South Korean President Yoon Suk-yeol denies US insult caught on hot mic:
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| Last Updated | Sep 24 22 |
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South Korean president caught on hot mic insulting US Congress: South Korean President Yoon Suk-yeol was caught on a hot mic insulting the U.S. Congress ...
thehill.com/policy/international/3658080-south-korean-president-caught-on-hot-mic-insulting-us-congress/
Hot mic catches South Korean president insulting US Congress, describing them as 'idiots'
businessinsider.com/hot-mic-catches-south-korean-president-insulting-us-congress-2022-9
Hot Mic Busts South Korean President Yoon Suk-Yeol Calling U.S. Lawmakers ‘Idiots’ After Meeting With Biden
thedailybeast.com/hot-mic-busts-south-korean-president-yoon-suk-yeol-calling-us-lawmakers-idiots-after-meeting-with-biden
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South Korean president caught on hot mic insulting US Congress: South Korean President Yoon Suk-yeol was caught on a hot mic insulting the U.S. Congress ...
thehill.com/policy/international/3658080-south-korean-president-caught-on-hot-mic-insulting-us-congress/
Hot mic catches South Korean president insulting US Congress, describing them as 'idiots'
businessinsider.com/hot-mic-catches-south-korean-president-insulting-us-congress-2022-9
Hot Mic Busts South Korean President Yoon Suk-Yeol Calling U.S. Lawmakers ‘Idiots’ After Meeting With Biden
thedailybeast.com/hot-mic-busts-south-korean-president-yoon-suk-yeol-calling-us-lawmakers-idiots-after-meeting-with-biden
Canada, South Korea seek deeper cooperation on critical minerals: Canadian Prime Minister Justin Trudeau and South Korean President Yoon Suk-yeol on Friday ...
reuters.com/business/autos-transportation/canada-south-korea-seek-deeper-cooperation-critical-minerals-2022-09-23/
Canada, South Korea to deepen electric vehicle production ties to counter China: The two leaders agreed to deepen cooperation on critical minerals used in ...
globalnews.ca/news/9152570/canada-south-korea-electric-vehicle-batteries/
South Korean president criticised for insulting US Congress on hot mic: ‘These f*****s’
independent.co.uk/asia/east-asia/south-korea-yoon-suk-yeol-hot-mic-b2173673.html
When 'Macho Man' met 'Mr. Status quo' : There was much back and forth between South Korea and Japan up until the moment their leaders actually ...
koreatimes.co.kr/www/nation/2022/09/120_336609.html
South Korea’s Yoon Suk-yeol Finally Meets Japan’s Prime Minister: While Yoon failed to hold a formal summit with U.S. President Joe Biden, he succeeded in having ...
thediplomat.com/2022/09/south-koreas-yoon-suk-yeol-finally-meets-japans-prime-minister/
Is South Korea’s economic miracle over?: Decades of growth are tapering off as the country struggles to reform its model and reduce its dependence on ...
ft.com/content/b34e8bc8-9f78-45c8-a15b-3df9cdfd858f
Quick Glance: The Future of South Korea's Economy: An Analysis
- South Korea's economy is facing challenges as the country strives to adapt its traditional growth model and reduce its reliance on manufacturing.
- A massive investment in chip factories in Yongin aims to strengthen the position of South Korea's semiconductor industry, while economists express concerns about future growth.
- With an aging population and declining productivity, South Korea is at risk of economic challenges as the government clings to proven growth drivers.
- South Korean companies must assert themselves in a changing global economic landscape and increase their innovation capacity to secure future growth.
Biden picks up another big union endorsement, this one from building trades workers
apnews.com/article/joe-biden-union-endorsement-651dd9dd2eb8e16ab898366e9501dc4e
Biden just signed a bill that could ban TikTok. His campaign plans to stay on the app anyway
apnews.com/article/biden-tiktok-campaign-account-young-voters-ban-d351ccb17c59890473af1685a0a756f3
Quick Glance: Measures Against TikTok: Biden Sets Deadline for Sale
- President Biden has signed legislation requiring ByteDance to fully divest from TikTok within a year or potentially face a nationwide ban.
- This action poses a significant challenge to the future of the video-streaming app in the U.S. and escalates the technological conflict between America and China.
- TikTok plans to take legal action against the Biden administration, citing concerns that the law could impede the free speech of millions of Americans.
- This requirement was incorporated into a bill providing foreign aid for Israel, Ukraine, and Taiwan, mandating ByteDance to sell its stake in TikTok within 12 months under the threat of closure.
