According to Bank of Korea report on February 7th, the economic profit of domestic subsidiaries from reinvestment, which refers to retention money from abroad, decreased by around $8.8 billion. This event signifies the occurrence of “capital reshoring,” in which retention money from overseas flowed
In January, Lee Jae-yong, the chairman of Samsung Electronics, announced a strategy to preempt the 6G telecommunications market as the company’s first major product of the new year. Although the public expectation for the commercialization of advanced intelligence is growing rapidly, concerns about
Lithium, also known as “white gold,” has been thrown into the limelight during the last few years as the key component of batteries. However, despite the prolonged high demand, lithium recently saw an unexpected price drop that reached a low of ¥162.50 last October, due to global recession and slugg
Korea’s finance industry is in crisis. Last July, the delinquency rate of the Korean Federation of Community Credit Cooperatives (KFCC) soared to a record-high level — sparking public fears of a bank run. However, this was only the start of the crisis, as concerns regarding financial institutions’ r
Platform businesses enrich our lives in the era of platform capitalism by providing various services. However, both customers and workers who participate in the platforms suffer various problems. Since the Korea Development Institute announced a proposal to strengthen the protection of platform work
Unobtainium, the highly valuable rare-earth compound in the movie Avatar, or superconductor in a scientific context, was claimed to be created by South Korean researchers on July 22nd. Although the intitial glimmers of hope now seem to be slowly fading away, the sensational pre-print paper made rema
In July, the Korea Magazine Association held its magazine publishing seminar abroad for the first time in its 61 years of existence. The association’s unusual action indicated the need for valuable foreign ideas to revive the Korean magazine industry. Since when did magazines, the icons of popular c
After abandoning social distancing, movie theaters are facing an unexpected crisis. Unlike the speculation that the theater industry would recover at the end of the pandemic, movie seats remain empty. According to the Korean Film Council (KOFIC), the current number of moviegoers accounts for less th
On April 11th, the International Monetary Fund (IMF) slashed South Korea’s economic growth outlook to 1.7%, which decreased from its previous forecast last October. The decline resulted in a lower economic growth rate than what the government and the Organization for Economic Co-operation and Develo
Through the effectiveness of digital technology, proptech introduces a new concept to the current property industry. The Korea Association of Realestators and a proptech company named Artiwealth proved this new trend by making a contract on March 13th. Furthermore, there is no question that proptech
On March 10th, the Silicon Valley Bank (SVB) — the 16th largest bank in the United States (U.S.) — went bankrupt and upended the global financial markets. Besides its direct aftermaths, such as the damage to SVB users, the event caused a buttefly effect that put the brakes on the Korean government’s
This January, the Korea Health Industry Development Institute (KHIDI) stated the future growth of the digital healthcare industry through the International Medical Trends Report 2023. In the middle of the industry’s growth stands wearable medical devices. Also, as smart devices became more common, p