* Date : 2018-02-08
The traffic congestion cost for seven major cities in Korea has increased by 37.9% for the past decade. And ITS, or Intelligent Transportation System, which can improve safety of citizens and tackle the traffic issues at the same time, has brought about a significant paradigm shift. It is a system that has implemented various electronic, information, communication and control technologies. It has been introduced by major cities and private companies and contributed to reducing traffic congestion. Smart intersection traffic information system and smart parking system which have been introduced to the transportation system in Busan are the examples. Based on the deep learning algorithm, it collects and transfers data and provides information to the citizens so that they can park their cars more conveniently. Also, there is a private company which has developed smart traffic lights based on the deep learning technology and it has enhanced safety of the pedestrians. On Smart Korea, we report on ITS, which has contributed to reducing traffic congestion and improving safety of pedestrians and drivers.
"Meaning out" has emerged as one of the latest consumption trends among the younger generation. It is a consumption pattern that purchases goods based on their political and social beliefs aside from personal tastes. It has gained popularity on SNS as a meaningful consumption method. Consumers reveal their convictions through hashtags and boost consumption based on their beliefs. Lettering designs in fashion with short slogans as well as various goods that contain messages about environmental protection and endangered animals are the examples of "meaning out" consumption. Moreover, there are consumers who go on a vegetarian diet as a way to expose their convictions. They have preferred vegetarian diets to protect global environment and slaughtered animals. On Trend Biz, we introduce various types of "meaning out" consumption trends.
It has been over a month since the hourly minimum wage was increased by 16.4% than last year. The hourly minimum wage for 2018 was increased to 7,530 Korean won which is about 6.60 dollars and the government pledged to raise it to 10,000 Korean won which is about 8.9 dollars by the year 2022. It marks a big step toward realizing the goal of an hourly minimum wage of 10,000 Korean won, which is about 8.9 dollars. On Biz Issue, we look into the responses from all walks of life including a restaurant that employs part-timers and an apartment complex which hires about 30 safety guards and sanitation workers. Also, we analyze the expected impact of the minimum wage hike on the society.