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Tag : Economy

Origami vending machines actually exist in Japan containing stylish origamis folded with special paper

Apr 22, 2017 PM EDT - Osamu Inoue

Origami vending machines actually exist in Japan containing stylish origamis folded with special paper

Vending machines contain drinks and snacks inside it. However, Japan has surprised millions of people around the world with Origami vending machines instead.

Lee Jae Yong joins Samsung Board, officially appointed as member of the Board of Directors.

Oct 27, 2016 AM EDT - YuGee

Samsung Reveals 30% Drop in Profit for the 3Q

Samsung Electronics Co. announced that its third-quarter operating income dropped to 29.6 percent from the previous year. One of the contributors to this plunge is believed to be discontinuation of the production of the Galaxy Note7 over safety concerns.

Yoo Il Ho, South Korea's finance minister, speaks during a news conference in Seoul, South Korea, on Monday, Feb. 22, 2016.

Oct 21, 2016 AM EDT - YuGee

South Korean Government Assures Investing on Engineering

On Wednesday, the South Korean government announced a set of measures in order to bolster the local engineering industry that involves expanding monetary support for firms engaged in research and development, most particularly with foreign companies and institutions.

MARLBOROUGH, MA - JUNE 23: GE Healthcare Life Sciences CEO Kieran Murphy stands for a portrait in the company's headquarters in Marlborough, Mass., on June 23, 2016. GE's life sciences division moved its headquarters from New Jersey to Marlborough, where

Oct 06, 2016 AM EDT - YuGee

International Health Care Firms Build Up R&D Investment in South Korea

Industry officials announced on Wednesday that international health care firms are considering of building up their Research and Development (R&D) investment in South Korea as the nation becomes a new global biotech and medical industry hub.

Foreign currency dealers work in front of electronic boards displaying the Korea Composite Stock Price Index (Kospi), left, and the exchange rate between the South Korean won and U.S. dollar, second left, in a dealing room of KEB Hana Bank in Seoul, South

Sep 29, 2016 AM EDT - YuGee

South Korea Maintains 26th Spot on Global Competitive Index

For third straight year, the competitiveness of South Korea remains unchanged. It maintained its 26th spot on a global index of the world's economies, the Korea JoongAng Daily reported.

South Korea’s Childbirth Rate Drops in July

Sep 28, 2016 AM EDT - Karen Lydelle Linaja

South Korea’s Childbirth Rate Drops in July

The number of childbirths in South Korea dropped in the month of July this year. According to the government data released on Wednesday, there is a rapid downfall in the number of childbirths in the country for almost 3 years until the month of July. Some of the causes are the late marriage and low birth rate in South Korea.

KUALA LUMPUR, MALAYSIA - MAY 7: Malaysia's Prime Minister and Barisan Nasional (BN) chairman, Najib Razak speaks to the media about the election for the first time since Sunday’s vote on May 7, 2013 in Kuala Lumpur, Malaysia. His ruling coalition is one o

Sep 26, 2016 AM EDT - YuGee

Malaysia to Follow South Korea's Economic Platforms

In the second series of interviews with different ASEAN leaders that focuses on the significance of enhancing the relationship among the 10-member countries organization by the Korea Times, Malaysian Prime Minister Najib Razak said that Malaysia is seeking to emulate South Korea's economic platforms in order to make his country's economy more “productive and innovative.”

SOUTH KOREA - FEBRUARY 21: An employee of Daewoo Shipbuilding & Marine Engineering Co. (DSME) walks past a ship being constructed at the company's shipyards in Geoje Island, South Korea, on Wednesday, Feb. 21, 2007. A rising tide of orders for containersh

Sep 22, 2016 AM EDT - YuGee

SK Government to Announce New Measures for Ailing Industries

A report from Yonhap News Agency stated that according to the statements of some officials, the South Korean government will soon declare a set of fresh measures which focus on improving the competitiveness of ailing industrial sectors which are anticipated to have massive layoffs and substantial cuts in output.

South Korea is the world's most innovative economy for three successive years, according to survey. (Photo by Chung Sung Jun/Getty Images)

Sep 02, 2016 AM EDT - YuGee

Exports Growth Signals Better Economy for South Korea Than Last Year

The government claims that the economy is bouncing back following the rise in exports in August, the first time in 19 months that exports increase year on year and the current account surplus continued into July.

One of Asia's most affluent countries, South Korea, is the region's third largest economy with he longest working hours in the world. (Photo by Ed Jones / Getty Images)

Aug 15, 2016 AM EDT - YuGee

IMF Says South Korea's Economy will Grow by 3 Percent Next Year

On August 13, the International Monetary Fund said that the economy of South Korea is anticipated to expand by 3 percent next year.

Teenagers hanging out and rapping at Childrens park in the Hongdae area of Seoul, South Korea.

Mar 16, 2016 PM EDT - Jesse L.

Unemployment Rate For South Koreans Under 20 Hits All-Time High

The unemployment rate among South Koreans between the ages of 15 and 19 is higher than ever, according to a new report Wednesday by Statistics Korea, the country's official data agency.

China's economic woes continue to bring down global stocks (Photo by Andrew Burton / Getty Images)

Jan 11, 2016 AM EST - Ma Elena Garcia

China's Economic Woes Send Global Stocks Tumbling as Crude Oil Prices Drop

Soon after China announced that it would depreciate its currency to boost its economy, global markets took a steep dive last week as the signs of weaknesses hit both Chinese and global stock markets.

Incoming finance minister Yoo Il Ho. (Photo from YouTube)

Jan 08, 2016 AM EST - Ma Elena Garcia

South Korea’s Incoming Finance Minister Yoo Il Ho Vows to Tackle the Economic Crisis Facing the Country

The economic pressures mounting on Seoul will come to an end as Yoo Il-ho, the South Korea’s incoming finance minister, has vowed to embark on structural reforms to reduce any risk of economic crisis. Il-ho made an announcement on Jan.4 that he would tackle the growing household debt in a preemptive manner.

Newborn (Photo by Sean Gallup/Getty Images)

Nov 30, 2015 AM EST - Czarelli Tuason

South Korea’s Birth Rate Drops For The Second Month In September

The South Korean government continues to battle aging and the declining birth rate in the country in order to prevent a drop in their workforce and increasing their welfare expenses.

(Photo by: AgnosticPreachersKid) Federal Reserve says US economy has been growing at a moderate pace.

Oct 30, 2015 PM EDT - Diana Tomale

Federal Reserve Says U.S. Economy Is Expanding At A 'Moderate' Pace; GDP Grew A 1.5 Annual Rate In Q3

The US Federal Reserve on Wednesday said the US economy has been growing at a moderate pace. It also announced its plans to keep the rates unchanged.

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