#economy (135 Posts)
-
Kim Jong Un's Vision for North Korea: A Glimpse Into the New Smart City
The construction site of the second phase of North Korea’s version of a “new city,” the Hwasong District, has been unveiled. Kim Jong Un also visited to draw attention. According to North Korea’s state-run media, the Korean Central News Agency, Kim Jong Un visited the construction site of 10,000 households in the second phase of […]
-
North Korea's Unusual Move: Replacing Airfields with Smart Farms
Three greenhouse farms in North KoreaWhy were Air Force bases transformed into smart farms? North Korea operates three large-scale greenhouse farms, converted into smart farms to cultivate vegetables using advanced technology and systems effectively. These projects are so significant at the national level that Kim Jong Un personally visited them during their inauguration. A common […]
-
Why You'll Fall in Love with These 3 Cars at First Sight
Capturing Consumers’ Hearts with One Unique Design: Top 3 Cars with Superior Design When buying a car, there are more than one or two factors to consider. Vehicle performance, sales price, availability of options, design, and more can all shift in priority depending on individual preferences and circumstances. So, what’s the most intuitive factor among […]
-
Insights from Experts on the Chinese Fund Recruited by Xi Jinping
China establishes $35 trillion semiconductor fundChinese funds decline amid economic downturnUrgent need to address real estate issues in China In March, Bloomberg reported that China plans to establish a fund worth $29.7 billion to support its domestic semiconductor industry. Experts interpret this move as China’s intention to overcome the impact of U.S. regulations on Chinese […]
-
South Korea's Wages Surpasses Japan's Salaries For the First Time in 20 Years
Korea’s hourly wage increased by 157.8%Korea’s average monthly salary is $3,415, while Japan’s is $3,239 An analysis has shown that the average wage of South Korean workers is higher than that of workers in Japan. However, unlike Japan, the wage gap between large corporations and small and medium-sized enterprises (SMEs) in Korea has widened. The […]
-
Man Searching Landfills for Lost Bitcoins Worth $2 Billion
Recently, the Bitcoin rally, which has been breaking records daily, has been downward since the 6th. As of the 26th, Bitcoin has recovered to the $1 million range, indicating that expectations for Bitcoin are still ongoing. Amid Bitcoin’s expected continued strong performance, a man accidentally threw away a hard drive containing 7,500 coins. The main […]
-
Japan Raises Interest Rates for the First Time in 17 Years: Is Now the Time for 'YenTech'?
Japan Raises Interest Rates for the First Time in 17 YearsYen Continues to WeakenInterest in ‘YenTech’ Grows The Bank of Japan, the country’s central bank, has made a historic move by raising its policy interest rate for the first time in 17 years since February 2007. In traditional economic theory, a rate hike typically strengthens […]
-
Why Gold Prices Are Skyrocketing After Fed's Latest Announcement
The value of gold has once again reached an all-time high following the announcement from the US Federal Reserve (Fed), stirring up conversation. According to the announcement made during the Federal Open Market Committee meeting on the 20th (local time), the Fed has kept the interest rate steady at an annual 5.25~5.50%. This marks the […]
-
Inside Kim Jong Un's Bizarre Orders: From Weight Gain to Archery Warfare
North Korea’s Kim Jong Un’s Absurd OrdersSuch as Archery, Weight gainThe economic crisis continues It has been transmitted that North Korean officials diligently take notes on Kim Jong Un’s directives. They have no choice but to comply with the orders of the absolute leader, but it’s said that not all of Kim’s directives are wise […]
-
Ohtani's Wife's Bag Sparks Buzz: Shocking Price Revealed
Shohei Ohtani, Mamiko Tanaka2024 MLB World Tour Seoul SeriesZARA Bags in the $40 Range Shohei Ohtani, known as the “Trillion-won man,” has been the talk of the town since he visited Korea. Ohtani’s Korean fans have not spread their interest to his wife, Mamiko Tanaka. On the 18th, it was reported that Mamiko Tanaka, wife […]
-
Why Has the Korean Government Decided to Regulate a Chinese Platform Used by 14 Million People?
