U.S. and Japan Raise Hourly Wages, Why Isn't South Korea Following? 2024.04.15 California has raised the minimum wage for fast-food workers to $20 an hour. According to the Associated Press, the new wage rate was implemented on the 1st, marking a 29% increase from last year’s minimum wage of $15.50. California Governor Gavin Newsom signed an expedited bill in September last year to raise the minimum wage […]

Why Choe Ryong Hae Remains 'North Korea's No. 2' Despite Purge Rumors 2024.04.13 Choe Ryong Hae, Chairman of the Standing Committee Excluded from the list of the National Defense Commission Check on Jo Yong Won, the head of the Organization and Guidance Department Recently, North Korea has been frequently showing military actions such as boasting about its military power and launching ballistic missiles. Amid such actions, attention is being […]

Business Class to Disappointment: Passenger's Experience on Korean Air Flight 2024.04.13 Recently, a passenger who flew business class on Korean Air claimed he was treated differently from other passengers, sparking a debate in online communities. According to a post on the online community Diesel Mania, a man in his 30s purchased a business class seat worth 2.3 million won for a comfortable journey on Korean Air […]

UN, FBI, and MS Warn of North Korea's Actions, Damaging 50 Financial Institutions Around the World 2024.04.13 I UN 'Aryan Formula' warns North Korea I FBI "North Korea threatens with cyber operations" I MS "100 million stolen from cryptocurrency services" [TV report=Ha-Yul Han] Recently, cyber attacks such as ransomware have emerged as a new threat to international peace and security...

North Korea's New Battle Tanks: Borrowing Russian Technology 2024.04.12 Russia’s T-80U tankImported in 1995 under the Bear ProjectImported non-export model North Korea recently unveiled a new tank model, sparking interest in the existence of a Russian-made tank in South Korea, which is not present in North Korea. North Korea unveiled the new tank model at the 75th anniversary of founding the Workers’ Party of […]

National Debt Reaches Historic Highs, Prompting Concerns 2024.04.12 The 2023 fiscal year national accounts report has revealed a national debt of $816.7B with a fiscal deficit of $63B . On the 11th, the government reviewed and approved the 2023 fiscal year national accounts report. According to the report, last year’s national debt reached a record high of $816.7 billion. The fiscal deficit, a […]

USTR Takes Aim at Korea's High Network Usage Fees 2024.04.12 The U.S. Trade Representative’s Office (USTR) claimed that mentioning network usage fees benefits Korean competitorsTwitch withdrew because of the network usage fees South Korea’s network usage fees are criticized for being particularly high compared to other countries. The US has raised concerns, calling it anti-competitive. The U.S. Trade Representative’s Office (USTR) recently published a National […]

North Korea's Birthday Bash: Celebration of Kim Il Sung's Birthday Takes an Unusual Turn 2024.04.12 With cultural events, North Korea celebrates Kim Il Sung’s 112th birthday and alters celebration terminologyIn April, plans for a military reconnaissance satellite launch aim to enhance defense capabilitiesMedia term change from “Day of the Sun” to “April Festival” hints at celebration framing shift North Korea is lifting spirits with photo exhibitions and art festivals in […]

North Korean Laborers Abused in Chinese Seafood Trade 2024.04.12 I Chinese seafood imported to South Korea is cleaned by North Koreans I Consumers unknowingly support North Korea with foreign money I North Korean workers in Chinese factories are subjected to human rights abuses,.

Forbes Designates Daughters of Late Nexon Founder as World's Youngest Billionaires 2024.04.11 On the 8th of last month, Forbes, the American economic specialist media, announced its list of the “2024 World’s Youngest Billionaires.” The press reported that all 25 of the youngest billionaires selected this time are under 33. Rare news emerged with the inclusion of a pair of Korean sisters. The owners of this title are […]

Robert Kiyosaki's Warning: Stocks, Bonds, and Real Estate Are Set to Collapse 2024.04.11 Robert Kiyosaki warns of a financial market collapse, “Invest in real assets” Robert Kiyosaki, best known as the author of the bestseller Rich Dad Poor Dad, has pointed out the debt risk in the United States. He has sparked a debate by mentioning the possibility of a market collapse and arguing that attention should be […]

