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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.
North Korea is evading sanctions by animating Max and Amazon shows: Thousands of exposed files on North Korean server tell the tale.
wired.com/story/north-korea-amazon-max-animation-exposed-server/
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.
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.
Conflicts drive global military spending to record high: War in Ukraine and tensions in Middle East and Asia lead to 7% increase in worldwide defence expenditure ...
ft.com/content/3744cad3-52ac-40d7-b97d-e085aec1a23e
Quick Glance: Global Military Spending Hits Historic High in 2023
- Global military spending hit a record high of $2.443 billion in 2023 after a 7% increase, as per a report.
- Military expenditure rose consistently over nine years in all regions due to worsening peace and security globally.
- Countries like Ukraine, Russia, Poland, Germany, and the UK saw significant spikes in their military spending.
- Israel notably increased its military spending significantly due to the conflict in the Middle East, particularly a major offensive in Gaza in 2023.
Two horses that bolted through London have undergone surgery, UK official says: Two military horses that bolted through the streets of London after being spooked ...
abc.net.au/news/2024-04-26/military-horses-that-broke-free-undergo-surgery/103772386
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.
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
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.
Israeli military intelligence chief resigns over failure to prevent Hamas attack: The Israeli military say the head of its intelligence corps has resigned over ...
apnews.com/article/israel-hamas-war-news-04-22-2024-85da1c989f71f8c3bf00d8b45a0ed7f1
Quick Glance: Israeli Military Intelligence Chief Resigns Over Hamas Attack Failures
- The head of Israeli military intelligence resigned due to the failures surrounding Hamas’ unprecedented attack on October 7, marking the first senior resignation in Israel's history.
- Maj. Gen. Aharon Haliva’s resignation could trigger additional resignations among Israel’s top security officials in response to the Hamas attack that initiated the Gaza war.
- Haliva, alongside other military and security leaders, were expected to address the evident failures leading up to and during October 7.
- Israel and its esteemed security forces were caught entirely off guard by the Hamas attack on a Jewish holiday, shattering trust in the military. The resignation may contribute to rebuilding some of this trust.
South Korea prepares new monitoring system to detect illegal stock short selling: South Korea's financial market watchdog said on Thursday it had prepared a new ...
reuters.com/markets/asia/south-korea-prepares-new-monitoring-system-detect-illegal-stock-short-selling-2024-04-25/
Quick Glance: South Korea introduces monitoring system to curb illegal stock short selling
- South Korea's financial market watchdog has developed a new monitoring mechanism to detect illegal short-selling transactions in the stock market. Institutional investors will be electronically processed and filtered through a central detection system to prevent illegal trades.
- South Korea has made various reform efforts to address the 'Korea discount' in the stock market, where domestic companies have lower valuations compared to global peers due to factors like low dividend payouts and opaque governance structures.
- Last November, South Korea imposed a sudden ban on short selling of shares for the first half of the year after discovering illegal trades by foreign investment banks. Authorities stated that the ban would remain until adequate measures are in place to prevent such practices.
- The FSS aims to implement the new monitoring system swiftly after finalizing it, although no specific date was provided for the implementation.
SK Hynix to invest $3.86 bln in DRAM chip production in South Korea
reut.rs/3Ux58yf
Quick Glance: SK Hynix Anticipates Full Chip Recovery Post Q1 Profit Surprising AI Boom
- SK Hynix anticipates a complete recovery in memory chips due to AI demand, achieving its highest profit in nearly two years by selling advanced DRAM chips with High Bandwidth Memory (HBM) for generative AI chipsets.
- The company surpassed expectations for an operating profit of 1.88 trillion won by LSEG SmartEstimate, stating that the memory market is entering a full recovery cycle.
- SK Hynix is the biggest beneficiary of the explosive increase in AI adoption, serving as the main supplier of HBM chips for Nvidia's graphic processing units training AI systems.
- To outpace competition, SK Hynix announced a $3.87 billion investment to construct an advanced chip packaging plant in Indiana with an HBM chip line and research and development for AI products.