Some Nikki Haley voters are hanging on to her candidacy and, like her, refuse to endorse Trump
apnews.com/article/nikki-haley-donald-trump-pennsylvania-joe-biden-c8ab4e675cfd2fa64d6b749b881c6fbd
President Biden signed a $95.3 billion package of aid to Ukraine, Israel and Taiwan on Wednesday, after months of gridlock that put the centerpiece of his ...
nyti.ms/4b6LYEK
Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
- President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.
- Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.
- The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.
- Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
Union leader endorsing Biden: ‘We’re not gonna waste a lot of time’ on Trump supporters
thehill.com/homenews/campaign/4617991-building-trades-union-endorses-biden/
North Korea officials visit Iran in a rare public trip: A North Korean delegation led by the cabinet minister for international trade is visiting Iran ...
reuters.com/world/north-korea-officials-visit-iran-rare-public-trip-2024-04-23/
Quick Glance: Kim Leads Rocket Drills for Nuclear Counterattacks
- North Korean leader Kim Jong Un supervised rocket launches simulating nuclear counterattacks.
- The drills showcased the strength of the country's nuclear forces.
- The rockets were described as highly accurate and capable of carrying tactical nuclear warheads.
- The US and South Korea are responding with enhanced military exercises and nuclear deterrence strategies.
Biden notches another union endorsement as building trades back reelection: President Joe Biden secured another union's backing on Wednesday as the organization ...
reuters.com/world/us/biden-notches-another-union-endorsement-building-trades-back-reelection-2024-04-24/
Quick Glance: Biden criticizes Florida's abortion ban and holds Trump accountable
- President Biden condemns the upcoming 6-week abortion ban in Florida.
- He blames Trump for appointing justices who overturned Roe v. Wade.
- Biden's campaign focuses on abortion rights to mobilize voters.
- Efforts to leverage Florida's abortion laws for political gain are highlighted.
South Korea Property Rout Sparks Fear of Private Credit Crisis: South Korea is emerging as a closely watched weak link in the $63 trillion world of shadow ...
bloomberg.com/news/articles/2024-04-22/south-korea-property-rout-sparks-fear-of-private-credit-crisis
Biden looks to use abortion rights to put Florida in play in November: President Joe Biden is heading to Florida on Tuesday where his team is seeking to leverage ...
cnn.com/2024/04/23/politics/biden-abortion-rights-florida/
Nursing homes must hit minimum staffing levels under new federal rule: Nursing homes will be required to have minimum levels of front-line caregivers for the ...
thehill.com/policy/healthcare/4610990-nursing-homes-minimum-staffing-level-federal-rule/
Quick Glance: Biden's Landmark Staffing Mandate for Nursing Homes
- The Biden administration has implemented first-ever staffing requirements for nursing homes to enhance care quality.
- The rule mandates 24/7 registered nurses and a minimum of 3.48 hours of care per resident daily.
- Industry voices concerns over staff shortages, estimating a need for over 100,000 additional workers.
- The new regulations will be phased in and could potentially lead to facility closures for non-compliance.
South Korean woman conned out of US$50,000 by fake Elon Musk she fell in love with on Instagram
scmp.com/news/asia/east-asia/article/3260197/south-korean-woman-conned-out-us50000-fake-elon-musk-she-fell-love-instagram
Quick Glance: South Korean Woman Falls Victim to $50k Elon Musk Deepfake Scam
- A South Korean woman was convinced to invest 70 million won ($50,770) after watching a fabricated video portraying someone who looked like Elon Musk, the CEO of Tesla, as reported locally on Tuesday.
- Jeong Ji-sun, identified by the pseudonym at KBS, disclosed her experience as a victim of a romance scam on KBS's 'In-Depth 60 Minutes.' During the episode on April 19, Jeong narrated her initial interactions with the scammer posing as Musk.
- Jeong's initial hesitations dissipated swiftly. The scammer forwarded his identification and a workplace photo to Jeong. Moreover, he discussed aspects such as his children and commuting to Tesla or SpaceX via helicopter. He further mentioned his sporadic outreach to fans.
- The program highlighted the prevalent use of AI in these romance scams. The swindler engaged in a form of deception known as 'pig butchering,' as explained by the producer. This approach involves gradually enticing victims to increase their contributions to an apparently legitimate investment before the perpetrator vanishes.
Fauci to testify before Congress for the first time since stepping down: Anthony Fauci, former chief medical adviser to President Biden, will testify before the ...
thehill.com/policy/healthcare/4619450-fauci-to-testify-before-congress-for-the-first-time-since-stepping-down/
Is Columbia’s president next to go amid pro-Palestinian protests?: Columbia President Minouche Shafik is falling under bipartisan criticism over the ...
thehill.com/homenews/education/4615605-columbia-pro-palestinian-protests-gaza-israel/
South Korea prepares new monitoring system to detect illegal stock short selling: South Korea's financial market watchdog said on Thursday it had prepared a new ...
reuters.com/markets/asia/south-korea-prepares-new-monitoring-system-detect-illegal-stock-short-selling-2024-04-25/
Quick Glance: South Korea introduces monitoring system to curb illegal stock short selling
- South Korea's financial market watchdog has developed a new monitoring mechanism to detect illegal short-selling transactions in the stock market. Institutional investors will be electronically processed and filtered through a central detection system to prevent illegal trades.
