Global
Policy
Bank of Korea Raises Rates for the Second Time in a Row… Inflation and Housing Prices to Determine Whether and How Fast to Raise Rates
With the U.S. Federal Reserve (Fed) raising its benchmark interest rate for the first time in three years and two months and leaving the door open for further hikes, attention is turning to the Bank o…
Stocks
Market 'Rattled' by a Single Word—'Wash'—More Than by Interest Rate Hike... Dow Down 1.2% [Wall Street in]
“We have removed some of the accommodation.”On the 16th (local time), it was not so much the U.S. Federal Reserve’s (Fed) first interest rate hike in over three years that shook New York’s financial m…
Stocks
[Breaking News] Dow Falls 1.2% Amid U.S. Rate Hike and Hawkish Remarks...
On the 16th (local time), the New York stock market closed lower across the board following the U.S. Federal Reserve’s (Fed) first interest rate hike in more than three years and hawkish remarks by Fe…
Policy
U.S. Federal Reserve Raises Benchmark Interest Rate for the First Time in Three Years… Signals Additional Hikes This Year (Comprehensive Report 2)
The U.S. Federal Reserve (Fed) has raised interest rates for the first time in more than three years, reigniting its battle against inflation. With the U.S. economy and labor market showing stronger-t…
Stocks
SK hynix to Partner with Intel?... Stock Price Rises 3% Before U.S. Market Open
SK hynix rose 3% in pre-market trading on U.S. stock markets following reports that the company is considering a partnership with Intel to produce memory semiconductors in the U.S. SK hynix(000660)sta…
IT
Jensen Huang and Zuckerberg Welcome Calls to Slow Down AI Development… "Safety Is Everyone's Responsibility"
Jensen Huang, CEO of NVIDIA, and Mark Zuckerberg, CEO of Meta, have rejected a proposal for the industry to collectively slow down the pace of artificial intelligence (AI) development. They argue that…
Policy
"Live for Today, There's No Tomorrow"… The Downside of the Record-High 1.7 Trillion Tourism Budget
The government has allocated 1.7581 trillion won for the tourism sector in next year’s (2027) budget (government proposal), an increase of 277.7 billion won from this year. This is the largest budget …
Politics (Global)
About 300 South Koreans ‘Detained in Georgia’ to Take Legal Action Against the U.S. Government
Approximately 300 South Korean workers who were arrested and detained last year at the construction site of a joint battery plant operated by HyundaiMotor Group (HyundaiMotor(005380)) andLG Energy Sol…
Society (Global)
Three Weeks Have Passed, but 5,600 People Are Still Missing… Search Efforts for Nepal Flood Victims Drag On
Nearly three weeks have passed since massive floods struck the border region between Nepal and Tibet, China, but the fate of more than 5,600 people remains unknown. The search for the missing is facin…
Stocks
Unity Hit the Jackpot, So Why Did the Chinese Robot IPO Hit a Snag?
Following the initial public offering (IPO) of Unitree, a leading Chinese humanoid robot company, local robotics firms have been lining up to file for IPOs. However, news of subsequent companies going…