#business (130 Posts)
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From Loss to Profit: Maeil Dairy's Special Formula Milk Finds Market in China
Maeil Dairy, one of Korea’s top three dairy product companies alongside Seoul Milk and Namyang Dairy, has been selling products for a specific consumer base. Despite suffering losses due to low demand, good news has arrived that could turn the tide. On May 13th, Maeil Dairy announced that it entered into a partnership agreement with […]
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Mercedes-Benz Shakes Up the Market with CLE 53 Cabriolet AMG
The Mercedes brand began selling the CLE Cabriolet in April after consolidating the C-class and E-class Cabriolet lineups. As a top contender in the convertible market, this flagship model is currently leading the industry. The beloved Mercedes brand is strengthening its market position by sharing news about the CLE Cabriolet on the 7th. Let’s explore […]
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Shinsegae Group Defies Odds with Record Q1 Revenue
Despite challenging market conditions, Shinsegae Group has successfully rebounded in the first quarter. While the Group’s sales remained at a similar level to last year, an increase in operating profit is believed to be due to the operation efficiency method that has been in place since early last year. On the 8th, Shinsegae announced a […]
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Hyundai's Unfinished Business: The Resurgence of North Korean Tourism
Chairman Chung Ju Yung visited North Korea via Panmunjom for business operations, which were halted due to the late Park Wang Ja incident. Hyundai Group North Korea has declared the resumption of its tourism business. Tourism is one of North Korea’s essential means of earning foreign currency. Its ventures make money by offering package programs […]
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North Korea's Infrastructure Disappears Amid Loan Dispute
North Korea dismantles streetlights along the Gyeongui Line Railway and Donghae LineMinistry of Unification asserts North Korea’s obligation to repay for projects under loan agreementsLast year, mines were installed along these railways and roads On the 18th, the South Korean Ministry of Unification revealed North Korea dismantled dozens of streetlights on the Gyeongui Line and […]
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'North Korean Paris Hilton' Turned Conservative Activist Shaking Up American Politics
Human Rights Activist Park Yeon MiTransforms into an American Right-Wing StarCalled as the North Korean Paris Hilton The recent activities of Park Yeon Mi, a North Korean defector and human rights activist, have sparked conversation, and last year, The New York Times reported that Park has transformed into a fearless critic of the American progressive […]
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Salaries of South Korea's Top Entertainment Agencies Revealed!
The Salaries of Big 4 Entertainment Company Employees RevealedAmong SM, JYP, YG, and HYBEWhich Pays the Highest and Lowest? As HYBE audits its subsidiary label, ADOR, and its management team, notably CEO Min Hee Jin, scrutiny shifts toward the operational dynamics of prominent entertainment companies in Korea. How do the industry’s Big 4 entertainers —SM […]
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The BTS Effect: HYBE Capital Breaks $4.2 Billion, Set to Join Major Corporate Group
HYBE, the powerhouse behind BTS’s global ascent, is poised to ascend to conglomerate status within the Korean entertainment sphere, boasting assets surpassing 5 trillion won ($4.2 billion). Since its public debut in October 2020, HYBE has embarked on a relentless acquisition spree, both domestically and internationally, diversifying its portfolio and exponentially expanding its scale. The […]
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Business Class to Disappointment: Passenger's Experience on Korean Air Flight
Recently, a passenger who flew business class on Korean Air claimed he was treated differently from other passengers, sparking a debate in online communities. According to a post on the online community Diesel Mania, a man in his 30s purchased a business class seat worth 2.3 million won for a comfortable journey on Korean Air […]
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Australian Boy Finds $11,400 Sapphire in Backyard
A 7-Year-Old Boy Discovers a Sapphire GemstoneWorth Approximately $5,700 to $11,400His Parents Operate a Gemstone Business Here’s the astonishing story of a 7-year-old boy who found a sapphire gemstone near his home. According to the online media outlet Sanook, on March 31, a website reported that an Australian boy discovered a sapphire. According to the […]
