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Police stand guard in front of the main gate of the National Assembly in Seoul on December 3, 2024, after South Korea's President Yoon Suk Yeol declared emergency martial law. South Korea President Yoon on December 3 declared emergency martial law, saying the step was necessary to protect the country from "communist forces" amid parliamentary wrangling over a budget bill. The iShares MSCI South Korea ETF, which tracks more than 90 large and mid-sized companies in South Korea, tumbled 6% to hit a 52-week low. South Korean stocks dropped in the U.S. on Tuesday after President Yoon Suk Yeol invoked emergency powers and declared martial law, raising fear of instability in the world's 13th largest economy. This is the first time since 1980 a South Korean leader has issued a martial law declaration.

Persons: Yoon Suk Yeol, Yoon, Yoon Suk, — Organizations: National Assembly, South, Korea ETF, Korea Electric, KT Corporation, Korea Telecom, Korea Exchange, U.S, South Korean Locations: Seoul, Korea, South Korea, U.S, Korean, South Korean, North Korea

☆ South Korea's inflation climbs in November, but misses expectations
▼ + stars: | 2024-12-03 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

South Korea's inflation rate climbed in November to 1.5% year on year, from a 45-month low in October, as the country grapples with a weakening Korean won and slowing exports. Last Thursday, South Korea's central bank unexpectedly cut rates by 25 basis points to 3%, marking the first time that the Bank of Korea had enacted two back-to-back cuts since 2009. South Korea narrowly avoided a technical recession in the third quarter, with GDP growing 0.1% quarter on quarter, according to the bank's advance estimates, following a contraction of 0.2% in the second quarter. South Korea's currency has weakened against the greenback over October and November, hitting a two-year high of 1,411.31 as tariff fears from the incoming Trump administration take hold. Data from the World Integrated Trade Solution platform — set up by the World Bank — lists the U.S. as South Korea's second largest trade partner.

Persons: BOK Organizations: Reuters, Bank of, Trump, World, World Bank Locations: Seoul, Korean, Bank of Korea, Korea

☆ Samsung, Jeff Bezos back Nvidia rival Tenstorrent in startup chipmaker's nearly $700 million funding round
▼ + stars: | 2024-12-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

The startup computing company aims to rival Nvidia with more affordable AI chips and processing. The nearly $700 million round attracted investors Samsung, Bezos Expeditions, and LG Electronics. In its latest funding round, Tenstorrent, a startup computing company that builds powerful AI hardware and software to compete with Nvidia, attracted big-name investors — including Jeff Bezos and Samsung. A company statement released Monday said its Series D funding round raised $693 million, valuing the AI chip startup at about $2.6 billion, per Bloomberg. Representatives for Tenstorrent, Samsung, and Bezos Expeditions did not immediately respond to requests for comment from Business Insider.

Persons: Jeff Bezos, Tenstorrent, Keith Witek, Ljubisa Bajic, Ivan Hamer, Milos Trajkovic, Jim Keller, Keller Organizations: Nvidia, Samsung, Bezos Expeditions, LG Electronics, Bloomberg, Samsung Securities, AFW Partners, Hyundai Motor Group, Apple, University of California, Tenstorrent, Business Locations: Seoul, Berkeley

☆ Asia-Pacific markets set to open higher, tracking Wall Street gains after key benchmarks hit new records
▼ + stars: | 2024-12-03 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set to open higher on Tuesday, tracking gains on Wall Street after the S&P 500 and the Nasdaq Composite rose to new records. Hong Kong's Hang Seng index futures were at 19,628, higher than the HSI's last close of 19,550.29. Overnight in the U.S., the S&P 500 added 0.24% to close at 6,047.15. The blue-chip index briefly topped the 45,000 level during the day, a key threshold it hit a few times last week. Fed funds futures are currently pricing in a 76% probability that the central bank lowers interest rates during its policy gathering, according to CME's FedWatch Tool.

