From Baseball to ByteDance: McCourt's Major League Tech PlayFrank McCourt, the American real estate tycoon and former owner of the LA Dodgers, has announced his plan to acquire the US business rights of the Chinese video platform TikTok. Attention is now focused on the potential acquisition price. TikTok is highly popular among American teenagers but faces pressure from US authorities for forced sale […]
American TikTok Sellers Reach Half a Million Despite Potential BanWhile the U.S. political community passed a bill to force the sale of TikTok, a Chinese video platform, it was announced that the number of American sellers registered on TikTok’s e-commerce platform exceeded 500,000. As the bill’s implementation approaches, it is analyzed that TikTok is expanding its influence in the U.S., especially among the younger […]
Tick-Tock TikTok: U.S. Enforces a Ban on the Social PlatformEnforcing 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 […]
TikTok Time Bomb: U.S. Ban Sparks Legal BattleThe U.S. passed a bill forcing TikTok’s American business to be sold within 270 days.TikTok’s CEO vows not to leave and anticipates legal battles.Concerns about whether the Chinese government will retaliate against U.S. companies are raised.Despite efforts to attract foreign investment, it may be difficult to retaliate against the U.S. The Chinese company ByteDance is […]
U.S. Lawmakers Strike Deal on Data Privacy BillThe draft of an online privacy protection bill has finally been submitted to the U.S. Congress. Two major U.S. lawmakers announced on the 7th (local time) that they had agreed on a bipartisan draft data privacy bill that would limit the consumer data tech companies can collect, prevent them from selling it to Americans, and […]
TikTok Diplomacy: German Chancellor Scholz Joins Trend Ahead of China VisitThe German government announced on the 8th that German Chancellor Olaf Scholz will pay a state visit to China for three days starting from the 14th (local time). Chancellor Scholz is scheduled to meet with Chinese President Xi Jinping and Premier Li Qiang in Beijing on the 16th and attend the China-Germany Economic Advisory Committee […]
Short-Form Drama Fever Sweeps Through TikTok's Homeland, China[The Guru=Reporter Hong Sung IL] In China, where TikTok (known locally as Douyin) has created a global short-form content craze, even dramas, traditionally long-form content, are produced in short-form. The short-form drama market is rapidly expanding and showing signs of profitability. On the 22nd, KOTRA’s Chongqing Trade Center introduced the current state and prospects of […]
ByteDance to Restart Gaming Business After US Passes TikTok Ban BillSold its gaming business last yearInternal notice of organizational restructuring to restart gaming business after the U.S. House of Representatives passed the Tik Tok Ban Bill Local reports have stated that China’s ByteDance, the parent company of TikTok, which is at risk of losing the U.S. market, is reviving the gaming business, previously sold to […]
Italy Slams TikTok with $10.8 Million Fine Over Minor Safety BreachPhoto=AFP Yonhap News Italian authorities have fined TikTok, the Chinese short-form video platform, 10 million euros (approximately $10.8 million) for failing to protect minors from harmful content. Meanwhile, in the United States Congress, passing a “bill that could ban TikTok,” justified on the grounds of national security, is gaining momentum, intensifying the Western restriction on […]
Male K-pop group That Caught Up With BTS on TikTok! TikTok, a global short-form video platform, released its "Year on TikTok 2023 (counting period January 1-October 31)" data on the 6th...
'Carrot Knives' Stir Controversy Among School Kids and Worried ParentsA concerning trend among students with plastic "carrot knives" raises concerns of desensitization to real violence.
Korean Beverages Go Viral Abroad: How Exports Soared to New HeightsSouth Korean beverage exports hit a record in 2022, with continued growth in 2023, driven by the Korean Wave and perceived health benefits.
Latest Trend Among Americans: Why Homemade Kimchi Craze Sweeping the NationIn the U.S., kimchi's popularity is surging, with Americans making their own and the kimchi export market growing significantly.
Disturbing TikTok 'Bone Smashing Challenge' Encourages Risky Self-Harm for BeautyIn a dangerous trend, TikTok users are engaging in 'bone smashing' challenges, risking severe injuries and complications, warns experts.
