The Tesla Effect: Investors Brace for Potential ELS Losses Tesla’s poor stock performance increases the potential for losses in Equity-Linked Securities (ELS) based on Tesla as the underlying asset. According to the Korea Securities Depository on the 23rd, as of the 19th, the foreign stock most held by domestic investors is Tesla, with a total holding value of $8.824 billion. Since last July, when […]
Healthcare Giant J&J Outperforms Market Predictions in Q1 Johnson & Johnson’s (J&J) first-quarter net profit exceeded market consensus. J&J’s first-quarter revenue was $21.38 billion, a 2.3% increase from the previous year, slightly lower than market expectations. However, earnings per share rose 12% to $2.71, surpassing market forecasts. The pharmaceutical business, including the anticancer drugs Darzalex and Erleada, led revenue growth, while the medical […]
Tesla Slashes Prices on All Models in China Following U.S. Reductions Electric car company Tesla lowered the sales prices of its three flagship models by $2,000 each in the U.S. market and then dropped the sales prices of all models in China. According to Tesla’s official Chinese website on the 21st, the Model 3 price was reduced from $39,000 to $36,800, a decrease of $2,200. The […]
Spicy Carbonara Noodles That's Making Foodies Go Crazy – Why America is Obsessed Samyang Roundsquare was released on the 19th, and the New York Times featured the American shortage of Samyang Buldak Carbonara Ramen, a signature product of Samyang Food and a favorite of Vice President Kim Jung Soo of Samyang Roundsquare. According to the New York Times, the product is difficult to purchase despite being sold at […]
PepsiCo Faces Allegations of Unfair Labor Practices from Teamsters Unions Teamsters unions in three U.S. states have filed a complaint against PepsiCo. On the 19th (local time), the Teamsters union reported to the National Labor Relations Board that they had accused PepsiCo of unfair labor practices. According to the union, local workers from five Teamsters in Illinois, Indiana, and Iowa accused PepsiCo of unfair labor […]
How China's Millennials Are Driving the Luxury Market Boom China’s luxury market is predicted to become the largest in the world. The shift in consumer trends, primarily among China’s younger population, is the main factor behind this growth. According to a report titled Inland China and Hong Kong Luxury Market released by the global consulting firm PwC China on the 21st, the Chinese luxury […]
SK On Doubles Down on Parental Leave On the 22nd, SK On announced that it will implement a parental leave system that extends the parental leave period up to two years. According to the Act on Equal Employment and Support for Work-Family Reconciliation, employees with children under eight can choose one year of parental leave followed by one year of reduced working […]
Volkswagen's U.S. Plant Makes History: Workers Overwhelmingly Vote to Join UAW 73% of voters in favor of joining the UAWSuccess in the South, where anti-union sentiment is strongMercedes-Benz Alabama factory to vote next month on 13th Workers at Volkswagen’s American factory have decided to join the United Auto Workers (UAW), according to a report by Reuters on the 19th (local time). The workers at Volkswagen’s only […]
Copper Prices Soar as China's Largest Mining Group Suspends Production Production suspended at the COMMUS copper mine in CongoThe possibility of high levels of radiation in cobalt raises concernsCopper prices are at their highest in a year and are expected to face increased upward pressure Zijin Mining Group, China’s top gold-producing company, has halted production at its copper mine in the Democratic Republic of the […]
American Express Beats Expectations with Stellar Earnings in Q1 An American multinational financial services company, American Express (AXP), exceeded consensus with its first-quarter earnings. American Express’ first quarter revenue for 2024 reached $15.8 billion, a 10.6% increase yearly, and net income rose by 34.2% to $2.4 billion, surpassing market expectations. The total payment amount increased by 5.1% to $419.2 billion, and the total number […]
Hyundai's Giant Step Towards Carbon Neutrality Hyundai Motor Group Hyundai Motor Group has signed a contract to purchase 147 MW of solar power to operate its electric vehicle (EV) factory, currently under construction in Georgia, USA, using renewable energy. The automotive giant recently announced that it has signed a long-term power purchase agreement (PPA) for 15 years (2025-2040) with a new […]
Tesla's Accelerator Pedal Issue: Recalls Nearly 4,000 Cybertrucks Tesla has initiated a recall for its Cybertruck. On the 19th (local time), Tesla announced that it had recalled 3,878 Cybertrucks to rework and replace the accelerator pedal, which could increase the risk of unintentional acceleration if it becomes detached. According to a recall report submitted to the U.S. National Highway Traffic Safety Administration, Tesla […]
K-Chicken: The New Food Trend Sweeping the U.S. Differentiation in sauce and seasoning attracts locals.Local brands are jumping on the trend of K-chicken menus. K-Chicken has captured the taste buds of Americans. Bonchon Chicken, BBQ, BHC, Pelicana, and Kyochon Chicken have been selected as America’s best Korean-style chicken brands. With the recent global Hallyu craze, the popularity of K-Food is on the rise, […]
