-"Even KAIST will be reduced to an ordinary university"…the science community was thrown into turmoil
On the 9th, Kim Wan-seop, Director of the Budget Office at the Ministry of Economy and Finance, and Kim Dong-il, Economic Budget Review Officer, plan to include the budgets of the four science and technology institutes in the Special Account for Higher and Lifelong Education Support. "Concern that cradles of scientific talent such as KAIST will be reduced to ordinary universities"
-KEPCO posts '22 trillion won deficit' through September
An operating loss of 7.5309 trillion won in the third quarter this year
- A new town of 46,000 households in Gimpo…Line 5 to be extended too
The Yoon administration's first new housing site designation. Similar in scale to Wirye New Town. Linked with GTX too…move-in by 2030
- China shortens overseas arrivals' quarantine from 7 days to 5…a signal flare for 'living with COVID'
Financial markets brighten for once, the real-economy crisis remains. 11/3 1,423 won -> 1,318 won. The stock market too, KOSPI rises 3%. Fear of a Lehman-style crisis in the crypto scene, domestic exchanges must also enhance trust systems. North Korea's cyber threat, raised as a Korea-US agenda item, urgently needs a nationwide control tower. Trump should give up the 2024 election; issues) inflation, abortion, crime, pandemic, education, climate. Democrats) Joe Manchin, Chris Coons (Delaware), Gina Raimondo. The moon jar at Christie's auction: Kim Whanki, Kang Ik-joong, Choi Young-wook, Kang Min-soo, Kwon Dae-sup. KOSPI cheers "it's hit bottom" vs "the earnings landmine remains." Hong Kong stocks up 7% on China's signal of shifting to living with COVID. Is the 'King Dollar' breaking? On expectations the FED will moderate its pace of rate hikes, the yen and euro surge. KEPCO's deficit this year in the 30-trillion-won range.. "a black hole for the capital market." KEPCO bonds keep pouring out
Real estate and other assets held by public institutions—assets within 5 years
Selling 14.5 trillion won.
Unnecessary office buildings and official residences all to be sold. The Ministry of Economy and Finance to reflect this in management evaluations. Exports falling for two months in a row? Trade deficit of 2.05 billion dollars so far this month. Semiconductor exports down 27% from last year, with semiconductors the No.1 export item. Rising export items: petroleum products 64%, passenger cars 31.8% holding up well. SoftBank turning to profit? An illusion from the sale of Alibaba. Under Xi Jinping's 'common prosperity' banner, China's wealthy shrank 40%.
Tencent, Alibaba founders 'cut in half.' Top 100 wealthy see assets plunge 40%. Biden and Xi Jinping to hold their first face-to-face summit in Bali on the 14th. Musk's Twitter spirals downward, executives resign, even bankruptcy warnings. Amazon pulls out of its unprofitable AI voice service
The robotic arm Sparrow instead of Alexa. LG Energy Solution is the fastest to meet the US IRA battery requirements. Energy storage systems (ESS) are promising. As eco-friendly energy use grows, among new releases that split the gaming industry's earnings, only Nexon smiled. Samsung extends a hand to homegrown fabless firms, providing development support fire for next-generation semiconductors. SsangYong Motor graduates from court receivership. After 1 year and 7 months, the new owner is KG. KG Consortium 365.5 billion won. AI handles photo retouching automatically. SKT A.dot Photo, SkyTeam. Generation 1030 favors 'thrifty spending' over 'flexing.' Convenience-store ultra-low-price PB and subscription coupons selling like hotcakes. Cabbage prices up 82% in a year, with shipment volumes plummeting on poor harvests. Tuna cans hit by the high exchange rate—Dongwon F&B to raise prices again
Shanghai once a week, Sapporo daily. Korean Air resumes international flights. Toss launches simple-payment service on China's AliExpress. Buy companies that are short-selling targets yet have solid earnings. With the government expanding ABCP purchases, securities stocks rise in unison. Gangbuk-gu, which gave back last year's home-price gains. Gangbuk-gu -4.3%, Nowon-gu last year +9.83 - 5.65%. Yongsan executive, Seoul City Safety Division chief. Shin Hanul Units 1 and 2 to be completed in September 2023. Walt Whitman, 『Leaves of Grass』, the poetry collection Marilyn Monroe loved