- South Korea has made various reform efforts to address the 'Korea discount' in the stock market, where domestic companies have lower valuations compared to global peers due to factors like low dividend payouts and opaque governance structures.
- Last November, South Korea imposed a sudden ban on short selling of shares for the first half of the year after discovering illegal trades by foreign investment banks. Authorities stated that the ban would remain until adequate measures are in place to prevent such practices.
- The FSS aims to implement the new monitoring system swiftly after finalizing it, although no specific date was provided for the implementation.
SK Hynix to invest $3.86 bln in DRAM chip production in South Korea
reut.rs/3Ux58yf
Quick Glance: SK Hynix Anticipates Full Chip Recovery Post Q1 Profit Surprising AI Boom
- SK Hynix anticipates a complete recovery in memory chips due to AI demand, achieving its highest profit in nearly two years by selling advanced DRAM chips with High Bandwidth Memory (HBM) for generative AI chipsets.
- The company surpassed expectations for an operating profit of 1.88 trillion won by LSEG SmartEstimate, stating that the memory market is entering a full recovery cycle.
- SK Hynix is the biggest beneficiary of the explosive increase in AI adoption, serving as the main supplier of HBM chips for Nvidia's graphic processing units training AI systems.
- To outpace competition, SK Hynix announced a $3.87 billion investment to construct an advanced chip packaging plant in Indiana with an HBM chip line and research and development for AI products.
The US quietly shipped long-range ATACMS missiles to Ukraine: The United States in recent weeks secretly shipped long-range missiles to Ukraine for use in its ...
reuters.com/world/us/us-quietly-shipped-long-range-atacms-missiles-ukraine-2024-04-24/
Quick Glance: Ukraine attacks Russian-occupied areas with long-range missiles from US, officials disclose
- Recently, Ukraine has started utilizing long-range ballistic missiles provided secretly by the United States. These missiles were employed to attack a Russian military airfield in Crimea last week and to bombard Russian forces in another occupied area overnight, as reported by American officials on Wednesday.
- A senior US military official stated on Wednesday that the White House and military planners thoroughly assessed the risks associated with providing long-range firepower to Ukraine and concluded that the current timing is suitable for their provision.
Kennedy family to endorse Biden in show of force against RFK Jr.: Biden advisers are worried RFK Jr. could swing the election.
axios.com/2024/04/18/kennedy-family-biden-endorsement-rfk-jr
South Korea Early Trade Exports Rise in Positive Sign of Economic Growth: South Korea’s exports have made a brisk start to the second quarter based on early ...
bloomberg.com/news/articles/2024-04-22/south-korea-s-early-exports-rise-as-momentum-remains-strong
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Trump loses bid to halt Jan. 6 civil cases: Donald Trump has lost a bid to pause a string of lawsuits accusing him of inciting the U.S. Capitol attack ...
apnews.com/article/trump-capitol-riot-jan-6-civil-lawsuits-7f80a140e728247ea5ec8db9d4d46eb2
US announces $1 billion package for Ukraine: The Defense Department announced a $1 billion package for Ukraine shortly after President Biden on Wednesday signed ...
thehill.com/policy/defense/4617823-us-announces-1-billion-package-for-ukraine/
South Korean court hears children's climate change case against government: South Korea's Constitutional Court began hearing on Tuesday a case that accuses the ...
reuters.com/business/environment/south-korean-court-hears-childrens-climate-change-case-against-government-2024-04-23/
Quick Glance: South Korean Court Deliberates Children's Climate Change Lawsuit Against Government
- Environmental activist Choi Jia, alongside her younger sibling Choi Heewoo, participates in a press briefing preceding the initial hearing concerning petitions asserting that the government infringed upon their human rights due to an inadequate approach to climate change.
- A public hearing regarding a lawsuit brought by twenty-four young environmental activists against the government commenced in one of South Korea's top judicial bodies on Tuesday. The plaintiffs argue that the government's negligence in addressing climate change left them unprotected.
- Maintaining that South Korea's current climate strategies fall short in containing the temperature rise to 1.5 degrees Celsius, the plaintiffs claim this breaches the state's duty to safeguard fundamental rights. Scientists caution about the dire consequences of surpassing a 1.5C temperature increase.