Tesla's Dominance Challenged as BYD Takes Lead in China China’s foremost electric vehicle (EV) manufacturer, BYD, has secured the leading position in the domestic auto market share for the first time. According to the China Passenger Car Association (CPCA), on the 21st, BYD sold 263,000 units last month in China. This is a 35.4% increase compared to the sales volume of 192,289 units in […]
AI Chip Development Boosts Samsung Chairman to Top of Forbes' Rich List Lee Jae Yong, Chairman of Samsung Electronics, has topped Forbes’ list of South Korea’s 50 Richest People for the first time. Last year’s leader, Chairman Kim Byung Ju of MBK Partners, slipped to second place. Forbes reported on the 17th (local time) that Chairman Lee had taken the top spot in the 2024 Korea’s 50 […]
Google's Layoff Spree Continues Amid Economic Uncertainty Google recently initiated additional layoffs for its cost-cutting measures and plans to transition laid-off employees to overseas hubs. According to a Google spokesperson on the 17th (local time), the layoffs are not company-wide, and affected employees can apply for internal roles. However, the spokesperson did not specify the number of affected employees or the relevant […]
Drive Like a Pro: Kia Launches NBA-Themed Display in U.S. Kia has launched a service in the North American market that allows users to customize the design of vehicle clusters and infotainment displays to suit their preferences. Ahead of the NBA playoffs, Kia announced on Friday that it has released 30 NBA team-specific display themes in North America. These display themes are part of a […]
Tick Tock: Swiss Watch Exports Hit Four-Year Low Amid Chinese Demand Slowdown Swiss watch exports have significantly declined since 2020 as Chinese buyers’ demand for luxury watches slows. The world’s leading luxury company, LVMH, also feels the impact of Chinese consumers tightening their spending. On the 18th (local time), Bloomberg reported that the Swiss Watch Industry Federation’s exports in March fell by 16% compared to last year, […]
Revolutionizing EV Industry: Volvo and CATL's Battery Recycling Plan Volvo partnered with China’s CATL to replace old electric car batteries with new ones. The goal is to further reduce electric vehicles’ carbon footprint by recycling critical battery materials. Last month, Volvo discontinued the production of diesel cars to reduce their carbon footprint. As electric car sales continue to increase, many batteries will eventually be […]
Hyundai's Latest Decision Sparks Controversy in South Korea Hyundai Plans to Import ‘Sonata Taxi’ Produced in China Recently, news broke that Hyundai could import the eighth-generation Sonata taxi produced in China. At the time, the Hyundai union claimed a collective agreement violation and opposed the move. Until now, the seventh-generation Sonata taxi has been produced in the Chungnam Asan factory, but due to […]
The Tesla Effect: Investors Brace for Potential ELS Losses Tesla’s poor stock performance increases the potential for losses in Equity-Linked Securities (ELS) based on Tesla as the underlying asset. According to the Korea Securities Depository on the 23rd, as of the 19th, the foreign stock most held by domestic investors is Tesla, with a total holding value of $8.824 billion. Since last July, when […]
Healthcare Giant J&J Outperforms Market Predictions in Q1 Johnson & Johnson’s (J&J) first-quarter net profit exceeded market consensus. J&J’s first-quarter revenue was $21.38 billion, a 2.3% increase from the previous year, slightly lower than market expectations. However, earnings per share rose 12% to $2.71, surpassing market forecasts. The pharmaceutical business, including the anticancer drugs Darzalex and Erleada, led revenue growth, while the medical […]
Tesla Slashes Prices on All Models in China Following U.S. Reductions Electric car company Tesla lowered the sales prices of its three flagship models by $2,000 each in the U.S. market and then dropped the sales prices of all models in China. According to Tesla’s official Chinese website on the 21st, the Model 3 price was reduced from $39,000 to $36,800, a decrease of $2,200. The […]
Spicy Carbonara Noodles That's Making Foodies Go Crazy – Why America is Obsessed Samyang Roundsquare was released on the 19th, and the New York Times featured the American shortage of Samyang Buldak Carbonara Ramen, a signature product of Samyang Food and a favorite of Vice President Kim Jung Soo of Samyang Roundsquare. According to the New York Times, the product is difficult to purchase despite being sold at […]
PepsiCo Faces Allegations of Unfair Labor Practices from Teamsters Unions Teamsters unions in three U.S. states have filed a complaint against PepsiCo. On the 19th (local time), the Teamsters union reported to the National Labor Relations Board that they had accused PepsiCo of unfair labor practices. According to the union, local workers from five Teamsters in Illinois, Indiana, and Iowa accused PepsiCo of unfair labor […]
How China's Millennials Are Driving the Luxury Market Boom China’s luxury market is predicted to become the largest in the world. The shift in consumer trends, primarily among China’s younger population, is the main factor behind this growth. According to a report titled Inland China and Hong Kong Luxury Market released by the global consulting firm PwC China on the 21st, the Chinese luxury […]
SK On Doubles Down on Parental Leave On the 22nd, SK On announced that it will implement a parental leave system that extends the parental leave period up to two years. According to the Act on Equal Employment and Support for Work-Family Reconciliation, employees with children under eight can choose one year of parental leave followed by one year of reduced working […]
