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Elon Musk's Tesla Faces Setbacks: Stock Plummets Amid Factory Sabotage Tesla’s stock price has taken a severe hit, with its market capitalization evaporating by over $76 billion in just two days. This is mainly due to a series of setbacks in China and Germany, coupled with a global slowdown in the growth of the electric vehicle market. On May 5 (local time), Tesla’s stock closed […] -
Investors Eye South Korea's Booming Semiconductor and Automotive Sectors Foreign investors, who have profited from the rally in advanced technology centered around artificial intelligence (AI) in the US and Japanese stock markets, are now investing in the Korean stock market. This is because it has an ecosystem of global semiconductor, automotive companies, equipment, and components with a strong AI backward effect. Coincidentally, Asian funds […] -
Kim Jong Un Responds to US-South Korea Freedom Shield Drills (Photo=Rodong Sinmun/News1) According to Rodong Sinmun on the 7th of the month, North Korean Secretary Kim Jong Un inspected a major operations training base in the western district. The newspaper reported, “Secretary Kim Jong Un visited the People’s Army’s fundamental operations training base in the western district on the 6th of the month, toured the training facilities, […] -
AI Job Boom: IT Sector Sees Surge Despite Overall Hiring Downturn As artificial intelligence (AI) technology gains popularity, the information technology (IT) industry is seeing an increase in AI-related jobs, leading to a polarization phenomenon where other job sectors are shrinking, reported The Wall Street Journal (WSJ). According to a WSJ report on February 5th, a study from the University of Maryland showed that in January […] -
China's Call for 'National Team' to Lead Self-Reliant AI Tech Push In China, there is a call for a national effort to achieve technological independence in line with the growth of the artificial intelligence (AI) industry. With the annual Lianghui (Chinese People’s Political Consultative Conference and National People’s Congress) approaching, discussions on fostering the AI industry are expected to intensify amidst concerns that AI technology development […] -
Apple's China Struggle: Huawei's Success Signals Shift in Consumer Preference Huawei Smartphones, Priced $200 More Than iPhones, See Sales Surge Despite unprecedented discounts, Apple iPhone sales in China have plummeted due to the “Guochao” trend, which signifies the rise of patriotic consumption. According to market research firm Counterpoint, quoted by US CNN and Reuters on the 5th, iPhone sales in China have decreased by 24% […] -
North Korean Common Sense: Personality's Impact on Health Explored “People with bad personalities should consciously participate in physical activities and recreational games to develop a lively personality.” The photo is a scene from North Korea’s 2024 Central Organization Sports Festival. [Photo-Labor Newspaper Compilation] What effect does personality have on health? The North Korean Cabinet newspaper Minju Choson asked this question in the Common Sense […] -
South Korea and India Forge Stronger Ties: Foreign Ministers Meet After Six-Year Hiatus Foreign Minister Cho Tae Yul is having a commemorative photograph with Indian Foreign Minister Subrahmanyam Jaishankar before the meeting at the Ministry of Foreign Affairs in Jongno-gu, Seoul on the 6th./Yonhap News The South Korean and Indian Foreign Ministers met in Seoul for the first time in six years, emphasizing the importance of bilateral cooperation. According to the […] -
China's Political Shift: Xi Jinping's Power Consolidation Leaves Premier in Shadows The long-term seizure of power by President Xi is expectedLi Qiang, the second in the party-government power hierarchy, has almost no presenceThe prime minister’s press conference on the closing ceremony is canceledState Council-related law is being revised, and the status has even lowered Xi Jinping, General Secretary of the Chinese Communist Party and President of […] -
Philippines Summons Chinese Diplomats After Sea Collision The Philippine government summoned the Chinese diplomats to lodge an official protest concerning the collision between the Chinese and their coast guard vessels in the disputed South China Sea on the 5th. The coast guard vessels of China and the Philippines are in a territorial dispute over the South China Sea. The size of each […] -