Persons: Ed JONES, ED JONES, CME's, —, Alex Harring, Lisa Kailai Han Organizations: Getty, Nikkei, Nasdaq, Traders, Federal Reserve, Reuters, Dow Jones Industrial Locations: Seoul, AFP, Chicago, Osaka, Asia, Pacific, U.S

☆ South Korean won falls sharply against the U.S. dollar after president declares martial law
▼ + stars: | 2024-12-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

A television screen shows a news broadcasting of South Korean President Yoon Suk Yeol delivering a speech on emergency martial law, in Goyang, northwest of Seoul, on December 3, 2024. South Korea's won on Tuesday fell sharply against the U.S. dollar shortly after President Yoon Suk Yeol declared an emergency marital law. The U.S. dollar traded up as much as 2.7% against the won, before paring gains. Speaking during an unannounced televised briefing, South Korea's Yoon accused opposition lawmakers of controlling the parliament and throwing the country into a political crisis. Martial law refers to the temporary imposition of military authority over a civilian population, typically during a time of emergency.

Persons: Yoon Suk, South Korea's, Yoon Suk Yeol, Korea's Yoon, Yoon, hasn't Organizations: South, U.S, U.S . Locations: Goyang, Seoul, Republic of Korea, Korean, Asia's

☆ Seoul's $322 million gambit to save the city from crushing loneliness won't fix the source of its problems
▼ + stars: | 2024-12-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +7 min

The city glitters, but there's a reason the locals call South Korea "Hell Joseon." Lonely deaths in South Korea increased from 3,378 in 2021 to 3,661 in 2023, per the South Korean Ministry of Health and Welfare's data. "'Seoul Without Loneliness' is a bold challenge for the city and not an easy path to take," the representative said. In 2023, South Korea recorded a suicide rate of 27.3 out of 100,000 people, the highest rate among OECD countries like the US, UK, and Japan. Kee Hong Choi, a psychology professor at Korea University, said that his country's education system needs to be "changed dramatically" to become less competitive.

Persons: hoon, Family, it's, Eva Chen, Chen, Kee Hong Choi, Choi, Sohyun Kim, Kim, Korea University's Choi, Hua University's Chen Organizations: Korea Institute for Health, Social Affairs, South Korean Ministry of Health, Korean, Business, Seoul Metropolitan Government, country's Ministry, National University of Singapore, Tsing Hua University, South Korea's National Statistics Office, Korea University, Hua Locations: Seoul, South Korea, Korea, South, Japan, That's

☆ A North Korean Voice That Kim Jong-un Would Like to Silence
▼ + stars: | 2024-12-02 | by ( Choe Sang-Hun | ) www.nytimes.com time to read: +1 min

For seven years, Kim Seongmin has been facing a cancer that has spread to his lungs, brain and liver. Doctors recently gave him only months to live. Still, Mr. Kim broadcasts into North Korea twice a day, bringing its people news and information they are cut off from because of Pyongyang’s strict censorship laws. “North Korea is keeping its people like frogs trapped in a deep well,” said Mr. Kim, 62, during an interview at his rural home on this island west of Seoul, where he records and edits shows for Free North Korea Radio. “We broadcast to help them realize that there is something wrong with their political system.”For two decades, North Korean defectors living in South Korea have been infiltrating the North with outside news and entertainment, through balloons floated across the border or broadcasts such as those from Mr. Kim’s radio station.