From Baseball to ByteDance: McCourt's Major League Tech Play Frank McCourt, the American real estate tycoon and former owner of the LA Dodgers, has announced his plan to acquire the US business rights of the Chinese video platform TikTok. Attention is now focused on the potential acquisition price. TikTok is highly popular among American teenagers but faces pressure from US authorities for forced sale […]
American TikTok Sellers Reach Half a Million Despite Potential Ban While the U.S. political community passed a bill to force the sale of TikTok, a Chinese video platform, it was announced that the number of American sellers registered on TikTok’s e-commerce platform exceeded 500,000. As the bill’s implementation approaches, it is analyzed that TikTok is expanding its influence in the U.S., especially among the younger […]
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 […]
TikTok Time Bomb: U.S. Ban Sparks Legal Battle The U.S. passed a bill forcing TikTok’s American business to be sold within 270 days.TikTok’s CEO vows not to leave and anticipates legal battles.Concerns about whether the Chinese government will retaliate against U.S. companies are raised.Despite efforts to attract foreign investment, it may be difficult to retaliate against the U.S. The Chinese company ByteDance is […]
U.S. Lawmakers Strike Deal on Data Privacy Bill The draft of an online privacy protection bill has finally been submitted to the U.S. Congress. Two major U.S. lawmakers announced on the 7th (local time) that they had agreed on a bipartisan draft data privacy bill that would limit the consumer data tech companies can collect, prevent them from selling it to Americans, and […]
TikTok Diplomacy: German Chancellor Scholz Joins Trend Ahead of China Visit The German government announced on the 8th that German Chancellor Olaf Scholz will pay a state visit to China for three days starting from the 14th (local time). Chancellor Scholz is scheduled to meet with Chinese President Xi Jinping and Premier Li Qiang in Beijing on the 16th and attend the China-Germany Economic Advisory Committee […]
Short-Form Drama Fever Sweeps Through TikTok's Homeland, China [The Guru=Reporter Hong Sung IL] In China, where TikTok (known locally as Douyin) has created a global short-form content craze, even dramas, traditionally long-form content, are produced in short-form. The short-form drama market is rapidly expanding and showing signs of profitability. On the 22nd, KOTRA’s Chongqing Trade Center introduced the current state and prospects of […]
ByteDance to Restart Gaming Business After US Passes TikTok Ban Bill Sold its gaming business last yearInternal notice of organizational restructuring to restart gaming business after the U.S. House of Representatives passed the Tik Tok Ban Bill Local reports have stated that China’s ByteDance, the parent company of TikTok, which is at risk of losing the U.S. market, is reviving the gaming business, previously sold to […]
Italy Slams TikTok with $10.8 Million Fine Over Minor Safety Breach Photo=AFP Yonhap News Italian authorities have fined TikTok, the Chinese short-form video platform, 10 million euros (approximately $10.8 million) for failing to protect minors from harmful content. Meanwhile, in the United States Congress, passing a “bill that could ban TikTok,” justified on the grounds of national security, is gaining momentum, intensifying the Western restriction on […]
Male K-pop group That Caught Up With BTS on TikTok! TikTok, a global short-form video platform, released its "Year on TikTok 2023 (counting period January 1-October 31)" data on the 6th...
'Carrot Knives' Stir Controversy Among School Kids and Worried Parents A concerning trend among students with plastic "carrot knives" raises concerns of desensitization to real violence.
Korean Beverages Go Viral Abroad: How Exports Soared to New Heights South Korean beverage exports hit a record in 2022, with continued growth in 2023, driven by the Korean Wave and perceived health benefits.
Latest Trend Among Americans: Why Homemade Kimchi Craze Sweeping the Nation In the U.S., kimchi's popularity is surging, with Americans making their own and the kimchi export market growing significantly.
Disturbing TikTok 'Bone Smashing Challenge' Encourages Risky Self-Harm for Beauty In a dangerous trend, TikTok users are engaging in 'bone smashing' challenges, risking severe injuries and complications, warns experts.
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