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 Early Trade Exports Rise in Positive Sign of Economic Growth: South Korea’s exports have made a brisk start to the second quarter based on early ...
bloomberg.com/news/articles/2024-04-22/south-korea-s-early-exports-rise-as-momentum-remains-strong
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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 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.
Pentagon announces $6B for long-term Ukraine weapons contracts: The United States announced a $6 billion weapons package for Ukraine on Friday ...
thehill.com/policy/defense/4624567-pentagon-6b-ukraine-weapons-contracts/
Quick Glance: Billion-Dollar Package for Long-Term Ukraine Weapon Contracts
- The United States announced a $6 billion weapons package for Ukraine on Friday, its largest military aid package to date for Kyiv’s forces.
- The weapons and equipment will include critical interceptors for Ukraine’s Patriot and NASAM air defense systems, significant amounts of artillery ammunition, air-to-ground munitions, counterdrone weapons, and maintenance and sustainment support.
- In addition to previous aid packages, Ukrainian President Volodymyr Zelensky is seeking additional Patriot batteries to create a shield around Ukrainian cities and defend against further Russian missile attacks.
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.
Escaped army horses careen through London, crashing into vehicles: The horses were from the Household Cavalry and threw their riders during a morning exercise ...
washingtonpost.com/world/2024/04/24/london-escaped-horses-household-cavalry/
Quick Glance: London Chaos: Military Horses Run Wild
- Five military horses bolted during an exercise near Buckingham Palace, causing chaos in central London streets.
- The horses were spooked by noise from a construction site, threw off their riders, and collided with vehicles.
- Three injured soldiers were hospitalized, but none of the injuries were life-threatening.
- The horses were captured shortly after and taken back to the barracks for medical tests.
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
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
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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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
Ukraine thanks the US for billions in new military aid to help stop Russia's advance
apnews.com/article/russia-ukraine-military-aid-package-kharkiv-drones-cadd79c8abd56ad58d07c93253e04ef1
Biden vows to 'quickly' supply new military aid to Ukraine: The US president says he will send "significant" support to Kyiv if senators pass a new aid deal on ...
bbc.com/news/world-europe-68874906
Joe Biden tells Volodymyr Zelenskyy US weapons will arrive ‘quickly’: President expected to sign law unlocking long-delayed $60bn in funding for Ukraine this ...
ft.com/content/742be420-1bb2-4c94-9684-fb8a7f20186b
Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
- President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.
- Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.
- The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.
- Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
Wedding ring, only item surviving chopper accident that killed the General: The wedding ring was handed over to General Ogolla's widow Aileen Ogolla ...
standardmedia.co.ke/national/article/2001493588/wedding-ring-only-item-surviving-chopper-accident-that-killed-the-general
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/
Another ex-State Department official alleges Israeli military gets 'special treatment' on abuses
apnews.com/article/us-israel-military-aid-international-law-1e9b612631a7c20438053189c3b62187
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.
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
How Alejandro Cao de Benós, North Korea’s Man in Spain, Ran Afoul of the US: Alejandro Cao de Benós has been accused of violating sanctions in connection with a ...
bloomberg.com/news/articles/2024-04-25/how-alejandro-cao-de-benos-north-korea-s-man-in-spain-ran-afoul-of-the-us
As Gaza cease-fire talks resume, the coming fight for Rafah looms large: Washington has said it cannot support a major military operation in Rafah ...
washingtonpost.com/world/2024/04/26/rafah-gaza-israel-hostages-ceasefire/
Quick Glance: Israeli Forces Ready to Conquer Rafah in Gaza, Awaiting Government Approval
- The Israel Defense Forces have completed all necessary preparations to capture the southernmost city of Rafah in the Gaza Strip and can initiate an operation once they receive government authorization, as stated by a senior Israeli defense official.
- This official informed Reuters that Israel is planning to take control of Rafah, considered the final Hamas stronghold in Gaza, evacuate Palestinian civilians from the area, and launch an assault against Hamas fighters.
- According to a spokesperson for Prime Minister Benjamin Netanyahu's government, Israel is progressing with a ground operation without specifying a timeline for the action.
- Various Israeli reports indicated that top Israeli security officials traveled to Egypt on Wednesday to coordinate the planned offensive in Rafah.
