U.S. Rides High on Record Trade Surplus as China's Deficit with South Korea TriplesLast year, South Korea marked a record trade surplus with the United States, while simultaneously experiencing its largest-ever trade deficit with China, showcasing a stark contrast in trade outcomes with these two major countries (G2). According to the Regional Balance of Payments for 2023 released by the Bank of Korea on the 19th, the balance […]
Russia and North Korea Sitting in a Tree, M-I-S-S-I-L-E?With Russian President Vladimir Putin’s first visit to North Korea in 24 years set for next week, the international community, including South Korea, is on high alert for close relations between Russia and North Korea. The potential impact on the Korean Peninsula could be significant as the level of military cooperation between the two sides […]
Korea-Africa Summit: A Pivotal Moment for Trade and CooperationOn March 3, President Yoon Suk Yeol held a series of meetings with leaders from ten African nations regarding strengthening trade, commerce, and supply chain cooperation between the countries. During the weekend, Yoon met with leaders from 13 countries, including these 10. He plans to solidify the foundation for cooperation on key minerals with Africa […]
U.S. Allies Caught in the Crossfire of Trade and Security ConcernsMajor U.S. media outlets quickly reported on the trilateral summit between Korea, Japan, and China, while expressing caution about China’s attempts to improve relations with key U.S. allies. On the 27th (local time), the New York Times (NYT) evaluated the trilateral summit, stating, “The trilateral dialogue has lost its shine due to tension between the […]
Trilateral Triumph: South Korea, Japan, and China to Boost Trade and Cultural ExchangesSouth Korea has decided to deepen its economic, trade, and digital cooperation with Japan and China. This marks the first trilateral meeting in four years and five months. On the 26th, President Yoon Suk Yeol agreed to strengthen cooperation with both China and Japan during separate bilateral meetings with Chinese Premier Li Qiang and Japanese […]
China Makes Strategic Move That Worries Western CompaniesAccording to recent assessments, Chinese companies are expanding their dominance in the mineral market despite years of sanctions. The Wall Street Journal (WSJ) reported on the 20th (local time) that China is winning the mineral war, with Chinese companies aggressively expanding their businesses, over-supplying, and driving down prices to push out competitors. According to raw […]
Biden Targets Unfair Chinese Trade Practices with New Tariff PolicyAs early as the 14th, Biden announced directlyIncluding electric vehicles, batteries, semiconductors ...
$6.8 Billion Trade Fallout: Türkiye Cuts Off Israel Over GazaTürkiye has announced a complete cessation of trade with Israel until sufficient humanitarian aid is provided to the war-torn Gaza Strip. According to Bloomberg, the Turkish Ministry of Trade stated on February 2nd (local time), “With the initiation of the second phase of government-level (export control) measures, all import and export transactions related to Israel […]
Mexico Rises as the New Manufacturing PowerhouseAs the Biden administration accelerates the decoupling from the Chinese supply chain, Mexico is rapidly emerging as a new global manufacturing hub to replace China. The manufacturing boom is happening in major cities in Mexico as foreign investments targeting the U.S. market continue, and the value of the Mexican peso is also on the rise. […]
U.S. Prepares Sanctions on Chinese BanksBlinken’s Visit to China Puts Pressure on Policy Shift According to sources cited by the Wall Street Journal (WSJ) on the 22nd, the U.S. government is preparing sanctions that threaten to expel some Chinese banks from the global financial system. Before he visits China, these measures are intended to provide Antony Blinken, U.S. Secretary of […]
Fears Arise As Biden's Tariff Hike Intensifies U.S.-China DisputesOn the 22nd, Samsung Securities analyzed the possibility of the U.S.-China dispute, which has resurfaced as a hot topic in the financial market and is likely to intensify. President Joe Biden recently announced plans to raise tariffs on Chinese steel and aluminum from 7.5% to 25%. The U.S. Trade Representative Katherine Tai revealed that they […]
Revival of the U.S.-China Trade War? U.S. Mulls Over TariffsOn the 16th (local time), U.S. Trade Representative Katherine Tai revealed her serious contemplation of trade defense actions, including the imposition of tariffs under Section 301 of the Trade Act, in reaction to China’s unfair trade practices. With this announcement, as the U.S. election draws closer this year, it becomes pertinent to monitor whether the […]
