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Economics

Displaying all content tagged with the category Economics.
97 Posts located

On July 4, the foreign ministers of South Korea and Mexico agreed to expand economic cooperation. Building on the resumption of free trade agreement negotiations earlier this year, the two nations emphasized economic security and supply chains as areas for increased collaboration. In addition to directly responding to global concerns over the COVID-19 pandemic’s ongoing…

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July 24, 2022

*Since the below article was published, KakaoTalk decided to drop its challenge against Google's control over in-app payments. However, Korea's revised Telecommunications Business Act still sets the stage for future challenges with global ramifications. Google suspended software updates for KakaoTalk, South Korea’s most popular mobile messaging app, after the latter refused the U.S. tech giant’s demand…

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July 11, 2022

President Yoon Suk Yeol announced on July 5 that South Korea will expand its nuclear energy production to more than 30% of total electricity creation by 2030 from the current level of 27.4%. This is part of a broader plan to use nuclear, hydrogen, and renewable sources of energy to decrease fossil fuels as a…

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July 9, 2022

On June 20, 2022, the Korean Intellectual Property Office (KIPO) began recruiting Small and Medium Enterprises (SMEs) for a new program designed to bolster SMEs’ preparation against international patent disputes. This reflected Korea’s recognition of SMEs as a leader in the country’s technological advancement. According to the KIPO, the total number of patent applications in…

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June 27, 2022