Starbucks' 'Third Eye': The Future of Retail Management is Here Starbucks plans to expand the introduction of The Third Eye, an AI-based store management system that leverages AI technology to increase work efficiency and create future-oriented stores. As Starbucks celebrates its 25th anniversary in Korea this year, the company is determined to accelerate its digital innovation. According to industry sources, on the 6th, Starbucks recently […]
Spirit Airlines' Second-Quarter Outlook Falls Below Expectations [Alpha Economy: (Chicago) Special Correspondent Paul Lee] Spirit Airlines' second-quarter revenue ou ...
Revolutionizing AI: TSMC Starts Production of Chips for Tesla's Dojo TSMC has begun producing semiconductors for Tesla’s supercomputer Dojo. On the 5th (local time), the Liberty Times cited sources that TSMC announced this production commencement at a recent technology conference in California, USA. TSMC has begun manufacturing semiconductors for Tesla’s supercomputer Dojo. Dojo is an artificial intelligence supercomputer that trains autonomous driving software using data […]
China's Exports to the U.S. Through Vietnam and Mexico Escalates Trade War As the U.S.-China dispute intensifies, China’s detoured exports to the U.S. through Vietnam and Mexico have surged. With the U.S. presidential election approaching, sanctions against these detoured exports are likely, prompting calls for a thorough response from the government and businesses operating in these regions. According to a report titled “Analysis of China’s U.S. Detoured Export […]
Crypto Companies Flock to Hong Kong as U.S. Tightens Oversight [TheGuru: Jung Deung Yong Reporter] As U.S. financial authorities strengthen their oversight of cryptocurrencies, Hong Kong is emerging as a haven for cryptocurrency companies. To reclaim its status as a financial hub, Hong Kong is attracting new entrepreneurs, technologists, and investors with its friendly cryptocurrency regulations. According to industry insiders on the 7th, Hong Kong […]
Apple vs Huawei: Showdown for Tablet Dominance in China Apple and Huawei are simultaneously unveiling new tablets. All eyes are on whether Apple can overcome Huawei and rebound in the Chinese market share since the company is facing difficulties in China due to the recent surge in patriotic consumption. According to industry sources, on the 2nd, Apple is hosting the Let Loose Event on […]
American TikTok Sellers Reach Half a Million Despite Potential Ban While the U.S. political community passed a bill to force the sale of TikTok, a Chinese video platform, it was announced that the number of American sellers registered on TikTok’s e-commerce platform exceeded 500,000. As the bill’s implementation approaches, it is analyzed that TikTok is expanding its influence in the U.S., especially among the younger […]
Driving the Future: Volkswagen's Bold Move into China's Electric Car Market Amid the rapid growth of electric vehicles (EV) in China, global automakers are investing in Chinese companies receiving technology in reverse. Overseas automakers were forced to establish a joint venture (JV) to enter China and were concerned about technology theft, so they sought help from local firms to tap into the world’s largest EV market. […]
Navigating the Regulatory Storm: Chinese Companies Opt for Hong Kong IPOs Many companies choose to go public in Hong Kong as a solution to the inactive Chinese stock market, as authorities tighten regulations and raise the Initial Public Offering (IPO) threshold. Expectations are rising that the stagnant Hong Kong IPO market will recover, but experts are cautious, fearing the flock of less competitive companies to the […]
Qualcomm's Bright Outlook: Smartphone Market on the Rise Qualcomm, the world’s largest smartphone processor manufacturer, has announced that the smartphone market, which had been sluggish for a while, is recovering due to Chinese demand. It’s observed that the demand for premium phones equipped with Artificial Intelligence (AI) features is increasing among Chinese consumers. According to Reuters on the 1st of May (local time), […]
Hyundai Dominates IIHS Safety Ratings with Most Top-Rated Cars Hyundai Motor Group has produced the safest cars in the collision evaluation by the Insurance Institute for Highway Safety (IIHS) in the United States. Thanks to the addition of Hyundai’s popular midsize sports utility vehicle (SUV) model, Santa Fe, and midsize sedan model, Sonata, the list of officially recognized safe models has increased to 18. […]
Toyota's Hybrid Dominance Widens Gap with Hyundai in US Sales Last month, Japanese car brands, mainly Toyota, experienced strong sales in the U.S. market, while Korean brands like Hyundai and Kia struggled. Toyota’s more electrified products widened the gap with Hyundai as local consumer preference for hybrid cars surged. Toyota recorded double-digit growth for the sixth consecutive month, while Hyundai’s previously steep growth curve showed […]
U.S. Tech Firm Aids in KF-21 Fighter Jet Production Korea Aerospace Industries (KAI) is set to receive an aircraft structural diagnostics system from Acellent Technologies Inc., a U.S. company. The aim is to enhance the Korean fighter jet KF-21’s quality competitiveness and accelerate its mass production by the end of the year. According to Acellent, on the 2nd, the company signed a contract with […]
