Foreign arrivals rise, but per-capita spending drops Package tours decline as independent and cruise travel surge Tourism deficit continues widening trend since 2020 The number of foreign tourists visiting South Korea in the first half of this
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Indonesia purchases Chinese J-10 fighter jets Neglects commitment to develop Korea’s KF-21 “Boramae” Prabowo administration accelerates pro-China foreign policy Chinese J-10 fighter jet/Photo=Chengdu Aviation Corporation of Chin
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Trump Administration Imposes New Sanctions on Russia’s Largest Oil Firms Washington Urges Beijing and New Delhi to Join in Sanctions Compliance EU Reaches Agreement on Its 19th Sanctions Package Against Russia Chinese and Indian oil compan
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S-Oil Set to Launch Korea’s First TC2C Plant Next Year Direct Crude-to-Ethylene Conversion without Intermediate Processing Major Variable amid Stalemate in Petrochemical Restructuring Efforts S-Oil Shaheen
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Despite high hopes as next growth engine, technological maturity remains low Cognitive limitations mean it may take at least 10 years to solve Internal resistance, security and accountability issues hinder practical adoption Big Tech companies are t
Read MoreChina’s National People’s Congress Backs AI Research and Core Technologies Beijing Moves to Strengthen Ethical and Security Oversight Washington Unveils Action Plan to Ease Regulations and Accelerate Innovation The reg
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Fifteen Seoul district heads demand reversal of land transaction permit zones Homebuyers face barriers if housing prices exceed $11 million LTV cap cuts restrict purchases even below $11 million threshold On October 15, President Lee Jae-myung’s a
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IMO Delays Mid-Term Measure Decision by One Year U.S.
Read MoreGradual downsizing of department store and duty-free channels Two consecutive years of negative growth after pandemic-driven China slump Slow entry into M&A and beauty device market LG Household & Health Care (LG H&H) has begun
Read MoreLiberal Democratic Party Accepts Ishin’s Demand for Osaka Sub-Capital Osaka Aims to Build Second Growth Axis through Industrial Diversification and Infrastructure Expansion Concerns Mount over Decline Risks and Financial Burden
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Blackwell GPU Mass Production Begins at TSMC Arizona Plant U.S.
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Taekwang and Aekyung Boards Approve Deal Aekyung Expands Beyond China to U.S.
Read MoreVivo Regains No.1 Position in China Samsung and Xiaomi Overtaken in India Inflection Point for Samsung’s Business Model The global smartphone market’s center of gravity is shifting toward China.
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Innovation Party’s Participation through External Cooperation Reduction of Parliamentary Seats Adoption of Osaka Sub-Capital Plan Sanae Takaichi, President of Japan’s Liberal Democratic Party/Photo=Sanae Takaichi
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IMF Projects 2.3% Increase in UK Tax Ratio by 2029 Labour: “Tax Hikes Unavoidable to Tackle Fiscal Deficit” France Weighs 2% Wealth Tax on Ultra-Rich Individuals Amid growing fiscal strain across Europe triggered by U.S.
Read MoreDivergence Over $350 Billion Investment Structure Discussions on Phased Execution and Alternative Mechanisms High Likelihood of Final Signing Before APEC Summit With just two weeks remaining before the Asia-Pacific Economic Cooperation (APEC) summ
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CPPIB Scales Back Korean Exposure Since Last Year Reduced Appeal in Fund Stability and Governance LPs Shift Toward Long-Term Stability Over High Returns A growing number of Korean private equity (PE) firms are making inroads into securing foreign
Read MoreFunds from OpenAI’s investors flow back into chip purchases A vast financial web linking Nvidia and SoftBank ‘Virtuous growth cycle’ vs.
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Monopolistic dominance unbalanced by weaponization of rare earths Western countermeasures accelerate diversification of supply chains EU Trade Commission and G7 finance ministers set to discuss coordinated response Inside
Read MoreMarket Growth Overshadowed by Decline of Korean Firms Mounting Risks from China’s Production Cuts and Technological Expansion Industrial Fragility Exposed amid Delayed Technological Transition South Korea’s secondary battery industry—once ha
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