Rio de Janeiro, Brazil on the 19th (local time) and taking a commemorative photo with Chinese President Xi Jinping and others who participated in the launch of the Global Hunger and Poverty Eradication Coalition. Yonhap News” style=”cursor:pointer;” itemprop=”image”/>President Yoon Seok-yeol is attending the 19th G20 Summit held at the Museum of Modern Art in Rio de Janeiro, Brazil on the 19th (local time) and taking a commemorative photo with Chinese President Xi Jinping and others who participated in the launch of the Global Hunger and Poverty Eradication Coalition. Yonhap News

President Yoon Seok-yeol returned home after finishing the G20 summit held in Rio de Janeiro, Brazil on the 19th (local time). President Yoon, who was on his first trip to South America for 8 days and 5 nights, including the Asia-Pacific Economic Cooperation (APEC) summit held in Lima, Peru, established the ‘AI Standards Forum’ to promote the combination of manufacturing and artificial intelligence (AI) at this multilateral stage. proposed and emphasized the Carbon-Free Energy (CFE) initiative to achieve the ‘2050 carbon neutrality’ goal and bridge the energy transition gap. We held a series of summit meetings with the United States, Japan, China, the United Kingdom, Canada, Peru, Vietnam, South Africa, and Brunei, and strengthened cooperation in trade, defense, energy, supply chain, infrastructure, and ICT.

At the 2024 G20 Brazil Summit, member countries confirmed their common will to guarantee the free trade system and eradicate hunger and poverty. At the 2024 APEC Peru Summit, it was also decided to promote regional trade and investment based on the multilateral trade order. This reaffirms vigilance against protectionism, which is expected to rise around the inauguration of the second Trump administration in the United States.

The joint declaration calls on each country to make efforts to secure sound finances, as proposed by President Yoon (paragraph 5) △ Efforts to reduce plastics that reflect the implications of the ‘5th Intergovernmental Negotiation Committee Meeting for the Drafting of the UN Plastics Convention’ held in Busan (paragraph 58) The four major agenda items were also reflected.

President Yoon emphasized the important role of the CFE initiative in achieving the ‘2050 carbon neutrality’ goal and bridging the energy transition gap in the third session on the last day of the G20. Korea promised to fulfill the role of a ‘green ladder’ by continuing to expand green official development assistance (ODA) for climate-vulnerable countries.

President Yoon Seok-yeol is speaking at the third session ‘Sustainable Development and Energy Transition’ of the 19th G20 Summit held at the Museum of Modern Art in Rio de Janeiro, Brazil on the 19th (local time). Yonhap News

President Yoon also actively participated in individual summit meetings during this trip. At the Korea-U.S.-Japan summit meeting between U.S. President Joe Biden and Japanese Prime Minister Shigeru Ishiba, the Korea-U.S.-Japan Trilateral Cooperation Secretariat was launched. This clearly indicates that the framework of cooperation will continue even if the leaders of the three countries change. While the Korea-US summit with President Biden, who is about to leave office, was mainly filled with regrets and well-wishers, the Korea-Japan summit with Prime Minister Ishiba continued shuttle diplomacy and strengthened economic and cultural cooperation between the two countries.

At the Korea-China summit with President Xi Jinping, which attracted attention, both leaders sent a request to visit the other country as soon as possible, along with improving the business conditions of Korean companies operating in the local market.

In addition, at the summit with the UK, Canada, Peru, Vietnam, and South Africa, they agreed to strengthen cooperation in areas such as defense industry, energy, supply chain, and key minerals.

Reporter Ahn Young-guk ang@etnews.com

How might the outcomes of President Yoon’s summit discussions with world leaders influence Korea’s foreign policy strategy moving forward?

1. Guest ​1: What ​are the key outcomes of President Yoon Seok-yeol’s participation in the 19th G20 Summit and the 2024 APEC Summit?

2. Guest 2: How do you evaluate the impact of⁤ the ‌establishment of the ‘AI Standards Forum’⁤ and the ‘CFE initiative’ proposed by⁤ President Yoon Seok-yeol on ‍global cooperation in trade,⁣ defense, energy, supply chain, and ICT?

3. Guest 1: What were the main agenda items discussed during President Yoon Seok-yeol’s individual summit meetings with the United States, Japan, China, ⁤the United Kingdom,⁤ Canada, Peru, ⁤Vietnam, South Africa,⁤ and Brunei?

