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South Korea warns Joe Biden’s EV subsidy scheme at risk of ‘collapse’: Seoul’s trade minister says China’s grip on graphite threatens Inflation Reduction Act ...
ft.com/content/7a7ba474-7068-46fc-89da-19d87e83f9d3
Quick Glance: South Korea warns of Joe Biden's EV subsidy scheme collapse
- Seoul’s trade minister warns of China's grip on graphite jeopardizing the Inflation Reduction Act incentives.
- Chinese companies control a significant portion of the global battery graphite market, risking qualification for Biden's subsidies.
- South Korean companies are already investing billions in technology facilities in the US to capitalize on subsidies.
- South Korea emphasizes the need to strengthen supply chain resilience and create new partnerships to reduce dependence on China.
North Korea leader Kim Jong Un inspects test-firing of multiple launch rockets, KCNA says
reuters.com/world/asia-pacific/north-korea-leader-kim-jong-un-inspects-test-firing-multiple-launch-rockets-kcna-2024-04-25/
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.
Wealthy Koreans are twice as happy with life as non-rich: bank report : The richer people are, the more satisfied they are with their life and appearance ...
koreatimes.co.kr/www/biz/2024/04/175_373483.html
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: USA Provides Ukraine with Long-Range ATACMS Missiles
- The USA delivered short-range ATACMS missiles with extended range to Ukraine to protect the country.
- The delivery was discreet, part of an aid package to maintain Ukraine's operational security.
- The USA previously provided ATACMS missiles with a range of 165 km last year, now supplying missiles with up to 300 km range.
- Germany rejects providing the Taurus missile while the USA offers extensive aid to Ukraine.
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.
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.
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.
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.
How US allies are preparing for a possible second Trump term - Asia & Pacific - The Jakarta Post
thejakartapost.com/world/2024/04/25/how-us-allies-are-preparing-for-a-possible-second-trump-term.html
LG Energy Solution to minimise capex this year due to slow EV demand: South Korean battery maker LG Energy Solution (LGES) said on Thursday it plans to minimise ...
reuters.com/technology/battery-firm-lg-energy-solution-q1-profit-plunges-weak-ev-sales-2024-04-25/
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/
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.
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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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
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.
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/
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.
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
Hank Bank team serves guest workers in Korea: Banking services for guest workers are becoming increasingly crucial, as more foreign workers are entering and are ...
koreatimes.co.kr/www/biz/2024/04/126_373411.html
Everland celebrates spring with historic flower festivals: YONGIN, Gyeonggi Province — Everland, Korea's largest theme park, greets springtime picnickers with ...
koreatimes.co.kr/www/culture/2024/04/141_373444.html
Crypto.com delays Korean market entry indefinitely : Crypto.com's entry into the Korean market has been delayed indefinitely due to regulatory issues.
koreatimes.co.kr/www/biz/2024/04/816_373373.html
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
Executives at Samsung now have to work six days instead of five: Because of the poor business figures for 2023, a “feeling of crisis” is intended to be conveyed ...
derstandard.at/story/3000000216674/fuehrungskraefte-bei-samsung-muessen-nun-sechs-statt-fuenf-tage-arbeiten
U.S. official says Kishida and Yoon deserve Nobel Peace Prize: WASHINGTON/SEOUL -- A senior U.S. official said Wednesday that the leaders of Japan and South ...
asia.nikkei.com/Politics/Japan-South-Korea-ties/U.S.-official-says-Kishida-and-Yoon-deserve-Nobel-Peace-Prize
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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/
South Korean sentenced to 14 months in jail for killing 76 cats: SEOUL: A South Korean man has been sentenced to 14 months in prison for killing 76 cats in one ...
channelnewsasia.com/asia/south-korean-man-sentenced-14-months-jail-killing-76-cats-4285821
South Korea's economy likely saw steady economic growth in Q1: Reuters poll: South Korea's economy likely grew 0.6% last quarter, maintaining the same pace of ...
reuters.com/markets/asia/south-koreas-economy-likely-saw-steady-economic-growth-q1-2024-04-23/
Seoul studies $99K cash incentive for each child born: If implemented, it would be South Korea's most generous baby incentive ever.
straitstimes.com/asia/east-asia/seoul-studies-99k-cash-incentive-for-each-child-born
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/
South Koreans sue government over climate change, saying it's violating human rights
npr.org/2024/04/24/1246784475/south-korea-lawsuit-government-climate-change-violating-human-rights
Police operation: Store opening of Berlin brand 032c in Seoul calls for law enforcement officers
berliner-zeitung.de/stil-individualitaet/polizei-einsatz-store-opening-von-berliner-marke-032c-in-seoul-ruft-ordnungshueter-auf-den-plan-li.2209134
South Korean nuclear fusion reactor sets new record, and other technology news you need to know
weforum.org/agenda/2024/04/nuclear-fusion-record-technology-news-april-2024/
F-4 Phantoms Conduct Final Popeye Missile Firing Before South Korea Bids Them Farewell
twz.com/news-features/f-4-phantoms-conduct-phinal-popeye-missile-live-fire-before-south-korea-bids-them-pharewell
South Korea, Romania pledge defence cooperation amid reports of contract in works
reuters.com/world/south-korea-romania-pledge-defence-cooperation-amid-reports-contract-works-2024-04-23/
Unruly Korean passenger forces flight from Europe to make emergency landing : A Korea-bound flight from Hungary had to make an emergency landing in Kazakhstan on ...
