Microsoft's $2.1 Billion Investment Spurs AI Growth in SpainMicrosoft, a giant software company in the United States, is investing in Spain for AI expansion following Germany. Bradford L. Smith, Vice Chairman and President of Microsoft, posted on social media on the 19th (local time) that they are investing $2.1 billion to expand AI and cloud infrastructure in Spain. Microsoft’s investment in Spain comes […]
U.S. Allies Gear Up Against China's Trade Offensive in Electric Vehicles US expresses concern over China's dumping attempts. Respond with allies and build a public 'battery united front'. Opportunities for Korean companies. Strategies to combat Chinese overcapacity and low processing taxes. U.S., EU pressure China's EV industry. China's overcapacity could hurt global markets...
Adobe (ADBE) Faces Tough Competition as OpenAI's Sora Enters Video AI MarketAccording to an analysis, Adobe (ADBE), a company that sells software for creating and editing content such as graphics, text, and video, faces concerns about intensifying competition after the unveiling of Open AI’s video AI Sora. Adobe’s stock price fell 7.4% on the 16th (local time). This is interpreted as a result of heightened competition […]
Investors Eye 'Sora': OpenAI's Breakthrough Technology Ignites Stock MarketThe era of true multimodal AI has begun The importance of multimodal AI is increasingly recognized in the global artificial intelligence (AI) market. Open AI / Ascannio-shutterstock.com Global AI companies like OpenAI and Google are accelerating their competition to secure multimodal AI technology that can comprehensively analyze and understand complex data such as images, […]
China's BYD Aims for Luxury Electric Car Market Domination, Eyes TeslaPlans to Launch Various Luxury Models This YearPursuing Brand Value EnhancementDomestic Slowdown Leads to Overseas Strategy, Targeting 400,000 ExportsGlobal Competitors on Edge: “Demise without Trade Barriers” Following its achievement as the world’s top seller of electric cars last year, China’s BYD is setting its sights on the luxury car market this year. According to Bloomberg […]
Apple Set to Release Foldable Phone in September 2026, Expects 5 Million Units Sold [AlphaEconomy=Jee Sun Kim, Correspondent] Apple has finalized the timing of its foldable phone sales.Apple has also confirmed that it has reorganized its workforce to develop the foldable phone...
Volkswagen Announces $1 Billion Investment in Mexico for EV Business ExpansionThe Volkswagen Group is making a split investment in its Mexican plant complex. The Mexican division of the Volkswagen Group announced on the 17th (local time) that it will invest about $1 billion in a second split investment to activate its electric vehicle (EV) business at its existing business site in central Mexico. The investment […]
Trump Logo Out, Values In: Real Estate Resurgence Unveiled - Exploring the Impact on Property Prices The value of former President Trump's buildings has declined since his election. Buildings that have removed the Trump logo have increased in value, while Trump-branded condominiums in Manhattan have fallen 23% in 10 years...
Fisker Faces Delisting Threat from NYSE as Stock Stays Below $1Electric vehicle startup Fisker faces the risk of delisting from the New York Stock Exchange (NYSE). On the 17th (local time), Reuters reported that Fisker had received a delinquency notice from the NYSE because its stock had closed below $1 for 30 consecutive trading days. Fisker stated that this non-compliance notice is the most recent […]
South Korea-Cuba Diplomatic Relations: Presidential Office Highlights Economic, Cultural, and Consular BenefitsThe Presidential Office anticipates that establishing diplomatic relations with Cuba will lay the groundwork for economic cooperation, including the expansion of trade, entry of South Korean companies, and securing a supply chain for minerals such as nickel. In particular, it is expected that the opening of an embassy will significantly help ensure the safety of […]
Crypto Surge: Bitcoin Rockets to $52,000—Is Now the Time to Invest?The price of Bitcoin has soared, breaking through $52,000. As of 7:23 PM on the 15th, according to CoinMarketCap, the price of Bitcoin is $52,284.26, up 1.94% from 24 hours ago. It’s also strong in South Korea. Currently, Bitcoin is trading at $53,483.99 on the virtual asset exchange UPbit and has surpassed $53,000 at $53,450.67 […]
Bitcoin Surges Above $52,000, Hits $1 Trillion Market CapThe 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 […]
Uber Sees Significant Growth in Mobility and Delivery Demand, Exceeding Third-Quarter ExpectationsUber’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 ResultsAmazon (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. RestrictionsAccording 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 […]
Bitcoin Tops $50,000 for First Time in Over 2 Years on Spot ETF ImpactThe 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 […]
China to Remain 'The World's Factory' Despite Challenges: Decoupling China - Pessimism vs. OptimismDespite U.S. Restraints, China Remains the World’s Top ExporterChina Increases Investments and Exports to U.S. AlliesNo Manufacturing Superpower to Replace China YetJP Morgan: “China is not an Uninvestable Country” Despite economic uncertainties and U.S. restraints, China is expected to maintain its status as the “factory of the world.” Business Insider, a U.S. business news outlet, […]
European Commission Approves Korean Air-Asiana Merger with Conditions AttachedThe 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 […]
Mexico's Fintech Boom: A Billion-Dollar Industry Set to SkyrocketThe 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 […]
Kia Pulls the Plug on K5 Sales in Canada Amid Declining DemandLast 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. […]
Microsoft's $2.1 Billion Investment Spurs AI Growth in Spain Microsoft, a giant software company in the United States, is investing in Spain for AI expansion following Germany. Bradford L. Smith, Vice Chairman and President of Microsoft, posted on social media on the 19th (local time) that they are investing $2.1 billion to expand AI and cloud infrastructure in Spain. Microsoft’s investment in Spain comes […]
U.S. Allies Gear Up Against China's Trade Offensive in Electric Vehicles US expresses concern over China's dumping attempts. Respond with allies and build a public 'battery united front'. Opportunities for Korean companies. Strategies to combat Chinese overcapacity and low processing taxes. U.S., EU pressure China's EV industry. China's overcapacity could hurt global markets...
