Monday, November 29

“It will outlast the Chinese Communist Party”… ‘The Emperor of Wall Street’ Apple

The CEO of JPMorgan Chase, the largest U.S. bank, apologized a day after making a joke about China.

French luxury brand Dior also suffered an affair for a single photo and even made an official apology to the Chinese, reports Kim Ji-seong, a correspondent in Beijing.

Dimon, chief executive of JPMorgan Chase, the largest bank in the United States, joked during a debate event in the United States.

It has been 100 years since JP Morgan entered China, and he said that it would outlast the Chinese Communist Party.

[다이먼/JP모건체이스 최고경영자 : 중국 공산당이 창당 100주년을 맞았습니다. JP모건도 마찬 가지입니다. 우리가 더 오래갈 거라는 데 내기를 걸겠습니다.]

The Chinese Foreign Ministry responded that the question itself was unpleasant.

[자오리젠/중국 외교부 대변인 : 이런 식으로 관심을 끌면 존재감이 생깁니까?]

JP Morgan was recently struggling to expand its foothold in the Chinese financial market.

Dimon, also known as the ‘Emperor of Wall Street’, after a wave of riots, took action within a day saying, “I regret” and “I shouldn’t have said that.”

French luxury brand Dior has been embroiled in controversy over Chinese criticism for exhibiting its photos at an exhibition in Shanghai.

A photo of a woman in traditional Chinese clothing holding a Dior bag, with a freckled face and heavy eye makeup.

Even the Chinese state-run media criticized it, saying that it “embodied Western stereotypes about Asians.”

Dior said it “respects the feelings of the Chinese”, and the Chinese photographer who took the picture apologized, saying he was “immature and ignorant”.

China has recently imposed various regulations on its own companies, but foreign companies seem to be lowering themselves, knowing that they might cause a setback in their Chinese business.

(Video coverage: Choi Duk-hyun, video editing: Lee Seung-hee, CG: Seo Seung-hyun, video source: Weibo)

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