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economy Archives - Gangnam Times

#economy (139 Posts)

  • No More Smoothie King in South Korea as Coffee Craze Takes Over Shinsegae Group is closing Smoothie King in South Korea after 22 years due to declining sales amid strong coffee competition.
  • Shocking Truth Behind China’s Car Market Success: Dealers Are in Trouble Despite growth in China's car market, dealers face severe losses due to excessive discounts, low demand, and shrinking profit margins.
  • Tesla's Sales Slide: Who's Stepping Up to the Plate? Tesla's share of the U.S. EV market dropped to 49.7% in the 2nd quarter of this year, marking a decline of about 10% from the previous year.
  • J.Lo's Economy Class Shock: Pop Star Ditches Private Jet for Regular Seat! Jennifer Lopez, an American pop star and actress with an estimated net worth of $400 million, was revealed to have flown in economy class.
  • Why Tesla's Cars Are Selling Like Hotcakes Despite Major Flaws Tesla was reborn as a manufacturer that influenced the electric vehicle and the internal combustion engine market.
  • Top 3 Fuel-Efficient First Cars: Honda Civic, Hyundai Elantra, and... Hybrid vehicles are known for their excellent fuel efficiency, making them a great option for many, but not the right choice for everyone.
  • Why Korea's Top Builders Have Given Up on Building the World's Tallest Skyscraper South Korean construction companies have withdrawn their bids for Saudi Arabia's new landmark building, the Jeddah Tower,.
  • Geopolitical Tensions Fuel Dollar Surge, Korean Won Plummets The won-dollar exchange rate has surged over 7% this year, surpassing the increase seen during the 2008 Global Financial Crisis and the International Monetary Fund (IMF) currency crisis. As of May 19th, the won-dollar exchange rate in the Seoul foreign exchange market was confirmed to have closed at KRW 1,382, a 7.3% increase from the […]
  • Is South Korea's Economy Heading for a Crisis? IMF and UN Think So IMF Announces South Korea's National Debt at 55.2%Various Institutions Express Concern Over South Ko ...
  • Rise, Fall, and Rebirth of Abercrombie & Fitch: Confronting Racism and Reshaping Reputation In the second half of 2023, American clothing company Abercrombie & Fitch's stock price has near ...
  • Gas Stations in Crisis: Electric Vehicle Boom Spells Doom for Thousands Starting a gas station business was once considered a highly profitable venture. However, this sector is now facing a crisis.
  • Missile Meltdown: How North Korea's Tech Might Fueled Iran's Attack on Israel Recently, Iran attacked mainland Israel with offensive drones and ballistic missiles. Upon observing this, U.S. experts have speculated...
  • Billions Down the Drain: The Fiasco of Local Government Apps It has been confirmed that most public mobile applications developed by some local governments are being criticized as budget waste. There are numerous cases of local governments investing large budgets into app development, only to neglect and eventually discard them due to low usage. This has led to increasing criticism that local government app development […]
  • North Korea Collapse Theory: CIA's Severe Warning Returns CIA's Collapse of North Korea TheoryPotential for China to Absorb North Korea IncreasesMassive Milit ...
  • 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 […]
  • 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 […]
  • High Cost of Moving the Presidential Office: A Look into South Korea's Emergency Fund Usage News1 When the Yoon Suk Yeol administration took office on May 10, 2022, the president’s office was relocated to Yongsan, Seoul, from the Blue House in Jongno-gu, Seoul. Recently, as the regime entered its third year, it was confirmed that the most significant portion of the national emergency fund, or general reserve fund, was spent […]
  • BLACKPINK's Rosé Reveals Need for Rest in Dazed Interview “I Need a Little Break”BLACKPINK’s Rosé Shares Recent ActivitiesDazed Spring Edition Photoshoot Dazed Magazine released the latest spring edition editorial featuring BLACKPINK’s Rosé. Rosé, an active global ambassador for the premium travel brand Rimowa, appeared in the “Never Still” campaign, reflecting on the meaning of travel and home. Rosé’s photoshoot concept with Rimowa evoked the […]
  • 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 […]
  • '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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