Electric Vehicle Price Wars: How Low Can They Go? The era of affordable, entry-level electric vehicles is comingSignificantly lower price for cost-effectivenessHow far will the electric vehicle competition go? The price war for electric vehicles is intensifying. Tesla is steadily lowering the price of Model Y, increasing its competitiveness through an aggressive pricing policy. In South Korea, the cost of Model Y, which was […]
Chinese Electric Car Invasion: Is BYD the New Tesla Threat? Rapidly Growing Chinese Electric Vehicle BrandsWhich Will Dominate in 10 Years? In the global electric vehicle market, another brand is gaining a significant presence along with Tesla: China’s BYD. This brand is penetrating the market with its affordable prices. Of course, other Chinese automakers also show a rapid growth rate each year. In 2023, while […]
Hyundai and Kia Address Car Theft Crisis with New Solutions Theft crimes targeting Hyundai and Kia have become a trend two years agoIt hasn’t still stopped “Kia Boys” became a trend in the United States two years ago. This new term refers to teenagers’ criminal activities targeting Hyundai and Kia’s weak security level. While the theft victims filed a class action lawsuit, Hyundai and Kia […]
British Automaker INEOS Under Fire for Electric SUV Resembling G-Wagon UK Automaker, INEOSNew model unveiled following GrenadierEye-catching design similar to the Mercedes G-Wagon UK’s INEOS Automotive has unveiled its electric SUV, the Fusilier. At first glance, it attracts attention as it resembles Land Rover Defender and Mercedes G-Wagon. It was officially unveiled on February 23, 2024, and full-scale production is scheduled to begin in 2027. […]
Can Chinese Automaker GWM Compete with Rolls-Royce? China's Great Wall Motors has announced the launch of a luxury sedan and released renderings. The new luxury line will be codenamed ZX and will compete with the likes of Hongqi, Maybach, and Rolls-Royce. The plagiarism controversy that has been brewing for some time is still to be resolved...
Sixteen Vehicles From Hyundai Motor Group Recognized by the U.S. IIHS as the 'Safest Cars' Hyundai Motor Group has proven its top safety in the United States. Hyundai Motor Group announced on the 28th that six models were selected for the “Top Safety Pick Plus (TSP+)” rating and ten models for the “Top Safety Pick (TSP)” rating in the crash test results announced by the Insurance Institute for Highway Safety […]
One Out of Ten Koreans Own Ripple Did you know that one out of ten Koreans owns Ripple (XRP), the world’s sixth-largest cryptocurrency? Ripple is accelerating its expansion in Korea based on the interest of Koreans. Josh Kim, a partner of Ripple, revealed in an interview with the Ripple-related community “Crypto Eri” on the 26th that “10% of the Korean population own […]
The World's Best-Selling Vehicle For 2023: Tesla Model Y Japanese market research company MarkLines has released the world’s best-selling vehicle ranking for 2023. According to the rankings, Tesla’s Model Y ranked 1st with 1,165,000 units, beating the Ford F Series with 878,000 units and the Toyota RAV4 with 868,000 units. Surprisingly, electric vehicles have surpassed internal combustion engine vehicles and hybrid vehicles in sales […]
Renault Scenic E-Tech Beats BMW·Kia·BYD With Its Win as Car of the Year at the Geneva Motor Show 2024 Renault Korea’s French parent company, Renault, has been recognized for its electric vehicle technology in Europe. The Scenic E-Tech, a Renault Scenic electric vehicle that was transformed from an internal combustion engine MPV into an SUV, was selected as the Car of the Year in Europe, beating out competing models such as the Kia EV9, […]
