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Economics

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

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…

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March 25, 2022

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…

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Region: Asia

November 19, 2021

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…

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Region: Asia

November 16, 2021

According to the statistics from Korean Customs Service, Korean food product exports reached a record high with USD 4.3 billion shipments in 2020. This largest-ever increase in food exports (14.6%) came despite an overall decrease in total Korean export goods. In particular, the export of rice products and ramen soared by 53.3% to USD 37 million…

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Region: Asia

November 4, 2021