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 […]
Elon Musk's China Gamble: Tesla's FSD Launch Sparks Stock Surge and Skepticism The automotive industry and investors are focusing on news that U.S. electric car manufacturer Tesla has secured a basis for launching its Full Self-Driving (FSD) software in China. On April 29th, Tesla’s stock price closed at $194.05 per share, a 15.31% increase from the previous trading day. This is the most significant increase since March […]
Microsoft's Next Move: Data Center Launches in Thailand Microsoft is set to establish a data center in Thailand. On the first of the month, Microsoft announced it would open its first regional data center in Thailand to enhance the availability of its cloud services. This news came just a day after Satya Nadella, the CEO of Microsoft Corporation, announced a $1.7 billion investment […]
Mexico Rises as the New Manufacturing Powerhouse As the Biden administration accelerates the decoupling from the Chinese supply chain, Mexico is rapidly emerging as a new global manufacturing hub to replace China. The manufacturing boom is happening in major cities in Mexico as foreign investments targeting the U.S. market continue, and the value of the Mexican peso is also on the rise. […]
Meta Reveals Median Pay of $379,000, With Half of Employees Earning More It has been revealed that half of the employees at Meta Platforms, Inc., the parent company of Facebook, earn salaries exceeding $379,000. Mark Zuckerberg, CEO of Meta Platforms, Inc. / Reuters-Yonhap News According to Business Insider, on the 26th (local time), Meta reported in documents recently submitted to the U.S. Securities and Exchange Commission (SEC) […]
China Welcomes Korean Companies' Investment Expansion: SK Group's Commitment According to Xinhua News Agency, a Chinese state-run media, Chey Tae-won, chairman of SK Group, met with He Lifeng, Chinese Vice Premier He Lifeng, on the 29th and promised to continue investing in China. Chey, who also serves as chairman of the Korean Chamber of Commerce and Industry, met with He, who was considered to […]
2024 Homeless World Cup to Take Place in South Korea The comprehensive beverage company MyBeer has signed a business agreement with the non-profit organization Big Issue Korea to support the Seoul 2024 Homeless World Cup. The Homeless World Cup is a global festival that unites individuals from around the world who are vulnerable to homelessness. It is an international sports event to foster social innovation, […]
Elon Musk's Secret Trip to Beijing: A Game Changer for Tesla? CEO Elon Musk has secretly headed to Beijing. According to Reuters, on the 28th, Elon Musk plans to meet with high-ranking officials in Beijing, China, to discuss the Full Self-Driving (FSD) software launch in the country. He also aims to gain approval to transfer data collected in China to train algorithms necessary for Tesla’s autonomous […]
Tesla Breaks Barrier in China: FSD Software Likely to Enter Market After Inspection Approval Model 3 and Model Y Produced at Shanghai Gigafactory Pass the InspectionTesla, the Only Foreign Company to Pass For the first time, Chinese authorities have granted Tesla a compliance certificate for data security, which is the first for a foreign company. This green light paves the way for the introduction of Tesla’s Full Self-Driving (FSD) […]
Delta Plane Drops Emergency Slide, Returns to JFK Delta Air Lines Boeing 767 passenger plane made a U-turn in mid-flight when an emergency slide fell off. According to the AP on the 27th (local time), shortly after taking off from New York on Friday, Delta Air Lines passenger plane pilots felt vibrations when an emergency slide fell off, and they turned back to […]
Jaguar Land Rover Tests Range Rover EV in Arctic Chills and Desert Heat Jaguar Land Rover (JLR) Korea announced that it is conducting driving tests of the prototype of the Range Rover Electric in the world’s harshest locations. Range Rover Electric, the brand’s first pure electric vehicle, is attracting attention as a model that will lead the way in powerful electric driving performance and a sophisticated and luxurious […]
Hyundai's Big Bet: Chairman Chung Puts India in Focus for Future Growth Hyundai Motor Group Chairman Chung Eui Sun visited India, which has emerged as a global economic power, reviewed the local future growth strategy, and communicated directly with employees. Chung revisited India in August 2023 because India’s strategic importance is increasing. India, the world’s largest population, became the world’s 5th largest economy nation in 2023. It […]
EU vs. Russia: Kremlin Stands Firm Against Sanctions on LNG Trade Russia has shown the will to overcome the sanctions imposed by the European Union (EU). The Kremlin in Russia announced on the 27th that it would find a way to overcome the illegal sanctions imposed by the EU on the liquefied natural gas (LNG) business. An EU official announced last Thursday that the EU Executive […]
