Saudi Aramco's Top Boss Backs China in Energy Dumping Controversy The world’s largest oil producer has stepped up to defend China against Western criticism that it dumps solar panels and electric vehicles at rock-bottom prices. According to the Financial Times (FT), Amin Nasser, CEO of Aramco, said at the World Energy Congress (WEC) held in Rotterdam, Netherlands, on the 22nd (local time), “China has greatly […]
North America Embraces Korean Rice: CJ's Bibigo Sticky Rice Sales Soar Last Year’s Cooked Sticky White Rice Sales Up 20.6% to 160 billion CJ CheilJedang’s Cooked Sticky White Rice is gaining significant popularity in North America. CJ CheilJedang announced on the 23rd that the sales of Cooked Sticky White Rice exported to North America last year increased by 20.6% compared to the same period of the […]
Kia Challenges Ford and Toyota with New Tasman Pickup Truck Kia’s first-ever pickup truck, the Tasman, has been spotted in North America following sightings in Australia. It appears to be undergoing final performance checks before its global debut next year. According to overseas test car reviewer KindelAuto, on the 23rd, Kia recently conducted a road test of the Tasman in North America. The test was […]
South Korea Faces Import Uncertainty Amid US-UK Sanctions on Russia South Korea had aluminum imports from Russia, reaching 39,100 tons in March.Marking a 45% increase in MoM, the highest level since June 2012.Anticipated to face the impact of sanctions by the US and UK,Companies such as Namsun Aluminum are in discussions. South Korea’s imports of Russian aluminum have hit a 12-year high. However, recent sanctions […]
Yen's Historic Plunge: Lowest Value Against Dollar in 34 Years The yen’s value fell to a 34-year low as the dollar-yen exchange rate surged to the threshold of 155 yen during trading. According to Kyodo News, on the 23rd, the dollar-yen exchange rate in the New York foreign exchange market the day before (local time) rose to 154.85 yen per dollar during trading. Despite joint […]
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 […]
Saudi Aramco's Top Boss Backs China in Energy Dumping Controversy The world’s largest oil producer has stepped up to defend China against Western criticism that it dumps solar panels and electric vehicles at rock-bottom prices. According to the Financial Times (FT), Amin Nasser, CEO of Aramco, said at the World Energy Congress (WEC) held in Rotterdam, Netherlands, on the 22nd (local time), “China has greatly […]
North America Embraces Korean Rice: CJ's Bibigo Sticky Rice Sales Soar Last Year’s Cooked Sticky White Rice Sales Up 20.6% to 160 billion CJ CheilJedang’s Cooked Sticky White Rice is gaining significant popularity in North America. CJ CheilJedang announced on the 23rd that the sales of Cooked Sticky White Rice exported to North America last year increased by 20.6% compared to the same period of the […]
Kia Challenges Ford and Toyota with New Tasman Pickup Truck Kia’s first-ever pickup truck, the Tasman, has been spotted in North America following sightings in Australia. It appears to be undergoing final performance checks before its global debut next year. According to overseas test car reviewer KindelAuto, on the 23rd, Kia recently conducted a road test of the Tasman in North America. The test was […]
South Korea Faces Import Uncertainty Amid US-UK Sanctions on Russia South Korea had aluminum imports from Russia, reaching 39,100 tons in March.Marking a 45% increase in MoM, the highest level since June 2012.Anticipated to face the impact of sanctions by the US and UK,Companies such as Namsun Aluminum are in discussions. South Korea’s imports of Russian aluminum have hit a 12-year high. However, recent sanctions […]
Yen's Historic Plunge: Lowest Value Against Dollar in 34 Years The yen’s value fell to a 34-year low as the dollar-yen exchange rate surged to the threshold of 155 yen during trading. According to Kyodo News, on the 23rd, the dollar-yen exchange rate in the New York foreign exchange market the day before (local time) rose to 154.85 yen per dollar during trading. Despite joint […]
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 […]
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