China's BYD Eyes Mexico for Electric Vehicle Production, Targets U.S. Market China’s BYD is continuing to expand its presence in the international market. Although the overseas sales ratio was only 8% in 2023, it is expected to significantly expand its export market and local production from this year. The CEO of BYD Japan, Zhou Zhou, revealed in an interview with the Nihon Keizai Shimbun that he […]
Samsung Galaxy S24 Tops iPhone in Early Customer Satisfaction: A First for Samsung For the first time, Samsung Electronics’ Galaxy S24 series surpassed the initial satisfaction rate of the latest iPhone. The Galaxy S24 series is receiving the highest rating among all series released after the S20. According to the IT product comparison platform PerfectRec on the 14th, 91% of buyers gave the highest rating in the satisfaction […]
Musk's Concerns Grow: BYD's Rise Threatens Electric Car Market Dominance "Without trade barriers, Villardi will almost destroy all other electric car makers." This is what Elon Musk, CEO of US electric car company Tesla, said in January about Chinese rival BYD...
Bitcoin Breaks $1 Trillion Market Cap Barrier: Impact of Chinese New Year and Halving As the price of Bitcoin continues to rise, its market capitalization has surpassed 1 trillion dollars. On the 14th (local time), CNBC reported that citing data from CoinMetrics, the price of Bitcoin increased by 4%, recording $51,789.58, and the market cap exceeded 1 trillion dollars for the first time since the end of 2021. This […]
Bitcoin Tops $50,000 for First Time in Over 2 Years on Spot ETF Impact The price of Bitcoin has surpassed $50,000 for the first time in 26 months. This results from the ongoing purchase trend that followed the approval of the Bitcoin exchange-traded fund (ETF). According to the global coin market relay site CoinMarketCap, on the 13th, Bitcoin was traded at $51,176 each as of 6 a.m., recording a […]
European Commission Approves Korean Air-Asiana Merger with Conditions Attached The European Union (EU) Competition Authority (EC) has conditionally approved the merger of Korean Air and Asiana Airlines. With this, the merger has been approved in 13 out of 14 countries, leaving the United States as the lone exception. Late in the afternoon of the 13th, the EC posted on its website that it conditionally […]
South Korea's Shipbuilding Industry Faces Headwinds as China Surges Ahead Korea’s backlog of ship orders is 38.69 million CGT, a decrease of 850,000 CGT from the previous month In the first month of the new year, global ship orders were sluggish compared to last year, with Korea falling slightly short of China. According to Clarkson Research, a UK-based shipbuilding and shipping market research firm, the […]
U.S. Warns Companies Over Misleading Green Marketing [TheGuru=SungHwan Hong] US competition authorities are stepping up crackdowns on fake green marketing, requiring caution from Korean companies seeking to enter the local market.
U.S. Unveils Groundbreaking AI Safety Consortium with OpenAI, Google, Microsoft [iNews24 Reporter Park Jin-young] The 'Artificial Intelligence Safety Institute Consortium (AISIC)', a public-private partnership to develop safe and reliable artificial intelligence (AI), has been established in the United States.
Mexico's Fintech Boom: A Billion-Dollar Industry Set to Skyrocket The fintech industry in Mexico is growing rapidly. As the nation passed the first fintech regulations in Latin America, the overall industry conditions have improved, and consumer interest in fintech is also increasing. Consequently, the potential for future growth is considered limitless. According to global market research institution Statista, as of 2022, Mexico’s fintech transactions […]
Chinese EV Giant BYD Stuns Tesla with Unprecedented Fuel Efficiency Chinese electric vehicle company BYDDebut of the Seal 06 PHEVBegins a significant expansion of its lineup The total number of electric vehicles registered last year was 14.06 million, a 33.4% increase from the previous year. In particular, Chinese electric vehicle company BYD sold 2.88 million units, one million more than the last year, boasting an […]
China, Indonesia's Nickel Cuts: A Bid to Boost Prices Amid Oversupply Nickel prices plunge about 40% from a year ago "China-Indonesia NPIs cause oversupply" China and Indonesia are set to cut nickel production this year to counter falling prices, Reuters reported on Dec. 12...