Mercedes-Benz Cleared of Diesel Scandal by DOJ Mercedes-Benz Group AG has successfully shaken off allegations of diesel emission manipulation. The U.S. Department of Justice (DOJ) announced on the 27th that it had concluded its investigation into the Mercedes-Benz diesel emission scandal and found no further allegations. Renata Jungo Brüngger, a member of the board responsible for integrity, governance, and sustainability at Mercedes-Benz, […]
Maersk's Strategic $600 Million Bet on Nigeria's Ports Denmark’s shipping company, A.P. Moller-Maersk Group, plans to invest in Nigeria. On the 28th, Maersk announced that it would invest $600 million in Nigeria’s port infrastructure. The investment decision was made when Maersk’s Chairman, Robert Maersk Uggla, met with Nigeria’s President Bola Tinubu at the World Economic Forum conference held in Saudi Arabia. Uggla stated, […]
US Government Backs Micron with Massive $6.1B for Chip Manufacturing Micron Technology, a memory chip manufacturer, is set to receive subsidies from the U.S. government. On the 25th (local time), the U.S. government announced that it plans to provide $6.1 billion in subsidies and up to $7.5 billion in loans to aid the construction of Micron Technology’s new U.S. factory as part of a significant federal […]
Kakao and Ministry of Environment's New Plan to Reward Carbon-Neutral Activities The Ministry of Environment and Kakao will cooperate to spread the culture of practicing carbon neutrality. The Ministry of Environment will sign a business agreement with Kakao Corporation at Kakao’s Pangyo Hideout in Bundang-gu, Seongnam-si, on the 26th. Through this business agreement, the Ministry of Environment and Kakao plan to cooperate on △Promoting a national […]
Tick-Tock TikTok: U.S. Enforces a Ban on the Social Platform Enforcing a ban on TikTok, the Chinese-based video-sharing platform in the United States, will likely require several years, and a complete prohibition appears highly unlikely. This is due to TikTok’s indication of a legal challenge, arguing that such legislation infringes upon freedom of expression and is unconstitutional. Resolving this legal dispute could take years before […]
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 […]
Elon Musk's China Gamble: Tesla's FSD Launch Sparks Stock Surge and Skepticism The automotive industry and investors are focusing on news that U.S. electric car manufacturer Tesla has secured a basis for launching its Full Self-Driving (FSD) software in China. On April 29th, Tesla’s stock price closed at $194.05 per share, a 15.31% increase from the previous trading day. This is the most significant increase since March […]
Microsoft's Next Move: Data Center Launches in Thailand Microsoft is set to establish a data center in Thailand. On the first of the month, Microsoft announced it would open its first regional data center in Thailand to enhance the availability of its cloud services. This news came just a day after Satya Nadella, the CEO of Microsoft Corporation, announced a $1.7 billion investment […]
Mexico Rises as the New Manufacturing Powerhouse As the Biden administration accelerates the decoupling from the Chinese supply chain, Mexico is rapidly emerging as a new global manufacturing hub to replace China. The manufacturing boom is happening in major cities in Mexico as foreign investments targeting the U.S. market continue, and the value of the Mexican peso is also on the rise. […]
Meta Reveals Median Pay of $379,000, With Half of Employees Earning More It has been revealed that half of the employees at Meta Platforms, Inc., the parent company of Facebook, earn salaries exceeding $379,000. Mark Zuckerberg, CEO of Meta Platforms, Inc. / Reuters-Yonhap News According to Business Insider, on the 26th (local time), Meta reported in documents recently submitted to the U.S. Securities and Exchange Commission (SEC) […]
China Welcomes Korean Companies' Investment Expansion: SK Group's Commitment According to Xinhua News Agency, a Chinese state-run media, Chey Tae-won, chairman of SK Group, met with He Lifeng, Chinese Vice Premier He Lifeng, on the 29th and promised to continue investing in China. Chey, who also serves as chairman of the Korean Chamber of Commerce and Industry, met with He, who was considered to […]
2024 Homeless World Cup to Take Place in South Korea The comprehensive beverage company MyBeer has signed a business agreement with the non-profit organization Big Issue Korea to support the Seoul 2024 Homeless World Cup. The Homeless World Cup is a global festival that unites individuals from around the world who are vulnerable to homelessness. It is an international sports event to foster social innovation, […]
