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| Last Updated | Mar 24 |
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What’s Next For Spain After PM Pedro Sanchez Threatened to Quit?
bloomberg.com/news/articles/2024-04-26/what-s-next-for-spain-after-pm-pedro-sanchez-threatened-to-quit
Quick Glance: Spain's PM faces pressure over wife's corruption probe
- A Madrid court confirmed an investigation against Begoña Gómez for alleged influence peddling and corruption.
- Sánchez criticized the complaint as part of a harassment campaign against his wife.
- The probe relates to Gómez's ties to companies that received government funding.
- The opposition pushed for a statement from her regarding the investigation.
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
ft.com/content/7a7ba474-7068-46fc-89da-19d87e83f9d3
Quick Glance: South Korea Warns of Collapse of US Subsidies Due to Chinese EV Supply Chain Dominance
- China’s grip on the EV supply chain threatens US subsidies, warns South Korea.
- South Korea warns that China’s control over a crucial battery material will make it nearly impossible for any electric vehicle makers to qualify for President Joe Biden's subsidy scheme.
- The United States announced last week that they will provide up to $6.4 billion in federal subsidies to the South Korean technology giant Samsung Electronics, investing $40 billion in its Texas facilities for cutting-edge logic chips, advanced packaging, and next-generation chip technology research and development.
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.
Kenya helicopter crash kills country's military chief: A military helicopter carrying senior military officers crashed and caught fire, killing ten people.
bbc.com/news/world-africa-68846778
The Anglosphere has an advantage on immigration: English-speaking countries generally do better at both attracting and integrating talent
ft.com/content/c6bb7307-484c-4076-a0f3-fc2aeb0b6112
UK announces $620 million in new military aid for Ukraine and plan to up own defense spending
apnews.com/article/poland-uk-nato-ukraine-sunak-military-aid-be9fa8b106eda83c2da140e0f2774fcb
Quick Glance: UK Boosts Defense Spending, Provides $620 Million Military Aid to Ukraine
- British Prime Minister Rishi Sunak announced an increase in defense spending to 2.5% of GDP by the end of the decade, along with a pledge to provide Ukraine with new military aid totaling $620 million, including weapons, armored vehicles, and ammunition.
- Sunak described the heightened spending as the most significant strengthening of national defense in a generation, emphasizing the need to remain vigilant in the face of current geopolitical threats.
- The UK commits to an additional £75 billion in defense spending over the next six years, aiming to raise defense expenditure to 2.5% of GDP, reaffirming a target set by Boris Johnson in 2022.
- The announcement followed similar moves by the US, approving $61 billion in aid for Ukraine, signaling an escalated international response to Russia's aggression in Ukraine.
North Korea accuses US of politicizing human rights issues: North Korea accused the United States on Saturday of politicizing human rights in the East Asian ...
reuters.com/world/north-korea-accuses-us-politicizing-human-rights-issues-2024-04-27/
Quick Glance: North Korea accuses US of politicizing rights concerns
- North Korea accuses the United States of politically instrumentalizing human rights in the East Asian country, condemning it as political provocation and conspiracy.
- Pyongyang criticized Washington for using human rights as a means for invasions and hostile behavior towards North Korea, threatening decisive actions to safeguard its sovereignty and safety.
- An annual report by the US State Department this week highlighted 'significant human rights issues' in North Korea, including arbitrary killings, enforced disappearances, torture, and other cruel treatments by government authorities.
- Additionally, North Korea criticized the US for urging them to cease missile launches and emphasized the continuation of their space reconnaissance mission to enhance the country's security.
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.
US, South Korea outline visions for cost-sharing on troops, US negotiator says: U.S. and South Korean officials outlined respective visions for a new agreement ...
reuters.com/world/us-south-korea-outline-visions-cost-sharing-troops-us-negotiator-says-2024-04-26/
Quick Glance: US, South Korea Lay Out Plans for Troop Cost-Sharing
- U.S. and South Korean officials outlined their respective proposals for a new agreement regarding cost-sharing for the maintenance of American troops in South Korea in recent discussions and will continue to engage in consultations as needed, according to the chief U.S. negotiator.
- Designated envoys have been appointed to commence early discussions for a forthcoming agreement set to come into effect in 2026.