Volkswagen's U.S. Plant Makes History: Workers Overwhelmingly Vote to Join UAW 73% of voters in favor of joining the UAWSuccess in the South, where anti-union sentiment is strongMercedes-Benz Alabama factory to vote next month on 13th Workers at Volkswagen’s American factory have decided to join the United Auto Workers (UAW), according to a report by Reuters on the 19th (local time). The workers at Volkswagen’s only […]
Copper Prices Soar as China's Largest Mining Group Suspends Production Production suspended at the COMMUS copper mine in CongoThe possibility of high levels of radiation in cobalt raises concernsCopper prices are at their highest in a year and are expected to face increased upward pressure Zijin Mining Group, China’s top gold-producing company, has halted production at its copper mine in the Democratic Republic of the […]
American Express Beats Expectations with Stellar Earnings in Q1 An American multinational financial services company, American Express (AXP), exceeded consensus with its first-quarter earnings. American Express’ first quarter revenue for 2024 reached $15.8 billion, a 10.6% increase yearly, and net income rose by 34.2% to $2.4 billion, surpassing market expectations. The total payment amount increased by 5.1% to $419.2 billion, and the total number […]
Hyundai's Giant Step Towards Carbon Neutrality Hyundai Motor Group Hyundai Motor Group has signed a contract to purchase 147 MW of solar power to operate its electric vehicle (EV) factory, currently under construction in Georgia, USA, using renewable energy. The automotive giant recently announced that it has signed a long-term power purchase agreement (PPA) for 15 years (2025-2040) with a new […]
Tesla's Accelerator Pedal Issue: Recalls Nearly 4,000 Cybertrucks Tesla has initiated a recall for its Cybertruck. On the 19th (local time), Tesla announced that it had recalled 3,878 Cybertrucks to rework and replace the accelerator pedal, which could increase the risk of unintentional acceleration if it becomes detached. According to a recall report submitted to the U.S. National Highway Traffic Safety Administration, Tesla […]
K-Chicken: The New Food Trend Sweeping the U.S. Differentiation in sauce and seasoning attracts locals.Local brands are jumping on the trend of K-chicken menus. K-Chicken has captured the taste buds of Americans. Bonchon Chicken, BBQ, BHC, Pelicana, and Kyochon Chicken have been selected as America’s best Korean-style chicken brands. With the recent global Hallyu craze, the popularity of K-Food is on the rise, […]
Tesla's Dominance Challenged as BYD Takes Lead in China China’s foremost electric vehicle (EV) manufacturer, BYD, has secured the leading position in the domestic auto market share for the first time. According to the China Passenger Car Association (CPCA), on the 21st, BYD sold 263,000 units last month in China. This is a 35.4% increase compared to the sales volume of 192,289 units in […]
AI Chip Development Boosts Samsung Chairman to Top of Forbes' Rich List Lee Jae Yong, Chairman of Samsung Electronics, has topped Forbes’ list of South Korea’s 50 Richest People for the first time. Last year’s leader, Chairman Kim Byung Ju of MBK Partners, slipped to second place. Forbes reported on the 17th (local time) that Chairman Lee had taken the top spot in the 2024 Korea’s 50 […]
Google's Layoff Spree Continues Amid Economic Uncertainty Google recently initiated additional layoffs for its cost-cutting measures and plans to transition laid-off employees to overseas hubs. According to a Google spokesperson on the 17th (local time), the layoffs are not company-wide, and affected employees can apply for internal roles. However, the spokesperson did not specify the number of affected employees or the relevant […]
Drive Like a Pro: Kia Launches NBA-Themed Display in U.S. Kia has launched a service in the North American market that allows users to customize the design of vehicle clusters and infotainment displays to suit their preferences. Ahead of the NBA playoffs, Kia announced on Friday that it has released 30 NBA team-specific display themes in North America. These display themes are part of a […]
Tick Tock: Swiss Watch Exports Hit Four-Year Low Amid Chinese Demand Slowdown Swiss watch exports have significantly declined since 2020 as Chinese buyers’ demand for luxury watches slows. The world’s leading luxury company, LVMH, also feels the impact of Chinese consumers tightening their spending. On the 18th (local time), Bloomberg reported that the Swiss Watch Industry Federation’s exports in March fell by 16% compared to last year, […]
Revolutionizing EV Industry: Volvo and CATL's Battery Recycling Plan Volvo partnered with China’s CATL to replace old electric car batteries with new ones. The goal is to further reduce electric vehicles’ carbon footprint by recycling critical battery materials. Last month, Volvo discontinued the production of diesel cars to reduce their carbon footprint. As electric car sales continue to increase, many batteries will eventually be […]
Hyundai's Latest Decision Sparks Controversy in South Korea Hyundai Plans to Import ‘Sonata Taxi’ Produced in China Recently, news broke that Hyundai could import the eighth-generation Sonata taxi produced in China. At the time, the Hyundai union claimed a collective agreement violation and opposed the move. Until now, the seventh-generation Sonata taxi has been produced in the Chungnam Asan factory, but due to […]
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