South Korean Entrepreneurs Tap into U.S. Telemedicine Surge Medical market revitalized as the regulations related to the COVID-19 pandemic easedLG Electronics To Provide a non-face-to-face Telemedicine Solution In Partnership With Amwell In The U.S The United States is emerging as a promising market for telemedicine. As regulations related to telemedicine have been relaxed in the wake of the COVID-19 pandemic, increased demands are […]
Red Flags for Hyundai-Toyota: Shell's Hydrogen Station Closures Signal Trouble Ahead Withdrawal of the project to purchase the site of the hydrogen stationReducing working hours at charging stations currently in operation Global energy company Shell has permanently closed some of its hydrogen fueling stations in the United States. As part of its efforts to improve performance last year, the company has been downsizing its hydrogen business […]
IONNA by Hyundai, Mercedes, BMW, and More Hits the Road Obtained regulatory approval within half a year after establishment in July last yearThe goal is to construct more than 30,000 stations in North AmericaThe first charging station to open in the U.S. within the year The joint venture IONNA, established by seven automakers, including Hyundai Motor Group, BMW, and Mercedes-Benz, has launched. The company plans […]
Kia Pulls the Plug on K5 Sales in Canada Amid Declining Demand Last year, sales of 874 units decreased by 6.43% compared to the previous yearSales volume is significantly lower than local competitors in the same segment Kia is ceasing the sale of the mid-sized sedan K5 in the Canadian market. This decision is attributed to the rapidly declining local demand, which has reduced annual sales volume. […]
Big Bucks for Middle East Tech: Saudi-China Venture Fund Hits $1.1 Billion Mark Chinese VC MSA Capital Plans to Raise 1.3 Trillion FundsSaudi Arabia – China Expand Economic Cooperation A Chinese venture capital (VC) firm, backed by the Saudi Arabian Wealth Fund, is set to create a venture fund with a capital of about $1.1 billion to invest in Middle Eastern startups. This is expected to be the […]
AI Takes Center Stage in Drug Development Race: Big Pharma Joins the Fray This year’s keyword is “AI”Big Tech and Big Pharma participate in development competitions one after anotherIt is expected to grow to 5.3 trillion won in 2027South Korean companies also compete for dominance Developing new drugs using artificial intelligence (AI) is emerging as a hot topic in the pharmaceutical and biotech industries. As global big techs […]
China's Luxury Car Market Hit Hard: Bentley, Lamborghini, and Porsche Sales Slump Last year, Bentley, Lamborghini, and Porsche sales plummeted by double digits compared to the previous year. Last year, sales of luxury car brands like Bentley in China dropped by double digits. As the economic downturn continued, local brands rushed to target the local new energy vehicle (NEV) market, leading to a sharp decline in the […]
Tesla's Game-Changing Move - 'Made in China' Model 3 Shakes Up South Korea Tesla is bringing a facelifted Model 3 to China, its midsize electric sedan. Tesla has been cutting prices globally to increase its share of the electric vehicle market. Tesla has also cut prices in the domestic electric car market. Tesla's Model Y is one such model...
China's BYD Eyes Mexico for Electric Vehicle Production, Targets U.S. Market China’s BYD is continuing to expand its presence in the international market. Although the overseas sales ratio was only 8% in 2023, it is expected to significantly expand its export market and local production from this year. The CEO of BYD Japan, Zhou Zhou, revealed in an interview with the Nihon Keizai Shimbun that he […]
Samsung Galaxy S24 Tops iPhone in Early Customer Satisfaction: A First for Samsung For the first time, Samsung Electronics’ Galaxy S24 series surpassed the initial satisfaction rate of the latest iPhone. The Galaxy S24 series is receiving the highest rating among all series released after the S20. According to the IT product comparison platform PerfectRec on the 14th, 91% of buyers gave the highest rating in the satisfaction […]
Musk's Concerns Grow: BYD's Rise Threatens Electric Car Market Dominance "Without trade barriers, Villardi will almost destroy all other electric car makers." This is what Elon Musk, CEO of US electric car company Tesla, said in January about Chinese rival BYD...
Bitcoin Breaks $1 Trillion Market Cap Barrier: Impact of Chinese New Year and Halving As the price of Bitcoin continues to rise, its market capitalization has surpassed 1 trillion dollars. On the 14th (local time), CNBC reported that citing data from CoinMetrics, the price of Bitcoin increased by 4%, recording $51,789.58, and the market cap exceeded 1 trillion dollars for the first time since the end of 2021. This […]
Bitcoin Tops $50,000 for First Time in Over 2 Years on Spot ETF Impact The price of Bitcoin has surpassed $50,000 for the first time in 26 months. This results from the ongoing purchase trend that followed the approval of the Bitcoin exchange-traded fund (ETF). According to the global coin market relay site CoinMarketCap, on the 13th, Bitcoin was traded at $51,176 each as of 6 a.m., recording a […]
European Commission Approves Korean Air-Asiana Merger with Conditions Attached The European Union (EU) Competition Authority (EC) has conditionally approved the merger of Korean Air and Asiana Airlines. With this, the merger has been approved in 13 out of 14 countries, leaving the United States as the lone exception. Late in the afternoon of the 13th, the EC posted on its website that it conditionally […]
South Korea's Shipbuilding Industry Faces Headwinds as China Surges Ahead Korea’s backlog of ship orders is 38.69 million CGT, a decrease of 850,000 CGT from the previous month In the first month of the new year, global ship orders were sluggish compared to last year, with Korea falling slightly short of China. According to Clarkson Research, a UK-based shipbuilding and shipping market research firm, the […]
U.S. Warns Companies Over Misleading Green Marketing [TheGuru=SungHwan Hong] US competition authorities are stepping up crackdowns on fake green marketing, requiring caution from Korean companies seeking to enter the local market.