Cutting Off Russia's War Machine: U.S. Bans Uranium Imports The United States continues to disrupt Russia, which is at war with Ukraine. On the 1st, the U.S. Senate announced that it had approved a bill banning the import of Russian uranium. The House of Representatives passed the bill last December and unanimously approved by the Senate with no opposition. Uranium is used to supply […]
Amazon's AI Investment Pays Off with Record Profits Amazon’s first-quarter results exceeded market expectations. Amazon’s first quarter revenues in 2024 amounted to $143.3 billion, a 12.5% increase from the previous year, surpassing the consensus by 0.5%. Operating profit soared 220.6% to $15.3 billion, beating the consensus by 35.9%. Earnings Per Share (EPS) exceeded expectations by 16.4% at $0.98. The rise in profitability of […]
Tesla's Decision to Shut Down Supercharger Department Sends Shockwaves On the 24th of last month, Tesla vehicles were sighted charging at a Supercharger station in Fremont, California. Fremont (USA)/AFP-Yonhap News Tesla faces a wave of reductions, particularly in the battery charging sector, a core part of its electric vehicle business. This move has left the industry in a state of confusion. According to the […]
Apple vs Google: Battle for AI Supremacy Heats Up Apple, having a reputation for being late to step into the Artificial Intelligence (AI) industry, has been revealed to be making efforts to strengthen its AI capabilities by actively recruiting AI talents from Google and establishing a secret research lab in Zurich, Switzerland. On the 30th of last month, the Financial Times (FT) reported that […]
Hyundai and Kia's EV Cars Make History in U.S. Market For the first time in history, Hyundai Motor has achieved record-breaking eco-friendly vehicle sales in the U.S., surpassing 10,000 units in monthly hybrid (HEV) sales. Kia also broke records by selling over 5,000 units of its electric vehicle (EV) models for the first time. According to the industry on the 2nd, Hyundai’s hybrid sales in […]
Federal Reserve Holds Interest Rates Steady Amid Economic Uncertainty The New York stock market showed fluctuating results on May 1st (local time). According to Yonhap News, the Dow Jones Industrial Average closed at 37,903.29 on the New York Stock Exchange (NYSE), up 87.37 points (0.23%) from the previous day. The Standard & Poor’s (S&P) 500 index fell 17.30 points (0.34%) to 5,018.39, while the […]
MicroStrategy Buys More Bitcoin Despite Crypto Turmoil MicroStrategy, the big player in Bitcoin, has recently purchased more despite the turmoil in the cryptocurrency market, reinforcing its bullish outlook on Bitcoin. Michael Saylor, the executive chairman of MicroStrategy, announced on the 30th that the company invested $7.8 million this month alone, purchasing an additional 122 units of Bitcoin. With this purchase, MicroStrategy now […]
Starbucks' 'Third Eye': The Future of Retail Management is Here Starbucks plans to expand the introduction of The Third Eye, an AI-based store management system that leverages AI technology to increase work efficiency and create future-oriented stores. As Starbucks celebrates its 25th anniversary in Korea this year, the company is determined to accelerate its digital innovation. According to industry sources, on the 6th, Starbucks recently […]
Spirit Airlines' Second-Quarter Outlook Falls Below Expectations [Alpha Economy: (Chicago) Special Correspondent Paul Lee] Spirit Airlines' second-quarter revenue ou ...
Revolutionizing AI: TSMC Starts Production of Chips for Tesla's Dojo TSMC has begun producing semiconductors for Tesla’s supercomputer Dojo. On the 5th (local time), the Liberty Times cited sources that TSMC announced this production commencement at a recent technology conference in California, USA. TSMC has begun manufacturing semiconductors for Tesla’s supercomputer Dojo. Dojo is an artificial intelligence supercomputer that trains autonomous driving software using data […]
China's Exports to the U.S. Through Vietnam and Mexico Escalates Trade War As the U.S.-China dispute intensifies, China’s detoured exports to the U.S. through Vietnam and Mexico have surged. With the U.S. presidential election approaching, sanctions against these detoured exports are likely, prompting calls for a thorough response from the government and businesses operating in these regions. According to a report titled “Analysis of China’s U.S. Detoured Export […]
Crypto Companies Flock to Hong Kong as U.S. Tightens Oversight [TheGuru: Jung Deung Yong Reporter] As U.S. financial authorities strengthen their oversight of cryptocurrencies, Hong Kong is emerging as a haven for cryptocurrency companies. To reclaim its status as a financial hub, Hong Kong is attracting new entrepreneurs, technologists, and investors with its friendly cryptocurrency regulations. According to industry insiders on the 7th, Hong Kong […]
Apple vs Huawei: Showdown for Tablet Dominance in China Apple and Huawei are simultaneously unveiling new tablets. All eyes are on whether Apple can overcome Huawei and rebound in the Chinese market share since the company is facing difficulties in China due to the recent surge in patriotic consumption. According to industry sources, on the 2nd, Apple is hosting the Let Loose Event on […]
American TikTok Sellers Reach Half a Million Despite Potential Ban While the U.S. political community passed a bill to force the sale of TikTok, a Chinese video platform, it was announced that the number of American sellers registered on TikTok’s e-commerce platform exceeded 500,000. As the bill’s implementation approaches, it is analyzed that TikTok is expanding its influence in the U.S., especially among the younger […]
