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economy Archives - Page 3 of 8 - Gangnam Times

#economy (142 Posts)

  • 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 […]
  • 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 […]
  • Inside Kim Jong Un's Bizarre Orders: From Weight Gain to Archery Warfare North Korea’s Kim Jong Un’s Absurd OrdersSuch as Archery, Weight gainThe economic crisis continues It has been transmitted that North Korean officials diligently take notes on Kim Jong Un’s directives. They have no choice but to comply with the orders of the absolute leader, but it’s said that not all of Kim’s directives are wise […]
  • Ohtani's Wife's Bag Sparks Buzz: Shocking Price Revealed Shohei Ohtani, Mamiko Tanaka2024 MLB World Tour Seoul SeriesZARA Bags in the $40 Range Shohei Ohtani, known as the “Trillion-won man,” has been the talk of the town since he visited Korea. Ohtani’s Korean fans have not spread their interest to his wife, Mamiko Tanaka. On the 18th, it was reported that Mamiko Tanaka, wife […]
  • Why Has the Korean Government Decided to Regulate a Chinese Platform Used by 14 Million People? The South Korean government has recently announced that it is taking action against three Chinese platforms, Aliexpress, Temu, and Xinyin, which have been criticized for selling counterfeit goods. The government held an emergency economic ministerial meeting chaired by Vice Prime Minister and Minister of Strategy and Finance Choi Sang-mok at the Government Complex in Seoul on the 13th. At the meeting, the government announced the 'Overseas Online Platform Consumer Protection Measures'...
  • North Korea's Kim Jong Un Boosts Public Morale with Gifts and Military Display North Korean Leader Kim Jong UnGifts Tractor to Ryanggang Province, Rides New TankWhy Does He Continue His Active Moves? On the 28th of last month, he attended the groundbreaking ceremony to construct the Sungcheon National Industrial Factory in Pyeongan South Province, included in the “Local Development 20X10” policy. He announced, “I am sorry that we […]
  • Samsung Electronics Employees' Average Salary Decreases by 11% Compared to Last Year An average of $90,000Union members surpass 20,000 It has been reported that the average annual salary of Samsung Electronics employees has decreased by about 11% compared to the previous year. According to Samsung Electronics’ annual business report released on the 12th, the average salary of Samsung Electronics employees in 2023 was $90,000, down about 11% […]
  • A Massive Complex Worth $4.56 Billion to be Built at LEGOLAND in Chuncheon Chuncheon “Bio·IT” Corporate Innovation ParkGenerating over $4.56 billion in economic effectsInvestment of about $683 million in project costs A corporate innovation park, valued at $4.56 billion and combining bio and IT, is set to be established in Chuncheon, Gangwon Province, known for attractions such as Soyang River, Nami Island, and Legoland. On the 11th, the […]
  • Bitcoin Hits $76,000; Cryptocurrency Thefts Due to Issuance Authority Bitcoin Surpasses $76,000PlayDapp delisted Virtual asset issuance authority stolen Bitcoin has been rallying daily, trading at $76,000 on Upbit, South Korea’s largest asset exchange. The rise of Bitcoin has influenced other leading coins like Ethereum and even “meme coins” to achieve their all-time highs. Yet, there were also coins that, regrettably, were delisted. The Digital […]
  • Kate Middleton's Photo Manipulation Sparks Speculation: What's Really Going On? British Crown Princess Kate MiddletonAdmits to Photo ManipulationDespite Admission, Suspicions Deepen… British Crown Princess Kate Middleton admitted that she manipulated her photograph and apologized. After undergoing abdominal surgery last January and disappearing from public view, the Crown Princess revealed her recent condition by releasing a photo nearly two months later. Despite Kensington Palace’s previous statement […]
  • Bitcoin's Soaring Price Is a Warning Sign For Investors Bitcoin Soars to $68,000Warning from the U.S. Securities and Exchange CommissionWhat to Be Aware of Before Investing? The price of Bitcoin, the leading cryptocurrency, hit a record high of $68,000 at 4:51 PM on the 4th. It was $65,000 last week, but it has jumped significantly. Analysis has poured in that it has broken through […]
  • Buffett's Berkshire Hathaway Boasts All-Time High Cash Reserves: Nowhere to Invest? Berkshire Hathaway, the investment company of “Oracle of Omaha” Warren Buffett, recorded its all-time highest cash holdings, continuing its strong performance in the fourth quarter of last year. However, Buffett stated that the chances of achieving the same “eye-popping” results in the coming years are virtually nonexistent. According to the earnings report released by Berkshire […]
  • North Korea Designated High-Risk for Money Laundering and Terrorist Financing for 14th Consecutive Year North Korean leader Kim Jong Un presses a blasting button after attending a groundbreaking ceremony for a housing project in Hwasong, North Korea. The FATF designated North Korea as a high risk country for money laundering and terrorist financing, calling for countermeasures and financial sanctions...
  • Hong Kong ELS Investors Hit with $751 Million in Losses, Banks Pocket $140 Million in Commissions As the losses of customers who invested in ELS linked to the Hong Kong H-Index are expected to exceed $751 million soon, it has been revealed that these banks have earned about $140 million in commissions from H-Index-based ELS commodities. According to the financial sector, on the 26th, the total amount of H-Index-based ELS commodities […]
  • Samsung C&T Plans to Build Massive Solar Power Plant in Indiana, USA Samsung C&T Corporation is building a massive solar power plant in Indiana, USA. They are tightening the reins on expanding solar development projects, which they have pinpointed as a future growth engine. They are in full swing to leap forward as a global eco-friendly energy company. According to a report submitted to the Bartholomew County […]
  • Shanghai Nickel Surges to Three-Month High Amid U.S. Sanctions on Russia Nickel in the Shanghai Futures Exchange has reached its highest level in three months. This is due to the expansion of U.S. sanctions against Russia and growing concerns over supply in Indonesia. According to the Shanghai Futures Exchange (SHFE) on the 26th, the price of nickel in March closed at 135,220 yuan ($18,784.74) per ton […]
  • US Congress Targets Chinese E-Commerce Giant Temu Over Forced Labor Allegations Chinese e-commerce platform Temu has become a controversial topic in the U.S. political arena over the issue of forced labor. Temu's sales events are garnering increasing attention, and some lawmakers are calling for the company to be regulated...
  • Critics Blame President Xi Jinping's Control Obsession for Struggles in Chinese Stock Market China and Hong Kong stock markets leak $1.5 trillion in January aloneXi Jinping’s obsession with control is the biggest problem, critics sayThe outlook suggests the potential for a rebound similar to JapanGoldman Sachs: “Active fiscal easing and economic adjustment to consumption are necessary” It’s not just the Chinese economy standing at a crossroads. The Chinese […]
  • China Condemns US Sanctions on Chinese Companies Supporting Russia Six Chinese Companies Included in the U.S.’s SanctionsChina’s Ministry of Commerce, “We firmly oppose the disruption of trade order” China has objected to including several Chinese companies in sanctions imposed by the U.S. against companies supporting Russia. According to Reuters on the 26th, the Chinese Ministry of Commerce stated in a spokesperson’s statement, “China is […]
  • Nvidia's Stock Surge: Riding High or Ready to Burst? Analysts have suggested it’s hard to see the sharp rise in Nvidia’s stock price after recording a fourth-quarter earnings surprise as a bubble. The factor that bursts a stock price bubble is a slowdown in sales, but the judgment is that Nvidia’s sales and operating profits can maintain a rapid increase. On the 26th, Eugene […]
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