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...
North Korean Defector's Shocking Footage: Citizens Starving, Begging for SurvivalⓒJapan TBS Footage revealing the dire circumstances North Korean citizens face has been released. On the 29th, Japan’s TBS network released a video filmed by defector Mr. Kim in Hwanghae Province last April for the first time. The video shows a man lying alone on the street. Mr. Kim said, “I asked a nearby shop […]
Haiti's Tragic Turn: How It Became a No-Go Zone in the CaribbeanThe South Korean government has decided to designate Haiti, a country virtually in a state of anarchy due to gang violence, as a travel ban country starting next month. According to Yonhap News, the South Korean Ministry of Foreign Affairs announced on the 29th that it has decided to issue a Level 4 (Travel Ban) […]
EV Sales Suge Globally, US Market Sees Significant GrowthBloomberg NEF reported that in the fourth quarter of 2023, 4.4 million electric vehicles (BEV+PHEV) were sold globally, marking a 40% increase from the previous year and totaling 13.7 million units. This constitutes 18% of the total number of passenger cars sold worldwide. In the US, approximately 1.3 million battery electric vehicles were sold last […]
China's Economic Outlook Darkens as Fitch Downgrades Its Credit RatingAP and Yonhap Fitch, an international credit rating agency, has downgraded China’s national credit rating outlook. The agency cited the country’s struggle to extricate itself from a real estate-driven economic crisis. According to Bloomberg News, on the 10th, Fitch downgraded China’s national credit rating outlook from stable to negative. Fitch explained the reason for the […]
US Veteran Awarded $184,000 After Being Injured by Police Bullet Meant for Dog in South KoreaA former US military personnel stationed in Korea, who was wounded by a police live fire while trying to subdue a fierce dog, has won a lawsuit for damages against the South Korean government. According to Newsis, on the 8th, the 29th Civil Agreement Division of the Seoul Central District Court (Presiding Judge Go Seung-il) […]
North Korea's Kim Jong Un Sends Message of Support to Putin Amid Russian Flood CrisisKim Jong Un and President Putin (Photo = Kremlin Palace) North Korea’s Kim Jong Un sent a message of condolence to President Putin regarding the flood damage that occurred in the Orenburg region of Russia, according to the Korean Central News Agency on the 8th. In the message sent to Putin, Kim Jong Un said, […]
Canada Tightens Review of Foreign Investment in AI and Quantum Computing [TheGuru=Sungil Hong] The Canadian government is strengthening its review of foreign capital investments. The move is being analyzed as a step in line with the United States' efforts to curb China. According to industry reports on the 31st, the Canadian government has decided to conduct a strict review of foreign investment proposals in sensitive sectors. The Canadian government released a statement to that effect on Sept. 26 (local time). The move is in response to the recent amendments to the Investment Canada Act. The revised Investment Canada Act requires foreign companies that want to acquire companies in sensitive sectors to notify the Canadian government before the deal is finalized. The sensitive sectors identified by the Canadian government include artificial intelligence (AI), quantum computing, and space technology. Under the enhanced measures, the Canadian government can restrict access to foreign investors seeking to acquire companies in these sectors during the review period. Even if the acquisition is finalized, investors may not have access to the acquired company's data and assets. China has been blamed for the Canadian government's tightening of the review process, which had been open to foreign investment. In fact, last year, the Canadian government ordered Chinese investors to divest their stakes in three lithium companies. Industry analysts believe that Canada is following in the footsteps of the United States, which is wary of China's growing influence. The Canadian government has also mentioned the possibility of expanding the scope of the regulation to other sectors in the future, so the scope of the regulation will be closely watched...
President Yoon's Budget Cuts Threaten Military UpgradesThe Yoon Suk Yeol government has seen a decrease in the proportion of the defense improvement budget allocated for introducing advanced weapons and research and development costs to enhance defense capabilities. In particular, it is pointed out that the proportion of defense improvement costs fell below 30% for the first time in eight years last […]
PM Kishida Affirms Japan's Commitment to Resolving Issues with North KoreaJapanese Prime Minister Fumio Kishida. [Photo courtesy of NHK] “In any case, as Japan, we will continue our efforts under our existing policies to resolve current issues with North Korea.” On the night of the 26th, Japanese Prime Minister Fumio Kishida met with reporters at his official residence and said, “I am aware of the […]
Biden Administration to Investigate Security Concerns with Chinese-Made Cars U.S. Biden Administration to Investigate Security Risks of Chinese-Made Connected Vehicles.
Chinese Singer's Mom Faces Life in Prison for Embezzlement [TV report=HanAeMyung reporter] Singer Gok WanJung caused a big controversy due to her mother's 18.7 billion won bribery while working as a Chinese government official. He has been criticized by the public again...
Backlash from 8 Asian Nations as President Yoon Cuts Migrant Support Center BudgetAsian countries express concern over South Korea's migrant worker support center budget cuts, affecting foreign workers' assistance.
Biden Boost: $3.5 Billion Surge into Battery IndustryBiden allocates $3.5B for the U.S. battery industry, targeting manufacturing, recycling, and raw materials supply chain support.
President Yoon's Wristwatch Surfaces in Second-Hand Market – Price Stuns EnthusiastsPresident Yoon Seok Yeol's commemorative watches surface on the second-hand market, sparking interest among collectors at $170.
Chinese Nuclear Sub Sinks in Its Own Trap: All 55 Crew Members LostA Chinese nuclear submarine, reportedly involved in a collision with submarine traps, has killed all 55 crew members.
