Economics

This article was published on The Korea Times on August 16, 2023. For much of the past year there has been a focus on how the CHIPS and Science Act…

This article was published in The Korea Times on June 14, 2023. The decision by the Cyberspace Administration of China to ban Micron Technology’s semiconductors in Chinese infrastructure has put…

Following a new report on record-low new cases on April 18, the government lifted most coronavirus-related restrictions such as social distancing and curfews that limited business hours. Small business owners welcomed the government’s decision, hoping to recover from the losses incurred in the past two years. While the South Korean government’s restrictive public health measures…

The city of Chungju recently opened a hydrogen vehicle charging station that runs on food waste. This taps into South Korea’s elaborate food waste disposal system, which uses food scraps to feed livestock and generate biofuel. The charging station is one aspect of the country’s Hydrogen Roadmap. Launched in 2019, it sees the transition to…

The resource that will drive future growth is data. For Korea’s entertainment industry to get a share of this new currency, it has to transition from being producers of content to becoming providers of a platform that aggregates data. But domestic streaming platforms face numerous challenges when competing against foreign giants like Netflix, Disney+, and…

What Happened The ruling Democratic Party’s presidential candidate Lee Jae-myung proposed another round of universal payments to help citizens overcome the economic challenges posed by COVID-19. However, Prime Minister Kim Boo-kyum and the government claimed that they do not have the capacity to provide another round of universal relief funds. A nationwide public poll showed that 60.1% of Koreans agree…