U.S. Unveils Groundbreaking AI Safety Consortium with OpenAI, Google, Microsoft [iNews24 Reporter Park Jin-young] The 'Artificial Intelligence Safety Institute Consortium (AISIC)', a public-private partnership to develop safe and reliable artificial intelligence (AI), has been established in the United States.
Mexico's Fintech Boom: A Billion-Dollar Industry Set to Skyrocket The fintech industry in Mexico is growing rapidly. As the nation passed the first fintech regulations in Latin America, the overall industry conditions have improved, and consumer interest in fintech is also increasing. Consequently, the potential for future growth is considered limitless. According to global market research institution Statista, as of 2022, Mexico’s fintech transactions […]
Chinese EV Giant BYD Stuns Tesla with Unprecedented Fuel Efficiency Chinese electric vehicle company BYDDebut of the Seal 06 PHEVBegins a significant expansion of its lineup The total number of electric vehicles registered last year was 14.06 million, a 33.4% increase from the previous year. In particular, Chinese electric vehicle company BYD sold 2.88 million units, one million more than the last year, boasting an […]
China, Indonesia's Nickel Cuts: A Bid to Boost Prices Amid Oversupply Nickel prices plunge about 40% from a year ago "China-Indonesia NPIs cause oversupply" China and Indonesia are set to cut nickel production this year to counter falling prices, Reuters reported on Dec. 12...
South Korean Entrepreneurs Tap into U.S. Telemedicine Surge Medical market revitalized as the regulations related to the COVID-19 pandemic easedLG Electronics To Provide a non-face-to-face Telemedicine Solution In Partnership With Amwell In The U.S The United States is emerging as a promising market for telemedicine. As regulations related to telemedicine have been relaxed in the wake of the COVID-19 pandemic, increased demands are […]
Red Flags for Hyundai-Toyota: Shell's Hydrogen Station Closures Signal Trouble Ahead Withdrawal of the project to purchase the site of the hydrogen stationReducing working hours at charging stations currently in operation Global energy company Shell has permanently closed some of its hydrogen fueling stations in the United States. As part of its efforts to improve performance last year, the company has been downsizing its hydrogen business […]
IONNA by Hyundai, Mercedes, BMW, and More Hits the Road Obtained regulatory approval within half a year after establishment in July last yearThe goal is to construct more than 30,000 stations in North AmericaThe first charging station to open in the U.S. within the year The joint venture IONNA, established by seven automakers, including Hyundai Motor Group, BMW, and Mercedes-Benz, has launched. The company plans […]
Kia Pulls the Plug on K5 Sales in Canada Amid Declining Demand Last year, sales of 874 units decreased by 6.43% compared to the previous yearSales volume is significantly lower than local competitors in the same segment Kia is ceasing the sale of the mid-sized sedan K5 in the Canadian market. This decision is attributed to the rapidly declining local demand, which has reduced annual sales volume. […]
Big Bucks for Middle East Tech: Saudi-China Venture Fund Hits $1.1 Billion Mark Chinese VC MSA Capital Plans to Raise 1.3 Trillion FundsSaudi Arabia – China Expand Economic Cooperation A Chinese venture capital (VC) firm, backed by the Saudi Arabian Wealth Fund, is set to create a venture fund with a capital of about $1.1 billion to invest in Middle Eastern startups. This is expected to be the […]
AI Takes Center Stage in Drug Development Race: Big Pharma Joins the Fray This year’s keyword is “AI”Big Tech and Big Pharma participate in development competitions one after anotherIt is expected to grow to 5.3 trillion won in 2027South Korean companies also compete for dominance Developing new drugs using artificial intelligence (AI) is emerging as a hot topic in the pharmaceutical and biotech industries. As global big techs […]
China's Luxury Car Market Hit Hard: Bentley, Lamborghini, and Porsche Sales Slump Last year, Bentley, Lamborghini, and Porsche sales plummeted by double digits compared to the previous year. Last year, sales of luxury car brands like Bentley in China dropped by double digits. As the economic downturn continued, local brands rushed to target the local new energy vehicle (NEV) market, leading to a sharp decline in the […]
Tesla's Game-Changing Move - 'Made in China' Model 3 Shakes Up South Korea Tesla is bringing a facelifted Model 3 to China, its midsize electric sedan. Tesla has been cutting prices globally to increase its share of the electric vehicle market. Tesla has also cut prices in the domestic electric car market. Tesla's Model Y is one such model...
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