#finance (33 Posts)
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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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Making Crypto History: Hong Kong Poised to Approve Bitcoin ETF
There is anticipation that a Bitcoin exchange-traded fund (ETF) will soon be approved in Hong Kong. According to sources in Hong Kong, the Securities and Futures Commission (SFC) is expected to approve the Bitcoin ETF by the 15th. If Hong Kong authorities approve, it will be the second approval after the U.S. Securities and Exchange […]
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National Debt Reaches Historic Highs, Prompting Concerns
The 2023 fiscal year national accounts report has revealed a national debt of $816.7B with a fiscal deficit of $63B . On the 11th, the government reviewed and approved the 2023 fiscal year national accounts report. According to the report, last year’s national debt reached a record high of $816.7 billion. The fiscal deficit, a […]
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Crypto Scandal: Terraform Labs Co-Founder Loses SEC Lawsuit
Do Kwon, the CEO of Terraform LabsLoses a civil lawsuit filed by the SECHigh possibility of extradition to the U.S. On the 5th, a Manhattan jury found that Terraform Labs and its co-founder Do Kwon were responsible for the civil fraud charges filed by the U.S. Securities and Exchange Commission (SEC). Previously, the SEC filed […]
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From Novice to Pro: How AI Trading Bots are Transforming Crypto Investment
Cryptocurrency AI Trading BotSuitable for novice investorsOffers stability and convenience When you want to invest in cryptocurrency and make money but don’t know which one to invest in, an AI trading bot can be a helpful guide. A self-proclaimed cryptocurrency novice sought guidance on investing in cryptocurrencies like Bitcoin and Dogecoin but found the trading […]
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Bitcoin Skeptic Warren Buffett's Own Company Profits from Bitcoin Investments
Warren Buffett, CEO of Berkshire Hathaway, has expressed skepticism, calling Bitcoin delusionRevealed to have invested $750M in a Fintech company Warren Buffett, the Oracle of Omaha and CEO of Berkshire Hathaway, is also well-known as a Bitcoin skeptic. Despite his vigorous criticism of cryptocurrencies over time, his company has significantly profited from cryptocurrency investments. According […]
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U.S. Takes Decisive Action Against Chinese Hackers Targeting Vital Information
U.S. charges seven Chinese hackersAttempt to hack key national economic companiesWhat’s China’s Stance? Seven Chinese men have been indicted in a federal court in the Eastern District of New York for hacking or attempting to hack the work and personal emails, online storage spaces, and phone call records of millions of Americans. These hackers targeted […]
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North Korea's 50-Year-Old Debt: Sweden Still Awaiting Payment For Volvos Sold in 1975
North Korea-Sweden Debt RelationshipSweden Exported Volvo to North Korea 50 years agoNorth Korea Still Hasn’t Paid Is there any country that is friendly with North Korea? Surprisingly, Sweden, a Nordic country, was the first Western nation to establish diplomatic relations with North Korea. After establishing these relations, they even exported cars to North Korea, but […]
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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 […]
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Hotel Shilla President Lee Boo Jin Appeals for Support at Shareholders' Meeting
The 51st Annual Shareholders’ Meeting of Hotel ShillaLee Boo Jin, “We will continue to grow steadily”What was Hotel Shilla’s performance last year? The 51st regular shareholders’ meeting of Hotel Shilla took place on the 21st at the Hotel Shilla’s Jangchung office in Jung-gu, Seoul. Lee Boo Jin, the president and chief executive of Hotel Shilla, […]
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Lotte and POSCO Caught in Dispute Over Vietnamese Highway Project
Despite Lotte Construction and POSCO E&C’s involvement in highway construction, Vietnam hasn’t paid approximately $166.7 million, yet demands $83.3 million in damages. Shocking revelations have come to light about Lotte Construction and POSCO E&C’s uncollected construction fees for a highway project in Vietnam, totaling about $166.7 million. Despite an international arbitration institution ruling in favor […]
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El Salvador's Bitcoin Boom: $84 Million Profit Sparks Global Attention
El Salvador’s BitcoinSales Profit, $84 millionBoasts Bitcoin Investment Performance The era of the 100 million won ($75,210) cryptocurrency Bitcoin continues. As of the 14th, Bitcoin surged to 140 million won, drawing attention to Central American El Salvador. El Salvador is known as the first country in the world to adopt Bitcoin as legal tender and buy […]
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Apple Hit with $2 Billion Fine by EU Over Antitrust Concerns
Raised Issue by SpotifyEU Alleges Apple of Antitrust ViolationApple Expected to Appeal Once the world’s leading company for monopolizing the smart electronic product market, Apple faced a storm of controversy as it was pushed from its top spot in market value. On the 4th, the European Union reportedly imposed a fine of 1.84 billion euros […]
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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 […]
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How Many Grams of Gold Should You Buy as an Investment?
Gold prices reach an all-time highA safe assetMethods of investing in gold Gold prices hit an all-time high on the 5th. On the 4th (local time in the US), the international gold price broke through $2,100, and as a result, the price per gram of a 1kg gold bullion in the KRX gold market was […]
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Inside LIG Nex1's Success: Chairman Koo's Strategy and Employee Engagement
Chairman Koo Bon Sang, Interaction Time with EmployeesApril 5th, Lotte World Full RentalLast Year’s Sales $1.7 Billion LIG Nex1 is garnering attention for renting out Lotte World entirely for its employees. LIG Nex1 has rented out Lotte World, a theme park based in Seoul, to provide a time for interaction among its employees across the […]
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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 […]
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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 […]
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The Motley Fool's Magnificent Seven Reveals February's Must-Buy Stocks
[TheGuru=Eung-Yong Jung] U.S. investment publication The Motley Fool has named its top two "Magnificent Seven" (Apple, Microsoft, Google Alphabet, Amazon, Envidia, Meta, Tesla) stocks to buy in February. The list includes Nvidia and Amazon, according to The Motley Fool on Thursday. Nvidia is one of the best-positioned stocks to capitalize on the growth of artificial intelligence (AI), with its stock price surging 239% over the past 12 months. The Mottley Fool believes Nvidia stock remains attractively valued relative to its underlying business growth. Industry experts are raising their annual revenue estimates for the GPU leader over the next few years, even though growth expectations for the company were already very high. The stock's fair valuation remains an attractive buying opportunity, the analysis said. It currently trades at 35 times next year's earnings consensus, which is reasonable given Nvidia's robust growth. In particular, the $1 trillion ($133.5 trillion) data center infrastructure will drive Nvidia's growth. Nvidia generates $32 billion in trailing revenue from the data center segment and has about 80% market share in the AI chip market, which should provide more growth and returns for investors. "Amazon is a very solid company that generates returns to shareholders through multiple revenue streams, including cloud services, advertising, and online retail sales," The Motley Fool said of the company. "While its cloud division, Amazon Web Services, has gotten the most attention from Wall Street, it is the improving growth in e-commerce that is driving the stock higher." The Motley Fool noted Amazon's improving delivery speeds. Last year, Amazon shipped more than 7 billion items on the same or next day, the fastest shipping speeds in its history. The company's focus on speeding up delivery is expected to continue, making it harder for competitors to catch up. Amazon is also focused on strengthening its brand. It launched a new shopping assistant, Rufus, powered by generative AI, to encourage customers to default to Amazon.com instead of Google...