Is Bitcoin 'Hotter' than NVIDIA? Recently, the total market capitalization of cryptocurrency has surpassed 2 trillion dollars due to factors such as the significant rise in Bitcoin prices. This surpasses the market cap of NVIDIA, a rapidly rising stock that is capturing attention in the stock market. According to Yonhap News, as of 1:30 PM Eastern Time on the 27th, […]
HYBE Becomes the First Korean Entertainment Company to Cross 2 Trillion Won Annual Sales Threshold HYBE has become the first Korean entertainment company to reach a yearly consolidated sales of 2 trillion won. HYBE officially announced on the 26th that its annual consolidated revenue last year increased by 22.6% from the previous year, recording 2.1781 trillion won. Business profit rose by 24.9% from the previous year to 295.8 billion won, […]
Unity Software (U) Faces 19% Stock Plunge in After-Hours Trading Unity Software (U) saw its stock price plummet by 19% in after-hours trading on the 26th due to disappointing fourth-quarter performance and guidance. Unity Software’s fourth-quarter revenue was $609 million, a 35% increase from the previous year. Although it appears to have exceeded the consensus of $551 million, it was considered disappointing when considering the […]
OMEGA's Moonswatch Collection Sets Record at Sotheby's A suitcase edition from OMEGA, the Swiss luxury watch brand, has garnered significant attention at a Sotheby’s auction. OMEGA held an auction for the suitcase edition, which contained 11 Moonswatch Moonshine Gold models, at Sotheby’s online auction from February 12 to 24. This suitcase edition contained 11 OMEGA X Swatch “Mission to Moonshine Gold” watches. […]
Walton Family Sells $1.5 Billion in Walmart Stock Amid Record Highs Sam Walton, the largest shareholder of Walmart, has sold his shares as they rose. Bloomberg reported on the 26th that the Walton family had sold approximately $1.5 billion worth of Walmart shares as the company’s stock approached a record high last week. According to a report from the U.S. Securities and Exchange Commission (SEC), the […]
Vertiv Expands to Keep Pace with Nvidia Partnership and Growing Orders Vertiv (VRT), a provider of power and cooling solutions for data center server systems, is currently collaborating with NVIDIA. They are also expanding to meet the surge in orders. Shinhan Investment Securities analyst Ham Hyeong Do explained, “Cooling solutions provide technologies tailored to the characteristics of data centers, such as air cooling, DTC, and immersion […]
S-OIL Secures Top Spot Again: Named 'Most Admired Company' for 8th Consecutive Year [iNews24 reporter Goodyeon Choi]S-OIL has retained the top spot in the Korea Management Association Consulting (KMAC)'s '2024 Most Admired Companies in Korea' for the eighth consecutive year.S-OIL CEO Anwar Al Hijazi...
Buffett's Berkshire Hathaway Boasts All-Time High Cash Reserves: Nowhere to Invest? Berkshire Hathaway, the investment company of “Oracle of Omaha” Warren Buffett, recorded its all-time highest cash holdings, continuing its strong performance in the fourth quarter of last year. However, Buffett stated that the chances of achieving the same “eye-popping” results in the coming years are virtually nonexistent. According to the earnings report released by Berkshire […]
OpenAI Accuses NYT of Hacking in ChatGPT Lawsuit OpenAI has responded to the New York Times' allegations of hacking ChatGPT with red herrings and requested that the lawsuit be dismissed. The NYT did not respond, and OpenAI said it hopes for a constructive partnership...
