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In 2027, the South Korean e-commerce market will surpass the $160 billion mark.
From 2023 to 2027, the e-commerce market in South Korea is anticipated to grow at a compound annual growth rate (CAGR) of 7.7 percent, reaching $160,4 billion.
According to GlobalData, the South Korean e-commerce market grew at a CAGR of 17.4% from 2018 to 2022, reaching $108.2 billion ...
At this year's Emmys, dragons, Jedi, and zombies all get prizes.
Fantasy, science fiction, and horror, which used to be relegated to the kids' table when it came to awards, made a big impression on the 75th annual Emmy nominations. This was during a ceremony that was mostly about sad goodbyes to popular shows, but we don't know when we'll actually ...
Both Prime Minister Modi and French President Emmanuel Macron will give keynote addresses at the 25th annual Bengaluru Tech Summit
The 25th edition of Asia's largest Tech Event, "Bengaluru Tech Summit," will kick off on November 16 with keynote speeches from Prime Minister Narendra Modi and French President Emmanuel Macron. Taking place in person from November 16-18, this flagship event is being co-hosted by th...
There are new possibilities in Korea's chemical industry.
Four Korean chemical titans (LG Chem, Lotte Chemical, SK Innovation, and Hanwha Chemical) are included in the annual American Chemical Society study of the Global Top 50 Chemical Companies. Korea has the sixth largest chemical market in the world (ACS). As Korea works to diversify and advance its...
Under Germany's new plastics law, firms might donate €450 million annually to litter cleanup
Plastic firms in Germany will soon be obliged to pay for rubbish collection.
Wednesday's Cabinet vote requires manufacturers of products using single-use plastic to contribute to a government-managed central fund. In 2025, it will be implemented.
Based on the historical pr...
Japan holds electronics fair, low-carbon technology products become major attraction
Japan's annual electronics showcased more than 300 companies. The main attraction of the show was on cutting-edge technologies, which were designed to achieve carbon neutrality.
Highlights
- Japan’s annual electronics fair showcases low carbon ...
JAPAN GOVT. OUTSTANDING LONG-TERM DEBT TO REACH $9.12 TRILLION
Highlights –
- Japan govt. outstanding long-term debt to reach $9.12 trillion.
- The debt is said to be the worst among developed countries.
- The Japan parliament passed the budget for fiscal 2021, with a record 106.61 trillion yen. ...
TOYOTA MOTOR FOR THE 1ST TIME IN 5 YEARS RANKS TOP IN GLOBAL AUTO SALES IN 2020
Highlights –
- Toyota Motor for the 1st time in 5 years ranks top in global auto sales in 2020.
- In 2020, Toyota sold 9.53 million units globally.
- Toyota group sold 2.16 million vehicles including minicars in Japan in 2020.
- Th...
PEOPLE’S BANK OF CHINA OUTLINED KEY POLICIES AND TASKS FOR 2021 IN BEIJING
Highlights –
- People’s Bank of China outlined key policies and tasks for 2021 in Beijing.
- PBOC will offer effective financial support in accelerating the construction of a new development paradigm.
- PBOC is said to implement prude...
APPLE CEO TIM COOK'S REMUNERATION WENT UP TO $15 MILLION IN 2020
Highlights
• Chief Executive Officer (CEO) of Apple Inc Tim Cook earned $14,769,259 in the year 2020 which has been increased by 28 percent as compared to last year
• As per the Securities and Exchange Commission (SEC), Cook’s non-equity incentive plan compensa...
KIA MOTOR UNION WORKERS AGREE TO ACCEPT NEW THE ANNUAL WAGE DEAL
Highlights –
- Kia Motor union workers agree to accept the new annual wage deal.
- The company has also agreed to restore the 25-minute extra work system.
- Around 58.6 percent of the union workers agreed to the management’s proposals...
SOUTH KOREA’S RETAIL SALES IN NOVEMBER PEAKED TO 6.3 PERCENT
Highlights –
- South Korea’s retail sales in November peaked at 6.3 percent.
- The combined of 26 major offline and online retailers reached 12.41 trillion won in November.
- Online platforms saw their sales jump 17 percent over the p...
JAPAN’S NATIONAL HIGH SCHOOL RUGBY TOURNAMENT TO BEGIN ON DEC.27
Highlights –
- Japan’s national high school rugby tournament to begin on Dec.27.
- The match will be played without spectators to prevent the spread of COVID-19.
- Around 63 teams from Japan’s 47 prefectures will attend the tour...
THE ANNUAL ELECTRONICS AND IT SHOW OF JAPAN STARTED OFF ONLINE
Highlights –
- The Annual Electronics and IT show of Japan started off online.
- The Combined Exhibition of Advanced Technologies is scheduled to be held virtually through Friday.
- Sharp Corp. showcased transparent screens to show informat...
TOYOTA TO GIVE ANNUAL PAY RISE ON THE BASIS OF EMPLOYEE PERFORMANCE EVALUATIONS
Highlights –
- Toyota to give annual pay rise on the basis of employee performance evaluations.
- The new system will start in spring of 2021.
- Around 65,000 employees will be subject to the new system.
- Workers will be graded o...
2021 KYOTO MARATHON TO HOLD THE ANNUAL EVENT ONLINE DUE TO PANDEMIC
Highlights –
- 2021 Kyoto Marathon to hold the annual event online due to pandemic.
- A running app called ‘Tatta’ will be used to monitor marathon participant’s data.
- There will be no limit in the number of participant...
MINNESOTA ANNUAL RODEO THE NORTH STAR STAMPEDE ATTENDED BY PEOPLE WITHOUT FACE MASKS
HIGHLIGHTS:
• People went without face masks as a protest against the ban on gatherings
• The invitation was sent to come out for protests via Facebook
The world does not have a vaccine for co...
BANK OF JAPAN TO CONSIDER OPTING FOR DIGITAL CURRENCIES
Highlights –
- Bank of Japan to consider opting for digital currencies.
- The Japanese government has put the agenda in its annual policy road map.
- The Bank of Japan is still under the testing phase of digital currencies.
- The ...
BRITISH ROYAL MAIL REPORTS 31% FALL IN ANNUAL PROFITS; JOB CUTS
Highlights –
- Restructuring plans are being made by the British Royal Mail.
- It will change around 2,000 management roles; job cuts.
- The company reported a 31% fall in annual profits.
- It is also cutting down around $373 milli...
IN ORDER TO REVIVE THE ECONOMY, IMPORT TARIFF MUST GO SAYS ARVIND PANAGARIYA
Highlights
• In the last three years, India has imposed import tariffs on most of the products
• Arvind Panagariya also predicted greater globalisation in terms of integration of labour markets after the coronavirus pandemic
• India is likely to sign t...