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USTR Takes Aim at Korea's High Network Usage Fees
The U.S. Trade Representative’s Office (USTR) claimed that mentioning network usage fees benefits Korean competitorsTwitch withdrew because of the network usage fees South Korea’s network usage fees are criticized for being particularly high compared to other countries. The US has raised concerns, calling it anti-competitive. The U.S. Trade Representative’s Office (USTR) recently published a National […]
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Forbes Designates Daughters of Late Nexon Founder as World's Youngest Billionaires
On the 8th of last month, Forbes, the American economic specialist media, announced its list of the “2024 World’s Youngest Billionaires.” The press reported that all 25 of the youngest billionaires selected this time are under 33. Rare news emerged with the inclusion of a pair of Korean sisters. The owners of this title are […]
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Painting Her Way to Success: Woman Leaves Accounting for Construction
Last month, a video uploaded to YouTube caught people’s attention. It was about a woman who left her successful career as an accountant to work as a painter. On the 21st, a video titled After graduating from a prestigious university, she quit her respected job as an accountant to paint at construction sites daily was […]
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Xi Jinping's Strategic Congratulations to Putin: Reasons Were Clearly Calculated
Chinese President Xi Jinping Made a Congratulatory Phone Call to Putin upon His ReelectionPromising Outlook for Closer China-Russia RelationshipWhat Are Xi Jinping’s Intentions? With Vladimir Putin’s confirmation for a fifth term as Russia’s President, Western nations grew apprehensive. Amidst the ongoing conflict with Ukraine, they were wary of Putin’s control over Russia. However, for Xi […]
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China's Xi Jinping: 'Buy Chinese Stocks With Confidence'
Xiaomi, a Chinese appliance manufacturer, has revealed the price of its first self-produced electric vehicle, sparking interest as related stocks show strength. On the 28th, Xiaomi officially launched its first self-produced electric vehicle, the SU7 series. The standard model is priced at approximately $29,900. The SU7, produced by Xiaomi, can travel up to 435 miles […]
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World's Coolest Police Fleet Vehicles: From Muscle Cars to Supercars
The go-to police fleet vehiclesA look at police cars around the worldVariety of models in use Fleet cars, typically used for business purposes, are often managed by corporations or institutions. Most car manufacturers use their company vehicles as their fleet cars, and public institutions are no exception. Each fleet car is designated for a specific […]
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Soldiers Abandoned: Inside Look at the Harsh Reality Facing Military Leaders
In South Korea’s military structure, soldiers mean those holding ranks above lieutenant and below commander. They essentially command soldiers and oversee operations, intelligence, transportation, and other military specializations. While they are required to have high levels of education, character, and responsibility, they have traditionally been highly respected and admired in Korean society. However, the popularity […]
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Man Searching Landfills for Lost Bitcoins Worth $2 Billion
Recently, the Bitcoin rally, which has been breaking records daily, has been downward since the 6th. As of the 26th, Bitcoin has recovered to the $1 million range, indicating that expectations for Bitcoin are still ongoing. Amid Bitcoin’s expected continued strong performance, a man accidentally threw away a hard drive containing 7,500 coins. The main […]
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South Korean Office Worker Traveled to Laos with $3,000, Becomes Top Player in Business Sector
KOLAO Chairman Oh Sei Young of LVMC Holdings starts a used car business in Laos with $3,000Known as ‘Samsung of Laos’ In 1997, $3,000 was worth approximately 3.3 million Korean won. Recently, a former corporate employee who left for Laos with such a small amount of money to start a business has gained attention for […]
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US Air Force Tests Hypersonic Weapon: A Game-Changer in Global Defense
The U.S. Air Force successfully tested a hypersonic weaponChina and Russia had previously led in its developmentIt is also known that North Korea is in the process of developing it On the 17th, the U.S. Air Force succeeded in testing the Air-launched Rapid Response Weapon (ARRW). A bomber carrying the weapon departed from Andersen Air […]