Apple's Exit from EV Market Boosts Tesla, Eases Pressure on Competitors With Apple’s voluntary withdrawal from the electric vehicle market, there’s a sense of relief among existing electric vehicle manufacturers like Tesla. In the recent cooling down of the electric vehicle market, the departure of a big tech company that holds $61 billion in cash means a lot to these existing companies. On the 27th (local […]
China's BYD Reveals $230K Electric Supercar to Rival Ferrari Photo: BYD According to Bloomberg, Chinese auto manufacturer BYD unveiled a high-performance electric supercar worth 1.68 million yuan (about $230 thousand), capable of competing with supercar manufacturers like Ferrari and Lamborghini, on the 25th (local time). BYD unveiled the Yangwang U (Ultimate) 9 at an event in Shanghai on the 25th (local time). It’s a […]
Electric Vehicle Price Wars: How Low Can They Go? The era of affordable, entry-level electric vehicles is comingSignificantly lower price for cost-effectivenessHow far will the electric vehicle competition go? The price war for electric vehicles is intensifying. Tesla is steadily lowering the price of Model Y, increasing its competitiveness through an aggressive pricing policy. In South Korea, the cost of Model Y, which was […]
Chinese Electric Car Invasion: Is BYD the New Tesla Threat? Rapidly Growing Chinese Electric Vehicle BrandsWhich Will Dominate in 10 Years? In the global electric vehicle market, another brand is gaining a significant presence along with Tesla: China’s BYD. This brand is penetrating the market with its affordable prices. Of course, other Chinese automakers also show a rapid growth rate each year. In 2023, while […]
Hyundai and Kia Address Car Theft Crisis with New Solutions Theft crimes targeting Hyundai and Kia have become a trend two years agoIt hasn’t still stopped “Kia Boys” became a trend in the United States two years ago. This new term refers to teenagers’ criminal activities targeting Hyundai and Kia’s weak security level. While the theft victims filed a class action lawsuit, Hyundai and Kia […]
British Automaker INEOS Under Fire for Electric SUV Resembling G-Wagon UK Automaker, INEOSNew model unveiled following GrenadierEye-catching design similar to the Mercedes G-Wagon UK’s INEOS Automotive has unveiled its electric SUV, the Fusilier. At first glance, it attracts attention as it resembles Land Rover Defender and Mercedes G-Wagon. It was officially unveiled on February 23, 2024, and full-scale production is scheduled to begin in 2027. […]
Can Chinese Automaker GWM Compete with Rolls-Royce? China's Great Wall Motors has announced the launch of a luxury sedan and released renderings. The new luxury line will be codenamed ZX and will compete with the likes of Hongqi, Maybach, and Rolls-Royce. The plagiarism controversy that has been brewing for some time is still to be resolved...
Sixteen Vehicles From Hyundai Motor Group Recognized by the U.S. IIHS as the 'Safest Cars' Hyundai Motor Group has proven its top safety in the United States. Hyundai Motor Group announced on the 28th that six models were selected for the “Top Safety Pick Plus (TSP+)” rating and ten models for the “Top Safety Pick (TSP)” rating in the crash test results announced by the Insurance Institute for Highway Safety […]
One Out of Ten Koreans Own Ripple Did you know that one out of ten Koreans owns Ripple (XRP), the world’s sixth-largest cryptocurrency? Ripple is accelerating its expansion in Korea based on the interest of Koreans. Josh Kim, a partner of Ripple, revealed in an interview with the Ripple-related community “Crypto Eri” on the 26th that “10% of the Korean population own […]
The World's Best-Selling Vehicle For 2023: Tesla Model Y Japanese market research company MarkLines has released the world’s best-selling vehicle ranking for 2023. According to the rankings, Tesla’s Model Y ranked 1st with 1,165,000 units, beating the Ford F Series with 878,000 units and the Toyota RAV4 with 868,000 units. Surprisingly, electric vehicles have surpassed internal combustion engine vehicles and hybrid vehicles in sales […]
Renault Scenic E-Tech Beats BMW·Kia·BYD With Its Win as Car of the Year at the Geneva Motor Show 2024 Renault Korea’s French parent company, Renault, has been recognized for its electric vehicle technology in Europe. The Scenic E-Tech, a Renault Scenic electric vehicle that was transformed from an internal combustion engine MPV into an SUV, was selected as the Car of the Year in Europe, beating out competing models such as the Kia EV9, […]
