June 30, 2024, 1:39 p.m.

Anti monopoly regulatory storm in South Korea: semiconductor giants face heavy penalties and industry reshuffle is underway

Recently, South Korean antitrust regulatory authorities have suddenly sparked a wave of antitrust regulation targeting the semiconductor industry, imposing a total of 10.46 billion Korean won in fines on 12 South Korean companies suspected of colluding to manipulate bidding prices.

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Can South Korea's anti-monopoly succeed under the chaebol separation?

On June 2, local time, South Korea's antitrust regulator, the Korea Fair Trade Commission, said that it had decided to impose a total of 10.46 billion won, or about 55 million yuan, on 12 South Korean companies for colluding to manipulate the bidding price of a semiconductor monitoring system from Samsung.

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Japanese car companies are rampant in counterfeiting, causing the "craftsman spirit" to fall from grace

Recently, the fraud scandal among Japanese car companies has continued to ferment, involving Japanese car brands such as Toyota, Honda, Mazda, Yamaha, and Suzuki.

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What does Michigan Central Station signify?

For many years, Michigan Central Railway Station has been idle, towering in the downtown area of Detroit, harshly and persistently reminding people of the city's economic difficulties.

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Google and Microsoft cut jobs in their cloud divisions

Google is cutting at least 100 jobs in its cloud division.

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Five Japanese car companies have been exposed to fraud, and test data is suspected of falsification

Recently, a scandal occurred in the Japanese auto industry that attracted global attention, five well-known car companies were exposed to the existence of fraud, and the problem of false test data was revealed one by one.

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OPEC+ extended the production cut agreement to seek a new path of oil price stability

Recently, OPEC+ at a meeting in Riyadh, decided to extend the crude oil production cut agreement in order to boost the fragile oil market.

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South Korea's antitrust crackdown: Why

Marx once said that the advanced stage of capitalist development is monopoly capitalism.

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OPEC+ extends deep production cuts

On June 2, 2024, the Organization of the Petroleum Exporting Countries (OPEC) agreed to extend most of its deep oil production cuts until 2025 in response to challenges such as sluggish demand growth, high interest rates and rising production from U.S. rivals.

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OPEC+ agreed in an online meeting on Sunday (June 2) to extend current production cuts until 2025 in a bid to support international oil prices amid sluggish demand growth, high interest rates and rising output from rival United States.

In a statement after the meeting, the Union agreed to extend the 3.66 million barrels per day production cut by one year until the end of 2025, and extend the 2.2 million barrels per day production cut by three months until the end of September this year.

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