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...
North Korean Defector's Shocking Footage: Citizens Starving, Begging for Survival ⓒJapan TBS Footage revealing the dire circumstances North Korean citizens face has been released. On the 29th, Japan’s TBS network released a video filmed by defector Mr. Kim in Hwanghae Province last April for the first time. The video shows a man lying alone on the street. Mr. Kim said, “I asked a nearby shop […]
Haiti's Tragic Turn: How It Became a No-Go Zone in the Caribbean The South Korean government has decided to designate Haiti, a country virtually in a state of anarchy due to gang violence, as a travel ban country starting next month. According to Yonhap News, the South Korean Ministry of Foreign Affairs announced on the 29th that it has decided to issue a Level 4 (Travel Ban) […]
EV Sales Suge Globally, US Market Sees Significant Growth Bloomberg NEF reported that in the fourth quarter of 2023, 4.4 million electric vehicles (BEV+PHEV) were sold globally, marking a 40% increase from the previous year and totaling 13.7 million units. This constitutes 18% of the total number of passenger cars sold worldwide. In the US, approximately 1.3 million battery electric vehicles were sold last […]
China's Economic Outlook Darkens as Fitch Downgrades Its Credit Rating AP and Yonhap Fitch, an international credit rating agency, has downgraded China’s national credit rating outlook. The agency cited the country’s struggle to extricate itself from a real estate-driven economic crisis. According to Bloomberg News, on the 10th, Fitch downgraded China’s national credit rating outlook from stable to negative. Fitch explained the reason for the […]
US Veteran Awarded $184,000 After Being Injured by Police Bullet Meant for Dog in South Korea A former US military personnel stationed in Korea, who was wounded by a police live fire while trying to subdue a fierce dog, has won a lawsuit for damages against the South Korean government. According to Newsis, on the 8th, the 29th Civil Agreement Division of the Seoul Central District Court (Presiding Judge Go Seung-il) […]
North Korea's Kim Jong Un Sends Message of Support to Putin Amid Russian Flood Crisis Kim Jong Un and President Putin (Photo = Kremlin Palace) North Korea’s Kim Jong Un sent a message of condolence to President Putin regarding the flood damage that occurred in the Orenburg region of Russia, according to the Korean Central News Agency on the 8th. In the message sent to Putin, Kim Jong Un said, […]
Canada Tightens Review of Foreign Investment in AI and Quantum Computing [TheGuru=Sungil Hong] The Canadian government is strengthening its review of foreign capital investments. The move is being analyzed as a step in line with the United States' efforts to curb China. According to industry reports on the 31st, the Canadian government has decided to conduct a strict review of foreign investment proposals in sensitive sectors. The Canadian government released a statement to that effect on Sept. 26 (local time). The move is in response to the recent amendments to the Investment Canada Act. The revised Investment Canada Act requires foreign companies that want to acquire companies in sensitive sectors to notify the Canadian government before the deal is finalized. The sensitive sectors identified by the Canadian government include artificial intelligence (AI), quantum computing, and space technology. Under the enhanced measures, the Canadian government can restrict access to foreign investors seeking to acquire companies in these sectors during the review period. Even if the acquisition is finalized, investors may not have access to the acquired company's data and assets. China has been blamed for the Canadian government's tightening of the review process, which had been open to foreign investment. In fact, last year, the Canadian government ordered Chinese investors to divest their stakes in three lithium companies. Industry analysts believe that Canada is following in the footsteps of the United States, which is wary of China's growing influence. The Canadian government has also mentioned the possibility of expanding the scope of the regulation to other sectors in the future, so the scope of the regulation will be closely watched...
President Yoon's Budget Cuts Threaten Military Upgrades The Yoon Suk Yeol government has seen a decrease in the proportion of the defense improvement budget allocated for introducing advanced weapons and research and development costs to enhance defense capabilities. In particular, it is pointed out that the proportion of defense improvement costs fell below 30% for the first time in eight years last […]
PM Kishida Affirms Japan's Commitment to Resolving Issues with North Korea Japanese Prime Minister Fumio Kishida. [Photo courtesy of NHK] “In any case, as Japan, we will continue our efforts under our existing policies to resolve current issues with North Korea.” On the night of the 26th, Japanese Prime Minister Fumio Kishida met with reporters at his official residence and said, “I am aware of the […]
Biden Administration to Investigate Security Concerns with Chinese-Made Cars U.S. Biden Administration to Investigate Security Risks of Chinese-Made Connected Vehicles.
Chinese Singer's Mom Faces Life in Prison for Embezzlement [TV report=HanAeMyung reporter] Singer Gok WanJung caused a big controversy due to her mother's 18.7 billion won bribery while working as a Chinese government official. He has been criticized by the public again...
Backlash from 8 Asian Nations as President Yoon Cuts Migrant Support Center Budget Asian countries express concern over South Korea's migrant worker support center budget cuts, affecting foreign workers' assistance.
Biden Boost: $3.5 Billion Surge into Battery Industry Biden allocates $3.5B for the U.S. battery industry, targeting manufacturing, recycling, and raw materials supply chain support.
President Yoon's Wristwatch Surfaces in Second-Hand Market – Price Stuns Enthusiasts President Yoon Seok Yeol's commemorative watches surface on the second-hand market, sparking interest among collectors at $170.
Chinese Nuclear Sub Sinks in Its Own Trap: All 55 Crew Members Lost A Chinese nuclear submarine, reportedly involved in a collision with submarine traps, has killed all 55 crew members.
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