BUSINESS Archives - Page 50 of 68

2024 Homeless World Cup to Take Place in South Korea 2024.04.30 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? 2024.04.30 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 2024.04.30 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 2024.04.29 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 2024.04.29 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 2024.04.29 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 2024.04.29 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 2024.04.29 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 2024.04.29 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 2024.04.27 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 2024.04.26 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 2024.04.26 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 […]

EU's Surprise for Xi Jinping: Raid on Chinese Companies 2024.04.26 A series of investigations into Chinese companies in Europe may deepen the conflict over subsidy disputes.Foreign companies are required to report subsidies received within three years for EU public tenders.The nine-month probe focuses solely on “Chinese,”indicating a potential escalation of the issue on the future agenda. According to Bloomberg and the South China Morning Post […]

Hyundai and Kia Lead the Charge: Four Wins in U.S. Eco-Friendly Car Awards 2024.04.25 Hyundai wins three awards, Kia one awardRecognized for their brand’s eco-friendly vehicle technology Hyundai Motor and Kia have been recognized for their eco-friendly vehicle technology in the United States. It won four of the 10 categories divided by vehicle model type. On the 22nd (local time), the American newsweekly U.S. News & World Report announced […]

China's Tianqi Lithium Suffers as Lithium Prices Plummet 2024.04.25 Tianqi Lithium, known as the King of Lithium in China, is expected to record a net loss of $682 million in the first quarter of this year. As a result, Tianqi Lithium’s stock price plummeted to its daily limit. According to Chinese media outlets such as Securities Times on the 24th, Tianqi Lithium announced its […]

Hyundai's Game-Changer: India as a Global Export Hub 2024.04.25 Chung Eui Sun, Chairman of Hyundai Motor Group, highlighted India’s strategic importance, stating, “We will continue to develop India as a global export hub as we expand our business into Asia, the Middle East, Africa, and other regions.” He also emphasized, “The Indian region has been pivotal in propelling the growth of Hyundai Motor Group, […]

Mercedes-Benz's G580 Changes the EV Game 2024.04.25 In China, Mercedes-Benz has unveiled its first electric model, the G-Class, the offroader Icon. On the 24th, Benz revealed the G-Class electric vehicle, “The All New Mercedes-Benz G580 with EQ Technology” (from now on referred to as the G580), at the World Premiere event in the Art District 798 in downtown Beijing. The G580 is […]

Saudi Arabia's NEOM City Project: A Visionary Dream or Financial Nightmare? 2024.04.25 Saudi Arabia’s ambitious future city project, Neom City, appears to be struggling with funding. The Daily Mail reported on the 23rd (local time) that Tariq Khattab, the Executive Director of Neom, recently held roadshows in Beijing, Shanghai, and Hong Kong, meeting potential investors. However, no significant contracts were announced during the Chinese roadshow. The Daily […]

Apple's Worst Performance Since Pandemic: Q1 iPhone Sales Drop in China 2024.04.25 In the premium phone market, Huawei has gained market share over Apple’s iPhone According to a report by Bloomberg on the 23rd (local time), citing data from smartphone market research firm Counterpoint Research, iPhone sales in China plummeted by 19% in the first quarter of this year compared to the same period last year. This […]

Chile Strikes Back: Imposes Anti-Dumping Duties on Chinese Steel 2024.04.24 The Chilean government has decided to impose anti-dumping duties of up to 33.5% on two types of Chinese steel products that the domestic market with the prices. This comes amid a global trend of countering Chinese products, as evidenced by the U.S. government’s announcement on the 17th to raise tariffs on Chinese steel and aluminum […]

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