#economy (135 Posts)
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Why Tesla's Cars Are Selling Like Hotcakes Despite Major Flaws
Tesla was reborn as a manufacturer that influenced the electric vehicle and the internal combustion engine market.
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Top 3 Fuel-Efficient First Cars: Honda Civic, Hyundai Elantra, and...
Hybrid vehicles are known for their excellent fuel efficiency, making them a great option for many, but not the right choice for everyone.
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Why Korea's Top Builders Have Given Up on Building the World's Tallest Skyscraper
South Korean construction companies have withdrawn their bids for Saudi Arabia's new landmark building, the Jeddah Tower,.
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Geopolitical Tensions Fuel Dollar Surge, Korean Won Plummets
The won-dollar exchange rate has surged over 7% this year, surpassing the increase seen during the 2008 Global Financial Crisis and the International Monetary Fund (IMF) currency crisis. As of May 19th, the won-dollar exchange rate in the Seoul foreign exchange market was confirmed to have closed at KRW 1,382, a 7.3% increase from the […]
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Is South Korea's Economy Heading for a Crisis? IMF and UN Think So
IMF Announces South Korea's National Debt at 55.2%Various Institutions Express Concern Over South Ko ...
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Rise, Fall, and Rebirth of Abercrombie & Fitch: Confronting Racism and Reshaping Reputation
In the second half of 2023, American clothing company Abercrombie & Fitch's stock price has near ...
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Gas Stations in Crisis: Electric Vehicle Boom Spells Doom for Thousands
Starting a gas station business was once considered a highly profitable venture. However, this sector is now facing a crisis.
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Missile Meltdown: How North Korea's Tech Might Fueled Iran's Attack on Israel
Recently, Iran attacked mainland Israel with offensive drones and ballistic missiles. Upon observing this, U.S. experts have speculated...
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Billions Down the Drain: The Fiasco of Local Government Apps
It has been confirmed that most public mobile applications developed by some local governments are being criticized as budget waste. There are numerous cases of local governments investing large budgets into app development, only to neglect and eventually discard them due to low usage. This has led to increasing criticism that local government app development […]
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North Korea Collapse Theory: CIA's Severe Warning Returns
CIA's Collapse of North Korea TheoryPotential for China to Absorb North Korea IncreasesMassive Milit ...
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Shinsegae Group Defies Odds with Record Q1 Revenue
Despite challenging market conditions, Shinsegae Group has successfully rebounded in the first quarter. While the Group’s sales remained at a similar level to last year, an increase in operating profit is believed to be due to the operation efficiency method that has been in place since early last year. On the 8th, Shinsegae announced a […]
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Hyundai's Unfinished Business: The Resurgence of North Korean Tourism
Chairman Chung Ju Yung visited North Korea via Panmunjom for business operations, which were halted due to the late Park Wang Ja incident. Hyundai Group North Korea has declared the resumption of its tourism business. Tourism is one of North Korea’s essential means of earning foreign currency. Its ventures make money by offering package programs […]
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High Cost of Moving the Presidential Office: A Look into South Korea's Emergency Fund Usage
News1 When the Yoon Suk Yeol administration took office on May 10, 2022, the president’s office was relocated to Yongsan, Seoul, from the Blue House in Jongno-gu, Seoul. Recently, as the regime entered its third year, it was confirmed that the most significant portion of the national emergency fund, or general reserve fund, was spent […]
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BLACKPINK's Rosé Reveals Need for Rest in Dazed Interview
“I Need a Little Break”BLACKPINK’s Rosé Shares Recent ActivitiesDazed Spring Edition Photoshoot Dazed Magazine released the latest spring edition editorial featuring BLACKPINK’s Rosé. Rosé, an active global ambassador for the premium travel brand Rimowa, appeared in the “Never Still” campaign, reflecting on the meaning of travel and home. Rosé’s photoshoot concept with Rimowa evoked the […]
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North Korea's Infrastructure Disappears Amid Loan Dispute
North Korea dismantles streetlights along the Gyeongui Line Railway and Donghae LineMinistry of Unification asserts North Korea’s obligation to repay for projects under loan agreementsLast year, mines were installed along these railways and roads On the 18th, the South Korean Ministry of Unification revealed North Korea dismantled dozens of streetlights on the Gyeongui Line and […]
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'North Korean Paris Hilton' Turned Conservative Activist Shaking Up American Politics
Human Rights Activist Park Yeon MiTransforms into an American Right-Wing StarCalled as the North Korean Paris Hilton The recent activities of Park Yeon Mi, a North Korean defector and human rights activist, have sparked conversation, and last year, The New York Times reported that Park has transformed into a fearless critic of the American progressive […]
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Back to Barbarism: North Korea's Public Executions Make a Comeback
North Korea Resumes Executions Post-PandemicNorth Korean School Field Trip Sites Turned into Execution GroundsHuman Rights in North Korea According to Various Reports The U.S. government has announced that “North Korea showed a trend of reducing public executions due to the COVID-19 pandemic, but as they began to ease border restrictions, the number of executions has […]
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HYBE Takes Action Against Min Hee Jin's Alleged Coup Attempt
Bang Si Hyuk Takes a Stab Min Hee JinSigns of Min Hee Jin’s Attempt to Break Away DetectedGeneral Shareholders Meeting Called, Audit Rights Exercised HYBE has demanded the resignation of Min Hee Jin, the representative of ADOR. HYBE recently launched an audit of ADOR, its subsidiary label, following suspicions that ADOR might be trying to […]
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Bitcoin Plummets as Iran Attacks Israel, Geopolitical Tensions Rattle Crypto Market
After Iran launched indiscriminate airstrikes on Israel, cryptocurrency prices plummeted in unison. At around 6 a.m. on Thursday, the price of bitcoin hit $61,000 ($84.45 million). This is the first time the price of bitcoin has fallen this low since March 24th...
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U.S. and Japan Raise Hourly Wages, Why Isn't South Korea Following?
California has raised the minimum wage for fast-food workers to $20 an hour. According to the Associated Press, the new wage rate was implemented on the 1st, marking a 29% increase from last year’s minimum wage of $15.50. California Governor Gavin Newsom signed an expedited bill in September last year to raise the minimum wage […]