- Amid Trump's term in office, there were extensive negotiations before Seoul eventually agreed to boost its financial commitment by 13.9% compared to the previous 2019 arrangement, where Seoul annually contributed around $920 million.
- As per the U.S. Government Accountability Office, the U.S. Defense Department allocated approximately $13.4 billion in South Korea between 2016 and 2019 for military salaries, infrastructure development, and upkeep, while South Korea provided $5.8 billion to support the U.S. presence.
West is best? How we stack up against Australia: Running a quick stock take on the NZ and Aussie economies, Australia comes out on top.
newsroom.co.nz/2024/04/23/west-is-best-how-we-stack-up-against-australia/
South Korea men's soccer team falls to Indonesia, misses Paris Olympics: DOHA, Qatar (AP) -- South Korea will miss the men's soccer tournament at the ...
asia.nikkei.com/Spotlight/Sports/South-Korea-men-s-soccer-team-falls-to-Indonesia-misses-Paris-Olympics
Quick Glance: South Korea's Olympic Qualification Hopes Dashed by Indonesia Defeat
- South Korea's men's soccer team will miss out on the Olympic football tournament for the first time since 1984 after a loss to Indonesia in the Under-23 Asian Cup quarterfinals that went to a penalty shootout.
- Indonesia secured a spot in the last four teams by winning the penalty shootout 11-10, with the game ending 2-2 after extra time.
- Despite Jeong Sang-bin's equalizer with 14 minutes left, and being down to 10 players due to a red card for Lee Young-jun, Lee Kang-hee missed his shot in the shootout, allowing Pratama Arhan to score the winning goal.
- Japan emerged victorious against host Qatar in a 4-2 extra-time win, maintaining their path towards an eighth consecutive Olympic appearance. Saudi Arabia will face Uzbekistan, and Iraq will meet Vietnam. The fourth-placed team will have a playoff against Guinea in May to secure a place in Paris.
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
Apple removes WhatsApp and Threads from China store under pressure from Beijing: Internet regulator orders delisting of two Meta-owned apps over ‘national ...
ft.com/content/17b0059b-14b5-42fa-a84f-7de7a05ac08a
Quick Glance: Apple removes WhatsApp and Threads in China
- Apple removes Meta-owned apps under Chinese government pressure.
- Apps delisted due to 'national security concerns'.
- Chinese users now unable to download Western social media apps.
- Apple faces declining iPhone sales in China despite branding efforts.
Smaller towns in South Korea bear brunt of doctors’ shortage
reut.rs/3wdhLFh
Quick Glance: Smaller Towns in South Korea Struggle with Doctor Shortage
- Hospitals in South Korea's smaller cities are facing a shortage of physicians as a nationwide strike by trainee doctors continues to protest plans to increase medical school admissions.
- While Seoul has top-tier hospitals, smaller towns are suffering from a lack of doctors, exacerbated by an aging population and the world's lowest birth rates.
- South Korea has one of the lowest doctor-to-patient ratios among developed countries, prompting government efforts to increase medical school enrollments, a move met with resistance from trainee doctors and medical groups.
- Addressing the shortage of doctors in underserved areas and preventing them from clustering in Seoul requires not just an increase in doctor numbers but also policy changes, according to experts in the field.
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.
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.
UAE weather: Light to moderate rains expected from Monday to Friday: The National Centre of Meteorology said it's closely monitoring the weather situation
gulfnews.com/uae/weather/uae-weather-light-to-moderate-rains-expected-from-monday-to-friday-1.1713757230632
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.
Kenya ranked fourth wealthiest country in Africa: Kenya has been ranked among the big five wealthy markets in Africa having millionaires and billionaires
standardmedia.co.ke/national/article/2001493784/kenya-ranked-fourth-wealthiest-country-in-africa
Quick Glance: Kenya Among Top 5 Wealthiest Countries in Africa
- Kenya is recognized as one of the prosperous markets in Africa with a significant number of millionaires and billionaires.
- As per the 2024 Africa Wealth Report released by an international wealth advisory firm, Kenya holds the fourth position in terms of wealth ownership.
- Following South Africa, Egypt, and Nigeria ranking at positions one to three, Kenya comes.
- The data in the report indicates that Kenya has a substantial population of affluent individuals, totaling 7,200 millionaires.
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.
