Category: Today’s Brief
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Okay, here's the English translation of the provided text, maintaining the original formatting: Tesla, Robotaxis, and the Current State of FSD Technology Leading the Future 1. Advancements in Tesla FSD (Fully Self-Driving) Technology Recent Progress: Data from Altimeter Capital shows that Tesla's FSD disengagement rate (the number of times a driver needs to intervene)…
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Economic Fallacy: The Trap of Mean Reversion 1. What is Mean Reversion? Mean reversion is the theory that values that have fluctuated will eventually return to their 'average' over time. For example, the belief that "interest rates have risen, so they will return to low interest rates like before" is a typical example. However,…
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Regression to the Mean: Why Isn't it a Given? Interest Rates and Inflation Just because low interest rates prevailed in the past, there's no guarantee they'll return to those levels. The expectation that inflation will fall below 2% might also be an overly ambitious benchmark. Regression to the mean isn't always a given; the…
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US-China-Taiwan Conflict: South Korea's Challenges and Strategies 1. China-Taiwan Unification Possibility and US Response There is mention of the possibility of China attempting to absorb Taiwan by 2027. The US will not stand idly by in that situation and will act decisively to protect its semiconductor hegemony (represented by TSMC). In particular, military intervention,…
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1. Economic Lessons from Japan (1) Impact of the Plaza Accord The yen's appreciation following the 1985 Plaza Accord caused Japanese companies to lose their export competitiveness. In an irreversible situation, major corporations suffered, and the domestic economy experienced a slump. This led to a surge in stock and real estate prices (a bubble),…
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The Collapse of the Japanese Economy: Background and Lessons for Our Country Failure of Economic Transition Impact of the Plaza Accord Following the Plaza Accord in 1985, the Japanese yen's value sharply increased (from 240 yen to 120 yen per dollar), severely impacting the export competitiveness of Japanese companies. The rise in exchange rates…
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South Korea's Potential Growth Rate and Crisis Overcoming DNA 1. Decline in Potential Growth Rate The potential growth rate can be understood as the basic economic strength of a country.Until the early 2000s, South Korea's potential growth rate was about 5%, but as of 2024, it has fallen to around 2%. This is a…
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Political Risks and the South Korean Economy Domestic politics serve as a crucial signal for investors and major international nations. The standoff between the Corruption Investigation Office and the Presidential Security Service, the Presidential Office’s attitude, and discussions of impeachment are heightening South Korea’s political risks, negatively impacting its economic credibility. Exchange Rates and…
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Tesla, No Longer an Electric Vehicle Company but a Real-Life AI Firm? 1. Tesla’s 2025 Vision: Autonomous Driving (FSD) Expansion into Europe Tesla has long been seen as an electric vehicle company, but it is now at the forefront of AI software. The news that its autonomous driving technology, FSD (Full Self Driving), is…
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Okay, here's the translation of the provided Korean text into English, maintaining the original formatting: The Essence of South Korea's Steel Industry Crisis 1. Chicken Game with China China's Low-Price Offensive: China is targeting the global market with low-priced steel, leveraging its advantages in cheap electricity and labor costs. Consequently, Korean and Japanese steel…