- During the legal proceedings, the government asserted its commitment to minimizing carbon emissions and upholding its citizens' basic rights. Nevertheless, activists expressed dissatisfaction with the government's response and urged for more concrete actions against climate change.
RFK Jr.: ‘I’m gonna put the entire US budget on blockchain’: Independent presidential candidate Robert F. Kennedy Jr. said he wants to put the “U.S ...
thehill.com/business/4611426-rfk-jr-im-gonna-put-the-entire-u-s-budget-on-blockchain/
Biden to tout first job listings in American Climate Corps program at Earth Day event
thehill.com/policy/energy-environment/4606655-biden-to-tout-first-job-listings-in-american-climate-corps-program-at-earth-day-event/
Record giant HYBE audits 'NewJeans' label as infighting returns to K-pop: South Korea's largest music company is auditing the management of one of its labels as ...
reuters.com/lifestyle/record-giant-hybe-audits-newjeans-label-infighting-returns-k-pop-2024-04-24/
Some young people see Trump as an answer to their economic woes: Concerns about Biden's age and his support of Israel in its war against Hamas in Gaza have ...
reuters.com/world/us/chance-trump-youth-rally-see-him-answer-economic-woes-2024-04-21/
North Korea hacking teams hack South Korea defence contractors - police: Major North Korean hacking groups have mounted "all-out" cyber attacks against South ...
reut.rs/3U91GIM
Pritzker says it’s ‘throwing away’ votes if Democrats backed someone other than Biden
thehill.com/homenews/campaign/4609357-pritzker-says-its-throwing-away-votes-if-democrats-backed-someone-other-than-biden/
Jill Biden calls Trump a 'bully' who is 'dangerous' to LGBTQ people: Jill Biden says former Republican President Donald Trump is a “bully” who is “dangerous” for ...
apnews.com/article/jill-biden-trump-bully-lgbtq-election-d94d9fe02ebc6ebba074d8ad3176e16c
Quick Glance: Jill Biden warns of Trump's danger to LGBTQ2S+ community
- Jill Biden warned LGBTQ2S+ voters against the re-election of Donald Trump, whom she labeled as a 'bully' and deemed dangerous to their community.
- She urged to fight against external forces working to undo the hard-won rights of the LGBTQ2S+ community.
- Voters in this demographic group overwhelmingly supported Biden in 2020, and their support is crucial for Biden's re-election.
- Jill Biden highlighted President Biden's achievements in LGBTQ2S+ rights and called for continued fight for freedom and equality.
Wild Card: The Bloomberg Open, Asia Edition: Good morning. Stocks bounced back ahead of tech earnings. South Korea’s shadow banking sounds alarm ...
bloomberg.com/news/newsletters/2024-04-22/wild-card-the-bloomberg-open-asia-edition
Senate passes reauthorization of key US surveillance program after midnight deadline
apnews.com/article/fisa-donald-trump-surveillance-congress-johnson-81e991c9f82e77b2fe13f8a3e0e25349
Clinton says Trump’s threats ‘should scare every American’: Former Secretary of State Hillary Clinton said Americans regardless of their politics should fear the ...
thehill.com/homenews/campaign/4611798-clinton-says-trumps-threats-should-scare-every-american/
Why 2024 is a lose-lose election: In 2024, Americans are being asked to decide between two forms of division — one with policies that will divide and the other a ...
thehill.com/homenews/4606512-why-2024-is-a-lose-lose-election/
Live updates: House passes Ukraine, Israel and Taiwan aid: The House has passed a key foreign aid package on Saturday. Follow here for the latest live news ...
cnn.com/politics/live-news/house-vote-ukraine-israel-taiwan-aid-04-20-24/
Quick Glance: Ukrainian President Thanks US for Weapon Aid
- Ukrainian President Zelenskyy thanked U.S. political leaders for approving an aid package for Ukraine, providing the country with a chance at "victory" in its defense against Russia.
- The House passed a bill granting Ukraine $60.8 billion in aid, with Zelenskyy urging swift Senate approval to ensure rapid assistance to frontline soldiers.
- Zelenskyy emphasized the critical need for long-range weapons and air defense systems to stabilize the situation and regain the initiative in Ukraine.
- He addressed rumors of a territorial deal with Russia, emphasizing the importance of a strategy based on concrete democratic measures to end the war.
US Senate dismisses first of two impeachment charges against Mayorkas: The U.S. Senate on Wednesday dismissed the first of two impeachment charges against ...
reut.rs/445F9ky
South Korea’s ‘Luke Skywalker’ strikes blow against President Yoon : Convicted former justice minister helps deliver resounding electoral victory for leftwing ...
ft.com/content/747fa044-81e5-4bbe-8c97-eb4145a9783c
Quick Glance: South Korea’s ‘Luke Skywalker’ Triumphs Against President Yoon
- Former minister Cho Kuk aids in leftwing alliance's electoral victory
- Former justice minister Cho Kuk, convicted on corruption charges, played a pivotal role in the defeat of conservative President Yoon Suk Yeol in parliamentary elections.
