Sports and love bridge an Asian rift:
csmonitor.com/Commentary/the-monitors-view/2024/0321/Sports-and-love-bridge-an-Asian-rift
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| Last Updated | Mar 21 |
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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.
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.
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.
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.
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
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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.
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.
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
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: 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
Honda to spend $11 billion on four EV factories in North America: The new facilities are in addition to the previously announced EV hub in Ohio.
arstechnica.com/cars/2024/04/honda-to-spend-11-billion-on-four-ev-factories-in-north-america/
Quick Glance: Honda to Establish $11 Bln EV, Battery Plants in Canada
- Honda plans to invest C$15 billion in new EV and battery production plants in Ontario alongside existing facilities to support the growth of North American demand for EVs.
- Production is set to start by 2028, with an annual capacity of up to 240,000 EVs and 36 gigawatt-hours for batteries to achieve the goal of having all North American sales from Honda be either EVs or fuel cell vehicles by 2040.
- The Canadian government and Ontario province intend to support Honda with around C$5 billion, with Honda contributing 60%-70% of the total investment to reduce costs by more than 20%.
- Honda will also collaborate with companies like Asahi Kasei and POSCO to further lower production costs and strengthen the EV supply chain in Canada, leading to an increase in jobs and economic growth.
The luck of the Narwhal in Korea: Part 1 : Narwhals have always been viewed with a sense of wonder tinged with supernatural mysticism ...
koreatimes.co.kr/www/opinion/2024/04/721_373548.html
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
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
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
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/
Retired Indonesian diplomat embarks on journey as artist in Korea : Nuradi Noeri, 60, a retired Indonesian diplomat, is now in Korea passionately pursuing his ...
koreatimes.co.kr/www/culture/2024/04/262_373225.html
High schooler praised for returning $1,000 found on street : A high school student's display of honesty has garnered widespread attention after she returned 1 ...
koreatimes.co.kr/www/nation/2024/04/113_373493.html
Elon Musk impersonator tells Korean woman he loves her, dupes her of $50,000
deccanherald.com/world/elon-musk-impersonator-tells-korean-woman-he-loves-her-dupes-her-of-50000-2996137
NewJeans: The controversy shaking the K-pop world: The infighting between K-pop powerhouse Hybe and its label Ador has put fans on edge.
bbc.com/news/articles/c98zyq3g8xyo
Pursuing Rapprochement Between China, Japan, and South Korea: Restarting the trilateral could be a remedy for the growing geopolitical rift and help ensure ...
thediplomat.com/2024/04/pursuing-rapprochement-between-china-japan-and-south-korea/
Unification minister, US envoy to visit site of NK abduction next month: Kim Yung-ho, South Korea's point man on North Korea, and Julie Turner, the U.S ...
koreatimes.co.kr/www/nation/2024/04/103_373561.html
[VIDEO] Guess who: Which K-pop act is sitting behind our guests? : After appearing on the 2023 audition program, 'Boys Planet,' the four contestants from the ...
koreatimes.co.kr/www/nation/2024/04/822_373488.html
![[VIDEO] Guess who: Which K-pop act is sitting behind our guests?](/web/db/posts/45175/45175132.jpg)
Awarding-winning Korean literary gems on show at COEX: An array of award-winning Korean literary gems, from a novel recounting the horrors of Jeju Island’s 1948 ...
koreatimes.co.kr/www/culture/2024/04/142_373499.html
Latvian ambassador reflects on 20th anniversary of EU, NATO membership : Latvian Ambassador to Korea Aris Vigants said the Baltic nation's strategic decision to ...
koreatimes.co.kr/www/nation/2024/04/120_373490.html
As young South Koreans struggle to find work, training centres aim to better their chances
channelnewsasia.com/asia/south-korea-jobless-unemployed-training-centre-better-chances-4294866
Managers at Samsung now have to work six days instead of five: Due to the poor business figures in 2023, a "sense of crisis" is to be conveyed ...
derstandard.at/story/3000000216674/fuehrungskraefte-bei-samsung-muessen-nun-sechs-statt-fuenf-tage-arbeiten
Lee Ji-ah to host season finale of 'SNL Korea' : Actor Lee Ji-ah will host the season finale of 'SNL Korea' on Coupang Play, showcasing her diverse ...
koreatimes.co.kr/www/art/2024/04/398_373491.html
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
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
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
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
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
Hybe's Internal Strife with Ador CEO Min Hee-jin Wipes Out $873 Million: Hybe Co.’s shares tumbled Friday as internal strife between the K-pop giant and ...
bloomberg.com/news/articles/2024-04-26/k-pop-agency-hybe-s-internal-strife-wipes-out-873-million-value
Why South Korean pop culture rocks and North Korea’s does not: Dictatorship stifles creativity and joy
economist.com/culture/2024/04/22/why-south-korean-pop-culture-rocks-and-north-koreas-does-not
Aramco-backed S-Oil expects Q2 refining margins to remain steady then trend upward
arabnews.com/node/2499716/business-economy
Indonesia fans hails its U-23 team after historic victory over title favourites S. Korea 11-10 on penalties
thestar.com.my/aseanplus/aseanplus-news/2024/04/27/indonesia-fans-hails-its-u-23-team-after-historic-victory-over-title-favourites-s-korea-11-10-on-penalties
Sparking kids’ interest in learning to improve lives: THERE is an inequity when it comes to education – which is a fundamental human right – affecting students ...
thestar.com.my/metro/metro-news/2024/04/27/sparking-kids-interest-in-learning-to-improve-lives
The 21 Best K-Beauty Products to Try Right Now: From viral SPFs to snackable essence pads to longwear lip tints, these Korean beauty products — recommended by ...