4. Guest 2: In what ‌ways can the trilateral cooperation​ between ‌Korea, the⁣ US, and⁢ Japan be ⁣strengthened, especially regarding the Korea-US ‍summit with ‌President Biden who is about to leave office, and the Korea-Japan summit under Prime Minister Ishiba’s leadership?

5. Guest 1: How could ‍the ‍energy transition and climate action strategies discussed during the third session of the G20 Summit contribute to achieving the ‘2050 carbon⁤ neutrality’ goal,​ and what role can Korea ⁣play in this global effort?

6. Guest 2: What challenges does Korea face in balancing its relationships with China ‌and the United States, especially in light ⁤of ⁤the joint declaration against protectionism and the recent ​summit‍ meetings with these two superpowers?

7.⁣ Guest 1: The article mentions that President Yoon ‍stressed the importance​ of the CFE initiative, ⁢could you elaborate‌ more on this initiative and its potential impact on bridging the⁣ energy transition gap ​between ‍developing and developed countries?

8. Guest 2: What ⁢role does the launch of the Korea-US-Japan Trilateral Cooperation Secretariat ​play⁤ in maintaining‍ stability and cooperation in ‍Northeast⁤ Asia, especially in light ‍of‍ geopolitical tensions and changes in leadership?

9. Guest 1: How can South Korea enhance its economic and cultural cooperation with Japan,⁣ particularly with the new leadership of Prime Minister ⁢Ishiba, and what steps need to be taken to address ongoing historical grievances between the two countries?

10.

Redmi Note 13 series (left) and Redmi Note 13 Pro 5G.

The influence of Chinese smartphone manufacturers extends beyond China to the world. It is threatening Samsung Electronics and Apple, the ‘big two’ in the smartphone market, in major regions. As the global smartphone market is recovering to pre-COVID-19 levels, there are also predictions that the influence of Chinese manufacturers will grow further.

According to market research company Counterpoint Research on the 5th, the global smartphone market share of Chinese manufacturers (Xiaomi, Oppo, Vivo, etc.) in the third quarter of this year was 32%. It increased by 2 percentage points (P) compared to the same period last year. During this period, Xiaomi and Vivo recorded a market share of 14% and 9%, respectively, up 1 percentage point compared to the same period last year. Oppo maintained 8%.

Tarun Pathak, a researcher at Counterpoint Research, said, “Xiaomi continued its strong growth, increasing sales year-on-year for four consecutive quarters, and ranked second in August sales,” and added, “Vivo had the fastest growth among the top five companies in the third quarter. “We achieved superior results than our competitors,” he analyzed. During this period, Vivo is known to have ranked first in sales in China and India, the world’s largest smartphone markets. Regarding Oppo, the analysis said, “Oppo has shown the highest sales volume ever since the third quarter of last year.”

The good performance of Chinese manufacturers can be interpreted as the effect of a sales strategy focused on emerging countries. They have grown significantly in the Middle East, Africa, and Latin America with their ‘cost-effectiveness’. In some regions, a mix strategy was introduced to sell low-priced products and premium products together. In particular, it is analyzed that the fact that sales channels in emerging countries were established primarily offline rather than online led to an increase in sales. In the case of Xiaomi, it is known that it is putting more effort into offline stores in regions other than China.

During this period, Samsung Electronics and Apple, classified as the Big 2, failed to increase their market share. Samsung Electronics’ smartphone sales share was 19%, down 1 percentage point from the same period last year, and Apple’s was only 16%, the same as the previous year. Researcher Tarun Pathak analyzed, “Samsung Electronics led the market with continued demand for the Galaxy A series and the performance of the Galaxy S24 series, but received a somewhat lukewarm response to the foldable series.” Regarding Apple, it was evaluated as “stable demand for the iPhone 16 series.”

The industry expects that Chinese manufacturers will make strong progress in the future. This is because demand in the global smartphone market is reviving, and there are an increasing number of low-priced devices that support high performance. In particular, it is predicted that Samsung Electronics and Apple will have difficulty maintaining their current positions as the variety of options increases. An official familiar with the smartphone distribution industry said, “Many manufacturers are targeting emerging countries where there is a strong demand for replacement smartphones,” adding, “Emerging countries do not yet have sufficient purchasing power, so low-priced products are the main market. “Chinese manufacturers with many mid- to low-priced products are likely to make great strides,” he said.

Reporter Nam Gung-kyung nkk@etnews.com