Elon Musk is feuding with Brazil’s powerful Supreme Court: The court has become the de facto regulator of social media in the country
economist.com/the-americas/2024/04/14/elon-musk-is-feuding-with-brazils-powerful-supreme-court
Paid articlePaid
Quick Glance: Elon Musk's Clash with Brazil's Supreme Court
- Serial entrepreneur Elon Musk has been publicly criticizing Alexandre de Moraes, one of Brazil's Supreme Court judges, for the past week.
- The dispute revolves around X, a social media company owned by Mr. Musk, which announced on April 6th that a Brazilian court had ordered it to block a set of 'popular' accounts or face hefty fines.
- Mr. Moraes then initiated an inquiry against Mr. Musk for obstruction of justice, leading Mr. Musk to claim that censorship in Brazil is worse than in any other country where the platform operates.
- The row highlights the power of Brazil's Supreme Court and the debate on regulating social media without harming freedom of speech, which is a crucial battleground in Brazil.
US wants allies to cut chip-related China exports amid Huawei alarm : Washington urges Japan, South Korea and the Netherlands to tighten supply of tools and ...
ft.com/content/4ecea0a7-a5cd-40b0-8a24-b72c1c1a8996
Greece and Spain under pressure to provide Ukraine with air defence systems: Kyiv renews plea for Patriot and S-300 systems at meeting of foreign and defence ...
ft.com/content/cc322202-97da-40e6-bdd2-ae1c89deea10
South Korea's public finances no longer a credit rating 'strength', Fitch says: South Korea's public finances are no longer a strength for its sovereign credit ...
reuters.com/markets/asia/south-koreas-public-finances-no-longer-credit-rating-strength-fitch-says-2024-04-26/
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
Paid articlePaid 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 test-fires multiple rocket launchers to scare 'enemy': In a bid to show its military might to the world, especially its principal enemy South Korea ...
thenews.com.pk/latest/1182447-north-korea-test-fires-multiple-rocket-launchers-to-scare-enemy
Quick Glance: Kim Jong Un's Rocket Tests and Possible Russian Assistance
- Kim Jong Un oversaw tests for a rocket capable of hitting Seoul in South Korea and potentially aiding Russia in the conflict with Ukraine.
- The 240-millimeter multiple rocket launcher has an estimated range of 40 to 60 kilometers and could enhance the artillery capabilities of the Korean People's Army.
- Experts suggest the rocket could be significant for export, such as to Russia, and useful in the war in Ukraine.
- Despite denials of an arms deal, reports indicate North Korea has been shipping military equipment to Russia, possibly indicating collaboration between the two countries.
All Powers Great and Small: Why Bigger Isn’t Always Better in Geopolitics: Why bigger isn’t always better in geopolitics.
foreignaffairs.com/reviews/all-powers-great-and-small-states
Paid articlePaid 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
South Korea: World Scout Jamboree disaster blamed on government: An independent report says authorities failed to deliver a safe event for thousands of children.
bbc.com/news/world-asia-68902885
Africa Live: Muslim child allegedly lashed for attending church - BBC News: Seven members of a family in Uganda have been arrested for allegedly assaulting the ...
bbc.co.uk/news/live/world-africa-68652286
Quick Glance: Africa Live: Germany detains alleged Nigerian mafia members
- German police have arrested 11 Nigerian men suspected of being part of a mafia group involved in large-scale dating scams orchestrated by the Black Axe gang.
- Portugal's President Marcelo Rebelo de Sousa has stated that his country should take full responsibility for colonial-era abuses and consider paying reparations in certain cases.
- Authorities in Tanzania have shut down five hydroelectric stations to reduce excess electricity in the national grid, with the main plant generating enough power for major cities like Dar es Salaam.
- Negotiations between the Kenyan government and striking doctors have collapsed, prolonging the suffering of those seeking healthcare in public hospitals, as doctors demand better pay and the hiring of trainee doctors.
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
The Axis of Upheaval: How America’s Adversaries Are Uniting to Overturn the Global Order
foreignaffairs.com/china/axis-upheaval-russia-iran-north-korea-taylor-fontaine
Paid articlePaid China’s Alternative Order: And What America Should Learn From It: And what America should learn from it.
foreignaffairs.com/china/chinas-alternative-order-xi-jinping-elizabeth-economy
Paid articlePaid
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 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.