nylon.com/beauty/best-korean-beauty-products
More than 1 out of 4 sex crimes in Korea take place online : More than one out of four sex crimes in Korea are committed online as digital technology continues ...
koreatimes.co.kr/www/nation/2024/04/251_373475.html
Samsung showcases Team AI that handles your everyday chores: Samsung’s 2024 lineup of Bespoke home appliances has some amazing products. However ...
sammobile.com/news/samsung-showcases-team-ai/
Mobile makers can offer market for fabs if they make 10-14 nm chips: Nanometer Chip Production: The total demand for semiconductors in the country varies from ...
business-standard.com/industry/news/ability-to-make-10-14-nm-semiconductor-crucial-to-grab-smartphone-mkt-124042600677_1.html
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Golden generation - Editorial - The Jakarta Post: Golden generation - Editorial - The Jakarta Post
thejakartapost.com/opinion/2024/04/27/golden-generation.html
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
[INTERVIEW] 'Kick-START': TIOT embarks on new adventure with Ye-chan : In today's video, our guests sat in front of a rookie K-pop boy band without ...
koreatimes.co.kr/www/art/2024/04/732_373453.html
![[INTERVIEW] 'Kick-START': TIOT embarks on new adventure with ...](/web/db/posts/45173/45173479.jpg)
Delivery Hero SE (DLVHF) Q1 2024 Earnings Call Transcript: Delivery Hero SE (OTCPK:DLVHF) Q1 2024 Earnings Conference Call April 25, 2024 8:00 AM ETCompany ...
seekingalpha.com/article/4686652-delivery-hero-se-dlvhf-q1-2024-earnings-call-transcript
South Korea reluctant to help Taiwan in cross-strait conflict | Taiwan News | Apr. 26, 2024 15:48
taiwannews.com.tw/en/news/5674257
Poland signs $1.6 billion deal with South Korea for rocket artillery launchers: Most of the systems will be built in Poland itself.
notesfrompoland.com/2024/04/26/poland-signs-1-6-billion-deal-with-south-korea-for-rocket-artillery-launchers/
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 ...
thediplomat.com/2024/04/when-china-banned-korean-boy-bands/
E-commerce company Coupang to expand operations in Taiwan | Taiwan News | Apr. 26, 2024 15:50
taiwannews.com.tw/en/news/5674256
Liverpool FC continues international growth with first official retail partnership in South Korea
liverpoolfc.com/news/liverpool-fc-continues-international-growth-first-official-retail-partnership-south-korea
Rashid: Malaysia stand good chance to beat Koreans in singles: PETALING JAYA: Malaysia’s advantage in the singles would give them the edge against South Korea if ...
thestar.com.my/sport/badminton/2024/04/26/rashid-malaysia-stand-good-chance-to-beat-koreans-in-singles
Yoshinobu Yamamoto's 6 scoreless innings help Dodgers sweep Nationals: Yoshinobu Yamamoto shines on the mound, Teoscar Hernández homers and the Dodgers complete ...
latimes.com/sports/dodgers/story/2024-04-25/dodgers-nationals-yoshinobu-yamamoto-sweep
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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Price Hill Baseball Oldtimers will induct five new members in 72nd Hall of Fame class
cincinnati.com/story/sports/high-school/ohio-high-school/2024/04/25/price-hill-baseball-oldtimers-announce-72nd-hall-of-fame-class/73455381007/
Korea Beats China With Record Corporate Dollar Bond Offerings: Korean borrowers are selling an unprecedented amount of dollar bonds, overtaking Chinese peers to ...
bloomberg.com/news/articles/2024-04-25/korea-inc-sells-dollar-bonds-at-record-pace-to-top-china-peers
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Cov city centre shop relocates as new restaurant opens in same building: China Mini Market and Ji The Chicken Shop have opened on Smithford Way
coventrytelegraph.net/news/coventry-news/coventry-city-centre-shop-relocates-29059356
Unruly passenger forces emergency landing in Kazakhstan: Korean woman's tirade delays LOT flight
aviation24.be/airlines/lot-polish-airlines/unruly-passenger-forces-emergency-landing-in-kazakhstan-korean-womans-tirade-delays-lot-flight/
Korean shipbuilder agrees to a deal that could bring more jobs to Philadelphia: Korea's HD Hyundai and Norway's Philly Shipyard Inc. want government business ...
inquirer.com/business/philly-shipyard-hyundai-agre-navy-drones-20240425.html
First experimental proof for brain-like computer with water and salt: Theoretical physicists at Utrecht University, together with experimental physicists at ...
phys.org/news/2024-04-experimental-proof-brain-salt.html
Hyundai Motor's Q1 profit drops 2.4%, hit by weak domestic sales: South Korean automaker Hyundai Motor Co's first-quarter profit fell 2.4%, hit by a tumble in ...
reuters.com/business/autos-transportation/hyundai-motors-q1-profit-drops-24-beats-forecasts-2024-04-25/
South Korea: Teens among 3,000 nabbed for online gambling: 9-year-old detained in online gambling bust
yenisafak.com/en/world/south-korea-teens-among-3000-nabbed-for-online-gambling-3682078
Paid articlePaid Ador CEO Min Hee-jin claims Hybe’s new K-pop group Illit are NewJeans ‘copycats’: Illit made its debut on March 25, and is made up members aged between 16 and 20 ...
thestar.com.my/lifestyle/entertainment/2024/04/25/ador-ceo-min-hee-jin-claims-hybes-new-k-pop-group-illit-are-newjeans-copycats
Diplomatic Bluebook: Japan Must Strive to Actively Work for International Cooperation
japannews.yomiuri.co.jp/editorial/yomiuri-editorial/20240425-182364/
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.
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.
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
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.
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/
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.
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 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.
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.
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 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/
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
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
Paid articlePaid 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
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.
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