Trends Suggest SoAmidst a plethora of economic uncertainties including the upcoming November elections, the speed of car sales in the United States is expected to wind down. Before deciding on their purchase, individual consumers are likely to wait for the results of the November elections and the direction of the next administration. On the 25th (local time), […]
Potential Pandemic? New Mpox Strain Found in Central AfricaExperts have issued warnings about the potential global spread of a more dangerous variant of Monkeypox (Mpox), known as Clade 1b, which is considered more severe than the original strain. On the 25th, Sky News in the U.K. reported that researchers in the Democratic Republic of Congo (DRC) have called for countermeasures as Clade 1b, […]
A Look Inside North Korea's Trash BalloonsFragments of a document titled “Kim Jong Il Teachings” were found in the waste carried by several trash balloons sent by North Korea. The Ministry of Unification interpreted this as a sign of discontent among North Korean residents. According to the Ministry of Unification on the 25th, an analysis of the contents of about 70 […]
Children of War: Gaza's Heartbreaking Loss of Over 20,000 Young LivesSave the Children, the international non-governmental organization (NGO) for children’s rights, reported on the 25th that over 21,000 children in the Gaza Strip appear to be missing, detained, or dead. Save the Children indicates that as the Israeli military continues its offensive in Rafah, the southernmost city of the Gaza Strip considered the last stronghold […]
EU Eyes Massive Fines Over Apple App Store RulesThe European Union (EU) has imposed sanctions on Apple through its Digital Markets Act (DMA). If the EU regulatory authorities ultimately determine that Apple has violated the provisions of the DMA, they will impose a fine of up to 10% of Apple’s global sales. The EU Commission is expected to make a final decision on […]
U.S. Aircraft Carrier Becomes Stage for Stronger Military Ties with South KoreaOn the 25th, President Yoon Suk Yeol visited the USS Theodore Roosevelt, an American aircraft carrier docked at the Busan Naval Operations Base. He emphasized that “the Korea-U.S. alliance is stronger than ever and the greatest in the world that can defeat any enemy and achieve victory.” Earlier at the 74th anniversary event of the […]
Parisians Plan a Poopy Protest in the Seine Ahead of Olympics!A month before the opening of the Paris Olympics, Parisian citizens launched a campaign called Poop in the Seine. The Olympics have failed to garner the support of the French public, and instead, have become a target for boycotts and criticism due to rising prices and accommodation issues caused by the influx of tourists and […]
New Intelligence MOU Signed: A Step Forward for U.S.-South Korea RelationsThe Yoon Suk Yeol administration has strengthened its cooperation with the U.S. Department of State’s Bureau of Intelligence and Research (INR). This follows the INR’s regular strategic dialogue with the Korea National Diplomatic Academy last year and the signing of a Memorandum of Understanding (MOU) with the Ministry of Foreign Affairs Foreign Intelligence Planning Bureau. On […]
Certification Scandal Halts Toyota’s Latest Lexus SUV RolloutToyota Motor Corporation, which was caught in certification fraud, is delaying the production and release of the new Lexus GX550. According to the Nihon Keizai Shimbun (Nikkei) on the 25th, Toyota is expected to delay the production and release of 100 Lexus GX550s that were pre-sold until mid-last month. Although this model was not found […]
Nature’s Booby Trap: The Deadly Risk of Eating Wild MushroomsThe Rural Development Administration, the Ministry of Food and Drug Safety, and the Korea Forest Service issued a warning on the 25th about the dangers of indiscriminate consumption of wild mushrooms during the summer, leading to poisoning accidents. Out of 2,215 species of native mushrooms in Korea, only a few are edible, with the majority […]
No End in Sight: Netanyahu Rejects Full Stop to Gaza WarIsraeli Prime Minister Benjamin Netanyahu stated that the war in Gaza will continue even if Israel agrees to a ceasefire with the Palestinian armed faction. On the 23rd (local time), Arabic news broadcast Al Jazeera, reported that although willing to accept a partial compromise for the release of some Israeli hostages held by Hamas in […]
Presidential Wives in Hot Water: A Deep Dive into South Korea's Latest Legal DramaThe prosecution is accelerating investigations into the spouses of former and current presidents. A dedicated team is investigating allegations of First Lady Kim Keon Hee accepting luxury bags and former First Lady Kim Jung Sook’s unofficial trip to India. As they are investigating the spouses of public officials rather than the officials themselves, the legal […]
YouTube Cracks Down on VPN Users to Stop Cheaper Premium SubscriptionsYouTube has begun cracking down on users who use VPNs to change their internet access and subscribe to the paid service at a cheaper cost.
