U.S. Government Blocks Chip Supply to Huawei: A New Trade War?China warned the U.S. that it would also suffer damage from its government's decision to block Huawei...
Did North Korea Produce Your Favorite Animation? Shocking Discovery Raises EyebrowsEvidence suggests that American and Japanese animations, including popular ones like Amazon Prime’s Invincible, were produced in North Korea. On April 23, 38 North, a North Korean-focused publication under the American nonprofit Stimson Center, reported through a paper by Senior Researcher Martyn Williams that animation work files were found on a cloud storage server using […]
Delivery Anywhere in the World Within an Hour: Will China's Taobao Succeed in Real Rockets?China’s largest e-commerce company, Taobao, has partnered with a private rocket company to conduct rocket research and offer delivery anywhere in the world within an hour. Taobao is part of the same family as AliExpress, and it is rapidly expanding its presence worldwide, including in South Korea. On the 1st, local media, such as China’s […]
Boeing CEO Dave Calhoun to Step Down Amid Safety Crisis and Management ShakeupBoeing’s CEO, Dave Calhoun, is resigning and taking responsibility for several incidents. On the 25th, Boeing announced that, as part of a broad management overhaul due to the safety crisis caused by the in-flight panel crash of the 737 Max model last January, CEO Dave Calhoun will take responsibility and plans to resign by the […]
Nike Beats Expectations in Q3, Plans Strategic Shift Towards New Product LaunchesNike (NKE), the world’s largest sportswear and sneaker retailer, exceeded market expectations with its quarterly performance. Nike’s Q3 fiscal year 2024 (December-February) revenues were $12.43 billion (up 0.3% from the previous year), total sales profit was $5.56 billion (a 3.6% increase), and net income attributable to the controlling shareholder was $1.17 billion (a 5.5% decrease). […]
TPG Plans to Raise $5 Billion Asia Fund with 10% Allocated to Korean MarketTexas Pacific Group (TPG), a global private equity managing firm, is set to establish a massive Asia buyout fund worth approximately $5 billion. They plan to invest around 10% of this fund into the South Korean market. According to Bloomberg and other sources, on the 26th, TPG is planning to close its eighth Asia buyout […]
How Did Nvidia Become an AI Chip Powerhouse?Nvidia, a U.S. semiconductor company, is a primary beneficiary of the AI boom. Since early last year, its stock price has surged by about 450%, and its market capitalization has exceeded $2 trillion. Nvidia has now established itself as the third highest-valued company in the U.S., following Microsoft and Apple. Nvidia’s growth is steep. Its […]
United Airlines Under the Microscope: FAA Ramps Up Investigation into Safety ConcernsThe U.S. Federal Aviation Administration (FAA) is conducting a detailed investigation into the safety of United Airlines. United Airlines announced on the 23rd that it will undergo an enhanced detailed investigation by the Federal Aviation Administration (FAA) following recent accidents. In a memo, Sasha Johnson, United Airlines’ Vice President of Aviation Safety, said, “In the […]
From Virtual Try-Ons to Smart Mirrors: The Latest in US Beauty TechThe winds of technological innovation are blowing strongly in the American beauty industry. According to analysts, the American beauty tech market is expected to grow rapidly, but there are still many challenges to overcome. On the 23rd, the KOTRA Los Angeles Trade Office introduced the current status and prospects of the American beauty tech market […]
Short-Seller Targets SoundHound AI, Calls It 'NVIDIA's Favorite' in Scathing ReportThe U.S. activist short-seller investor Capybara Research has set its sights on SoundHound AI. This voice recognition AI company has attracted attention with its investment from the American semiconductor company NVIDIA. On the 22nd, Capybara stated in a short-selling report on SoundHound, “This company is a failed company that spreads lies and deceit. They don’t […]
Chevron Settles Record $13 Million Fine Over California Oil SpillsThe energy giant Chevron is to pay a fine in California. Chevron has agreed on the 21st (local time) to pay a fine of over $13 million for dozens of oil spill incidents in California in the past, marking the largest fine ever imposed on the company. David Shabazian, Director of the California Department of […]