Is Bitcoin 'Hotter' than NVIDIA? Recently, the total market capitalization of cryptocurrency has surpassed 2 trillion dollars due to factors such as the significant rise in Bitcoin prices. This surpasses the market cap of NVIDIA, a rapidly rising stock that is capturing attention in the stock market. According to Yonhap News, as of 1:30 PM Eastern Time on the 27th, […]
HYBE Becomes the First Korean Entertainment Company to Cross 2 Trillion Won Annual Sales Threshold HYBE has become the first Korean entertainment company to reach a yearly consolidated sales of 2 trillion won. HYBE officially announced on the 26th that its annual consolidated revenue last year increased by 22.6% from the previous year, recording 2.1781 trillion won. Business profit rose by 24.9% from the previous year to 295.8 billion won, […]
Unity Software (U) Faces 19% Stock Plunge in After-Hours Trading Unity Software (U) saw its stock price plummet by 19% in after-hours trading on the 26th due to disappointing fourth-quarter performance and guidance. Unity Software’s fourth-quarter revenue was $609 million, a 35% increase from the previous year. Although it appears to have exceeded the consensus of $551 million, it was considered disappointing when considering the […]
OMEGA's Moonswatch Collection Sets Record at Sotheby's A suitcase edition from OMEGA, the Swiss luxury watch brand, has garnered significant attention at a Sotheby’s auction. OMEGA held an auction for the suitcase edition, which contained 11 Moonswatch Moonshine Gold models, at Sotheby’s online auction from February 12 to 24. This suitcase edition contained 11 OMEGA X Swatch “Mission to Moonshine Gold” watches. […]
Walton Family Sells $1.5 Billion in Walmart Stock Amid Record Highs Sam Walton, the largest shareholder of Walmart, has sold his shares as they rose. Bloomberg reported on the 26th that the Walton family had sold approximately $1.5 billion worth of Walmart shares as the company’s stock approached a record high last week. According to a report from the U.S. Securities and Exchange Commission (SEC), the […]
Vertiv Expands to Keep Pace with Nvidia Partnership and Growing Orders Vertiv (VRT), a provider of power and cooling solutions for data center server systems, is currently collaborating with NVIDIA. They are also expanding to meet the surge in orders. Shinhan Investment Securities analyst Ham Hyeong Do explained, “Cooling solutions provide technologies tailored to the characteristics of data centers, such as air cooling, DTC, and immersion […]
S-OIL Secures Top Spot Again: Named 'Most Admired Company' for 8th Consecutive Year [iNews24 reporter Goodyeon Choi]S-OIL has retained the top spot in the Korea Management Association Consulting (KMAC)'s '2024 Most Admired Companies in Korea' for the eighth consecutive year.S-OIL CEO Anwar Al Hijazi...
Buffett's Berkshire Hathaway Boasts All-Time High Cash Reserves: Nowhere to Invest? Berkshire Hathaway, the investment company of “Oracle of Omaha” Warren Buffett, recorded its all-time highest cash holdings, continuing its strong performance in the fourth quarter of last year. However, Buffett stated that the chances of achieving the same “eye-popping” results in the coming years are virtually nonexistent. According to the earnings report released by Berkshire […]
OpenAI Accuses NYT of Hacking in ChatGPT Lawsuit OpenAI has responded to the New York Times' allegations of hacking ChatGPT with red herrings and requested that the lawsuit be dismissed. The NYT did not respond, and OpenAI said it hopes for a constructive partnership...
Apple's Exit from EV Market Boosts Tesla, Eases Pressure on Competitors With Apple’s voluntary withdrawal from the electric vehicle market, there’s a sense of relief among existing electric vehicle manufacturers like Tesla. In the recent cooling down of the electric vehicle market, the departure of a big tech company that holds $61 billion in cash means a lot to these existing companies. On the 27th (local […]
China's BYD Reveals $230K Electric Supercar to Rival Ferrari Photo: BYD According to Bloomberg, Chinese auto manufacturer BYD unveiled a high-performance electric supercar worth 1.68 million yuan (about $230 thousand), capable of competing with supercar manufacturers like Ferrari and Lamborghini, on the 25th (local time). BYD unveiled the Yangwang U (Ultimate) 9 at an event in Shanghai on the 25th (local time). It’s a […]
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