Russia Is Working on a 128-Core Supercomputing Platform: Report: The country's notoriously ancient computer systems are due for an upgrade.
extremetech.com/computing/russia-is-working-on-a-128-core-supercomputing-platform-report
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
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/
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/
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/
Heavy rains in UAE: No cloud seeding done, confirms Met Office: NCM meteorologist urges people not to fall for articles, videos spreading misinformation
gulfnews.com/uae/weather/heavy-rains-in-uae-no-cloud-seeding-done-confirms-met-office-1.1713373843670
Quick Glance: Cause of Dubai Flooding: Cloud Seeding or Natural Phenomenon?
- Dubai grapples with the aftermath of heavy rainfall. Speculations on the role of cloud seeding are being discussed.
- Clouds consist of tiny water droplets that coalesce around particles to form rain. Cloud seeding manipulates this process.
- The effectiveness of cloud seeding is scientifically debated, with limited evidence of its efficacy.
- Experts refute the claim that cloud seeding was the primary cause of the flooding in Dubai.
UAE: Expect a clear day tomorrow, with not much rain, as per weather forecast: Chances of light rain in eastern areas later this week, with slight drop in ...
gulfnews.com/uae/weather/uae-expect-a-clear-day-tomorrow-with-not-much-rain-as-per-weather-forecast-1.1713795964743
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
Winter is coming (back) — Finland braces for heavy snowfall: Temperatures are set to drop below zero across the country this weekend, with heavy snow showers ...
yle.fi/a/74-20084578
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.
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.
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.
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/
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.
Review: Tim McGraw was on all night like a porch light at Xcel Energy Center: His hit-filled show in St. Paul included unexpected dancing (well sort of) and an ...
startribune.com/tim-mcgraw-carly-pearce-randall-king-xcel-energy-center-faith-hill-naz-reid-taylor-swift/600360503/
Beyoncé is the first Black woman to hit No. 1 on Billboard country albums chart: Beyoncé has made history once again. Her latest album, the epic “Act ll: Cowboy ...
apnews.com/article/beyonce-cowboy-carter-country-albums-chart-9e542a074e5a8d6113d80caff6a3cda7
Quick Glance: Has Beyoncé Already Created Her Rock Album?
- Beyoncé blends R&B, country, and hard-hitting guitars on Cowboy Carter, hinting at a potential rock album, with some arguing that this album could already fit that genre.
- Tracks like the Prince-meets-Sheryl Crow pop-rock gem 'Bodyguard' and the spectacular Tina Turner-style anthem 'Ya Ya' support the notion, along with the proggy elements in the Jon Batiste-assisted opening track 'American Requiem'.
- However, with 27 often wildly disparate tracks, Cowboy Carter is challenging to categorize. In a new episode of Rolling Stone Music Now, many tracks are discussed, speculating that Beyoncé's next album, the third in the trilogy, might be an official rock album.
- One of the album's guest stars, country singer Willie Jones, expresses excitement about collaborating with one of his biggest inspirations on the ballad 'Just for Fun' in the episode.
Biden administration announces strategy to combat future pandemics with 50 country partnership
pbs.org/newshour/politics/biden-administration-announces-strategy-to-combat-future-pandemics-with-50-country-partnership
Is Japan finally becoming a ‘normal’ economy? : Prices are rising, workers are demanding higher pay and the stock market is booming. But the country still has to ...
ft.com/content/88174b91-27d6-4936-ba5c-62c831b0a1c7
Quick Glance: Record Audience at NCAA Women's Championship
- South Carolina's victory over Caitlin Clark and Iowa in Sunday's women's NCAA championship game garnered a preliminary average viewership of 18.7 million on ABC and ESPN.
- Nielsen's final numbers on Tuesday may reveal an increase in viewership.
- It marks the most-watched basketball game since 2019, when the men's NCAA title game between Virginia and Texas Tech averaged 19.6 million viewers on CBS.
- The women's final also recorded the highest viewership for a Sunday afternoon sporting event on ESPN and ABC since early 2021.
Zelenskyy announces bilateral security agreements with US and Nordic countries – video
pravda.com.ua/eng/news/2024/04/20/7452154/
Mexico’s presidential frontrunner vows to prioritise US trade ties: Claudia Sheinbaum strikes a contrast to mentor López Obrador at bankers’ conference
ft.com/content/eb1fbdc8-8d1f-4b61-b41d-0bdc6cfc28ab
Quick Glance: Mexico’s Presidential Front-Runner Emphasizes Priority of US Trade Ties
- Claudia Sheinbaum highlights US trade ties and aims to encourage companies to shift operations to Mexico to reduce ties with China.
