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SK Hynix completed the largest US Nasdaq debut for a foreign company, raising $26.5 billion. Despite US pressure to build domestic capacity, the memory maker plans to keep its $550 billion expansion entirely within South Korea.
Nick Nemeth argues that deteriorating demographics in South Korea, Japan, and Europe prevent these regions from growing out of their debt. An aging population shifts workers from productive industries into consumptive, late-life care roles.
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