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* Date : 2013-06-28

In-depth report
Korea, world number one in credit card use… its background?
According to the Bank of Korea the ‘statistic on payment settlement by nations including Korea’ show that on average individual Koreans who pay by credit card was at 12.7-cases in 2011, taking the top position in the world. Korea’s credit card usage is a lot higher than Canada which has recorded 89.6-cases during the same period, ranking second in the world out the 15-member nations of the BISCPSS. The recent statistic on credit card use shows that Korea has for med a credit based society and made the source of taxation more transparent. We find out about the reason behind the high usage of credit cards by Koreans. We also find out about the possible side effects in credit card abuse.


Hidden champions
Keeping in nutrients through the food drying machine by L’Equip!
Food products that contain nutrients in its original natural state are becoming something of an issue worldwide. L’Equip is a Korean manufacturer that specializes in well-being small home appliance that is highly regarded in the overseas market for quality and design also dominating the domestic market with an 80-percent market share… A Korean company has developed the market’s first food drying machine among other similar products that use fermentation and the double boiler cooking method for drying ingredients. We highlight the domestic company L’Equip which has spread the culture of food drying around the world as it becomes a global brand with business partnerships in over 10-countries.

Interview
The UnitedStates‘Exit Strategy’ fear… will it overshadow the Korean economy?
Interviewer: Professor Lee Jong-eun at Sejong University Department of Economy and Trade
The United States is showing signs of reducing the quantitative easing policy at an early stage. The concern began at the end of last month, when it started to stir up the global stock market. The global stock market plummeted for a while as investor sentiment froze. Foreign investors started to pull out their money at emerging markets which caused share prices to fall at stock markets in Korea and other Asian nations. Korea’s Ministry of Strategy and Finance and the Bank of Korea on June 17 said that if the quantitative easing by advanced nations as part of their exit strategy is implemented in a disorderly fashion, it will have a negative effect on the Korean economy. What is an exit strategy and what effect will it have on Korea and what should be the counter measure?


ICT
Amazing progress in voice recognition technology
In the children’s story, “Abrakadabra” opens the door to a cave. Just like in the story, voice recognition technology can open new doors into the world of internet searching by voice command as well as texting and GPS control. The voice translation function inside a smart phone can recognize different dialect including foreigners’ and also search for songs with just a few melodies. Cloud computering is the technology that provides voice recognition functions used in our every day life! The latest in telecommunication technology allows instant data gathering from a source of voice data. We will introduce the latest in voice recognition such as functions that differentiate static noise and regular sound as well as sound print out technology used to transfer sound into text.



North Korea
What are the changes in NorthKorea's economy since the Korean War?
It has been 60-years since South and North Korea formed an armistice back in 1953. After the Korean War North Korea received help from the former Soviet Union and was supported by eastern European countries during which North Korea experienced an economic high point. North Korea’s economic deterioration that came with the fall of communism coupled with the Juche ideology eventually drove the North Korean economy into collapse. We take a look at the rise and fall of North Korea’s economy for the past 60-years.



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30 2013-10-11 Bizline #30
29 2013-10-04 Bizline #29
28 2013-09-27 Bizline #28
27 2013-09-20 Bizline #27
26 2013-09-13 Bizline #26
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24 2013-08-30 Bizline #24
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19 2013-07-26 Bizline #19
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16 2013-07-05 Bizline #16
15 2013-06-28 Bizline #15
14 2013-06-21 Bizline #14
13 2013-06-14 Bizline #13
12 2013-06-07 Bizline #12
11 2013-05-31 Bizline #11
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