North Korea’s won has fallen in half against the US dollar since July for unclear reasons. An internal North Korean document collected by Daily NK blames perverse psychology for the trouble and warns that the won must be protected from further devaluation, suggesting high-level concerns of destabilizing inflation and a potential new banking crisis. The…
October 17, 2024
Former President Donald Trump’s campaign position to implement tariffs of up to 10 percent—or even 20 percent as his pronouncements have suggested—has grabbed the attention of the international business community. It was also featured prominently in the first and possibly only debate between Trump and Vice President Kamala Harris. Already, analysts are concerned about the…
September 18, 2024
Last Thursday, Korean chipmaker SK Hynix made history by developing a 10-nanometer (nm) transistor process for 16 GB Double Data Rate 5 (DDR5), the latest iteration of dynamic random-access memory (DRAM) chips. By allowing for greater memory capacity and processing speeds for the corresponding central processing units (CPUs) that are used for cloud computation, this…
September 5, 2024
US policymakers are concerned about the competition that Chinese electric vehicles (EVs) may pose in the US and global economy. This concern is heightened by the rapid rise of Chinese EV manufacturers like BYD. EVs, which encompass battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles (FCEVs), are claiming an…