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/
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/
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
Israeli leaders and military criticize reported US plans to sanction IDF unit: Israeli Prime Minister Benjamin Netanyahu and other ministers have sharply ...
cnn.com/2024/04/22/middleeast/israeli-military-us-sanctions-west-bank-intl/
Quick Glance: Netanyahu Vows to Fight Sanctions on Army Battalions
- Israeli Prime Minister Benjamin Netanyahu stated on April 21 that he would oppose sanctions being imposed on any Israeli military units for alleged rights violations, following reports of Washington planning such a move.
- The United States announced on April 19 a new series of sanctions related to Israeli settlers in the West Bank, signaling growing frustration with Netanyahu's policies, who relies on settler parties for his coalition government.
- War Cabinet Minister Benny Gantz, a former Chief of Armed Forces and centrist, mentioned in a statement on April 21 that he had spoken with US Secretary of State Antony Blinken, urging him to reconsider the issue.
- Blinken mentioned on April 19 that he had made 'determinations' regarding accusations of Israel violating a set of US laws prohibiting military assistance to individuals or security force units committing gross human rights violations.
UK condemns North Korea's latest ballistic missile launch: Britain said North Korea had breached multiple United Nations Security Council resolutions after it ...
reuters.com/world/uk-condemns-north-koreas-latest-ballistic-missile-launch-2024-04-22/
Some Amazon and Max cartoons may have been partially animated in North Korea: North Korean animators may have helped create popular cartoons for Amazon Prime ...
engt.co/3Wc4Pdu
North Korea has released a new song praising leader Kim Jong Un for being a ‘friendly father’ and a ‘great leader,’ in a move that appears to be part of a ...
reut.rs/3Q7kqXP
Quick Glance: New Song from North Korea Honors Kim Jong Un as 'Friendly Father'
- North Korea praises leader Kim Jong Un as a 'friendly father' and 'great leader' in a new song, part of a propaganda campaign to boost his image in the reclusive state.
- The music video for the song was broadcast on Wednesday on state-controlled Korean Central Television, showcasing North Koreans from various backgrounds enthusiastically singing lines like 'Let’s sing, Kim Jong Un the great leader' and 'Let’s brag about Kim Jong Un, a friendly father.'
- Moreover, a live performance of the song with orchestral accompaniment and in the presence of Kim was televised as part of a ceremony to mark the completion of constructing 10,000 new homes.
- The release of the cheerful song titled 'Friendly Father' coincides with recent changes by North Korean state media to the name of a holiday, sparking speculation that this move is aimed at consolidating Kim’s position.
Having exhausted the other options, the House did the right thing on Ukraine: Having exhausted all the other options, the House finally did the right thing.
washingtonpost.com/opinions/2024/04/20/house-ukraine-aid-bill-passed/
Quick Glance: Ukrainian President Thanks US for Weapon Aid
- Ukrainian President Zelenskyy thanked U.S. political leaders for approving an aid package for Ukraine, providing the country with a chance at "victory" in its defense against Russia.
- The House passed a bill granting Ukraine $60.8 billion in aid, with Zelenskyy urging swift Senate approval to ensure rapid assistance to frontline soldiers.
- Zelenskyy emphasized the critical need for long-range weapons and air defense systems to stabilize the situation and regain the initiative in Ukraine.
- He addressed rumors of a territorial deal with Russia, emphasizing the importance of a strategy based on concrete democratic measures to end the war.
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 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/
Ukraine pulls US-provided Abrams tanks from the front lines over Russian drone threats
apnews.com/article/ukraine-russia-war-abrams-tanks-19d71475d427875653a2130063a8fb7a
Iran-Israel: Attack next with weapons from North Korea?: Former US security adviser John Bolton warns against North Korean help for Iran's nuclear program ...
nzz.ch/international/iran-israel-angriff-als-naechstes-mit-waffen-aus-nordkorea-ld.1826942
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.
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.
