Lotte Information and Communication’s First-ever Sales Surpassed KRW 1 Trillion… Lotte Information and Communication surpassed KRW 1 trillion in annual sales for the first time since its foundation. Lotte Information and Communication announced on the 9th that it recorded consolidated sales of KRW 1.47 trillion and operating profit of KRW 34.3 billion last year. Sales increased 12.7% year-on-year. Operating profit fell 14.3 percent. By business sector, system integration is 879.8 billion won and system management is 168 billion won. On a consolidated basis, sales in the fourth quarter were 318.2 billion won and operating profit was 15.7 billion won. Compared to the same period last year, sales and operating profit…

Kakao Games.VX’s record-high performance in non-game growth Kakao Games recorded its largest sales and operating profit since its foundation. The move comes after solid earnings and other sales in non-game sectors such as Kakao VX and Sena Technology continued to grow despite a sharp drop in fourth-quarter earnings. Kakao Games announced on the 8th that it achieved a total of 1.1477 trillion won in sales last year, recording its largest performance. This is an increase of about 13% compared to the previous year. Operating profit also increased 59% year-on-year to 177.7 billion won. Annual performance improved, but the atmosphere in the fourth quarter was not good. Its fourth-quarter earnings are…

Singapore economy grows 3.8% in 2022…”Slowly in Q4 Singapore gross domestic product (GDP) rose 3.8 percent last year compared to the previous year, the Straits Times and CNN reported on the 3rd. Citing related statistics released by the Singapore Ministry of Trade and Industry on the same day, the media reported that the economic growth rate in 2022 exceeded the government’s estimate of 3.5 percent by 0.3 percentage points. However, the growth rate has fallen by half compared to 7.6% in 2021. The sharp drop in growth in the fourth quarter of October-December affected it. GDP in the fourth quarter increased only 2.2% from the same period last year. It…

KOSPI Collapses 2200 During the Day… Will the “Volatility Market” continue from the beginning? The KOSPI showed a “rollercoaster” market trend that gave up the 2,200-point mark on the 3rd and then returned. In the absence of special variables that dominate the market, the volatile market continues. Stock industry analysts say that the volatile market will continue in the first half of this year. Above all, the biggest variables are how long high prices will last and how the U.S. Federal Reserve (Fed) will raise interest rates accordingly. The KOSPI closed at 2218.68, down 6.99 points (0.31%) from the previous trading day. The KOSPI fell to 2,180.67 at the beginning…

A new solar cell for space exploration is being developed in the UK? The UK is investing large amounts of money in research to develop new solar cells for use in space. Solar cells that use solar energy that pours semi-permanently from space are considered an important power source for space missions. It is also attracting attention as an alternative to reducing dependence on fossil fuels in the space industry. Britain’s Warwick University announced on the 3rd that it has received approval from the European Research Council (ERC) for research on finding candidate materials used in space solar cells. A five-year study costs 2.2 million pounds. Silicon used in conventional…

Orion, the lunar probe, is now ‘home’…Get out of the DRO and start returning to Earth The lunar probe Orion, a mission of the U.S. lunar exploration program “Artemis 1,” began its journey home 16 days after its launch. Orion is heading to Earth after a long-range retrograde Orbit flight around the moon. According to NASA on the 1st (local time), Orion injected the main engine at 3:53 p.m. and escaped from the DRO for 1:45 p.m. Orion will now return to Earth after flying close to the moon. The combustion for this DRO departure is one of two maneuvers that Orion needs to return to Earth. In the second…

The founder of FTX called Sam Bankmanfried U.S. Internet media Axios reported on the 29th (local time) that Sam BankmanFried, the founder of FTX, a cryptocurrency exchange that recently shook the global virtual asset market with a bankruptcy protection application, said his bank balance was around $100,000. Bankman Fried, once called the “Warren Buffett” of the coin world, was once a billionaire with assets of $26.5 billion. However, when reporter Axios asked about his personal financial situation in an interview with Bankman Fried the previous day, he replied, “There was $100,000 left when I checked my last balance.” “Basically, all my property is tied to the company,” he said. Earlier,…

Former Chinese President Jiang Zemin dies at 96 Former Chinese President Jiang Zemin died on the 30th, according to China’s state news agency Xinhua. Former President Jiang died at the age of 96 at 12:13 p.m. on the 30th (local time) after being treated in Shanghai for leukemia, Xinhua said. Zhang was born on August 17, 1926 in Yangzhou, Jiangsu Province, and majored in electrical engineering at Shanghai Zhaotung University. After joining the Communist Party in 1946, he graduated and studied in Moscow, the former Soviet Union. Jang returned to China in 1956 and worked at factories and research institutes in Changchun, Shanghai, and Wuhan, taking the path of a…