Finance
Samsung Electronics Reclaims Milestone with Foreign Ownership Reaching 52.08%
May 23, 2023 – In a significant milestone for Samsung, the latest data disclosed by the Korean Exchange reveals that as of May 19, 2023, foreign ownership of Samsung Electronics has rebounded to 52.08%, reaching levels last seen on March 4, 2022. According to the disclosed information, foreign investors had been fervently selling off Samsung…
Twitter’s Future Unveiled: X Corp.’s Recruitment Drive for a Universal Application
May 22, 2023 – In a surprising turn of events, Elon Musk’s acquisition of Twitter last year has sparked the birth of a visionary project aiming to rival the likes of WeChat—a venture known as X Corp. Today, the company has commenced its ambitious quest by actively recruiting talented individuals. According to reports from Twitter…
Unveiling the Potential: Apple’s Multi-Billion Dollar Investment in MicroLED Research
May 18, 2023 – In the ever-evolving landscape of technology, Apple has been making substantial investments in the development of microLED technology over the past decade. These investments have amounted to at least $1 billion, paving the way for exciting advancements in display technology. MicroLED, a promising innovation, has presented Apple with significant challenges in…
Sony Explores Divestiture of Financial Businesses to Prioritize Entertainment and Image Sensors
May 18, 2023 – In a strategic move, Sony Corporation announced today that it is contemplating the divestiture of certain financial businesses as it focuses on expanding its presence in the realms of entertainment and image sensors. Sony revealed its consideration of splitting off Sony Financial Group within the next two to three years. The…
Transforming the Landscape: South Korea’s Bold Plans to Lead the Panel Market
May 18, 2023 – In a recent development, South Korean panel manufacturers, driven by Samsung Display and LG Display, are gearing up to regain their dominance in the global panel market by making substantial investments in the next five years. According to reports from international sources, the South Korean Ministry of Trade, Industry, and Energy…
Samsung Electronics Plans to Establish Semiconductor Plant near Tokyo
May 17, 2023 – In a surprising move, South Korean tech giant Samsung Electronics has announced plans to establish a state-of-the-art semiconductor manufacturing plant near Tokyo. This venture comes amidst reports indicating that the Japanese government is considering providing subsidies worth around 15 billion Japanese yen (approximately 77 million Chinese yuan or 11.5 million US…
The Next Frontier of E-commerce: Amazon’s Drive to Revolutionize Product Search with AI
May 16, 2023 – As the dawn breaks on another day in bustling New York City, the news arrives that Amazon is poised to revolutionize e-commerce search with a cutting-edge product akin to ChatGPT. Reports suggest that Microsoft and Google are also integrating generative AI capabilities into their search engines, leaving Amazon determined not to…
Musk Explores Potential Investments in France During Meeting with President Macron
May 16, 2023 – In a surprising turn of events, Elon Musk, the CEO of Tesla, made an unexpected visit to Paris, France, today to engage in a high-profile meeting with French President Emmanuel Macron. The purpose of their discussion revolved around exploring the potential for Tesla’s investments in the country. Reports suggest that Tesla…
Job Boost in Germany: Northvolt’s New Factory to Create Thousands of Employment Opportunities
May 15, 2023 – In a significant development, Swedish green battery manufacturer Northvolt has announced plans to establish a state-of-the-art battery factory in the city of Heide, located in the Schleswig-Holstein region of northern Germany, as reported by Reuters. This venture aims to revolutionize the energy storage industry and meet the increasing demand for sustainable…
Unprecedented Slide: South Korea’s ICT Exports Experience 10 Consecutive Months of Decline
May 15, 2023 – In a surprising turn of events, South Korea witnessed a significant downturn in its information and communication technology (ICT) exports in April. The ICT export value plummeted by a staggering 35.9% compared to the previous year, amounting to $12.77 billion (approximately ¥88.879 billion in Chinese currency). This decline marks the tenth…