- Cho calls for Yoon and PPP leader Han Dong-hoon, both former prosecutors, to be held accountable for abuse of power.
- The leftwing alliance narrowly missed the 200-seat mark that would have allowed them to bypass a presidential veto. Yoon now faces over three years as a lame duck, while the country heads towards more than three years of stagnation.
Just 10 percent in new poll have heard a lot about Biden climate action : Despite President Biden making climate change a central issue of his administration ...
thehill.com/policy/energy-environment/4614746-just-10-percent-in-new-poll-have-heard-a-lot-about-biden-climate-action/
Congress Passed a Bill That Could Ban TikTok. Now Comes the Hard Part.: After President Biden signs the bill to force a sale of the video app or ban it ...
nytimes.com/2024/04/23/technology/tiktok-ban-bill-congress.html
Quick Glance: San Francisco's Real Estate Market in Turmoil
- The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.
- In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.
- Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'
- San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.
Korean Crypto Boom: Upbit Now a Top Global Exchange by Volume: The beating heart of the crypto bull market sweeping the world isn’t Miami, Paris or the Middle ...
bloomberg.com/news/articles/2024-04-25/korean-crypto-boom-upbit-is-now-a-top-global-exchange-by-volume
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Biden to make Pa. swing, tout economic plans and compare his policies to Trump’s
pennlive.com/news/2024/04/biden-to-visit-pa-three-times-this-week-touting-economic-plans-comparing-his-policies-to-trumps.html
Paid articlePaidQuick Glance: Trump Narrows Gap with Young Voters, Biden's Lead Shrinks - Survey Results
- A new poll shows that former President Donald Trump continues to reduce his deficit with young voters compared to President Joe Biden.
- In the Harvard Youth Poll released on Thursday, Biden leads among 18- to 29-year-olds with 45 percent compared to 37 percent for Trump, while 16 percent are undecided.
- Biden holds a significant lead among likely voters who are non-white or female. He outperforms Trump by 47 points among college graduates and by 23 points among students.
- The survey also indicates that Trump's younger supporters are much more enthusiastic about the former president than their peers who support Biden, and that Biden's approval rating among young adults is only at 31 percent.
Most don’t think Trump acted illegally in hush money case: Poll: With former President Trump’s first criminal trial officially underway, most Americans don’t ...
thehill.com/regulation/court-battles/4596627-most-dont-think-trump-acted-illegally-in-hush-money-case-poll/
Quick Glance: Twelve Jurors Seated in Trump's Hush Money Trial
- A jury of 12 individuals was empaneled on Thursday in the landmark hush money trial of former President Donald Trump, bringing the proceedings closer to opening arguments and the commencement of weeks filled with compelling testimonies.
- The upcoming trial is anticipated to present unfavorable testimonies regarding Trump's personal life pre-presidency, including accusations of manipulating business records to suppress narratives in the final days of the 2016 election surrounding his intimate relationships.
- Central to the trial is a payment of $130,000 made by Cohen just before the 2016 election to adult film actress Stormy Daniels, aimed at preventing her allegations of a sexual encounter with Trump from being publicized in the campaign's final stretch.
- The selection of the jury holds paramount significance in any criminal proceeding, particularly so when the accused is a former president and the presumed Republican candidate. Potential jurors have undergone extensive scrutiny concerning their online presence, personal backgrounds, and political stances as legal representatives and the judge meticulously scrutinize for partialities that could compromise their impartiality.
Senate passes TikTok ban: Once President Joe Biden signs it into law, as he's said he will, ByteDance will have 270 days to sell TikTok to an American company.
businessinsider.com/senate-passes-tiktok-ban-2024-4
Quick Glance: Implications of a TikTok Ban on China's Technology Plans and Global Digital Divide
- TikTok is at a critical juncture in America as its Chinese owner must complete the sale of the app within a year to avoid a ban in its largest market.
- The potential TikTok ban would not only greatly weaken China's technology ambitions but also deepen the divide between the digital worlds of rival economic superpowers.
- The potential enforcement of a TikTok ban could expedite a transformation that divides the world's technological landscape into two factions, one around the US and the other around technologies from China.
- Chinese companies and apps operating in the US are encountering increasing challenges as the US government implements measures to restrict the access of Chinese companies to the market.