Adobe (ADBE) Faces Tough Competition as OpenAI's Sora Enters Video AI Market According to an analysis, Adobe (ADBE), a company that sells software for creating and editing content such as graphics, text, and video, faces concerns about intensifying competition after the unveiling of Open AI’s video AI Sora. Adobe’s stock price fell 7.4% on the 16th (local time). This is interpreted as a result of heightened competition […]
Investors Eye 'Sora': OpenAI's Breakthrough Technology Ignites Stock Market The era of true multimodal AI has begun The importance of multimodal AI is increasingly recognized in the global artificial intelligence (AI) market. Open AI / Ascannio-shutterstock.com Global AI companies like OpenAI and Google are accelerating their competition to secure multimodal AI technology that can comprehensively analyze and understand complex data such as images, […]
China's BYD Aims for Luxury Electric Car Market Domination, Eyes Tesla Plans to Launch Various Luxury Models This YearPursuing Brand Value EnhancementDomestic Slowdown Leads to Overseas Strategy, Targeting 400,000 ExportsGlobal Competitors on Edge: “Demise without Trade Barriers” Following its achievement as the world’s top seller of electric cars last year, China’s BYD is setting its sights on the luxury car market this year. According to Bloomberg […]
Apple Set to Release Foldable Phone in September 2026, Expects 5 Million Units Sold [AlphaEconomy=Jee Sun Kim, Correspondent] Apple has finalized the timing of its foldable phone sales.Apple has also confirmed that it has reorganized its workforce to develop the foldable phone...
Volkswagen Announces $1 Billion Investment in Mexico for EV Business Expansion The Volkswagen Group is making a split investment in its Mexican plant complex. The Mexican division of the Volkswagen Group announced on the 17th (local time) that it will invest about $1 billion in a second split investment to activate its electric vehicle (EV) business at its existing business site in central Mexico. The investment […]
Trump Logo Out, Values In: Real Estate Resurgence Unveiled - Exploring the Impact on Property Prices The value of former President Trump's buildings has declined since his election. Buildings that have removed the Trump logo have increased in value, while Trump-branded condominiums in Manhattan have fallen 23% in 10 years...
Fisker Faces Delisting Threat from NYSE as Stock Stays Below $1 Electric vehicle startup Fisker faces the risk of delisting from the New York Stock Exchange (NYSE). On the 17th (local time), Reuters reported that Fisker had received a delinquency notice from the NYSE because its stock had closed below $1 for 30 consecutive trading days. Fisker stated that this non-compliance notice is the most recent […]
South Korea-Cuba Diplomatic Relations: Presidential Office Highlights Economic, Cultural, and Consular Benefits The Presidential Office anticipates that establishing diplomatic relations with Cuba will lay the groundwork for economic cooperation, including the expansion of trade, entry of South Korean companies, and securing a supply chain for minerals such as nickel. In particular, it is expected that the opening of an embassy will significantly help ensure the safety of […]
Crypto Surge: Bitcoin Rockets to $52,000—Is Now the Time to Invest? The price of Bitcoin has soared, breaking through $52,000. As of 7:23 PM on the 15th, according to CoinMarketCap, the price of Bitcoin is $52,284.26, up 1.94% from 24 hours ago. It’s also strong in South Korea. Currently, Bitcoin is trading at $53,483.99 on the virtual asset exchange UPbit and has surpassed $53,000 at $53,450.67 […]
Bitcoin Surges Above $52,000, Hits $1 Trillion Market Cap 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 […]
Uber Sees Significant Growth in Mobility and Delivery Demand, Exceeding Third-Quarter Expectations 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 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 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 […]
Bitcoin Tops $50,000 for First Time in Over 2 Years on Spot ETF Impact 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 […]
China to Remain 'The World's Factory' Despite Challenges: Decoupling China - Pessimism vs. Optimism Despite U.S. Restraints, China Remains the World’s Top ExporterChina Increases Investments and Exports to U.S. AlliesNo Manufacturing Superpower to Replace China YetJP Morgan: “China is not an Uninvestable Country” Despite economic uncertainties and U.S. restraints, China is expected to maintain its status as the “factory of the world.” Business Insider, a U.S. business news outlet, […]
European Commission Approves Korean Air-Asiana Merger with Conditions Attached 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 […]
Mexico's Fintech Boom: A Billion-Dollar Industry Set to Skyrocket 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 […]
Kia Pulls the Plug on K5 Sales in Canada Amid Declining Demand 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. […]
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