Business Insights

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Why You May Want To Rethink Booking ‘Basic’ Economy

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VOCABULARY & EXPRESSIONS

fare: 요금, 운임
Airlines are rolling out more and more economy fares even in premium cabins, but there’s a catch here.

urged to (do something): ~하라는 권고를 받다
bargain: 특가, 저렴한 상품, 좋은 거래
Travelers are urged to read the fine print before booking what looks like a bargain.

latter: 후자의
I think the latter is correct there.

segmentation: 세분화, 구분
They’re taking this segmentation and they’re moving it throughout the whole cabin

nickel-and-dime (something): 사소한 비용까지 일일이 추가로 청구하다
lucrative: 수익성이 높은
The airlines are nickel-and-diming even their most lucrative, their front of the plane passengers.

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McDonald’s To Debut New AI-Powered Drive-Through

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VOCABULARY & EXPRESSIONS

launch: 출시하다, 도입하다
automate: 자동화하다
McDonald’s CEO saying it’s 90% accurate and writing in a memo the golden arches is launching a new strategy as more of the customer journey becomes automated.

shelve (something): 보류하다
McDonald’s shelved a previous test of automated drive-throughs in 2024 after videos of incorrect orders went viral.

double down on (something): ~에 더욱 집중하다
Taco Bell and Wendy’s now also launching their own automated drive- through systems as fast food companies double down on AI.

roll out: 본격 시행하다
Okay, so McDonald’s has not rolled out broader plans for this AI ordering yet.

efficient: 효율적인
It says the goal is really to make its employees more efficient so they can do their jobs.

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Apple Announces Tim Cook To Step Aside as CEO

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VOCABULARY & EXPRESSIONS

transition: 전환
chairman: 회장
…Tim Cook transitioning to the executive chairman.

remarkable: 놀라운
And really, the run has been remarkable.

instrumental: 핵심적인 역할을 한
disrupt: 판도를 바꾸다
He’s been at the company since 2001, and they say he was instrumental in products that so many of us use every single day, and products that really disrupted how we use technology and how we use communications.

rapid pace: 빠른 속도
So just think how the rapid pace of change since John Ternus came to the company in 2001.

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The Rise of K-Beauty Products in Australia

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VOCABULARY & EXPRESSIONS

cosmetics: 화장품
Korean cosmetics and skin care products come with unique appeal at attractive prices.

acne: 여드름
She now runs her own K-Beauty brand after struggling with acne growing up.

diverse: 다양한
We’re seeing that our audience is becoming more and more diverse.

achievable: (달성)할 수 있는
And that’s not achievable for everyone.

aesthetic: 미적인
Because Korean skincare is so aesthetic and it’s so visually appealing, it makes for a really interesting video.

price point: 기준 소매 가격
We are seeing a really high product turnover particularly because it is at that accessible affordable price point.

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Incheon Airport to Service 76 Million Passengers in 2025

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VOCABULARY & EXPRESSIONS

significantly: 상당히
Upwards of 76.3 million passengers are expected to use the international airport this year with the upcoming Chuseok holiday in October expected to significantly boost passenger traffic.

annual: 매년의
According to operators of South Korea’s Gateway Airport located west of Soul, the annual number of passengers will rise by around 7.2% from last year’s 71.16 million.

temporary: 일시적인
The airport expects demand for flights from Incheon to various Chinese cities to rise as China began allowing temporary visa-free entry last year, reversing the pandemic era decline.

account for: 원인이 되다
Before COVID, flights to China as well as nearby countries accounted for a large percentage of flights from Incheon.

forecast: 예측
operational: 운영
To better handle the forecast growth in flights, Incheon, which had three operational runways, announced that the fourth runway will go online starting in late September ahead of the long holiday.

transit: 환승
This will greatly allow it to handle both inbound and outbound flights as well as transit passengers.

