#economy (127 Posts)
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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 […]
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North Korea Collapse Theory: CIA's Severe Warning Returns
CIA's Collapse of North Korea TheoryPotential for China to Absorb North Korea IncreasesMassive Milit ...
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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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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 […]
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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 […]
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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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Back to Barbarism: North Korea's Public Executions Make a Comeback
North Korea Resumes Executions Post-PandemicNorth Korean School Field Trip Sites Turned into Execution GroundsHuman Rights in North Korea According to Various Reports The U.S. government has announced that “North Korea showed a trend of reducing public executions due to the COVID-19 pandemic, but as they began to ease border restrictions, the number of executions has […]
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HYBE Takes Action Against Min Hee Jin's Alleged Coup Attempt
Bang Si Hyuk Takes a Stab Min Hee JinSigns of Min Hee Jin’s Attempt to Break Away DetectedGeneral Shareholders Meeting Called, Audit Rights Exercised HYBE has demanded the resignation of Min Hee Jin, the representative of ADOR. HYBE recently launched an audit of ADOR, its subsidiary label, following suspicions that ADOR might be trying to […]
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Bitcoin Plummets as Iran Attacks Israel, Geopolitical Tensions Rattle Crypto Market
After Iran launched indiscriminate airstrikes on Israel, cryptocurrency prices plummeted in unison. At around 6 a.m. on Thursday, the price of bitcoin hit $61,000 ($84.45 million). This is the first time the price of bitcoin has fallen this low since March 24th...
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U.S. and Japan Raise Hourly Wages, Why Isn't South Korea Following?
California has raised the minimum wage for fast-food workers to $20 an hour. According to the Associated Press, the new wage rate was implemented on the 1st, marking a 29% increase from last year’s minimum wage of $15.50. California Governor Gavin Newsom signed an expedited bill in September last year to raise the minimum wage […]
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Kim Jong Un's Vision for North Korea: A Glimpse Into the New Smart City
The construction site of the second phase of North Korea’s version of a “new city,” the Hwasong District, has been unveiled. Kim Jong Un also visited to draw attention. According to North Korea’s state-run media, the Korean Central News Agency, Kim Jong Un visited the construction site of 10,000 households in the second phase of […]
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North Korea's Unusual Move: Replacing Airfields with Smart Farms
Three greenhouse farms in North KoreaWhy were Air Force bases transformed into smart farms? North Korea operates three large-scale greenhouse farms, converted into smart farms to cultivate vegetables using advanced technology and systems effectively. These projects are so significant at the national level that Kim Jong Un personally visited them during their inauguration. A common […]
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Why You'll Fall in Love with These 3 Cars at First Sight
Capturing Consumers’ Hearts with One Unique Design: Top 3 Cars with Superior Design When buying a car, there are more than one or two factors to consider. Vehicle performance, sales price, availability of options, design, and more can all shift in priority depending on individual preferences and circumstances. So, what’s the most intuitive factor among […]
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Insights from Experts on the Chinese Fund Recruited by Xi Jinping
China establishes $35 trillion semiconductor fundChinese funds decline amid economic downturnUrgent need to address real estate issues in China In March, Bloomberg reported that China plans to establish a fund worth $29.7 billion to support its domestic semiconductor industry. Experts interpret this move as China’s intention to overcome the impact of U.S. regulations on Chinese […]
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South Korea's Wages Surpasses Japan's Salaries For the First Time in 20 Years
Korea’s hourly wage increased by 157.8%Korea’s average monthly salary is $3,415, while Japan’s is $3,239 An analysis has shown that the average wage of South Korean workers is higher than that of workers in Japan. However, unlike Japan, the wage gap between large corporations and small and medium-sized enterprises (SMEs) in Korea has widened. The […]
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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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Japan Raises Interest Rates for the First Time in 17 Years: Is Now the Time for 'YenTech'?
Japan Raises Interest Rates for the First Time in 17 YearsYen Continues to WeakenInterest in ‘YenTech’ Grows The Bank of Japan, the country’s central bank, has made a historic move by raising its policy interest rate for the first time in 17 years since February 2007. In traditional economic theory, a rate hike typically strengthens […]
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Why Gold Prices Are Skyrocketing After Fed's Latest Announcement
The value of gold has once again reached an all-time high following the announcement from the US Federal Reserve (Fed), stirring up conversation. According to the announcement made during the Federal Open Market Committee meeting on the 20th (local time), the Fed has kept the interest rate steady at an annual 5.25~5.50%. This marks the […]