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BUSINESS

  • Samsung Electronics Ranks 45th in Fortune's 'World's Most Admired Companies' Only domestic companies included in the top 50 Apple tops the list for the 17th consecutive year Samsung Electronics has been ranked 45th in the “World’s Most Admired Companies” list selected by the prestigious American business magazine Fortune. According to the economic industry, on the 8th, Samsung Electronics scored an overall score of 7.56 points and […]
  • Hyundai, Kia, and Genesis Dominate 2024 Best Car Awards Global Auto News Hyundai Motor Group has won the '2024 Best Cars Awards' in three categories, according to the leading U.S. automotive evaluation website 'cars...
  • Hyundai-Kia Engine Fire Recall: US Authorities Conclude Investigation [TheGuru=Yoon Jinwoong] Uncertainty over Hyundai-Kia's massive recall in the United States has been resolved. Local transportation authorities have closed an engine fire risk investigation. However, the agency's investigation into a recall related to leaking brake fluid is still open...
  • Huawei Bounces Back: Regains Top Spot in China Amidst U.S. Sanctions AsiaToday Beijing Correspondent Hong Soondo = China's largest telecommunications equipment maker Huawei, which had been battered by U.S. sanctions on its semiconductors, is showing its mettle with a series of impressive results...
  • Mexico Becomes Largest U.S. Importer; China Imports Drop by 20.3% In the wake of the U.S.-China trade dispute, the U.S. shifted from China to Mexico as its largest importer last year. The amount of Chinese imports also fell 20.3% year-on-year...
  • Trump's Remarks on U.S. Steel Deal Puzzle Japan Steel Executives While former President Donald Trump has emphasized that he would block the sale of Nippon Steel to the United States if he wins the U.S. presidential election, Nippon Steel has said it is moving ahead with the acquisition. The two countries need to find common ground with unions to prevent political moves...
  • Toyota Invests $1.3 Billion for Electric Vehicle Production at Kentucky Plant Toyota Motor Corp. has announced a $1.3 billion investment in its Kentucky plant to produce electric vehicles, including a three-row electric SUV for the U.S. market.
  • BYD Determined to Release New Type of Smart Driving Technology China's BYD will launch new smart driving technology next March, cnevpost reported on February 6, 2024. The first BYD city pilot-assisted driving feature will be available on March 30, the outlet said...
  • Huawei Regains Top Spot in Chinese Smartphone Market [iNews24 Reporter Ahn Se-joon] Chinese telecommunications equipment and mobile phone manufacturer Huawei has regained the top spot in the Chinese smartphone market. Last year, Apple held the top spot in China's smartphone market.Huawei logo.
  • Gap (GPS.N) Appoints American Fashion Designer Jack McCollough as Creative Director [AlphaEconomy=(Chicago) Paul Lee Correspondent] Gap, a leading U.S. healthcare company brand, has appointed U.S. fashion designer Zac Posen as creative director...
  • Sohn Jung-ui Faces Bankruptcy of $1.26 Billion Investment Company InVite, a company backed by Japan's SoftBank Chairman Masayoshi Son, is preparing to file for bankruptcy. The company was highly popular, but has recently declined and is considering bankruptcy to resolve its debts. This is reminiscent of the bankruptcy of competitor 23andMe.
  • Game Company Spoils Employees with Cleaning Services and More! Pearl Abyss, a game company, provides cleaning services to single-person householdsThe average annual salary is about $82,000 The radical benefits of domestic game companies are being highlighted. They even provide cleaning services for employees living alone. According to the industry, Pearl Abyss decided to provide a monthly house cleaning service to single-person households through an […]
  • NVIDIA Stock Surges 44%: Should You Invest Now? Artificial intelligence (AI) semiconductor giant Nvidia's stock price is soaring. On the New York Stock Exchange, Nvidia's stock price closed at $693.32, up 4.79% from the previous trading day.
  • US Tech Companies Surge as Chinese Counterparts Struggle AsiaToday Washington Correspondent Harmanjoo Hamanjoo = The concentration of global funds in the United States is deepening to its highest level in 20 years, while outflows from China are heading to India, according to a new survey...
  • Hyundai's IPO Move: Banking on India's Auto Boom to Replace China and Russia World’s 3rd largest auto market with steep growth trendLarge-scale funding is required to secure a leading positionAn additional 1 trillion won for hydrogen and electric vehicle ecosystemIPO fund will be used to execute investments Hyundai Motor Company (Hyundai) is planning an initial public offering (IPO) of its Indian subsidiary to meet the surging demand for […]
  • South Korea Urged to Reduce China Dependency for Mineral Partnerships with Europe [TheGuru=Oh So-young] South Korea needs to reduce its dependence on China if it wants to strengthen mineral partnerships with Europe, including Ukraine, according to an argument. This is because Europe is also concerned about China's growing dominance in the battery minerals market...
  • China's Push for Solid-State Batteries: Plans to Revolutionize Energy Storage by 2025 China already has 10 GWh of all-solid-state battery capacity and plans for more than 128 GWh of capacity around 2025 in the medium term, cnevpost reported Jan. 26, 2024, citing a CITIC Securities analyst research note...
  • BlackRock's Bullish Bet: AI-Driven Tech Stocks to Fuel U.S. Stock Market Rally BlackRock, the world’s largest asset management company, predicts that the U.S. stock market will continue to rally this year, driven by artificial intelligence (AI). The analysis suggests that tech stocks will yield high returns due to expectations of easing inflation and interest rate cuts. According to the U.S. investment specialist media, Market Watch, on the […]
  • US Accelerates Rare Earth Industry Growth to Counter China [TheGuru=Eung-Yong Jung] The United States is expected to accelerate the development of its own rare earth industry. With the value of rare earths increasingly high in various industries, the intention is to reduce the dependence on China for rare earths...
  • Adani Group: Plans to Build World's Largest Copper Factory in India [TheGuru=Eung-Yong Jung] India's largest conglomerate, the Adani Group, is building the world's largest copper plant. It is expected to reduce India's dependence on copper imports and contribute to the country's energy transition goals...
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