Dow Up, S&P Down: What's Driving Wall Street's Rollercoaster?The major New York Stock exchanges experienced mixed closes for the third consecutive day.
50-Year-Old Woman Wins Massive Settlement After Falling During a MarathonA woman who fell during a marathon and could no longer run has been awarded a substantial amount of compensation. According to the Seattle Times on the 23rd, Lesley Mettler Auld was awarded a settlement of $13.1 million by a King County jury. In 2021, Auld fell on a sidewalk in the Queen Anne neighborhood […]
Nvidia Faces 98% Drop Amid Market Bubble WarningsNvidia, which has risen 174% this year, has fallen sharply for three trading days, bringing back concerns about the second dotcom bubble.
Fatal Fire in Korea Highlights Reliance on Migrant Labor for Undesirable Jobs Amidst the confirmation that most of the fatalities in the fire at the Aricell factory in Hwaseong, Gyeonggi Province on June 24 were foreign temporary workers. Media outlets have highlighted the increasing dependence on foreign labor in South Korea. AP News and The New York Times (NYT) reported on June 25 that “a fire at […]
Denmark Introduces 'Fart Tax' to Curb Emissions Denmark, known as the dairy powerhouse, has decided to impose a carbon tax on farmers for the first time in the world. The so-called “fart tax” that is imposed depending on carbon dioxide emissions, is expected to levy approximately $107 per cow annually. According to the Financial Times (FT) on the 25th (local time), the […]
Could Taxing the Super Rich Fix Our Economy? A study suggested that a minimal additional tax on the world’s billionaires could potentially collect up to $250 billion annually. On the 25th (local time), the Financial Times (FT) reported that participants in a study commissioned by the Group of 20 (G20) indicated it is technically feasible to collect such an amount in taxes from […]
South Korean Marines Power Up Defenses with Live-Fire Exercises The 6th Marine Brigade and Yeonpyeong Unit under the Northwestern Islands Defense Command have resumed their annual maritime firearms training in the Northwestern Islands area, including Yeonpyeong Island and Baengnyeong Island. The Marine Corps announced on the 26th that amid North Korea’s various provocations, including the launch of trash balloons and hypersonic intermediate-range ballistic missiles, […]
Is the Election Holding Back Car Buyers? U.S. Sales Trends Suggest So Amidst a plethora of economic uncertainties including the upcoming November elections, the speed of car sales in the United States is expected to wind down. Before deciding on their purchase, individual consumers are likely to wait for the results of the November elections and the direction of the next administration. On the 25th (local time), […]
Potential Pandemic? New Mpox Strain Found in Central Africa Experts have issued warnings about the potential global spread of a more dangerous variant of Monkeypox (Mpox), known as Clade 1b, which is considered more severe than the original strain. On the 25th, Sky News in the U.K. reported that researchers in the Democratic Republic of Congo (DRC) have called for countermeasures as Clade 1b, […]
A Look Inside North Korea's Trash Balloons Fragments of a document titled “Kim Jong Il Teachings” were found in the waste carried by several trash balloons sent by North Korea. The Ministry of Unification interpreted this as a sign of discontent among North Korean residents. According to the Ministry of Unification on the 25th, an analysis of the contents of about 70 […]
Children of War: Gaza's Heartbreaking Loss of Over 20,000 Young Lives Save the Children, the international non-governmental organization (NGO) for children’s rights, reported on the 25th that over 21,000 children in the Gaza Strip appear to be missing, detained, or dead. Save the Children indicates that as the Israeli military continues its offensive in Rafah, the southernmost city of the Gaza Strip considered the last stronghold […]