U.S. Takes on China: Investigation into Unfair Shipbuilding Trade Practices BeginsThe United States government is expected to launch an investigation into the unfair practices of the Chinese shipbuilding industry following a petition from the United Steelworkers Union (USW). Analysts anticipate that this could potentially benefit the Korean shipbuilding industry. According to a report by the Korea Trade-Investment Promotion Agency (KOTRA) on the 7th, Sanction to […]
Trump Threatens 100% Tariff on Chinese Automakers' Cars Made in MexicoAccording to a report by the Detroit News on March 17, 2024 (Local time), Donald Trump said he would impose a 100% tariff on automobiles made in Mexico by Chinese automakers, double the levy he has previously said he would impose on automobiles made south of the U.S. border. Earlier this month, Trump threatened a […]
Ex-Google Employee Caught Stealing AI Tech to Chinese CompanyA former Google software engineer of Chinese nationality has been charged with stealing the company’s artificial intelligence (AI) trade secrets and leaking them to a Chinese company. Notably, as the AI technology competition between the U.S. and China intensifies, technology leaks are becoming more frequent. According to AP and Reuters, the U.S. Department of Justice […]
K-Pop Idols Who Got Caught Selling Fan Gifts [TV report=HanAeMyung reporter] Future Boy member Jang Yubin has been controversially caught trying to trade second-hand with a gift from a fan, and even former JEX KISS members Kang Sung Hoon and Sky Jian, who caused the same controversy in the past, are in the spotlight...
Frozen Kimbap Frenzy in the U.S.: How a Korean Dish Captured American Taste BudsSmall Korean company Olgaht sees Frozen Gimbap craze in the U.S., plans to increase production tenfold to meet demand.
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.
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U.S. Rides High on Record Trade Surplus as China's Deficit with South Korea Triples Last year, South Korea marked a record trade surplus with the United States, while simultaneously experiencing its largest-ever trade deficit with China, showcasing a stark contrast in trade outcomes with these two major countries (G2). According to the Regional Balance of Payments for 2023 released by the Bank of Korea on the 19th, the balance […]
Russia and North Korea Sitting in a Tree, M-I-S-S-I-L-E? With Russian President Vladimir Putin’s first visit to North Korea in 24 years set for next week, the international community, including South Korea, is on high alert for close relations between Russia and North Korea. The potential impact on the Korean Peninsula could be significant as the level of military cooperation between the two sides […]
Korea-Africa Summit: A Pivotal Moment for Trade and Cooperation On March 3, President Yoon Suk Yeol held a series of meetings with leaders from ten African nations regarding strengthening trade, commerce, and supply chain cooperation between the countries. During the weekend, Yoon met with leaders from 13 countries, including these 10. He plans to solidify the foundation for cooperation on key minerals with Africa […]
U.S. Allies Caught in the Crossfire of Trade and Security Concerns Major U.S. media outlets quickly reported on the trilateral summit between Korea, Japan, and China, while expressing caution about China’s attempts to improve relations with key U.S. allies. On the 27th (local time), the New York Times (NYT) evaluated the trilateral summit, stating, “The trilateral dialogue has lost its shine due to tension between the […]
Trilateral Triumph: South Korea, Japan, and China to Boost Trade and Cultural Exchanges South Korea has decided to deepen its economic, trade, and digital cooperation with Japan and China. This marks the first trilateral meeting in four years and five months. On the 26th, President Yoon Suk Yeol agreed to strengthen cooperation with both China and Japan during separate bilateral meetings with Chinese Premier Li Qiang and Japanese […]
China Makes Strategic Move That Worries Western Companies According to recent assessments, Chinese companies are expanding their dominance in the mineral market despite years of sanctions. The Wall Street Journal (WSJ) reported on the 20th (local time) that China is winning the mineral war, with Chinese companies aggressively expanding their businesses, over-supplying, and driving down prices to push out competitors. According to raw […]
Biden Targets Unfair Chinese Trade Practices with New Tariff Policy As early as the 14th, Biden announced directlyIncluding electric vehicles, batteries, semiconductors ...
