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BUSINESS

  • Chinese and Korean EV Makers Look to Mexico as a 'Sanctions Evasion' Hub for U.S. Market Chinese car manufacturers explore Mexico as a hub to indirectly penetrate the U.S. electric vehicle market and evade sanctions.
  • U.S.-China Trade Dispute Fades as Chinese Tech Firms Shine at CES 2024 Chinese companies return to CES 2024, aiming to analyze and consult on innovative technologies and services, despite previous challenges.
  • Not-So-Bright Future for Tesla in 2024, According to Wall Street Analysts Analysts caution on Tesla's outlook as some models may lose government subsidies by 2024, adding to potential earnings pressure.
  • Xiaomi's Road to EV Domination Begins with the SU7 Sedan Debut Xiaomi unveils its first electric car, the SU7, with advanced features, aiming to compete with Porsche and Tesla.
  • '2024 is the Best Year to Buy a Car in the U.S.' Says Cox Automotive The U.S. car market is set to recover to pre-Covid levels by 2024, with better supply, lower prices, and reduced interest rates.
  • Disappointing 2023 for GM's EVs, Share Slips to 3.1% Q4 GM's Q4 2023 electric vehicle (EV) sales in the U.S. make up just 3.1% of total sales, falling short of expectations.
  • Audi's U.S. Sales Soar: Electric Cars Lead the Charge with 55% Rise Audi reports a 22% increase in 2023 U.S. car sales, with 25,000 units of battery electric vehicles, indicating a growing market.
  • China's Rising Semiconductor Industry Puts Pressure on Korea Amid US Restrictions China's growing semiconductor self-sufficiency challenges U.S. sanctions, causing concerns for South Korean companies dependent on the market.
  • 10 Hottest Startup Ideas with ChatGPT in 2024 Use ChatGPT for interactive marketing, mental health support, education, HR help, multilingual customer service, and innovative solutions.
  • Samsung's New Hires Receive $8,500 Bonus and Golden Business Cards Samsung Electronics' DS division rewards top-performing new hires with a 10 million won bonus as an encouragement.
  • Elon Musk Tops Global Top 500 Billionaire List, Where Does Samsung Chairman Lee Jae Young Rank? Samsung Chairman Lee Jae-yong returned home from a visit to the Netherlands, and the net worth of the world's 500 richest people totaled $1.5 trillion, an increase of 48%, the largest increase this year. Elon Musk regained the top spot as the richest man in the world, while Samsung Chairman Lee Jae-yong came in at No. 228 on the list...
  • Bitcoin Halving 2024: Price Expected to Soar Beyond $60,000 Experts predict that Bitcoin will surge in price during its halving year, with some forecasts ranging from $60,000 to as high as $500,000.
  • X's Value Drops Over 70% After Musk's Acquisition: Bankruptcy Risk Looms Elon Musk's social media platform, X (formerly Twitter), has reportedly lost over 70% of its value in a year, raising bankruptcy concerns.
  • China's Economic Dominance Faces Challenges: What Lies Ahead? China's economic dominance narrative falters as forecasts push back surpassing the U.S. to 2037, raising concerns.
  • Can Biden Bounce Back? U.S. Economy and 2024 Election Prospects South Korean analysts expect U.S. economy's global growth leadership with positive impact; uncertainty lingers due to U.S.-China tensions.
  • Authorities Seize 68.8 Billion Won Worth of Fake Watches Smuggled from China Korea Customs Service seized more than 370,000 items, including counterfeit luxury watches made in China, worth KRW 68.8 billion during a crackdown on overseas direct sales. The agency also deleted and modified more than 43,000 posts related to the sale of illegally imported goods and suspended more than 400 user accounts...
  • Apple Watch Temporarily Cleared for Sale in the US as Court Rules The U.S. Federal Circuit Court of Appeals temporarily suspends Apple Watch import ban amid patent dispute with Masimo.
  • Trump Plans 10% Tariff Hike on All Imports Hinting at 'Trade War Season 2 Former U.S. President Donald Trump, who is running for re-election next year, plans to raise tariffs on all foreign imports, including those from allies, by 10 percent if he wins. If realized, the plan could spark a global trade war by spreading protectionism, including retaliatory tariffs by other countries...
  • U.S. Import Ban Hits Apple Watch: Samsung Eyes Smartwatch Market U.S. upholds Apple Watch import ban, granting Samsung an unexpected opportunity in the competitive smartwatch market.
  • Sam Altman Invests in 125 Startups: Is He the Next Elon Musk? OpenAI's CEO, Sam Altman, invested $550 million in 125 startups, focusing on energy, biotech, and cutting-edge technology fields.
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