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Annual Recurring Revenue of $12 billion Last year’s ARR was $5.5 billion OpenAI, the developer of ChatGPT, has recorded an annual recurring revenue (ARR) of $12 billion (approximately ₩16.7 trillion) as of July this year. Reuters reported this inform
Lutnick passes on negotiation know-how to Korea After the U.S.-Japan talks, Lutnick personally contacts Korea Korea-U.S. negotiations accelerate thereafter Minister Kim Jung-kwan summarizes key negotiating points on a panel Director Yeo defends the a
Trump: "Please invest in shipbuilding as soon as possible" Persistent defense against opening of the agricultural and livestock market Used mad cow disease incident photos to persuade No tariff-free quota received regarding steel Koo Yoon-cheol, Depu
On the 31st, the Bank of Korea announced, in connection with the conclusion of Korea-U.S. trade negotiations, that "uncertainty is expected to decrease." Sangdae Yoo, Deputy Governor of the BOK, held a market monitoring meeting on this day with Chang
Differences in Perspectives with the United States…Possible 'Different Dreams in the Same Bed' Like Japan President Lee Jae-myung wrote on social media on the 31st (30th, US Eastern Time), after the conclusion of the tariff negotiations with the Unit
The New York Stock Exchange closed lower. The Fed maintained rates for another time on the 30th (local time), stating it would continue to observe the impact of tariff policies despite President Donald Trump's pressure for a rate cut. On this day, th
◆Trump: "Meeting with South Korean negotiation delegation today" Donald Trump, the President of the United States, announced on his social media today, "I will meet with the South Korean trade delegation." Trump stated, "I am scheduled to meet with t
Donald Trump, President of the United States, announced on TruthSocial on the 30th (local time) that the tariff rate on South Korea would be set at 15%. He also revealed plans to hold a US-South Korea summit within two weeks. Previously, he stated, "
Korean negotiation team leaves the White House after a visit to meet Trump Jung-Sam Ko Hankyung.com reporter jsk@hankyung.com
Two members argue for a 0.25%P rate cut and oppose the decision The Fed held the benchmark interest rate steady at the current 4.25~4.50% on the 30th (local time), despite repeated pressure from President Donald Trump for a rate cut. The Fed announce
GDP rebounds after one quarter Consumer spending up 1.4%… Slower corporate investment Private sector employment up 104,000 in July Fed expected to keep benchmark rate unchanged Trump pressures Powell to cut rates "High real tariff rates may weaken gr
Video Conference with the U.S. Negotiation Delegation President Lee Jae-myung received a status report on July 30 from the negotiation team currently visiting the United States and Japan, just two days ahead of the deadline for U.S. tariff negotiatio
Provisional Agreement on High Tariff Suspension Third Round of Talks Concluded in Stockholm Besant: "Trump will make the final decision" "500% Tariff on Chinese Purchases of Russian Crude Oil" Final Settlement Expected at Summit Speculation about Tru
In line with US 'Dollar Coin' Legislation...Rival Parties Compete for Issue Leadership Issuance Licensing System·₩5 Billion in Capital, etc. Similar Frameworks...Divergence over Interest Ruling Party Proposes Establishing 'Digital Asset Committee' Le
Korean negotiation team meets with Lutnick… US demands 'full market opening' Chung Eui-sun also heads to Washington… Business leaders successively support the negotiations Howard Lutnick, US Secretary of Commerce, who is in tariff negotiations with K
Decrease of 15,000 Employees in June No Sign of Recovery in Manufacturing and Construction Last month, the number of employees at domestic businesses turned back to a decline after just one month. The employment market remains frozen and shows no sig
U.S. "Bring Everything"... Tariff Negotiation Pressure at Its Peak $100 billion+α vs $400 billion U.S. Indicates Dissatisfaction with Fourfold Difference in Investment Amount Trump: "Negotiations Won't End Tomorrow" Expert: "$300 billion is the Magin
Successive Trips to the U.S. by Business Leaders Dong Kwan Kim: Shipbuilding, Jay Y. Lee: AI Chip Cooperation Euisun Chung Offers 'Support' for Lowering Auto Tariffs On the eve of the tariff negotiation deadline with the United States, the heads of m
Study Mode at the Level of a Private Tutor Released "Everyone Will Have a Global Brain" OpenAI unveiled ChatGPT’s study mode on the 29th (local time), designed to support academics. When introducing study mode, OpenAI explained, “It was created to he
A bill has been introduced in the U.S. Congress to use tariff revenue to provide a minimum of $600 (approximately ₩830,000) per person to all citizens. According to The Hill, a congressional specialty media outlet, on the 29th (local time), Republica
Elon Musk, CEO of Tesla, stated that he discussed specific cooperation plans via video call with Lee Jae-yong, Chairman of Samsung Electronics, in relation to the approximately ₩22.8 trillion semiconductor foundry supply agreement signed with Samsung
As gold surged nearly 30% this year, Wall Street is voicing diverging outlooks for gold prices in the second half. On the 30th at the New York Mercantile Exchange (COMEX), gold futures were traded at $3,381.5 per troy ounce during the day (2 p.m.), u
Following Dong-Kwan Kim and Jae-Yong Lee, major business leaders are mobilizing Expected to strengthen discussions on car tariff reductions Euisun Chung, Chairman of Hyundai Motor Group, is heading to Washington to support tariff negotiations with th
The International Financial Center has projected that as US dollar-denominated stablecoins enter the institutional financial system, demand for US short-term Treasuries (T-bills) could reach $800 billion. While the market expects this inflow of deman
Oil stocks are showing strong gains early in the session on the 30th. This is interpreted as an effect of rising international oil prices, driven by U.S. President Donald Trump's sanctions pressure against Russia, which has raised concerns over disru
The Middle East: A New Blue Ocean for Korean Companies Opportunities Expanding Amid Digital Transformation and Capital Investment Compliance Amidst Legal, Religious, and Employment Norms Is Key to Success The 'Law Street' column on Law&Biz provides b
Elon Musk, CEO of Tesla, stated that he had a video call with Chairman Lee Jae-yong of Samsung Electronics to discuss concrete cooperation measures. On the 29th (local time), Musk replied to a comment on X (formerly Twitter) regarding "Samsung Electr
The New York stock market declined as caution set in ahead of the Federal Reserve (Fed) policy rate decision and upcoming corporate earnings announcements. On the 29th (local time), the Dow Jones Industrial Average ended trading at 44,632.99, down 20
◆ New York Stock Exchange closes lower amid fading momentum from successive trade agreements...S&P500 and Nasdaq hit record highs The three major indices on the New York Stock Exchange closed lower on the 29th (local time). With the Federal Open Mark
The United States government urged South Korea on the 29th to present its final proposal regarding trade negotiations. On the same day, President Donald Trump stated that the third high-level trade talks with China “went well,” hinting at the possibi