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President Lee Proposes "Pragmatic Alliance" with U.S., Emphasizes Manufacturing and Security

President Lee Proposes “Pragmatic Alliance” with U.S., Emphasizes Manufacturing and Security

Following a high-profile meeting with U.S. President Donald Trump, South Korean President Lee Jae Myung has proposed what he calls a “pragmatic alliance” between Seoul and Washington, signaling a new chapter in the 70 year old U.S.-Korea partnership. Speaking at a prominent Washington think tank, President Lee said the evolving global landscape calls for a […]

South Korea, U.S. to Formalize $350 Billion Trade Investment Plan with Non-Binding Agreement

South Korea, U.S. to Formalize $350 Billion Trade Investment Plan with Non-Binding Agreement

Seoul and Washington Aim to Clarify Profit-Sharing, Operational Structure of July Deal Seoul, August 26, 2025 — A senior South Korean official announced Monday that South Korea and the United States will formalize a non-binding agreement to outline the operation and structure of a massive $350 billion investment fund, central to a July trade deal […]

Hyundai Motor India Defies Headwinds with Strong Profits and Rare-Earth Resilience

Hyundai Motor India Defies Headwinds with Strong Profits and Rare-Earth Resilience

Hyundai Motor India has reported stronger-than-expected quarterly profits, a significant achievement driven largely by a robust surge in exports. This positive financial performance comes amidst a challenging global automotive landscape and growing concerns over critical supply chains. Adding to its resilience, the automaker has also played down fears surrounding China’s recent rare-earth magnet export ban, […]

DRC Extends Cobalt Export Ban by Three Months to Stabilize Market

DRC Extends Cobalt Export Ban by Three Months to Stabilize Market

Kinshasa, Democratic Republic of Congo — The Democratic Republic of Congo (DRC) has extended its ban on cobalt exports for an additional three months, aiming to stabilize global markets and prevent further declines in prices of the key mineral used in electric vehicle (EV) batteries. The decision was announced this weekend by ARECOMS, the DRC’s […]

China Confirms High-Level Tariff Talks With U.S. in Switzerland

China Confirms High-Level Tariff Talks With U.S. in Switzerland

China has officially confirmed that Vice Premier He Lifeng will travel to Switzerland for a new round of high-level tariff discussions with senior U.S. officials, signaling a cautious diplomatic engagement amid rising trade tensions. The talks, requested by Washington, aim to address escalating tariff measures and growing friction between the world’s two largest economies. The […]

Toyota Forecasts 20% Profit Decline Amid U.S. Tariffs and Currency Headwinds

Toyota Forecasts 20% Profit Decline Amid U.S. Tariffs and Currency Headwinds

Toyota Motor Corporation has projected a 20% drop in its annual profit, citing the effects of U.S. trade tariffs and a weakening dollar, which have significantly impacted its North American operations. The world’s largest automaker by volume expects its operating income to fall to 3.8 trillion yen ($25.2 billion) in the fiscal year ending March […]