Persons: Kim Seongmin, Kim, ” , Kim Organizations: Free North Korea Radio Locations: North Korea, Seoul, South Korea

Dodgers slugger Shohei Ohtani claimed in court papers this week that his former interpreter is in “wrongful possession” of valuable baseball cards that rightfully belong to him. Ohtani is seeking to recover $325,000 worth of baseball cards that he claims onetime assistant Ippei Mizuhara improperly bought earlier this year, according to a U.S. district court filing by the player and his attorney, Blair Berk. Some of those stolen funds were used on collectibles, Ohtani and his lawyer said in a federal court filing on Tuesday. Japanese baseball player Shohei Ohtani speaks alongside interpreter Ippei Mizuhara at Dodger Stadium in Los Angeles on Dec. 14, 2023. Brown / AFP - Getty Images file“Between January and March 2024, Defendant purchased approximately $325,000 worth of baseball cards at online resellers eBay and Whatnot, with payments drawn on Petitioner’s bank account,” the plaintiffs said.

Persons: Shohei Ohtani, Ohtani, Ippei Mizuhara, Blair Berk, Mizuhara, Frederic J . Brown, ” Organizations: Dodgers, Dodger, Getty, Defendant, Mizuhara, National League, District of Columbia, Sports, MLB Locations: U.S, Los Angeles, AFP, Seoul, California

SEOUL, South Korea — Starbucks, one of the world’s most recognizable, if sometimes tedious, symbols of global capitalism, has a knack for choosing unique spots to open coffee shops. As of Friday, visitors to Aegibong Peace Ecopark near Gimpo, South Korea, can take in the views across the demilitarized zone and the North Korean border. “People used to think of this area near the North Korean border as a dark and gloomy place,” Kim Byung-soo, mayor of Gimpo, told NBC News. The coffeehouse’s patrons can see a North Korean village on Songaksan Mountain, as well as the environmental preservation area that the civilian-free DMZ is home to. An observation deck at a Starbucks in Gimpo, South Korea.

Persons: Baek Hea, ” Baek, SeongJoon Cho, ” Kim Byung, Kim Jong Un, Lim Jong, chul Organizations: Starbucks, Reuters, Bloomberg, Getty, NBC News, Vietnam Locations: SEOUL, South Korea, Prague, Cordoba, London, Gimpo, Korean, Seoul, North Korea, Pyongyang, Korea, Gaepung County

☆ Starbucks opens a cafe with a view of North Korea
▼ + stars: | 2024-11-29 | by ( Chris Lau | Yoonjung Seo | ) edition.cnn.com time to read: +3 min

The 30-seat cafe is located at the Aegibong Peace Ecopark in Gimpo city, about 20 miles north of the capital Seoul. Reuters“I wish I could share this tasty coffee with the people living in North Korea right in front of us,” local resident Baek Hea-soon, 48, told Reuters. North and South Korea are technically still at war, as no treaty to end the 1950 to 1953 Korean War was ever signed. South Korean veterans drink coffee at an observation deck of the Starbucks Coffee in Gimpo. In January, North Korean leader Kim Jong Un said his country would no longer seek reconciliation and reunification with South Korea.

Persons: South Korea CNN —, Reuters “, Baek Hea, Lim Jong, ”, Kim Byung, SeongJoon Cho, hyeon Kim, Kim Jong Un, Kim Organizations: South Korea CNN, Starbucks, American, Korean, Reuters, Gimpo, Bloomberg, Getty, South Koreans, Korea Tourism Organization, South Locations: Seoul, South Korea, North Korea, Gimpo city, It’s, Kaepung, Vietnam, Gimpo

☆ South Korea's largest K-pop agency loses $423 million in value as girl group NewJeans set to part ways
▼ + stars: | 2024-11-29 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

SEOUL, SOUTH KOREA - NOVEMBER 28: Haerin, Danielle, Hanni, Minji and Hyein of girl group NewJeans attend the press conference on November 28, 2024 in Seoul, South Korea. K-pop girl group NewJeans hold a press conference an announcement on the termination of their contract with their agency Ador. South Korea's largest K-pop agency Hybe lost over $423 million in market cap on Friday after rookie group NewJeans announced it was terminating its contract with Hybe sub-label ADOR. In 2024, NewJeans had also won the Group of the Year Award at Billboard's Women in Music ceremony. Billboard's citation said the group scored entries across 10 Billboard charts, including the Billboard Hot 100, Billboard 200, and Billboard Global 200.

