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German automakers lay off workers in Germany after investing in the US, ending the ‘Cold War support export economy’ The German auto industry, which has expanded its massive investment in the US, is beginning mass layoffs at its plants in Germany, marking the end of the high-growth system of the ‘Cold War support export economy’. Bosch, Germany’s largest auto supplier, announced on the 22nd that..

In a report at LG Ensol’s general shareholders’ meeting, Korea took the lead in “triple U.S. investment,” while Reuters said it was “negotiating to install it in Toyota.” Regarding LG Ensol CEO Kwon Young-soo's announcement on the 24th, Reuters reported that they were discussing with Toyota Motors to supply batteries for electric vehicles (EV), saying, "We are discussing ways of cooperation." Re..

The U.S.-Japan summit has put the lead in advanced semiconductors into operation, and South Korea has reached an agreement between the leaders of the United States and cooperation to promote semiconductor supply chains, and is showing a strategy of delaying the joining of Chip 4. People's Power Representative Kwon Seong-dong said, "We will focus on building infrastructure, reforming regulations,..

“A recession can be painful and frightening, but it is a recurring feature of the economy,” he said. The recovery is effectively over," the Wall Street Journal reported on the 29th. The Japanese government said, "The Japanese economy is rising, inflation is not remarkably high and not stagflation. The upward pressure on prices is weaker than in Europe and the United States. It is important to ov..

As the government and chaebols increase their dependence on US investment in the domestic economy, where investment is sharply declining, the economic slowdown continues, in which manufacturing shipments decrease and inventories rise. Manufacturing shipments in April fell 2.3% MoM, while the manufacturing inventory ratio rose 2.8%P MoM to 117.2%. In April, facility investment plummeted by 7.5% (..