- She signals the importance of the US trade relationship and promises consensus-based policies in contrast to her combative mentor López Obrador.
- Enthusiasm for Mexico's economic potential due to proximity to the US is evident, despite facing long-standing economic challenges.
- Sheinbaum runs a disciplined campaign, emphasizing continuity while showing willingness for differences and addressing significant economic challenges ahead.
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/
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
Paid articlePaid South Korea protests Japanese leaders' offerings to Yasukuni shrine: South Korea on Sunday protested Japanese Prime Minister Fumio Kishida's offering to Tokyo's ...
reuters.com/world/asia-pacific/south-korea-protests-japanese-leaders-offerings-yasukuni-shrine-2024-04-21/
Quick Glance: South Korea Objects to Japanese Leaders' Yasukuni Shrine Offerings
- South Korea expressed deep disappointment on Sunday over Japanese Prime Minister Fumio Kishida's offerings at the Yasukuni Shrine and urged Japanese leaders to show repentance for the country's wartime past.
- The shrine is viewed by Beijing and Seoul as a representation of Japan's historical military aggression due to its inclusion of 14 Japanese wartime leaders among the 2.5 million war dead honored there.
- The South Korean government calls on Japanese leaders to confront history and demonstrate sincere repentance, which would be a crucial step towards enhancing relations between the two countries.
- Despite progress in the South Korea-Japan relationship, particularly in security cooperation, the offerings made by Kishida and some cabinet members at the Yasukuni Shrine have sparked protests from South Korea.
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/
South Korea's Last F-4E Phantoms Fire Final AGM-142 Popeye Missiles Prior To Retirement
theaviationist.com/2024/04/21/rokaf-f-4e-final-live-firing-agm142/
UAE witnesses record-breaking rains, highest in 75 years - News | Khaleej Times: 'Khatm Al Shakla' in Al Ain witnessed 254.8mm of precipitation in less than 24 ...
khaleejtimes.com/uae/uae-witnesses-record-breaking-rains-highest-in-75-years
Quick Glance: Historic Rains Flood the UAE
- On Tuesday, April 16, the UAE experienced an unprecedented amount of rainfall - the highest in 75 years.
- As per the National Centre of Meteorology, the 'Khatm Al Shakla' area in Al Ain received 254.8mm of precipitation in less than a day.
- A massive landslide disaster hit the region of Al Qua in Al Ain, leading to the collapse of a sandy road in a crater-like shape.
- Unstable weather conditions were observed in the country from Monday due to an extension of a 'low surface pressure'. Two waves of unstable weather moved over the country on Tuesday.
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
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
South African butts rated biggest in the world: It's bottoms up for Mzansi as we top the list of biggest booties in the world
timeslive.co.za/lifestyle/2024-04-12-south-african-butts-rates-number-1-in-the-world/
K-pop giant HYBE shares take another hit as dispute with NewJeans label drags on: A South Korean music executive credited with creating popular K-pop group ...
reuters.com/business/media-telecom/k-pop-giant-hybe-shares-take-another-hit-dispute-with-newjeans-label-drags-2024-04-26/
Billionaire Families Lose Hope for Tax Cut After Korean Vote: Some of the richest people in South Korea may be among the biggest losers from elections last week ...
trib.al/fKQvcMI
Quick Glance: Disappointment for Billionaire Families After Tax Reform Decision in South Korea
- President Yoon Suk Yeol faces setback in plans for inheritance tax reform.
- High inheritance tax in South Korea targets wealthy individuals and chaebols.
- Opposition party gains momentum in advocating for higher taxes on the wealthy.
- Discussions on tax reforms and their implications on businesses and the economy.