Persons: Danielle, Hanni, Hybe, NewJeans, ADOR, Min Hee, Min Organizations: SOUTH, Hybe, South, JoongAng Ilbo, Group, Billboard Locations: SEOUL, SOUTH KOREA, Seoul, South Korea, South, ADOR, South Korean, South Korea's, NewJeans, U.S

☆ China plans to restrict exports of a critical metal. But the market isn't that worried
▼ + stars: | 2024-11-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Stringer | ReutersBEIJING — China will start limiting exports of critical metal tungsten this weekend, just as alternatives to Chinese suppliers of the metal are reopening. watch nowEcclestone pointed out that tungsten prices have not reacted much to China's announcement. While China restricts tungsten exports, the U.S. increased tariffs on Chinese tungsten by 25% in September. Demand for tungsten in and outside China is expected to rise, keeping tungsten prices elevated in the near term, said Emre Uzun, ferro-alloys and steel analyst at Fastmarkets. But starting late next year, he expects increased non-China supply to help stabilize raw tungsten prices.

Persons: Stringer, —, Christopher Ecclestone, Ecclestone, Trump, Cullen, Hendrix, Almonty, Lewis Black, Jeong Kwang, Gracelin Baskaran, Emre Uzun Organizations: Reuters, —, Ministry of Commerce, U.S . Defense Department, Hallgarten & Company, Peterson Institute for International Economics, Almonty Industries, CNBC, Almonty, Bank, Center for Strategic, International Studies, South, . Geological Survey Locations: Lianyungang, Jiangsu province, China, Reuters BEIJING, U.S, South Korea, Canada, Seoul, Gangwon, Portugal, Sangdong, Kazakhstan, Australia, Spain

☆ The most auspicious year for Chinese births is almost over. For dragon babies, the competition is just getting started.
▼ + stars: | 2024-11-29 | by ( Kwan Wei Kevin Tan | Aditi Bharade | ) www.businessinsider.com time to read: +9 min

"Dragon babies are, for the most part, intensely desired and prized by their parents. Seah said dragon babies will also have a tougher time looking for jobs after graduation. AdvertisementThe study also found that Chinese dragon babies were 2.3% less likely to gain admission to local universities in Singapore. But the latest crop of dragon babies may have it easier, with competition evening out as birth rates drop. Dragon babies might have once been subject to great pressure to exceed expectations, but Gietel-Basten says he'd be "surprised" if that same level of pressure would be applied to 2024's dragon babies as they grow older.

Persons: Jackson Koh, Koh, it'll, It's, Fatih Aktas, —, Cheng Ong, Melissa Anne Lim, Lim, Kelvin Seah, Seah, Stuart Gietel, he'd, Basten, that's, Chen Qibao, Lee Hsien Loong, Lee, Qian Wenlan, Qian Organizations: Singapore's Nanyang Technological University, Getty, Singapore's Department of Statistics, National University of Singapore, NUS, Business, Singapore —, Hong Kong University of Science, Technology, Publishing, Getty Images, National Bureau of Statistics, Singaporean Locations: Singapore, Asia, Fatih, Anadolu, China, Basten, Getty Images China, China's, Xinhua, Seoul, South Korea

☆ NewJeans: Members of K-pop group say they are leaving agency ADOR after dispute
▼ + stars: | 2024-11-28 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Seoul, South Korea Reuters —Members of NewJeans, one of the most popular K-pop groups, said on Thursday that they were leaving their agency ADOR, a subsidiary of powerhouse label HYBE. The latest controversy in the K-pop scene has gripped South Korea this year, with accusations, audits and an emotional press conference making headlines. The members of NewJeans announce the termination of their contract with ADOR during a press conference on November 28, 2024 in Seoul. Chung Sung-Jun/Getty ImagesThe five NewJeans members held a late-night press conference to announce their departure from the agency and said they would like to work with Min Hee-jin, ADOR’s former chief who left the agency this month. “Once we leave ADOR, we’ll aim to proceed freely with the activities that we really desire,” said Danielle, one of the band members.