Biden condemns ‘antisemitic protests’ and ‘those who don’t understand what’s going on with the Palestinians’
thehill.com/homenews/administration/4612553-biden-antisemitic-protests-palestinians-israel-gaza-hamas-columbia/
Alabama Senate passes measure ensuring Biden can be on ballot: The Alabama State Senate unanimously approved a measure Tuesday that would ensure President Biden ...
thehill.com/homenews/campaign/4617607-alabama-senate-passes-measure-ensuring-biden-can-be-on-ballot/
Democrats pulling out all the stops against RFK Jr.: Democrats are taking extraordinary steps to prevent Robert F. Kennedy Jr. from hindering their efforts to ...
thehill.com/homenews/campaign/4606148-rfk-jr-robert-f-kennedy-jr-nicole-shanahan-libertarian-democrats-joe-biden-donald-trump/
South Korea Q1 GDP growth smashes estimates, but outlook's uncertain: The South Korean economy grew at the fastest pace in more than two years in the first ...
reuters.com/markets/asia/south-korea-q1-gdp-13-qq-beating-forecast-2024-04-24/
Quick Glance: South Korea Q1 GDP Growth Exceeds Estimates
- The South Korean economy grew faster than expected in the first quarter, driven by an increase in domestic consumption and robust exports. However, the sustainability of the recovery was questioned.
- GDP for the January-March quarter grew by 1.3%, marking the sharpest expansion since the fourth quarter of 2021 and surpassing all forecasts.
- Growth in domestic demand was the main factor behind the stronger-than-expected GDP, with private consumption increasing by 0.8%. Analysts expressed uncertainty regarding the long-term strength of economic growth.
- Despite a rebound in exports and an increase in government spending, uncertainty remains regarding inflation outlook and monetary policy, as the Bank of Korea reconsiders its economic growth projections for 2024.
LG Energy Solution to license out battery patents to block tech infringement, exec says
reuters.com/technology/lg-energy-solution-license-out-battery-patents-block-tech-infringement-exec-says-2024-04-24/
Hyundai pauses ads on X over brand safety issues: South Korea's Hyundai said on Friday that it had paused advertising on X, formerly known as Twitter ...
reuters.com/business/autos-transportation/hyundai-pauses-ads-x-over-brand-safety-issues-2024-04-19/
Sullivan blasts Biden’s moves to restrict drilling and mining in Alaska as ‘national security suicide’
thehill.com/homenews/senate/4610056-sullivan-blasts-bidens-moves-to-restrict-drilling-and-mining-in-alaska-as-national-security-suicide/
Trump’s court conduct gives Democrats a ‘Sleepy Joe’ retort : Democrats, including President Biden’s campaign, have been eager to promote reports that former ...
washingtonpost.com/politics/2024/04/19/biden-trump-court-sleeping/
North Korea fires missile off east coast, South Korea, Japan say: North Korea fired a ballistic missile on Monday towards the sea off its east coast ...
reuters.com/world/asia-pacific/north-korea-fires-missile-off-east-coast-south-korea-japan-say-2024-04-22/
Cornel West: Both parties ‘beyond redemption’: Independent presidential candidate Cornel West said both major American political parties are beyond saving in an ...
thehill.com/homenews/campaign/4617690-cornel-west-both-parties-beyond-redemption/
Biden needs to face facts: He’s still losing to Trump : For President Biden and the Democrats, thing are looking ugly in November.
thehill.com/opinion/campaign/4604865-biden-needs-to-face-facts-hes-still-losing-to-trump/
US House approves aid package worth billions for Ukraine, Israel: Democratic-majority Senate is expected to vote on the bill next week, sending it to President ...
aljazeera.com/news/2024/4/20/us-house-approves-aid-package-worth-billions-for-ukraine-israel
It looks like Trump will regret RFK Jr.'s campaign: President Joe Biden leads former President Donald Trump in an NBC News survey when third-party candidates ...
businessinsider.com/trump-hurt-by-robert-f-kennedy-campaign-poll-2024-4
Quick Glance: Trump Uncertain About Impact of RFK Jr. on Election
- While publicly expressing confidence, Trump is unsure how independent presidential candidate RFK Jr. will influence the election.
- An NBC News poll revealed Kennedy has a stronger negative impact on Trump than Biden, as Republicans view him more favorably.
- Kennedy attracts voters from both major parties and faces criticism from both sides, creating a dynamic election campaign.
- Democrats fear Kennedy's fame and political stances may jeopardize support for Biden, while Republicans criticize his environmental and anti-corporate positions.
Biden is seeking higher tariffs on Chinese steel as he courts union voters: President Joe Biden wants to triple U.S. tariffs on steel from China ...
apnews.com/article/biden-china-steel-tariffs-union-workers-0399b0450b67086ca86edc43ac45e5e9
Quick Glance: Joe Biden Calls for Significant Increase in Tariffs on Chinese Steel
- US President Joe Biden is pushing for an increase in tariffs on Chinese steel and aluminium to strengthen union support in the swing state of Pennsylvania.
