Small Enterprises Lead Tech Innovations
Patenting activity by SMEs revealed tech-led growth through a crisis, but the country remains disproportionately reliant on manufacturing.
Depreciating Currency Adds to Burden of Rising Oil Prices
For South Korea, geopolitical conflict and changes in U.S. monetary policy significantly impact the country’s ability to purchase oil.
Bipartisan Consensus on Economic Priorities
President Yoon Suk Yeol’s national vision echoes the priorities of previous administrations, particularly around the need to boost small businesses.
Korean Battery Producers Build New Renewable Supply Chains
Businesses are investing in nations rich in cobalt, nickel, and lithium, minerals essential to the global renewable energy transition.
Can the Government and SMEs Reconcile?
Although small and medium enterprises (SMEs) welcomed the government’s decision to lift COVID-related restrictions, it comes after years of strained ties.
Climate Change Mitigation and Job Growth Go Hand-in-hand
South Korean policymakers have long promoted green technology not only for carbon neutrality but also for its capacity to create jobs.
How to Build a Competitive Streaming Platform
Korea’s entertainment industry has to transition to becoming a platform that aggregates data but faces numerous challenges competing against foreign giants.
Public Anxiety Around National Debt
Growing opposition to another round of stimulus payments for COVID-19 relief reflects the public’s concern over national debt.
Korea’s Food Exports Reach New Highs
Driven by pandemic-induced demand, Korea enjoyed the largest-ever increase in food exports (14.6%) despite an overall decrease in sales abroad.
Data protection concerns exacerbated by lack of communication
The government is helping AI developers by providing them with publicly collected data without communicating this effort to the public.