$6.8 Billion Trade Fallout: Türkiye Cuts Off Israel Over Gaza Türkiye has announced a complete cessation of trade with Israel until sufficient humanitarian aid is provided to the war-torn Gaza Strip. According to Bloomberg, the Turkish Ministry of Trade stated on February 2nd (local time), “With the initiation of the second phase of government-level (export control) measures, all import and export transactions related to Israel […]
Mexico Rises as the New Manufacturing Powerhouse As the Biden administration accelerates the decoupling from the Chinese supply chain, Mexico is rapidly emerging as a new global manufacturing hub to replace China. The manufacturing boom is happening in major cities in Mexico as foreign investments targeting the U.S. market continue, and the value of the Mexican peso is also on the rise. […]
U.S. Prepares Sanctions on Chinese Banks Blinken’s Visit to China Puts Pressure on Policy Shift According to sources cited by the Wall Street Journal (WSJ) on the 22nd, the U.S. government is preparing sanctions that threaten to expel some Chinese banks from the global financial system. Before he visits China, these measures are intended to provide Antony Blinken, U.S. Secretary of […]
Fears Arise As Biden's Tariff Hike Intensifies U.S.-China Disputes On the 22nd, Samsung Securities analyzed the possibility of the U.S.-China dispute, which has resurfaced as a hot topic in the financial market and is likely to intensify. President Joe Biden recently announced plans to raise tariffs on Chinese steel and aluminum from 7.5% to 25%. The U.S. Trade Representative Katherine Tai revealed that they […]
Revival of the U.S.-China Trade War? U.S. Mulls Over Tariffs On the 16th (local time), U.S. Trade Representative Katherine Tai revealed her serious contemplation of trade defense actions, including the imposition of tariffs under Section 301 of the Trade Act, in reaction to China’s unfair trade practices. With this announcement, as the U.S. election draws closer this year, it becomes pertinent to monitor whether the […]
U.S. Takes on China: Investigation into Unfair Shipbuilding Trade Practices Begins The United States government is expected to launch an investigation into the unfair practices of the Chinese shipbuilding industry following a petition from the United Steelworkers Union (USW). Analysts anticipate that this could potentially benefit the Korean shipbuilding industry. According to a report by the Korea Trade-Investment Promotion Agency (KOTRA) on the 7th, Sanction to […]
Trump Threatens 100% Tariff on Chinese Automakers' Cars Made in Mexico According to a report by the Detroit News on March 17, 2024 (Local time), Donald Trump said he would impose a 100% tariff on automobiles made in Mexico by Chinese automakers, double the levy he has previously said he would impose on automobiles made south of the U.S. border. Earlier this month, Trump threatened a […]
Ex-Google Employee Caught Stealing AI Tech to Chinese Company A former Google software engineer of Chinese nationality has been charged with stealing the company’s artificial intelligence (AI) trade secrets and leaking them to a Chinese company. Notably, as the AI technology competition between the U.S. and China intensifies, technology leaks are becoming more frequent. According to AP and Reuters, the U.S. Department of Justice […]
K-Pop Idols Who Got Caught Selling Fan Gifts [TV report=HanAeMyung reporter] Future Boy member Jang Yubin has been controversially caught trying to trade second-hand with a gift from a fan, and even former JEX KISS members Kang Sung Hoon and Sky Jian, who caused the same controversy in the past, are in the spotlight...
Frozen Kimbap Frenzy in the U.S.: How a Korean Dish Captured American Taste Buds Small Korean company Olgaht sees Frozen Gimbap craze in the U.S., plans to increase production tenfold to meet demand.
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.
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