North Korea leader’s sister: US military drills drive regional security into turmoil
english.alarabiya.net/News/world/2024/04/24/north-korea-leader-s-sister-us-military-drills-drive-regional-security-into-turmoil
Quick Glance: North Korea Leader's Sister Raises Concerns Over US Military Drills
- Kim Yo Jong, the influential sister of North Korean leader Kim Jong Un, emphasized the need to build a strong military power to protect the country's sovereignty and regional peace.
- She criticized the US military exercises in the region, particularly the collaboration with South Korea, which she claimed are dangerously destabilizing the regional security environment.
- The US and South Korea have been conducting a series of drills with greater scale and intensity in recent months to enhance their military readiness against North Korea's threats.
- North Korea views the US military exercises as preparations for a nuclear war, while Washington and Seoul assert that the drills are defensive in nature and are regularly conducted to maintain readiness.
Why China risks US sanctions arming Russia: Survival: US secretary of state Antony Blinken fired a warning salvo toward China during a G7 foreign ministers’ ...
asiatimes.com/2024/04/why-china-risks-us-sanctions-arming-russia-survival/
North Korea conducts cruise missile warhead test on Friday, KCNA says: North Korea conducted a cruise missile warhead test and test launch of its new ...
reuters.com/world/asia-pacific/north-korea-conducts-cruise-missile-warhead-test-friday-kcna-says-2024-04-19/
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
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.
It Is High Time to Engage North Korea: The alternative is to do nothing and drift into an even more serious crisis as North Korea further builds up its nuclear ...
thediplomat.com/2024/04/it-is-high-time-to-engage-north-korea/
North Korea Sends Workers to Russia-Occupied Territory in Eastern Ukraine: Pyongyang made the decision after concluding that Russia had gained the upper hand in ...
thediplomat.com/2024/04/north-korea-sends-workers-to-russia-occupied-territory-in-eastern-ukraine/
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 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/
Men fit for military service should return: Kiev no longer gives passports to Ukrainians abroad
n-tv.de/politik/Kiew-gibt-Auslandsukrainern-keine-Reisepaesse-mehr-article24899884.html
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 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 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/
North Korea accuses US of politicising human rights issues: SEOUL: North Korea accused the United States on Saturday (Apr 27) of politicising human rights in the ...
channelnewsasia.com/asia/north-korea-accuses-united-states-politicise-human-rights-issues-4296836
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
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/
Israeli military says 99% of drones and missiles launched by Iran were intercepted
apnews.com/article/strait-of-hormuz-vessel-33fcffde2d867380e98c89403776a8ac
Iran's supreme leader tacitly acknowledges it hit little in Israel attack: Iran’s supreme leader has dismissed any discussion of whether Tehran’s unprecedented ...
apnews.com/article/iran-israel-khamenei-mideast-66280e717d335afffd9e258a5985d50c
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
UN demands investigation after mass graves found at Gaza hospitals raided by Israel
cnn.com/2024/04/24/middleeast/un-calls-for-investigation-gaza-mass-graves-mime-intl/
Quick Glance: UN Calls for Investigation into Mass Graves at Two Gaza Hospitals
- The United Nations called for a thorough and transparent investigation into the mass graves at two major hospitals in Gaza that were searched by Israeli troops.
- It was emphasized that investigators must have access to the sites, and a greater number of journalists should be able to work safely in Gaza to report on the facts.
- Some of the bodies belonged to individuals killed during the hospital siege, while others were victims when Israeli forces raided the hospital.
- The discovery of the graves highlights the urgency of a ceasefire, the end of the conflict, improved access for humanitarian aid, the protection of hospitals, and the release of Israeli hostages.
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/
Israel-Hamas War in Gaza: Middle East Live Updates: The denunciations came hours after Israeli leaders welcomed Congress’s approval of aid for Israel ...
nytimes.com/live/2024/04/21/world/israel-iran-gaza-war-news/netanyahu-says-sanctions-against-israels-military-would-be-a-moral-low
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.
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 leans on Russian ties to expand relations with Iran: SEOUL -- North Korea's minister for external economic relations is making a rare visit to ...
asia.nikkei.com/Spotlight/N-Korea-at-crossroads/North-Korea-leans-on-Russian-ties-to-expand-relations-with-Iran
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