Surging Oil Prices Seen Dragging Down Won to 1,400 Per Dollar: South Korea’s won is far from bottoming out after falling to a 17-month low on Thursday ...
bloomberg.com/news/articles/2024-04-11/surging-oil-prices-seen-dragging-down-won-to-1-400-per-dollar
Paid articlePaid
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
Courtney Love Says Taylor Swift Is 'Not Important' And Shades Beyoncé Too: The ex-Hole singer, who's the widow of Kurt Cobain, let her opinions fly in a British ...
huffpost.com/entry/courtney-love-taylor-swift-not-important_n_661e677ce4b0d63376578e49
Quick Glance: Rock Icon Criticizes Taylor Swift: 'Not Important'
- Outspoken rock legend Courtney Love criticized Lana Del Rey, Madonna, and Taylor Swift in a new interview, stating that the latter is 'not important.'
- Love expressed negative views on Taylor Swift, calling her 'not important' and uninteresting as an artist, despite potentially being a safe space for girls.
- She also mentioned her ongoing feud with Madonna, dating back to their awkward encounter on MTV in 1995.
- Furthermore, Love harshly criticized Lana Del Rey, suggesting she delay the release of her upcoming album 'Lasso' until 2031 due to perceived overexposure.
South Korea Issues Rare Warning After Won Hits 1400 Per Dollar: South Korean authorities issued a rare warning to participants in the foreign exchange market ...
bloomberg.com/news/articles/2024-04-16/south-korea-issues-rare-warning-after-won-hits-1400-per-dollar-lv24xmqh
Japan hotel prices near 30-year high as weak yen lures record tourists: The average daily room rate for March was about ¥20,986 ($136), the highest level since ...
japantimes.co.jp/business/2024/04/19/companies/japan-hotel-prices-rise-near-30-year-high/
Elon Musk Is Platforming Far-Right Activists in Brazil, Defying Court Order: Experts warn, “They are trying to use Brazil as a laboratory on how to interfere in ...
wired.com/story/brazil-court-elon-musk-far-right/
Quick Glance: Elon Musk and the Support of Far-Right in Brazil
- A court in Brazil is planning an investigation against X owner Elon Musk for alleged obstruction of justice, following Musk's reactivation of accounts belonging to far-right individuals that were flagged by the Brazilian government for removal.
- Under Musk's leadership, X has transformed into a sanctuary for the far right and dissemination of misinformation, resulting in an escalation of hate speech on the platform.
- Experts caution that Musk is establishing a dangerous precedent by protecting and promoting the far right on his platform, regardless of local regulations or public opinion.
- Despite Musk's claims of advocating for free speech, the implementation of these principles on the platform has been inconsistent under his direction, especially concerning government requests to deactivate accounts.
US and Asia allies push for new panel to monitor North Korea sanctions: The U.S., South Korea and Japan are pushing for a new multi-national panel of experts ...
reut.rs/49zEKrK
Singer Paul Kim announces marriage : Singer Paul Kim announced on Thursday his marriage via his official website, sharing plans to begin a new life with his ...
koreatimes.co.kr/www/art/2024/04/398_373529.html
North Korea, Belarus deputy foreign ministers agree to strengthen ties
reuters.com/world/north-korea-belarus-deputy-foreign-ministers-agree-strengthen-ties-2024-04-18/
Quick Glance: North Korea, Belarus strengthen ties
- North Korean officials met with a delegation from Belarus to deepen cooperation and criticized the U.S. for attempting to increase 'lawless' sanctions pressure.
- During the discussions, Belarus' Deputy Foreign Minister Evgeny Shestakov and his North Korean counterpart Lim Chun Il discussed bilateral cooperation in various sectors and mutual support on the global stage.
- Kim Son Gyong, vice minister for International Organizations of the DPRK Foreign Ministry, criticized Linda Thomas-Greenfield, the U.S. ambassador to the United Nations, for her trip to South Korea and Japan, labeling the UN sanctions against the country as 'lawless'.
- In contrast, Russia has opposed the annual renewal of the multinational panel of experts that has monitored the implementation of UN sanctions aimed at curbing North Korea's nuclear and missile programs over the past 15 years.
South Korea's LG Electronics raises $800 million dollar bond, term sheet shows: South Korea's LG Electronics has raised $800 million through a dollar bond deal ...
reuters.com/markets/asia/south-koreas-lg-electronics-plans-raise-up-1-bln-with-dollar-bonds-sources-say-2024-04-18/
U.S., Japan, Korea finance leaders launch first trilateral meeting: The United States, Japan and South Korea kicked off their first trilateral finance leaders' ...
reut.rs/3JlXJvh
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