- During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.
- The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.
- The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
Biden to mark Earth Day with new solar energy funds and climate corps actions: The solar energy funding could create around 200,000 jobs, according to the White ...
axios.com/2024/04/22/biden-earth-day-climate-corps
Turns Out RFK Jr. IS a Spoiler Candidate—For Trump, Not Biden, Poll Finds: An NBC News poll found Republican respondents viewed Robert F. Kennedy Jr ...
thedailybeast.com/turns-out-rfk-is-a-spoiler-candidatefor-trump-not-biden-poll-finds
On Earth Day, Biden is launching a new site to apply for Climate Corps jobs: President Biden has been trying to get young voters excited about his 2024 ...
n.pr/3UnVuhb
Biden seeks to make Trump the face of anti-abortion movement: The Biden campaign is seeking to make former President Trump the face of the anti-abortion movement ...
thehill.com/homenews/campaign/4600427-joe-biden-donald-trump-abortion-roe-v-wade-abortion-ban/
Quick Glance: Arizona Republicans foil another effort to repeal 1864 abortion ban
- Arizona House Republicans once again thwarted an attempt on Wednesday to repeal the state's nearly complete abortion ban from 1864, leaving Democrats without a vote on their repeal bill for the second consecutive week.
- Despite facing pressure from influential conservatives, such as former President Trump and Senate hopeful Kari Lake, urging GOP leaders to lift the ban, the Republicans blocked the repeal.
- State House Democrats made a procedural maneuver to attempt to suspend House rules and bring the repeal bill to the floor for discussion. However, this action was rejected by the GOP majority, with only one Republican, Representative Matt Gress, crossing party lines to support bringing up the repeal bill.
- A similar endeavor to repeal the ban was obstructed by Republicans last week. Following persistent criticism of the law by Democrats both within and outside the state throughout the week, prominent figures like Trump and Lake recognized the political risks and advocated for a change in direction within the Legislature.
House Approves Bill Banning TikTok in the US (Again): Congress tries again with a TikTok ban, this time bundling it into a foreign aid package.
uk.pcmag.com/mobile-apps/151942/a-bill-banning-tiktok-in-the-us-just-passed-the-house
What the cost of insulin may mean for Biden's campaign: President Joe Biden frequently cites insulin prices as he promotes a $35 price cap for Americans with ...
apnews.com/article/biden-insulin-prices-cap-campaign-impact-f969191c3c5178c91cc973a1b89c2200
Exclusive: South Korea considers easing bond market reporting rules, sources say: South Korea is considering easing real-time reporting requirements for ...
reuters.com/markets/asia/south-korea-considers-easing-bond-market-reporting-rules-sources-say-2024-04-24/
Quick Glance: South Korea Contemplates Easing Bond Market Reporting Rules
- South Korea is considering relaxing reporting requirements for investors in the bond market to facilitate inclusion in FTSE Russell's global bond index.
- Proposed changes may reduce reporting to once or twice daily and address a later reporting deadline.
- Easing these regulations could enhance the prospects of South Korean bonds being included in FTSE Russell's WGBI and attract billions of dollars in capital inflows.
- Recent reforms in South Korea aim to improve foreign investor access, including the elimination of a 30-year-old rule for foreign stock traders.
North Korean official lambasts US over sanctions, state media says: North Korea will take more action to maintain its military power despite U.S ...
reuters.com/world/asia-pacific/north-korean-official-lambasts-us-over-sanctions-state-media-says-2024-04-24/
Trump to make history as first US president to face criminal trial: It’s a day former President Trump hoped would never come. After a relentless pursuit for ...
thehill.com/regulation/court-battles/4590650-trump-to-make-history-as-first-us-president-to-face-criminal-trial/
Quick Glance: Trump Faces Landmark Trial Over Hush Money Case
- Donald Trump will go down in history as the first former president to stand trial in Manhattan on criminal charges. The historic case revolves around a potential sex scandal cover-up just days before the 2016 elections.
- The prosecution alleges that Trump falsified business records to hide hush money payments aimed at influencing the election outcome. Trump maintains his innocence and refutes any involvement with Stormy Daniels.
- The trial will feature key witnesses from Trump's inner circle testifying against him, including Michael Cohen and David Pecker. It will delve into the Oval Office, where Trump allegedly approved the cover-up.
- Prosecutors must prove that Trump falsified business records with intent to commit or conceal another crime. Trump's defense is likely to focus on the legality of the hush money payments and attempt to distance him from the accounting handled by his employees.