Persons: ADOR, “, NewJeans, Chung Sung, Min Hee, ”, Danielle Organizations: South Korea Reuters —, ADOR Locations: Seoul, South Korea

☆ Asia markets set to open mixed after Wall Street rally stalls; Bank of Korea rate decision in focus
▼ + stars: | 2024-11-28 | by ( Anniek Bao | ) www.cnbc.com time to read: +1 min

A general view of the Lotte tower amid the the Seoul city skyline and Han river during sunset. Asia-Pacific markets were poised to open mixed after Wall Street rally stalled overnight even as inflation data came in line with expectations. The U.S. personal consumption expenditure price index, or PCE, rose 2.3% on an annualized basis, accelerating from 2.1% in September. The Bank of Korea is expected to hold its benchmark rate unchanged at 3.25% when its monetary policy committee meets later in the day, according to a Reuters poll of economists. Hong Kong's Hang Seng index futures were at 19,618, higher than the HSI's last close of 19,603.13.

Organizations: Wall, Reuters, Bank of, Nikkei Locations: Seoul, Asia, Pacific, Bank of Korea, Chicago, Osaka

☆ South Korea unexpectedly cuts rates by 25 basis points — first back-to-back cuts since 2009
▼ + stars: | 2024-11-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A pedestrian walks past signage for the Bank of Korea in Seoul, South Korea, on Monday, Nov. 22, 2021. South Korea on Thursday cut its benchmark interest rate by 25 basis points to 3% in a surprise move, as the country strives to boost its economy that has seen tepid growth. Economists polled by Reuters had estimated the bank to hold rates at 3.25%. This also marked the first time the BOK has enacted two back-to-back cuts since 2009. It had cut rates by 25 bps in its last meeting in October.

Persons: BOK Organizations: Bank of, Reuters, bps Locations: Bank of Korea, Seoul, South Korea

☆ Johnny Somali: Controversial American live-streamer faces prison in South Korea for offensive behavior
▼ + stars: | 2024-11-27 | by ( Hanna Park | Gawon Bae | ) edition.cnn.com time to read: +3 min

CNN —A controversial American live-streamer is facing the prospect of prison in South Korea for his offensive antics, in a case that is shining a light on the rise of so-called “nuisance influencers” seeking clicks overseas. Ramsey Khalid Ismael, 24, commonly known by his online alias, “Johnny Somali,” has been indicted of causing a “commotion” at a convenience store, Seoul prosecutors confirmed to CNN. Angry locals threatened reprisals against the live-streamer in online posts following the incident. Separately, a man was arrested in Seoul last month for allegedly punching Ismael in the face, the Yonhap News Agency reported. Last year, the live-streamer was arrested in Osaka on suspicion of trespassing in a construction site, according to the Kyodo News agency.

Persons: Ramsey Khalid Ismael, “ Johnny, ”, Ismael, JTBC, John Lie, ” Lie, “, Ava Ko Organizations: CNN, MBC News, Yonhap News Agency, Kyodo News, University of California Locations: South Korea, Seoul, Asia, Instagram, Tokyo, Japan, Osaka, Hiroshima, Nagasaki, Berkeley

SEOUL, South Korea — A South Korean man hoping to avoid mandatory military service has been convicted after trying to eat his way out of it. He was sentenced to one year in prison, suspended for two years, under the Military Service Act, which allows for sentences of up to three years for evading mandatory military service without justifiable cause. The sentences were “relatively lenient” because neither of the men had previous criminal convictions, the court official said. “Most of all,” the official said, the man “accepted his wrongdoing and vowed to serve his military duty sincerely.”The official could not confirm whether the man had started his military service. Stella Kim reported from Seoul, South Korea, and Seyed Ismail Nafeesa from Hong Kong.

