Korean Semiconductors Caught in the Middle: Facing Pressure from U.S., China, and Japan With US President Joe Biden's visit to South Korea, the semiconductor industry is facing the challenge of securing competitiveness. The U.S. and Japan are expanding with software competitiveness and subsidies, and China is also looking for a way out of the U.S.'s grasp.
North Korea's Economy Leans on China: Chinese Yuan Outpaces North Korean Won in MarketsA survey of North Korean defectors revealed that the Chinese yuan circulates more in North Korean markets than the North Korean won. Compared to before Kim Jong Un took power, the usage of yuan in the markets has surged almost five times, indicating that North Korea’s economy is increasingly dependent on China. Amid economic difficulties, […]
Russia's Surprise Visit to South Korea Sparks Tensions: What's Really Going On? ROK-Russia diplomatic tensions deepen as South Korean president criticizes Russia's remarks. Russian ambassador's visit and high-level talks are significant, but differences remain.
Majority of Experts Give Low Ratings to Yoon's Economic Policy, Cite Weak Domestic Demand Experts' assessment of the Yoon administration's economic policies is generally low. Sluggish domestic demand and the real estate PF were the most worrisome downside factors, while the lack of a blueprint for mid- and long-term structural reforms was also pointed out...
Semiconductor Smugglers Caught in South Korea: $10 Million Scheme Uncovered A Korean distributor caught by Seoul Customs was sent to jail on criminal charges for attempting to smuggle semiconductors to China. Semiconductors are classified as strategic goods and require an export license. The company disguised the semiconductors and smuggled them to China, and obtained the payment through false declaration and laundering...
Cancer-Causing Substance Discovered in Fake Earrings from China Customs seized 122,930 items infringing on intellectual property rights. Most of the items came from China, with cadmium and lead detected in some products. Cadmium was detected in 83% of counterfeit earrings from international luxury brands. Products from domestic companies were also included...
Chinese Government Takes Control Over Unregulated Electric Vehicle Projects The Chinese government will control new electric vehicle projects in the country through tough measures, the Financial Times reported on January 22, 2024...
Korean Battery Industry Competes with China Focusing on the US IRA Despite the rapid growth of China's battery industry, it is expected to slow down due to overcapacity and the US-China conflict. Chinese battery makers are waging a low-cost offensive in the European market, and trilateral competition is expected to become more intense.
Elon Musk Tops Global Top 500 Billionaire List, Where Does Samsung Chairman Lee Jae Young Rank? Samsung Chairman Lee Jae-yong returned home from a visit to the Netherlands, and the net worth of the world's 500 richest people totaled $1.5 trillion, an increase of 48%, the largest increase this year. Elon Musk regained the top spot as the richest man in the world, while Samsung Chairman Lee Jae-yong came in at No. 228 on the list...
Kraft's Vegan Mac and Cheese Heads to US Grocery AislesKraft Heinz introduces a plant-based version of its popular Mac 'n Cheese in the U.S., replacing cheese with soy protein.
FIRE Movement: Dreaming of Early Retirement? Here's How to Make It a RealityFIRE movement: Early retirement dreams need clear goals, diversified investments, and increased income sources. Marriage can help too.
Korean Semiconductors Caught in the Middle: Facing Pressure from U.S., China, and Japan With US President Joe Biden's visit to South Korea, the semiconductor industry is facing the challenge of securing competitiveness. The U.S. and Japan are expanding with software competitiveness and subsidies, and China is also looking for a way out of the U.S.'s grasp.
North Korea's Economy Leans on China: Chinese Yuan Outpaces North Korean Won in Markets A survey of North Korean defectors revealed that the Chinese yuan circulates more in North Korean markets than the North Korean won. Compared to before Kim Jong Un took power, the usage of yuan in the markets has surged almost five times, indicating that North Korea’s economy is increasingly dependent on China. Amid economic difficulties, […]
Russia's Surprise Visit to South Korea Sparks Tensions: What's Really Going On? ROK-Russia diplomatic tensions deepen as South Korean president criticizes Russia's remarks. Russian ambassador's visit and high-level talks are significant, but differences remain.
Majority of Experts Give Low Ratings to Yoon's Economic Policy, Cite Weak Domestic Demand Experts' assessment of the Yoon administration's economic policies is generally low. Sluggish domestic demand and the real estate PF were the most worrisome downside factors, while the lack of a blueprint for mid- and long-term structural reforms was also pointed out...
Semiconductor Smugglers Caught in South Korea: $10 Million Scheme Uncovered A Korean distributor caught by Seoul Customs was sent to jail on criminal charges for attempting to smuggle semiconductors to China. Semiconductors are classified as strategic goods and require an export license. The company disguised the semiconductors and smuggled them to China, and obtained the payment through false declaration and laundering...
Cancer-Causing Substance Discovered in Fake Earrings from China Customs seized 122,930 items infringing on intellectual property rights. Most of the items came from China, with cadmium and lead detected in some products. Cadmium was detected in 83% of counterfeit earrings from international luxury brands. Products from domestic companies were also included...
Chinese Government Takes Control Over Unregulated Electric Vehicle Projects The Chinese government will control new electric vehicle projects in the country through tough measures, the Financial Times reported on January 22, 2024...
Korean Battery Industry Competes with China Focusing on the US IRA Despite the rapid growth of China's battery industry, it is expected to slow down due to overcapacity and the US-China conflict. Chinese battery makers are waging a low-cost offensive in the European market, and trilateral competition is expected to become more intense.
Elon Musk Tops Global Top 500 Billionaire List, Where Does Samsung Chairman Lee Jae Young Rank? Samsung Chairman Lee Jae-yong returned home from a visit to the Netherlands, and the net worth of the world's 500 richest people totaled $1.5 trillion, an increase of 48%, the largest increase this year. Elon Musk regained the top spot as the richest man in the world, while Samsung Chairman Lee Jae-yong came in at No. 228 on the list...
Kraft's Vegan Mac and Cheese Heads to US Grocery Aisles Kraft Heinz introduces a plant-based version of its popular Mac 'n Cheese in the U.S., replacing cheese with soy protein.
FIRE Movement: Dreaming of Early Retirement? Here's How to Make It a Reality FIRE movement: Early retirement dreams need clear goals, diversified investments, and increased income sources. Marriage can help too.
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