Dems bank on Trump trial boosting Biden: Democrats are hopeful that President Biden’s freedom to hit the campaign trail while former President Trump is stuck in ...
thehill.com/homenews/campaign/4598183-democrats-bank-trump-trial-boosting-biden/
Zelensky lauds House passage of Ukraine aid bill: ‘This is a solution for protecting life’
thehill.com/policy/international/4608582-zelensky-lauds-house-passage-of-ukraine-aid-bill/
Samsung execs have to work 6 days a week now: report: Samsung reportedly wasn't happy with its performance last year, so execs will be working Saturdays or ...
businessinsider.com/samsung-executives-six-day-work-week-report-2024-4
Quick Glance: Samsung Executives: New Work Schedule and Economic Challenges
- Samsung Group is introducing a six-day workweek for executives in response to economic challenges and disappointing results in 2023.
- The sudden change aims to create a sense of urgency and promote efforts to overcome the situation. The new work schedule takes effect immediately in most of Samsung's technology divisions.
- The work culture in South Korea is renowned for its intensity. In 2022, the average worker spent 1,901 hours at work.
- Recent data shows that Samsung has regained the top position in global smartphone shipments. First-quarter 2024 results are expected on April 30.
More Americans worried about climate change, but few think Biden's climate law will help, AP-NORC poll says
pbs.org/newshour/politics/more-americans-worried-about-climate-change-but-few-think-bidens-climate-law-will-help-ap-norc-poll-says
South Korea set to adjust medical reforms in bid to end walkout, say media reports
reut.rs/3vXMaHs
Quick Glance: South Korea adjusts medical school quotas to resolve walkout
- Government to let medical schools determine admissions to end junior doctor strike.
- Acceptance of proposal to reduce increase in medical school admissions by up to 50%.
- Dispute over adding 2000 more physicians by 2035, with 32 medical schools allowed to lower quotas for 2022.
- President Yoon advocates for more doctors, while protesting physicians demand better working conditions and criticize government's approach.
Biden calls on trade rep to consider tripling tariffs on Chinese steel: The White House on Wednesday rolled out a slew of actions intended to protect the U.S ...
thehill.com/homenews/administration/4598293-biden-calls-on-trade-rep-to-consider-tripling-tariffs-on-chinese-steel/
Quick Glance: Biden vows to keep U.S. Steel in American hands
- President Joe Biden emphasized in a speech in Pittsburgh his commitment to keeping U.S. Steel in American hands and cracking down on unfair Chinese trade practices while lauding his successes in creating jobs and expanding manufacturing in the U.S.
- The United Steelworkers recently endorsed the president for re-election, and Biden has sided with the union in opposing the sale of U.S. Steel to Japanese company Nippon Steel Corp.
- The president announced plans to triple the existing tariffs on Chinese steel and aluminum to ensure fair competition for American workers, while speaking out against China's unfair trade practices.
- Despite a growing economy, perceptions of the economy remain Biden's major weakness, as critics question his policies and opponents highlight ongoing economic challenges.
Trump's map edge: Biden has tougher path to victory, veteran Dem adviser says: Longtime Democratic adviser Doug Sosnik says that while either candidate can win ...
axios.com/2024/04/22/biden-trump-path-win-election-electoral-college
Warner: Military equipment will be ‘in transit’ to Ukraine by next week if Biden signs bill
thehill.com/homenews/senate/4609587-warner-military-equipment-will-be-in-transit-to-ukraine-by-next-week-if-biden-signs-bill/
On Earth Day, Biden Announced $7 Billion in Solar Investments: Here in the U.S., President Biden is announcing a $7 billion investment in solar energy in an ...
democracynow.org/2024/4/22/headlines/on_earth_day_biden_announced_7_billion_in_solar_investments
USA 2024 elections: The latest polls on Trump and Biden: Elections will be held in the USA in November. Two old acquaintances are battling it out for the ...
nzz.ch/international/wahlen-usa-2024-die-neusten-umfragen-zu-trump-und-biden-ld.1824999
BREAKING: The US Senate dismissed both charges of illegal conduct by Homeland Security Secretary Alejandro Mayorkas, as Democrats successfully defended ...
reut.rs/3U4exM9
Opinion | Gaza Is Biden’s War Now: The president didn’t start the war in the Middle East. But now it could define his campaign — and his legacy.
nytimes.com/2024/04/19/opinion/biden-gaza-war.html
Biden assures Zelensky US will ‘quickly provide’ security package after it clears Congress
trib.al/I4b7smP
Gina Raimondo says ‘we’ve out-innovated China’ amid chips war: Commerce Secretary Gina Raimondo proudly held up the progress of American industry on ...
thehill.com/homenews/administration/4609895-gina-raimondo-says-weve-out-innovated-china-amid-chips-war/
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