Kia Sportage Sales Soar: Over 150,000 Units Sold in Europe Last Year 2024.02.16 Exceeded 150,000 units per year for the first timeImpact of hybrid model popularity to be released in 2021Kia “Expands the proportion and production capacity of eco-friendly vehicles in Europe” Kia set a new record last year by selling over 150,000 units of its compact SUV, the Sportage, in Europe. As the popularity of eco-friendly hybrids […]

Bitcoin Surges Above $52,000, Hits $1 Trillion Market Cap 2024.02.15 The current price of Bitcoin has exceeded about $52,000 (based on the Upbit exchange), pushing its market capitalization to over $1 trillion. According to the virtual asset (cryptocurrency) statistics site CoinGecko, at 9:50 AM on the 15th, Bitcoin was traded at $52,361.74, a 5.8% surge from the previous day’s average price on significant exchanges. Ethereum […]

Japan's Semiconductor Sales Soar as China Shifts Focus Amid US Sanctions 2024.02.15 Last year, the proportion of sales to China of Japanese semiconductor equipment manufacturers saw a drastic increase. This is interpreted as Japanese companies reaping indirect benefits as China, unable to import advanced process equipment due to US-led semiconductor export controls, focuses on developing legacy (old model, 28nm or above) semiconductors. According to Bloomberg on the […]

Uber Sees Significant Growth in Mobility and Delivery Demand, Exceeding Third-Quarter Expectations 2024.02.15 Uber’s quarterly results have exceeded consensus. Uber’s third-quarter Gross Bookings reached $37.6 billion, a 22% increase from the previous year, which aligns with the guidance of $36.5 billion to $37.5 billion in the last quarter. Adjusted EBITDA was $1.28 billion, a 93% increase from the previous year, exceeding the guidance of $1.18 billion to $1.24 […]

Amazon's Record Earnings in 2023 Propelled by Strong Fourth-Quarter Results 2024.02.15 Amazon (AMZN) recorded its highest annual performance last year, propelled by strong fourth-quarter results. Amazon’s net sales for the fourth quarter were $169.9 billion, a 13.9% increase from the previous year. The company’s operating profit also saw a significant surge of 382.6% to $13.2 billion in the prior year. In the fourth quarter, the company […]

Musk Brings Chinese Suppliers to Mexico to Avoid U.S. Restrictions 2024.02.15 According to a report by Bloomberg on the 14th (local time), Elon Musk, CEO of Tesla, is causing concerns for the U.S. government by inviting Chinese auto parts manufacturers to Mexico. According to the report, Musk is building a new Monterrey, Nuevo Leon, Mexico factory. At Musk’s request, many sources reported that Chinese auto parts […]

China's BYD Eyes Mexico for Electric Vehicle Production, Targets U.S. Market 2024.02.15 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 2024.02.15 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 2024.02.15 "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 2024.02.15 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 2024.02.14 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 2024.02.14 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 2024.02.14 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 2024.02.14 [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 2024.02.14 [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 2024.02.14 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 2024.02.14 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 2024.02.13 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 2024.02.13 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 2024.02.13 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 […]

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