Samsung Heiress Sells Millions of Shares to Foot $10 Billion Tax Bill 2024.04.11 On the 8th, the investment banking sector disclosed that Lee Boo Jin, the president of Hotel Shilla, has initiated demand forecasting to offload 5,247,140 shares of Samsung Electronics through one of the top five banks in the market. The anticipated sale price per share is expected to range between 83,700 won ($74.15) and 84,500 won […]

Kim Jong Un's Vision for North Korea: A Glimpse Into the New Smart City 2024.04.11 The construction site of the second phase of North Korea’s version of a “new city,” the Hwasong District, has been unveiled. Kim Jong Un also visited to draw attention. According to North Korea’s state-run media, the Korean Central News Agency, Kim Jong Un visited the construction site of 10,000 households in the second phase of […]

Alibaba Partners with Rocket Firm for Lightning-Fast One-Hour Deliveries: The Future of E-Commerce? 2024.04.11 Alibaba teams up with rocket manufacturer for deliveryXZY-1: sea-landing and reusable rocketAlibaba.com initiates recruitment drive in South Korea Alibaba, the global e-commerce giant originating from China, has announced plans to collaborate with a Chinese rocket development company to launch a service that promises delivery of products anywhere in the world within just one hour. According […]

South Korea's Ambitious Aim: Developing Domestic Fighter Jet Engines by 2037 2024.04.10 GE Aerospace Becomes Independent Publicly Listed CompanyKorea Aims for Domestic Engine Development by Late 2030sDefense Acquisition Program Administration Estimates Project Budget at Approximately 5 Trillion KRW ($4.2 billion) U.S. aerospace engine manufacturer GE Aerospace, specializing in developing and supplying engines for KF-21 fighter jets and FA-50 light attack aircraft, officially announced its debut as an […]

S.Korea's Defense Export Ambitions Soar as Saudi Arabia Inks $3.2 Billion Missile Deal 2024.04.10 Saudi Arabia Signs Deal for Ten Cheongung-II Missile BatteriesExpansion to Submarines and Other Ground Force Weapons ExpectedIraq Displays Interest in Korean Surion Helicopters Amidst Russia’s invasion of Ukraine in 2022, Poland’s substantial arms imports propelled ‘K-defense’ to achieve a record-breaking defense export revenue of $17.3 billion, leading the country to aspire to become the world’s […]

Kim Jong Un's Daughter Witnesses Fatal Parachute Accident 2024.04.09 Kim Jong Un and his daughter attend airborne trainingCasualties occur due to tangled parachutesNorth Korea makes no mention During a military training exercise overseen by the North Korean State Affairs Commission, Kim Jong Un and his daughter, Ju Ae, an accident occurred, resulting in casualties. The incident occurred on the 15th of last month during […]

Crypto Scandal: Terraform Labs Co-Founder Loses SEC Lawsuit 2024.04.09 Do Kwon, the CEO of Terraform LabsLoses a civil lawsuit filed by the SECHigh possibility of extradition to the U.S. On the 5th, a Manhattan jury found that Terraform Labs and its co-founder Do Kwon were responsible for the civil fraud charges filed by the U.S. Securities and Exchange Commission (SEC). Previously, the SEC filed […]

From Novice to Pro: How AI Trading Bots are Transforming Crypto Investment 2024.04.09 Cryptocurrency AI Trading BotSuitable for novice investorsOffers stability and convenience When you want to invest in cryptocurrency and make money but don’t know which one to invest in, an AI trading bot can be a helpful guide. A self-proclaimed cryptocurrency novice sought guidance on investing in cryptocurrencies like Bitcoin and Dogecoin but found the trading […]

North Korea's Unusual Move: Replacing Airfields with Smart Farms 2024.04.09 Three greenhouse farms in North KoreaWhy were Air Force bases transformed into smart farms? North Korea operates three large-scale greenhouse farms, converted into smart farms to cultivate vegetables using advanced technology and systems effectively. These projects are so significant at the national level that Kim Jong Un personally visited them during their inauguration. A common […]

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