koreatimes.co.kr/www/nation/2024/04/113_373368.html
Hyundai Motor to bolster hybrid sales amid falling EV sentiment : Hyundai Motor will boost sales of its hybrid cars and SUVs as part of its key strategy to ...
koreatimes.co.kr/www/tech/2024/04/419_373481.html
North Korea Launches Suspected Ballistic Missile, South Says: North Korea fired a suspected ballistic missile Monday, South Korea’s military and Japan’s Coast ...
bloomberg.com/news/articles/2024-04-22/north-korea-launches-suspected-ballistic-missile-south-says
Convenience stores become popular sales platform for small gold bars : Amid rising gold prices, Koreans are hoarding gold sold at convenience stores as an ...
koreatimes.co.kr/www/biz/2024/04/126_373482.html
Why East Asia is simply better at Pisa: East Asian countries regularly perform best in the PISA study. This is due to teaching and Confucius ...
spektrum.de/news/bildungsmisere-warum-ostasien-einfach-besser-ist-bei-pisa/2203434
North Korea fires unidentified missile into sea in latest weapons launch, South Korea says
go.france24.com/Rio
Samsung workers threaten biggest ever union action: Tech Latest by Nikkei Asia brings you the newest updates from Asia's technology industry ...
asia.nikkei.com/Spotlight/Podcast/Podcast-News-Roundup/Samsung-workers-threaten-biggest-ever-union-action
South Korea's 'first' sex festival gets cancelled. Here's what changed its fate
wionews.com/world/south-koreas-first-sex-festival-gets-cancelled-heres-what-changed-its-fate-714830
South Korea and U.S. hold largest combined air force drills : KUNSAN AIR BASE, South Korea -- U.S. and South Korean F-35 fighter jets emit an ear-splitting ...
asia.nikkei.com/Politics/Defense/South-Korea-and-U.S.-hold-largest-combined-air-force-drills
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Aerospace professor, ex-NASA executive to lead inaugural Korean space agency: President Yoon Suk Yeol named aerospace engineering professor Yoon Young-bin as the ...
koreatimes.co.kr/www/tech/2024/04/133_373386.html
Kep1er in talks to extend group activities : Project girl band Kep1er, formed via the 2021 audition show 'Girls Planet 999,' is in talks to extend its group ...
koreatimes.co.kr/www/art/2024/04/732_373489.html
Korean Lithium Refiner Ecopro Cuts Output on Weakening EV Demand: South Korean metals refiner Ecopro Innovation Co. has cut production of lithium hydroxide used ...
bloomberg.com/news/articles/2024-04-22/korean-lithium-refiner-ecopro-cuts-output-on-weakening-ev-demand
Korea coach wary of upstart Indonesia at Olympic football qualifiers : Korea defeated Japan 1-0 in their final group stage match at the Olympic men's football ...
koreatimes.co.kr/www/sports/2024/04/600_373247.html
Imported liquor prices set to increase amid high exchange rate, logistics costs : Various imported liquors here are raising their prices due to the strengthening ...
koreatimes.co.kr/www/tech/2024/04/419_373468.html
Earth Day 2024: South Korean environmentalists organise fashion show featuring plastic wastes
wionews.com/videos/earth-day-2024-south-korean-environmentalists-organise-fashion-show-featuring-plastic-wastes-713875
When China Banned Korean Boy Bands: Back in 2017, when South Korea opted to deploy the U.S. THAAD system, one response from China was to ban K-pop acts from ...
buff.ly/3WbXF95
Kim Min-jae, Lee Kang-in close to special final : A South Korean player has yet to really enjoy a final of the UEFA Champions League, the biggest club game in ...
koreatimes.co.kr/www/sports/2024/04/600_373122.html
Patients brace for resignations of medical professors and weekly shutdowns : Patients are growing increasingly anxious as medical professors vow to resign or ...
koreatimes.co.kr/www/nation/2024/04/119_373399.html
Young Koreans ditch SMEs, prefer conglomerates: Young Koreans are increasingly shunning working for small and medium-sized enterprises (SMEs) despite the falling ...
koreatimes.co.kr/www/biz/2024/04/602_373200.html
Mastermind behind virtual band PLAVE attributes success to humanism : In the dynamic world of K-pop, PLAVE has emerged as a trailblazer with its five virtual ...
koreatimes.co.kr/www/art/2024/04/732_373237.html
The fate of Korea's 'first and biggest' sex festival: It was to feature events like a bondage fashion show. But then the authorities cracked down.
