IONNA by Hyundai, Mercedes, BMW, and More Hits the Road 2024.02.13 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 2024.02.13 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 2024.02.13 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 2024.02.13 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 2024.02.13 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 2024.02.09 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...

Samsung Electronics Ranks 45th in Fortune's 'World's Most Admired Companies' 2024.02.09 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 2024.02.09 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 2024.02.08 [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 2024.02.08 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% 2024.02.08 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 2024.02.08 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 2024.02.07 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 2024.02.07 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 2024.02.07 [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 2024.02.07 [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 2024.02.07 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! 2024.02.07 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? 2024.02.07 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 2024.02.07 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...

BUSINESS

Must-Reads

Hot Topics

Popular Now