Driving the Future: Volkswagen's Bold Move into China's Electric Car Market Amid the rapid growth of electric vehicles (EV) in China, global automakers are investing in Chinese companies receiving technology in reverse. Overseas automakers were forced to establish a joint venture (JV) to enter China and were concerned about technology theft, so they sought help from local firms to tap into the world’s largest EV market. […]
Navigating the Regulatory Storm: Chinese Companies Opt for Hong Kong IPOs Many companies choose to go public in Hong Kong as a solution to the inactive Chinese stock market, as authorities tighten regulations and raise the Initial Public Offering (IPO) threshold. Expectations are rising that the stagnant Hong Kong IPO market will recover, but experts are cautious, fearing the flock of less competitive companies to the […]
Qualcomm's Bright Outlook: Smartphone Market on the Rise Qualcomm, the world’s largest smartphone processor manufacturer, has announced that the smartphone market, which had been sluggish for a while, is recovering due to Chinese demand. It’s observed that the demand for premium phones equipped with Artificial Intelligence (AI) features is increasing among Chinese consumers. According to Reuters on the 1st of May (local time), […]
Hyundai Dominates IIHS Safety Ratings with Most Top-Rated Cars Hyundai Motor Group has produced the safest cars in the collision evaluation by the Insurance Institute for Highway Safety (IIHS) in the United States. Thanks to the addition of Hyundai’s popular midsize sports utility vehicle (SUV) model, Santa Fe, and midsize sedan model, Sonata, the list of officially recognized safe models has increased to 18. […]
Toyota's Hybrid Dominance Widens Gap with Hyundai in US Sales Last month, Japanese car brands, mainly Toyota, experienced strong sales in the U.S. market, while Korean brands like Hyundai and Kia struggled. Toyota’s more electrified products widened the gap with Hyundai as local consumer preference for hybrid cars surged. Toyota recorded double-digit growth for the sixth consecutive month, while Hyundai’s previously steep growth curve showed […]
U.S. Tech Firm Aids in KF-21 Fighter Jet Production Korea Aerospace Industries (KAI) is set to receive an aircraft structural diagnostics system from Acellent Technologies Inc., a U.S. company. The aim is to enhance the Korean fighter jet KF-21’s quality competitiveness and accelerate its mass production by the end of the year. According to Acellent, on the 2nd, the company signed a contract with […]
Cutting Off Russia's War Machine: U.S. Bans Uranium Imports The United States continues to disrupt Russia, which is at war with Ukraine. On the 1st, the U.S. Senate announced that it had approved a bill banning the import of Russian uranium. The House of Representatives passed the bill last December and unanimously approved by the Senate with no opposition. Uranium is used to supply […]
Amazon's AI Investment Pays Off with Record Profits Amazon’s first-quarter results exceeded market expectations. Amazon’s first quarter revenues in 2024 amounted to $143.3 billion, a 12.5% increase from the previous year, surpassing the consensus by 0.5%. Operating profit soared 220.6% to $15.3 billion, beating the consensus by 35.9%. Earnings Per Share (EPS) exceeded expectations by 16.4% at $0.98. The rise in profitability of […]
Tesla's Decision to Shut Down Supercharger Department Sends Shockwaves On the 24th of last month, Tesla vehicles were sighted charging at a Supercharger station in Fremont, California. Fremont (USA)/AFP-Yonhap News Tesla faces a wave of reductions, particularly in the battery charging sector, a core part of its electric vehicle business. This move has left the industry in a state of confusion. According to the […]
Apple vs Google: Battle for AI Supremacy Heats Up Apple, having a reputation for being late to step into the Artificial Intelligence (AI) industry, has been revealed to be making efforts to strengthen its AI capabilities by actively recruiting AI talents from Google and establishing a secret research lab in Zurich, Switzerland. On the 30th of last month, the Financial Times (FT) reported that […]
Hyundai and Kia's EV Cars Make History in U.S. Market For the first time in history, Hyundai Motor has achieved record-breaking eco-friendly vehicle sales in the U.S., surpassing 10,000 units in monthly hybrid (HEV) sales. Kia also broke records by selling over 5,000 units of its electric vehicle (EV) models for the first time. According to the industry on the 2nd, Hyundai’s hybrid sales in […]
Federal Reserve Holds Interest Rates Steady Amid Economic Uncertainty The New York stock market showed fluctuating results on May 1st (local time). According to Yonhap News, the Dow Jones Industrial Average closed at 37,903.29 on the New York Stock Exchange (NYSE), up 87.37 points (0.23%) from the previous day. The Standard & Poor’s (S&P) 500 index fell 17.30 points (0.34%) to 5,018.39, while the […]
MicroStrategy Buys More Bitcoin Despite Crypto Turmoil MicroStrategy, the big player in Bitcoin, has recently purchased more despite the turmoil in the cryptocurrency market, reinforcing its bullish outlook on Bitcoin. Michael Saylor, the executive chairman of MicroStrategy, announced on the 30th that the company invested $7.8 million this month alone, purchasing an additional 122 units of Bitcoin. With this purchase, MicroStrategy now […]
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