Mondelez Resilient in Face of Price Hikes: Sales Stay StrongAmerican confectionery company Mondelez (MDLZ) continues to see steady sales despite price increases. Mondelez has implemented price hikes in key regions such as Europe and Latin America. However, the company is believed to be defending against a decrease in sales volume based on brand loyalty. “The company is proactively responding to offset the cost burden […]
Sanctions Showdown: U.S., EU, and China Clash Impacts Western FirmsAs Western countries and China engage in a tit-for-tat sanction battle, escalating tensions, the business environment for American and European Union (EU) companies operating in China is becoming increasingly challenging. Particularly among European companies, there is growing discontent that government regulations are overly focused on, which diminishes the competitiveness of their own businesses. According to […]
From BTS to Taylor Swift: Disney+ Continues its Music Documentary SeriesDisney+ builds on the momentum of its pop culture documentaries by showcasing a major artist in its upcoming release this year. Following features on BTS, NCT 127, and Super Junior, this new project offers a behind-the-scenes glimpse at Taylor Swift’s The Eras Tour concert. Disney+ hosted its 2024 Content Lineup Media Day at the JW […]
Apple's China Struggle: Huawei's Success Signals Shift in Consumer PreferenceHuawei 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% […]
Disney Announces Cancellation of Several Projects Amid Studio ReorganizationWalt 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 […]
BTS Jin Marks Military Service Anniversary with Moments of Joy and Sorrow [TV report by Kang Sung-hoon] BTS's Jin, who is making waves around the world, celebrated his one-year anniversary of enlisting in the army today (13th). He is now six months away from being discharged. His expected discharge date is June 12, 2024...
Ex-Worker's Revenge: Office Theft Lands Man in Jail for Four MonthsA man received a 4-month prison sentence for breaking into his former office and stealing items after claiming he hadn't received his wages.
Hyundai Slashes Prices for IONIQ 5/6: Electric Car Deals Await U.S. Customers .
Man Sentenced to Prison for Stealing $6,000 Worth of Goods After Leaving JobMan was sentenced to 10 months in prison for stealing goods worth millions of won using stolen security cards from his former workplace.
U.S. Government Blocks Chip Supply to Huawei: A New Trade War? China warned the U.S. that it would also suffer damage from its government's decision to block Huawei...
Did North Korea Produce Your Favorite Animation? Shocking Discovery Raises Eyebrows Evidence suggests that American and Japanese animations, including popular ones like Amazon Prime’s Invincible, were produced in North Korea. On April 23, 38 North, a North Korean-focused publication under the American nonprofit Stimson Center, reported through a paper by Senior Researcher Martyn Williams that animation work files were found on a cloud storage server using […]
Delivery Anywhere in the World Within an Hour: Will China's Taobao Succeed in Real Rockets? China’s largest e-commerce company, Taobao, has partnered with a private rocket company to conduct rocket research and offer delivery anywhere in the world within an hour. Taobao is part of the same family as AliExpress, and it is rapidly expanding its presence worldwide, including in South Korea. On the 1st, local media, such as China’s […]
Boeing CEO Dave Calhoun to Step Down Amid Safety Crisis and Management Shakeup Boeing’s CEO, Dave Calhoun, is resigning and taking responsibility for several incidents. On the 25th, Boeing announced that, as part of a broad management overhaul due to the safety crisis caused by the in-flight panel crash of the 737 Max model last January, CEO Dave Calhoun will take responsibility and plans to resign by the […]
Nike Beats Expectations in Q3, Plans Strategic Shift Towards New Product Launches Nike (NKE), the world’s largest sportswear and sneaker retailer, exceeded market expectations with its quarterly performance. Nike’s Q3 fiscal year 2024 (December-February) revenues were $12.43 billion (up 0.3% from the previous year), total sales profit was $5.56 billion (a 3.6% increase), and net income attributable to the controlling shareholder was $1.17 billion (a 5.5% decrease). […]
TPG Plans to Raise $5 Billion Asia Fund with 10% Allocated to Korean Market Texas Pacific Group (TPG), a global private equity managing firm, is set to establish a massive Asia buyout fund worth approximately $5 billion. They plan to invest around 10% of this fund into the South Korean market. According to Bloomberg and other sources, on the 26th, TPG is planning to close its eighth Asia buyout […]