The South Korean government has recently announced that it is taking action against three Chinese platforms, Aliexpress, Temu, and Xinyin, which have been criticized for selling counterfeit goods. The government held an emergency economic ministerial meeting chaired by Vice Prime Minister and Minister of Strategy and Finance Choi Sang-mok at the Government Complex in Seoul on the 13th. At the meeting, the government announced the 'Overseas Online Platform Consumer Protection Measures'...
-
North Korea's Kim Jong Un Boosts Public Morale with Gifts and Military Display
North Korean Leader Kim Jong UnGifts Tractor to Ryanggang Province, Rides New TankWhy Does He Continue His Active Moves? On the 28th of last month, he attended the groundbreaking ceremony to construct the Sungcheon National Industrial Factory in Pyeongan South Province, included in the “Local Development 20X10” policy. He announced, “I am sorry that we […]
-
Samsung Electronics Employees' Average Salary Decreases by 11% Compared to Last Year
An average of $90,000Union members surpass 20,000 It has been reported that the average annual salary of Samsung Electronics employees has decreased by about 11% compared to the previous year. According to Samsung Electronics’ annual business report released on the 12th, the average salary of Samsung Electronics employees in 2023 was $90,000, down about 11% […]
-
A Massive Complex Worth $4.56 Billion to be Built at LEGOLAND in Chuncheon
Chuncheon “Bio·IT” Corporate Innovation ParkGenerating over $4.56 billion in economic effectsInvestment of about $683 million in project costs A corporate innovation park, valued at $4.56 billion and combining bio and IT, is set to be established in Chuncheon, Gangwon Province, known for attractions such as Soyang River, Nami Island, and Legoland. On the 11th, the […]
-
Bitcoin Hits $76,000; Cryptocurrency Thefts Due to Issuance Authority
Bitcoin Surpasses $76,000PlayDapp delisted Virtual asset issuance authority stolen Bitcoin has been rallying daily, trading at $76,000 on Upbit, South Korea’s largest asset exchange. The rise of Bitcoin has influenced other leading coins like Ethereum and even “meme coins” to achieve their all-time highs. Yet, there were also coins that, regrettably, were delisted. The Digital […]
-
Kate Middleton's Photo Manipulation Sparks Speculation: What's Really Going On?
British Crown Princess Kate MiddletonAdmits to Photo ManipulationDespite Admission, Suspicions Deepen… British Crown Princess Kate Middleton admitted that she manipulated her photograph and apologized. After undergoing abdominal surgery last January and disappearing from public view, the Crown Princess revealed her recent condition by releasing a photo nearly two months later. Despite Kensington Palace’s previous statement […]
-
Bitcoin's Soaring Price Is a Warning Sign For Investors
Bitcoin Soars to $68,000Warning from the U.S. Securities and Exchange CommissionWhat to Be Aware of Before Investing? The price of Bitcoin, the leading cryptocurrency, hit a record high of $68,000 at 4:51 PM on the 4th. It was $65,000 last week, but it has jumped significantly. Analysis has poured in that it has broken through […]
-
Buffett's Berkshire Hathaway Boasts All-Time High Cash Reserves: Nowhere to Invest?
Berkshire Hathaway, the investment company of “Oracle of Omaha” Warren Buffett, recorded its all-time highest cash holdings, continuing its strong performance in the fourth quarter of last year. However, Buffett stated that the chances of achieving the same “eye-popping” results in the coming years are virtually nonexistent. According to the earnings report released by Berkshire […]
-
North Korea Designated High-Risk for Money Laundering and Terrorist Financing for 14th Consecutive Year
North Korean leader Kim Jong Un presses a blasting button after attending a groundbreaking ceremony for a housing project in Hwasong, North Korea. The FATF designated North Korea as a high risk country for money laundering and terrorist financing, calling for countermeasures and financial sanctions...
-
Hong Kong ELS Investors Hit with $751 Million in Losses, Banks Pocket $140 Million in Commissions
As the losses of customers who invested in ELS linked to the Hong Kong H-Index are expected to exceed $751 million soon, it has been revealed that these banks have earned about $140 million in commissions from H-Index-based ELS commodities. According to the financial sector, on the 26th, the total amount of H-Index-based ELS commodities […]