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Samsung has lowered its mobile phone production target to 229 million units next year. Samsung Electronics has set a mobile phone production target for 2025, and plans to produce about 229 million smartphones. This goal includes 179.4 million units produced by ourselves and 49.9 million units produced by joint design and manufacturing (JDM). Compared with the initial plan of 237 million units in October this year, this target has been lowered by 7-8 million units, only slightly higher than the shipment forecast for the whole year of 2024.Samsung Electronics will hold its 2025 strategy meeting next week. Yonhap News Agency quoted unnamed industry sources as saying that Samsung Electronics will hold its 2025 global strategy meeting next week. The electronic products business meeting is scheduled to be held on Tuesday and Wednesday, while the semiconductor department meeting will be held on Thursday. The main agenda items include the upcoming Galaxy S25 smartphone. Lee Jae-yong, the company's executive chairman, is not expected to attend these meetings.Indian Trade Secretary: India's export performance is very good. India's service trade will soon reach 50% of the total trade volume.

South Korea will gradually reduce the rice planting area to cope with the decline in demand. The Ministry of Agriculture, Food and Rural Affairs of South Korea said on Thursday that South Korea will strive to gradually reduce the rice field area to solve the problem of declining demand and adopt environmentally-friendly planting methods. Due to the change of diet structure, the annual rice consumption of Koreans has decreased, and the per capita rice consumption has dropped significantly from 61 kg in 2018 to 56.4 kg in 2023. At present, the total area of rice fields in South Korea is about 698,000 hectares, and the government says it plans to reduce the area of rice fields by 80,000 hectares next year. In addition, by 2029, the planting area of environmentally friendly rice will be expanded from 35,000 hectares this year to 68,000 hectares. The government will also allocate 244 billion won (about 170 million US dollars) to subsidize farms that grow strategic crops other than rice, such as wheat, beans and barley, which is an increase from 186.5 billion won this year.The main fuel contract rose by 4.00% in the day and is now reported at 3188.00 yuan/ton.Bank of New York Mellon: As the impact weakens, the won may rebound to 1,400 won against the US dollar. Bank of New York Mellon said that as the most serious political impact caused by the short-term declaration of martial law begins to ease, the won may recover some of its recent lost ground before the end of the year. As the political risk premium begins to fall, the won may appreciate to 1,400 against the US dollar.

According to the Japan News Agency, Japan's House of Representatives is expected to pass an additional budget for fiscal year 2024 on Thursday.Kuwait set the price of crude oil sold to the United States in January at a premium of $4.10 per barrel.Xia Yiping's internal letter was alleged to have been copied from Weilai Li Bin. Xia Yiping, CEO of Jiyue, released an internal letter on the afternoon of 11th, acknowledging that the company was encountering difficulties and needed to adjust immediately. Some netizens pointed out that part of Xia Yiping's internal letter copied the internal letter of Weilai Li Bin in 2023. Xia Yiping's internal letter mentioned that the following four things must be done well in the new entrepreneurial period: 1. Adhere to the long-term investment in core technologies to maintain the leading edge; 2. Strengthen sales and service capacity building to cope with fierce market competition; 3. Merge departments and posts with duplicate functions and change inefficient internal workflow; 4. Reduce projects that cannot improve financial performance in the short term. In 2023, Li Bin's internal letter also mentioned: ensure long-term investment in core key technologies and maintain the leading edge of technology and products; Ensure that sales and service capabilities can cope with fierce market competition; Ensure that 9 core products of 3 brands are listed as scheduled; Organize efficiency improvement, merge redundant departments and posts, change inefficient internal workflow and division of labor, and cancel inefficient posts; Improve the efficiency of resources, postpone and reduce the project investment that can not improve the company's financial performance within 3 years. (Sina Technology)