How Did Nvidia Become an AI Chip Powerhouse? Nvidia, a U.S. semiconductor company, is a primary beneficiary of the AI boom. Since early last year, its stock price has surged by about 450%, and its market capitalization has exceeded $2 trillion. Nvidia has now established itself as the third highest-valued company in the U.S., following Microsoft and Apple. Nvidia’s growth is steep. Its […]
United Airlines Under the Microscope: FAA Ramps Up Investigation into Safety Concerns The U.S. Federal Aviation Administration (FAA) is conducting a detailed investigation into the safety of United Airlines. United Airlines announced on the 23rd that it will undergo an enhanced detailed investigation by the Federal Aviation Administration (FAA) following recent accidents. In a memo, Sasha Johnson, United Airlines’ Vice President of Aviation Safety, said, “In the […]
From Virtual Try-Ons to Smart Mirrors: The Latest in US Beauty Tech The winds of technological innovation are blowing strongly in the American beauty industry. According to analysts, the American beauty tech market is expected to grow rapidly, but there are still many challenges to overcome. On the 23rd, the KOTRA Los Angeles Trade Office introduced the current status and prospects of the American beauty tech market […]
Short-Seller Targets SoundHound AI, Calls It 'NVIDIA's Favorite' in Scathing Report The U.S. activist short-seller investor Capybara Research has set its sights on SoundHound AI. This voice recognition AI company has attracted attention with its investment from the American semiconductor company NVIDIA. On the 22nd, Capybara stated in a short-selling report on SoundHound, “This company is a failed company that spreads lies and deceit. They don’t […]
Chevron Settles Record $13 Million Fine Over California Oil Spills The energy giant Chevron is to pay a fine in California. Chevron has agreed on the 21st (local time) to pay a fine of over $13 million for dozens of oil spill incidents in California in the past, marking the largest fine ever imposed on the company. David Shabazian, Director of the California Department of […]
Mondelez Resilient in Face of Price Hikes: Sales Stay Strong American confectionery company Mondelez (MDLZ) continues to see steady sales despite price increases. Mondelez has implemented price hikes in key regions such as Europe and Latin America. However, the company is believed to be defending against a decrease in sales volume based on brand loyalty. “The company is proactively responding to offset the cost burden […]
Sanctions Showdown: U.S., EU, and China Clash Impacts Western Firms As Western countries and China engage in a tit-for-tat sanction battle, escalating tensions, the business environment for American and European Union (EU) companies operating in China is becoming increasingly challenging. Particularly among European companies, there is growing discontent that government regulations are overly focused on, which diminishes the competitiveness of their own businesses. According to […]
From BTS to Taylor Swift: Disney+ Continues its Music Documentary Series Disney+ builds on the momentum of its pop culture documentaries by showcasing a major artist in its upcoming release this year. Following features on BTS, NCT 127, and Super Junior, this new project offers a behind-the-scenes glimpse at Taylor Swift’s The Eras Tour concert. Disney+ hosted its 2024 Content Lineup Media Day at the JW […]
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% […]
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 […]
BTS Jin Marks Military Service Anniversary with Moments of Joy and Sorrow [TV report by Kang Sung-hoon] BTS's Jin, who is making waves around the world, celebrated his one-year anniversary of enlisting in the army today (13th). He is now six months away from being discharged. His expected discharge date is June 12, 2024...
Ex-Worker's Revenge: Office Theft Lands Man in Jail for Four Months A man received a 4-month prison sentence for breaking into his former office and stealing items after claiming he hadn't received his wages.
Hyundai Slashes Prices for IONIQ 5/6: Electric Car Deals Await U.S. Customers .
Man Sentenced to Prison for Stealing $6,000 Worth of Goods After Leaving Job Man was sentenced to 10 months in prison for stealing goods worth millions of won using stolen security cards from his former workplace.
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