Hyundai's IPO Move: Banking on India's Auto Boom to Replace China and Russia 2024.02.07 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 2024.02.07 [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 2024.02.07 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 2024.02.07 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 2024.02.07 [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 2024.02.06 [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...

China Sustains Electric Vehicle Sales Growth Even in January 2024.02.06 In China, sales of electric vehicles have continued to grow this year. Deliveries increased in January, a month when demand is typically low, and the first quarter is usually characterized by weak sales in January and February, especially during the Chinese New Year....

Chinese Investors Go Big on U.S. Stocks – NASDAQ ETFs Surge 20% 2024.02.06 Amid the U.S. stock market consistently hitting record highs, Chinese investors are showing a heated interest in the U.S. stock market and NASDAQ ETFs (Exchange Traded Funds) listed on the Chinese stock market, with investment premiums reaching up to the maximum of 20%. On the 5th, Chinese economic media Xinlang Caijing reported, “The recent enthusiasm […]

China Predicts Global Electric Vehicle Sales to Reach 20 Million Units in 2024 2024.02.06 China EV100, a think tank for the Chinese electric vehicle industry, has predicted that global electric vehicle sales will exceed 20 million units in 2024...

82.4% of South Korean Employees Receive Pay Raises as 'Notifications,' Not 'Negotiations' 2024.02.06 [iNews24 reporter Kim Dong-hyun] More than 8 out of 10 workers received their annual salary as a 'notification' rather than a 'negotiation'...

Chinese Regulators Clamp Down on Trading Amid Stock Market Decline 2024.02.06 Some brokerages impose cap on cross-border TRS trading Some quant hedge funds ban sell orders altogether Investors complain↑...spurred by announcement of stock market stabilization fund Chinese financial authorities are tightening trading restrictions on domestic and foreign institutional investors as part of measures to stem a stock market slide, according to people familiar with the matter.

China Pours $161 Billion into Clean Energy – A Solar and Wind Power Revolution 2024.02.06 [TheGuru=Sunghwan Hong] China's investment in renewable energy, including solar and wind power, reached 190 trillion won last year, according to a new report...

Why Warren Buffett Loves Low-Cost S&P 500 ETFs: The Inside Scoop 2024.02.06 The Motley Fool, a leading U.S. investment publication, quoted investment guru Warren Buffett as saying why you should invest in a low-cost S&P 500 Index ETF...

CEO Mark Zuckerberg Surpasses Microsoft Founder Bill Gates to Become the 4th Wealthiest Person 2024.02.06 Facebook CEO Mark Zuckerberg's net worth soared as Facebook parent company MetaPlatform's stock price rose. Meta shares rose 20.32 percent to close at about 635,774 won, giving the company a market capitalization of 267 trillion won...

Bezos vs. Musk: Amazon CEO's Share Sell-Off Sparks Race for Richest Person 2024.02.05 At current prices, Musk would be worth $12 trillion if he disposed of his stake Amazon and Tesla stocks share the same rarefied air Jeff Bezos, the founder of Amazon, plans to sell 50 million shares of Amazon stock within a year...

1,500 Animals Reportedly Killed in Elon Musk's Neuralink Lab 2024.02.05 Pager, a 9-year-old monkey with a computer chip implanted in his brain, plays a game of Pong. The video, released in April 2021, shows the monkey moving objects in the game without a joystick, using only brainwave movements. The monitor in the bottom left shows the monkey's brainwave activity...

Elon Musk Accused of Hosting a Drug Party 2024.02.05 Tesla CEO Elon Musk is accused of taking drugs. Former and current directors claim they were forced to take drugs under pressure from Musk, and did not disclose the allegations to ease his burden.

Security Concerns Drive U.S. Debate on Regulating Chinese Electric Cars 2024.02.05 The U.S. government has hinted at possible regulations on Chinese-made electric vehicles, citing 'security risks'. After the European Union (EU) investigated subsidies for Chinese electric vehicles last year, the U.S. is also moving to regulate Chinese electric vehicles...

Elderlies Taking Over the Market 2024.02.05 CEOs Older Than Biden Corporate stocks underperform S&P500 Investors 55 and older,.

Metaverse Menace: The Alarming Surge in Virtual World Harassment 2024.02.05 Interpol and U.S. police begin to recognize the risks "Criminalize" vs. "Lack of research and caution" Reports of attacks, harassment, and sexual assault in the metaverse are on the rise. Some are arguing that these incidents should be considered serious crimes...

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