Persons: “, ”, Stella Kim, Seyed Ismail Nafeesa Organizations: Seoul Eastern, Court, NBC, Military Service Locations: SEOUL, South Korea, Korean, Seoul, Hong Kong

☆ South Korea convicts man over binge eating to dodge military draft
▼ + stars: | 2024-11-26 | by ( Jessie Yeung | ) edition.cnn.com time to read: +3 min

Seoul, South Korea CNN —A South Korean man who ate to the point of obesity in an attempt to dodge the army has avoided prison after he pledged to take up his mandatory military service. The man, whose age was not revealed by the court, has since “expressed his intention to fulfill his military duty sincerely,” the ruling said. Women are exempt from compulsory conscription, and volunteer females account for only 3.6% of the Korean military, according to the Defense Ministry. In a 2018 survey, 72% of Korean men in their 20s said they thought the draft was a form of gender discrimination, and almost 65% believed women should also be conscripted. Nearly 83% said it was better to dodge military service if possible, and 68% believed it was a waste of time.

Persons: “ Organizations: South Korea CNN, country’s, Amnesty International, Constitutional, Korean, Defense Ministry, ” Locations: Seoul, South Korea, Korean

☆ A South Korean man binge-eating to become too fat to serve is the latest creative attempt to dodge the country's draft
▼ + stars: | 2024-11-25 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +4 min

AdvertisementA South Korean man was given a one-year suspended sentence for evading military service. This is just the latest example of South Korean men going to extreme lengths to try to avoid serving. A South Korean man was found guilty of evading military service by deliberately putting on weight. While most South Korean men are expected to serve for at least a year and a half, shortly after finishing high school, the conscription law has a number of exceptions. This was the most common method in attempting to evade military service, with the second most common being faking a mental illness, with others falsely registering as disabled, and one internationally breaking a bone.

Persons: Kim Jong, — Organizations: The Korea Herald, country's, Korea Herald, BMI, Military Manpower Administration, South Locations: Seoul, South Korean

☆ Some of Temu's children's clothes contained up to 622 times the legal limit for toxic substances, South Korean authorities say
▼ + stars: | 2024-11-25 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

South Korean authorities said a jacket from Temu contained 622 times the legal limit for such substances. The substances include phthalate plasticizers, lead, and cadmium, which are classified as hazardous in the country. Some children's clothes from Chinese fast fashion retailer Temu contained up to 622 times the legal limit for toxic substances, the Seoul Metropolitan Government said. A jumpsuit from Temu contained 294 times the legal amount of phthalate plasticizers, the report said. AdvertisementThe same investigation revealed that sandal insoles sold by Temu contained 11 times more lead than legally permissible.

Persons: plasticizers, Temu Organizations: Seoul Metropolitan Government, Pakistan recycles, AFP, US Department of Health, Human Services, PDD Holdings, Business, Seoul Metropolitan, Bloomberg Locations: Seoul, Pakistan, South Korea, Korea

☆ Viral banana artwork has sold again — this time for $6.24 million
▼ + stars: | 2024-11-21 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

But artist Maurizio Cattelan’s viral creation, titled “Comedian,” has proven a sound investment for one collector: One of the artwork’s three “editions” smashed estimates to sell for $6.24 million at a Sotheby’s auction in New York on Wednesday. The auction house had estimated the work to go for between $1 million to $1.5 million; bidding began at $800,000. Prior to the sale, Sotheby’s confirmed to CNN that neither the tape nor, thankfully, the banana are the originals. The Miami installation was eventually removed amid public safety concerns, but all three editions were sold at the fair. In interviews given since the Miami installation, Cattelan has described “Comedian” as a work of commentary.

