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Economy

North Korea’s Cyber Heist: Hackers Snatch a Record $1.34 Billion in Crypto

North Korean hackers stole a record $1.34 billion in cryptocurrency this year, raising alarms about their cybercrime activities.

Fed’s Latest Rate Cut Shows a Shift Toward Caution Amid Economic Uncertainty

The Fed slows rate cuts for 2024, now expecting only two, amid persistent inflation and resilient labor market conditions.

South Korea’s News Sentiment Index Drops to the 70s, Its Lowest in Over Two Years

South Korea's News Sentiment Index fell to 77.47, its lowest in over two years, reflecting economic sentiment challenges.

Bitcoin Breaks $108,000 Mark: Is $110,000 Next?

Bitcoin surpassed $108,000 for the first time, while markets await the Fed's monetary policy decisions amidst mixed crypto performances.

China’s Gold Fever Fades: Jewelry Giant Closes Hundreds of Stores

China's jewelry sector faces a downturn, with Chow Tai Fook reporting a 20% sales drop and closing 239 stores amid economic challenges.

Trump’s New Efficiency Chief Slams Fast-Tracked Chip Subsidies

Vivek Ramaswamy criticizes fast CHIPS Act subsidy distribution, accusing the Biden administration of rushing before leadership change.

1000 Days of Conflict: How the Ukraine War is Shaking Europe’s Economy

The Ukraine war marks 1,000 days with over 12,000 civilian deaths, $152 billion in damages, and fears of a European recession looming.

Bitcoin Hits $93K Before a Dip: Is the Trump Effect Fading?

Bitcoin hit a record $93,000 post-Trump's election but fell back due to profit-taking and inflation concerns. Analysts predict future highs.

Trump Picks Elon Musk to Lead New Government Efficiency Department – Is DOGE the Secret?

Trump appoints Elon Musk to lead the Department of Government Efficiency, sparking a surge in Dogecoin's value due to its DOGE acronym.

Elon Musk’s Wealth Soars Past $300 Billion After Trump’s Win

Elon Musk, CEO of Tesla, has seen his net worth surpass $300 billion once again following Donald Trump's election as U.S. President.

Starliner’s Journey to the International Space Station

The CST-100 Starline space capsule of the U.S. Boeing has successfully docked at the International Space Station (ISS) on its first manned test flight. According...

Are Tech Giants Hiding the Real Dangers of AI?

Despite the increasing existential threat that artificial intelligence (AI) poses to humanity, many people remain unaware due to lobbying by large information technology (IT)...

Inflation Woes: Global Economies Struggle with Rising Prices

Major countries around the world are on high alert for inflation. As a result, their interest rate reduction policies are slowing down. U.S. Treasury Secretary...

Tesla’s Massive Layoffs Fill Employees with Anxiety

The U.S. media reported on the 20th (local time) that Tesla, the American electric vehicle company, has been carrying out massive layoffs for over...

WestJet Launches New Direct Flight from Incheon to Calgary, Boosting Tourism and Trade

On the 20th, Incheon International Airport Corporation announced that they held a ceremony on the evening of the 18th at the boarding gate of...

Porsche’s Panamera: The Car That Stole the Show in May 2021

Porsche's 3rd Generation New Panamera has become the Car of May this year with its improved drive system and digitalization. The Korean Automobile Journalists...

JW Pharmaceutical Reveals Promising Results for H4R Antagonist in Animal Trials

JW Pharmaceutical presented new possible treatments for ophthalmic diseases at the American Association for Vision and Ophthalmology (ARVO 2024) conference held in Seattle, Washington....

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