 
 

 

 

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Monopoly, and the Woman Erased From  Its History

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VOCABULARY & EXPRESSIONS

iconic: 의 상징이 되는
quirky: 별난
For years, the board game Monopoly has been a family favorite with its iconic board, quirky game pieces, and of course, all that money, money, money.

beloved: 총애 받는
The beloved game is an American original.

persisted: 집요하게 계속하다
We love Cinderella stories and that’s part of why it has persisted, but it’s not square with the facts.

fascinating: 대단히 흥미로운
Elizabeth McGee was a really fascinating person.

acknowledged: 인정된
I think it’s taken just a hundred years, but finally Lizzie McGee is being acknowledged.

bankrupt: 파산한
Everybody else goes bankrupt.

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How Gap Is Making A Comeback

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VOCABULARY & EXPRESSIONS

vogue: 유행
But Gap fell out of vogue not too long after its white denim graced the cover of the namesake magazine.

a passing fad: 일시적 유행
And can it prove to investors that this turnaround isn’t just a passing fad?

nebulous: 흐릿한, 모호한
If the definition of kind of what you stand for is sort of “Democratic All-American,” it’s very nebulous.

guru: 전문가, 대가
Richard is a marketing guru.

gross margins: 매출 총이익률
They are growing that 1% on the highest gross margins that they have had in the past 20 years.

apparel retailers: 의류소매업체
And it’s not helping that this is a particularly challenging time for apparel retailers who rely on manufacturing overseas.

 
 

 

 

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Why There’s a Billion-Dollar Battle to Own 7-Eleven

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VOCABULARY & EXPRESSIONS

pilgrimage: 순례
Where eager tourists make the pilgrimage to see how many meals they can have there a day.

merchandiser: 상인
7-Eleven started as an ice vendor in Dallas, Texas and gradually became a general merchandiser selling eggs, bread, and milk.

ambition: 야망
Currently, the company is doing business in 20 countries and they have an ambition to increase that to 30 countries by 2030.

municipal: 도시의
You can get a lot of social services, municipal services, sending packages, banking.

corresponding: 해당하는
Trucks will then pick up these products from one of many distribution centers and deliver them to the corresponding store.

implement: 시행하다
Which is why it’s been under pressure to implement reforms.

dominant: 우세한
To create the world’s dominant convenience store empire.

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Buffett To Step Down at Berkshire

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VOCABULARY & EXPRESSIONS

shareholder: 주주
board (of directors): 이사회 
Legendary investor Warren Buffett waited until the final minute of his 60th shareholder meeting to announce his plans to retire, shocking investors, fans and even his own board.

behemoth: 거대 기업
gain: 이득
The 94-year-old architect and face of Berkshire Hathaway is ending a historic run, turning what was a failing textile business in the 1960s into a corporate behemoth while delivering a 5.5 million percent in gains per share to investors.

accumulate: 모으다, 축적하다
volatility: 변동성
He faces plenty of questions over his plans for Berkshire, while chief among them is his plan for the almost $350 billion cash pile Buffett has accumulated while largely sitting out the volatility of the past few years.

capital allocation: 자본배분
It still shocked me a bit that he handed over the reins, saying he’s going to hand over the reins to the capital allocation.

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New Nike CEO Has the Right Skills for the Job

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VOCABULARY & EXPRESSIONS

contribute: 기여
A lot of the blame has been placed on Dono and his lack of a product background, and I think that did contribute.

priority: 우선 사항
I think the first priority will be to set a path forward.

stabilize: 안정되다
That will set the course of investor expectations and probably stabilize the stock a bit.

convoluted: 복잡한
incremental: 서서히 증가하는
One issue was that the product process became so convoluted and delayed, with a couple of reorganizations changing the way product reviews are done, to the point where even small incremental additions took a year to get out to market.

immediate: 즉각적인 
I think Nike is not an immediate pick.

catalyst: 촉매
But it’s a catalyst the market was expecting, and it’s good for the stock.

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