Persons: Maurizio Cattelan’s, ”, , Oliver Barker, Sotheby’s, Justin Sun, ” Sun, “, ’, Marcel Duchamp’s, David Datuna, David Galperin, ” Galperin Organizations: CNN, Art Basel Miami Beach, Guggenheim, Art Newspaper, Leeum Museum of Art, Seoul National University Locations: New York, Miami, Americas, Seoul, South Korea, London, Paris, Milan, Hong Kong, Dubai, Taipei, Tokyo, Los Angeles

• The US embassy in Ukraine’s capital Kyiv said it would be closed today after it received “specific information of a potential significant air attack.” Air raid sirens were activated in the city several times overnight. The US said it doesn’t see any indication that Russia is preparing to use a nuclear weapon in Ukraine. • Moscow’s fresh round of nuclear saber rattling follows the US move to allow Ukraine to strike targets deep inside Russia with American-made weapons. Ukraine hit a Russian weapons arsenal with the ATACMS missiles, which it fired across the border for the first time yesterday, according to two US officials — a major escalation on the 1,000th day of war. • The US has also approved sending anti-personnel mines to Ukraine for the first time, according to two US officials — another major policy shift.

Persons: Vladimir Putin, •, — Locations: Ukraine’s, Kyiv, Russia, Moscow, Ukraine, American, Russian

☆ North Korea appears to be sending its powerful howitzers to the Ukraine war, where artillery has been king
▼ + stars: | 2024-11-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

AdvertisementNorth Korea appears to have transferred different types of artillery systems to Russia. The development comes as North Korean troops are fighting against Ukraine on behalf of Russia. North Korea appears to have sent its big guns to Russia, furthering its support of Moscow's grinding war against Ukraine, a conflict in which artillery has been a dominant player. AdvertisementImages began to surface on social media last week showing what were identified as North Korean "Koksan" 170mm self-propelled howitzers traveling by rail across Russia. North Korea now shipping artillery systems to Russia — this in addition to shells, men, and missiles it is already sending.

Persons: Kasapoğlu, ZHBemaVVXM, 3lOtCi13TO — Oliver Carroll, Chung Sung, it's, Joe Biden Organizations: Ukraine, Western, Hudson Institute, Korean, Center for Strategic, Studies ' Missile, Artillery Rocket Systems, US Defense Intelligence Agency, DIA, Getty, Artillery, North Korean, Kyiv's, NATO Locations: Korea, Russia, South Korea, North Korea, Ukraine, Korean, Pyongyang, Kyiv, Moscow, Seoul, Kursk

☆ Milan’s Via Monte Napoleone is now the world’s most expensive shopping street
▼ + stars: | 2024-11-20 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Milan’s Via Monte Napoleone has beat out New York’s Fifth Avenue to become the world’s most expensive shopping street, marking the first time a European city has topped the rankings. The Gucci store on Fifth Avenue in New York City, seen in March 2024. In April, Gucci parent Kering paid €1.3 billion ($1.4 billion) to acquire a building on Via Monte Napoleone from a subsidiary of Blackstone. The world’s 10 most expensive shopping locations, by rent per square foot, according to Cushman & Wakefield:1. Via Monte Napoleone, Milan2.

Persons: Thomas Casolo, ”, Gucci, Michael M, Robert Travers, Kering, Blackstone . Chanel, Versace, Cartier, Celine Organizations: London CNN, New, Cushman &, Bond, Hong, Cushman, Wakefield’s, Italy, CNN, Via, Blackstone ., Henley & Partners, Cushman & Wakefield, New Bond, Tsui, Pitt, Mall Locations: Napoleone, Cushman & Wakefield, Paris, New York City, Europe, East, Africa, Via Monte Napoleone, Bottega, Milan, New York, London, Hong Kong, Ginza, Tokyo, Bahnhoftstrasse, Zurich, Sydney, Myeongdong, Seoul, Kohlmarkt, Vienna

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