bbc.com/news/world-asia-68879492
Turkish officer honored for heroic sacrifice during Korean War : Mehmet Gonenc, a Turkish artillery officer, was remembered for his heroic sacrifice during the ...
koreatimes.co.kr/www/nation/2024/04/120_373228.html
South Korean cafe Hollys readies first Japanese outpost in Osaka: OSAKA -- South Korean cafe chain Hollys opens its first Japanese location next week in Osaka ...
asia.nikkei.com/Business/Food-Beverage/South-Korean-cafe-Hollys-readies-first-Japanese-outpost-in-Osaka
Korea, Romania to bolster cooperation in defense, nuclear energy: President Yoon Suk Yeol and Romanian President Klaus Iohannis held a summit in Seoul, Tuesday ...
koreatimes.co.kr/www/nation/2024/04/120_373286.html
Kim's North Korea Test New 'Super-Large Warhead' for Nuclear Missile: Pyongyang said on Friday it also test-fired its new Pyoljji-1-2 anti-aircraft missile in ...
newsweek.com/north-korea-tests-new-warhead-nuclear-missile-1892635
Chinese EV startup Nio sets starting price for new version of ET7 sedan: Chinese electric vehicle (EV) startup Nio has set the starting price of the new version ...
reuters.com/business/autos-transportation/chinese-ev-startup-nio-sets-starting-price-new-version-et7-sedan-2024-04-25/
[INTERVIEW] AIMMO eyes global expansion in AI-driven self-driving market : AIMMO, predicting increased use of AI technology for data collection and utilization ...
koreatimes.co.kr/www/tech/2024/04/133_373268.html
[INTERVIEW] NCT's Doyoung embraces individuality in solo debut album 'Youth'
koreatimes.co.kr/www/art/2024/04/732_373198.html
Over 4 in 5 unprepared for post-retirement income drop: report : More than 81 percent of Koreans are not prepared for retirement, a study showed Monday.
koreatimes.co.kr/www/biz/2024/04/488_373219.html
U.S. and S. Korea to meet on American troop costs this week | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/15242292
Theater restaurant offers Shakespeare-inspired menu: Central Yunit, a farm-to-table restaurant located inside the National Theater of Korea ...
koreatimes.co.kr/www/culture/2024/04/141_373152.html
Watch: K-Pop singer Aoora sings in Assamese as he collaborates with Nilotpal Bora in a new folk song
scroll.in/video/1066988/watch-k-pop-singer-aoora-sings-in-assamese-as-he-collaborates-with-nilotpal-bora-in-a-new-folk-song
MBK Partners acquires pharmaceutical wholesaler Geo-Young from Blackstone: MBK Partners has acquired a major stake in pharmaceutical wholesaler Geo-Young ...
koreatimes.co.kr/www/biz/2024/04/175_373212.html
Prosecution releases mug shot of suspect who killed estranged girlfriend : Prosecutors on Monday disclosed the photo and identity of a murder suspect indicted on ...
koreatimes.co.kr/www/nation/2024/04/251_373187.html
North Korea launches ballistic missile: Japan's Defense Ministry announced on Monday afternoon that North Korea launched at least one ballistic missile ...
www3.nhk.or.jp/nhkworld/en/news/backstories/3275/
Inspired by reality TV, Buddhist monks become matchmakers: Three monks, a horde of reporters and 20 singles looking for love walked into a Buddhist temple in ...
latimes.com/world-nation/story/2024-04-22/inspired-by-reality-tv-buddhist-monks-become-matchmakers
Philippine-U.S. drills, South Korea GDP, Beijing revives auto show: Welcome to Your Week in Asia.It's a busy week of diplomacy as U.S. Secretary of State ...
asia.nikkei.com/Spotlight/Your-Week-in-Asia/Philippine-U.S.-drills-South-Korea-GDP-Beijing-revives-auto-show
Korea donates AI medical image analysis system to UAE : Korea has donated an advanced medical imaging analysis system to a military hospital in the United Arab ...
koreatimes.co.kr/www/nation/2024/04/120_373166.html
AI Is Transforming Drug Matching for Cancer, Rare Diseases — Here's How: Pharmaceutical startup Transcripta Bio uses AI to match existing medications to new ...
entrepreneur.com/business-news/ai-is-transforming-drug-matching-for-cancer-rare-diseases/473196
Microsoft cloud growth accelerates on back of AI push: Microsoft saw a pickup in the segment containing video games after buying publisher Activision Blizzard in ...
cnbc.com/2024/04/25/microsoft-msft-q3-earnings-2024.html
A Nvidia-backed startup just unveiled AI avatars that can express human emotions: Synthesia introduced its fourth-generation "Expressive Avatars ...
qz.com/synthesia-introduces-ai-avatars-human-expression-nvidia-1851434555
Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs
techcrunch.com/2024/04/24/xaira-an-ai-drug-discovery-startup-launches-with-a-massive-1b-says-its-ready-to-start-developing-drugs/
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