EU Eyes Massive Fines Over Apple App Store Rules The European Union (EU) has imposed sanctions on Apple through its Digital Markets Act (DMA). If the EU regulatory authorities ultimately determine that Apple has violated the provisions of the DMA, they will impose a fine of up to 10% of Apple’s global sales. The EU Commission is expected to make a final decision on […]
U.S. Aircraft Carrier Becomes Stage for Stronger Military Ties with South Korea On the 25th, President Yoon Suk Yeol visited the USS Theodore Roosevelt, an American aircraft carrier docked at the Busan Naval Operations Base. He emphasized that “the Korea-U.S. alliance is stronger than ever and the greatest in the world that can defeat any enemy and achieve victory.” Earlier at the 74th anniversary event of the […]
Parisians Plan a Poopy Protest in the Seine Ahead of Olympics! A month before the opening of the Paris Olympics, Parisian citizens launched a campaign called Poop in the Seine. The Olympics have failed to garner the support of the French public, and instead, have become a target for boycotts and criticism due to rising prices and accommodation issues caused by the influx of tourists and […]
New Intelligence MOU Signed: A Step Forward for U.S.-South Korea Relations The Yoon Suk Yeol administration has strengthened its cooperation with the U.S. Department of State’s Bureau of Intelligence and Research (INR). This follows the INR’s regular strategic dialogue with the Korea National Diplomatic Academy last year and the signing of a Memorandum of Understanding (MOU) with the Ministry of Foreign Affairs Foreign Intelligence Planning Bureau. On […]
Certification Scandal Halts Toyota’s Latest Lexus SUV Rollout Toyota Motor Corporation, which was caught in certification fraud, is delaying the production and release of the new Lexus GX550. According to the Nihon Keizai Shimbun (Nikkei) on the 25th, Toyota is expected to delay the production and release of 100 Lexus GX550s that were pre-sold until mid-last month. Although this model was not found […]
Nature’s Booby Trap: The Deadly Risk of Eating Wild Mushrooms The Rural Development Administration, the Ministry of Food and Drug Safety, and the Korea Forest Service issued a warning on the 25th about the dangers of indiscriminate consumption of wild mushrooms during the summer, leading to poisoning accidents. Out of 2,215 species of native mushrooms in Korea, only a few are edible, with the majority […]
No End in Sight: Netanyahu Rejects Full Stop to Gaza War Israeli Prime Minister Benjamin Netanyahu stated that the war in Gaza will continue even if Israel agrees to a ceasefire with the Palestinian armed faction. On the 23rd (local time), Arabic news broadcast Al Jazeera, reported that although willing to accept a partial compromise for the release of some Israeli hostages held by Hamas in […]
Presidential Wives in Hot Water: A Deep Dive into South Korea's Latest Legal Drama The prosecution is accelerating investigations into the spouses of former and current presidents. A dedicated team is investigating allegations of First Lady Kim Keon Hee accepting luxury bags and former First Lady Kim Jung Sook’s unofficial trip to India. As they are investigating the spouses of public officials rather than the officials themselves, the legal […]
YouTube Cracks Down on VPN Users to Stop Cheaper Premium Subscriptions YouTube has begun cracking down on users who use VPNs to change their internet access and subscribe to the paid service at a cheaper cost.
Dow Up, S&P Down: What's Driving Wall Street's Rollercoaster? The major New York Stock exchanges experienced mixed closes for the third consecutive day.
50-Year-Old Woman Wins Massive Settlement After Falling During a Marathon A woman who fell during a marathon and could no longer run has been awarded a substantial amount of compensation. According to the Seattle Times on the 23rd, Lesley Mettler Auld was awarded a settlement of $13.1 million by a King County jury. In 2021, Auld fell on a sidewalk in the Queen Anne neighborhood […]
Nvidia Faces 98% Drop Amid Market Bubble Warnings Nvidia, which has risen 174% this year, has fallen sharply for three trading days, bringing back concerns about the second dotcom bubble.
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