Elon Musk's Secret Trip to Beijing: A Game Changer for Tesla? CEO Elon Musk has secretly headed to Beijing. According to Reuters, on the 28th, Elon Musk plans to meet with high-ranking officials in Beijing, China, to discuss the Full Self-Driving (FSD) software launch in the country. He also aims to gain approval to transfer data collected in China to train algorithms necessary for Tesla’s autonomous […]
Tesla Breaks Barrier in China: FSD Software Likely to Enter Market After Inspection Approval Model 3 and Model Y Produced at Shanghai Gigafactory Pass the InspectionTesla, the Only Foreign Company to Pass For the first time, Chinese authorities have granted Tesla a compliance certificate for data security, which is the first for a foreign company. This green light paves the way for the introduction of Tesla’s Full Self-Driving (FSD) […]
Delta Plane Drops Emergency Slide, Returns to JFK Delta Air Lines Boeing 767 passenger plane made a U-turn in mid-flight when an emergency slide fell off. According to the AP on the 27th (local time), shortly after taking off from New York on Friday, Delta Air Lines passenger plane pilots felt vibrations when an emergency slide fell off, and they turned back to […]
Jaguar Land Rover Tests Range Rover EV in Arctic Chills and Desert Heat Jaguar Land Rover (JLR) Korea announced that it is conducting driving tests of the prototype of the Range Rover Electric in the world’s harshest locations. Range Rover Electric, the brand’s first pure electric vehicle, is attracting attention as a model that will lead the way in powerful electric driving performance and a sophisticated and luxurious […]
Hyundai's Big Bet: Chairman Chung Puts India in Focus for Future Growth Hyundai Motor Group Chairman Chung Eui Sun visited India, which has emerged as a global economic power, reviewed the local future growth strategy, and communicated directly with employees. Chung revisited India in August 2023 because India’s strategic importance is increasing. India, the world’s largest population, became the world’s 5th largest economy nation in 2023. It […]
EU vs. Russia: Kremlin Stands Firm Against Sanctions on LNG Trade Russia has shown the will to overcome the sanctions imposed by the European Union (EU). The Kremlin in Russia announced on the 27th that it would find a way to overcome the illegal sanctions imposed by the EU on the liquefied natural gas (LNG) business. An EU official announced last Thursday that the EU Executive […]
Mercedes-Benz Cleared of Diesel Scandal by DOJ Mercedes-Benz Group AG has successfully shaken off allegations of diesel emission manipulation. The U.S. Department of Justice (DOJ) announced on the 27th that it had concluded its investigation into the Mercedes-Benz diesel emission scandal and found no further allegations. Renata Jungo Brüngger, a member of the board responsible for integrity, governance, and sustainability at Mercedes-Benz, […]
Maersk's Strategic $600 Million Bet on Nigeria's Ports Denmark’s shipping company, A.P. Moller-Maersk Group, plans to invest in Nigeria. On the 28th, Maersk announced that it would invest $600 million in Nigeria’s port infrastructure. The investment decision was made when Maersk’s Chairman, Robert Maersk Uggla, met with Nigeria’s President Bola Tinubu at the World Economic Forum conference held in Saudi Arabia. Uggla stated, […]
US Government Backs Micron with Massive $6.1B for Chip Manufacturing Micron Technology, a memory chip manufacturer, is set to receive subsidies from the U.S. government. On the 25th (local time), the U.S. government announced that it plans to provide $6.1 billion in subsidies and up to $7.5 billion in loans to aid the construction of Micron Technology’s new U.S. factory as part of a significant federal […]
Kakao and Ministry of Environment's New Plan to Reward Carbon-Neutral Activities The Ministry of Environment and Kakao will cooperate to spread the culture of practicing carbon neutrality. The Ministry of Environment will sign a business agreement with Kakao Corporation at Kakao’s Pangyo Hideout in Bundang-gu, Seongnam-si, on the 26th. Through this business agreement, the Ministry of Environment and Kakao plan to cooperate on △Promoting a national […]
Tick-Tock TikTok: U.S. Enforces a Ban on the Social Platform Enforcing a ban on TikTok, the Chinese-based video-sharing platform in the United States, will likely require several years, and a complete prohibition appears highly unlikely. This is due to TikTok’s indication of a legal challenge, arguing that such legislation infringes upon freedom of expression and is unconstitutional. Resolving this legal dispute could take years before […]
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