Former NIS Director Calls for Impeachment: Urges Action Even for President Yoon Former National Intelligence Service (NIS) Director Park Jie Won stated, “Now, even for the sake of President Yoon Suk Yeol, an impeachment motion should be submitted and indicted, and even a work suspension is needed during the trial period.” On the 6th, former Director Park posted on his social media, “So far, I have opposed […] -
Surprising Reason You Should Hang a Wet Towel at Your Hotel Hanging a Wet Towel on the Door Handle Can Be BeneficialImmediate Response Possible in Case of EmergencyRegulating Room Humidity Can Improve Sleep Quality A recent disclosure suggests that hanging a wet towel on the door handle is advisable when staying in a hotel. On the 4th of this month (local time), the online media outlet […] -
Goldman Sachs Warns of Continued Downtrend in Cobalt, Lithium, and Nickel Prices Global investment bank Goldman Sachs has warned about the further decline in battery metal prices. Battery mineral mining companies have begun to regulate production, but the downward trend continues. On the 5th, Goldman Sachs stated in an investment note, “Although the prices of nickel, lithium, and cobalt have fallen by 60%, 80%, and 65% respectively […] -
How 'Blackout Bombs' Could Change Modern Warfare Forever The 'blackout bomb', which is being developed by the Ministry of National Defense as one of South Korea's new weapons, is a carbon fiber bomb that can disable enemy power transmission networks in case of emergency. The weapon is used to paralyze the power grid, cutting off power supplies essential to enemy operations, and is classified as a non-lethal technology... -
Japan's Mitsubishi Corp. Ventures into North American Lithium Mines, Reducing China Dependency According to a report by Nikkei Newspaper on the 5th, Japan’s Mitsubishi Corporation is set to develop lithium mines in North America in a joint venture with a Canadian mining company. Mitsubishi Corporation will invest in a joint venture established by Frontier Lithium, a Canadian company that owns the mining rights to North American lithium […] -
Apple and AMD News Sends Tech Stocks Tumbling, Nasdaq Falls Over 2% On March 5th (Eastern Standard Time), the three major indices of the New York Stock Exchange fell for the second consecutive day. According to Yonhap News, the Dow Jones Industrial Average ended at 38,585.19, down 404.64 points (1.04%) on the New York Stock Exchange (NYSE). The Standard & Poor’s (S&P) 500 index closed at 5078.65, […] -
Disney Announces Cancellation of Several Projects Amid Studio Reorganization Walt Disney Company, Bob Iger The Walt Disney Company announced that many planned projects had been canceled during the studio restructuring process. Walt Disney Company (from now on referred to as Disney) CEO Bob Iger stated on the 5th (local time) at an investor conference Q&A session in San Francisco, USA, “We have already discarded […] -
Tesla's Gigafactory in Berlin Halts Production After Suspected Arson Attack On the 5th, Tesla’s Gigafactory in Berlin, Germany, halted production due to a fire suspected of an arson attack by a group at a nearby substation facility. According to Reuters and other foreign media reports, a fire broke out at the Steinfurt substation near the Tesla factory. The fire did not spread inside the Tesla […] -
Saudi Arabia Joins Baseball United League, Launching Professional Baseball Teams (MHN Sports Reporter Park Yeon-jun) Professional baseball will be played in Saudi Arabia and the Middle East and Asia, which is said to be a big player in the sports world.According to Reuters on the 6th (Korean time), a league called 'Baseball United' will be played in the Middle East and South Asia, including Saudi Arabia. According to the report, the Saudi Baseball and Softball Federation (SBSF) has agreed to create three professional baseball teams in Saudi Arabia.Baseball United will create a professional baseball team in Riyadh, Jeddah, and Damman, three major Saudi cities, and create a professional baseball league in Saudi Arabia... -
China's Defense Budget Exceeds $250 Billion Amidst Heightened US Competition It was set at approximately $257 billion, a 7.2% increase from last yearThe peaceful reunification with Taiwan is omittedAs was the case last year, the Korean Peninsula is not mentioned On March 5th, Chinese People’s Liberation Army soldiers marched outside the Great Hall of the People in Beijing after the opening ceremony of the second […]
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