South Korea’s central bank raised interest rates on August 26 as financial risks increased. The Bank of Korea lifted its policy to 0.75% for the first time in almost three years from a record low of 0.5%. Remarkably, South Korea became the first developed economy to raise interest rates during the pandemic era. The move …
Reports have been all over the 5G hype as soon as South Korea adopted the network last April. The anticipated feature promised lightning-fast download speeds, high-resolution video calls, and lag-free gaming. But as of now, is it worth all this hype? The network represents the future of business, economic growth and innovation. When stable, the …
The 5G Promise – What’s to Come? | Wibest Broker Read More »
The South Korean government will file a formal complaint. All along with the World Trade Organization against the Japanese government. Seoul will address its issues with Tokyo’s export curbs on items such as chips and screen components. The statement was released by the South Korean trade minister on Wednesday. Trade Minister Yoo Myung-hee said …
South Korean Government files complaint against Japan Read More »
On Friday, the dispute between two South Korean battery makers worsened. This is after SK Innovation Co Ltd also plans to charge bigger on its rival LG Chem Ltd in the United States. The fine is over the alleged patent breach related to electric vehicles. The projected new lawsuit by SK Innovation illustrated an instant …
SK Innovation Fines LG Chem on EV Battery Dispute Read More »
Previously, Terra added another partner to its payment provider alliance. The Singapore-based, South Korean-focused blockchain provider and stable coin issuer has settled to work with Bugs. The new provider is a South Korean music streaming service. Bugs is the latest addition to the Terra Alliance, a group of ecommerce companies for which Terra provides payment services. …
Terra, a Blockchain payment system and stable coin issuer, added to its e-commerce alliance the South Korean music streaming platform Bugs. There are now 25 partners in the Singapore-based company’s South Korea-focused payment ecosystem as reported on August 14. The Terra Alliance uses CHAI payment solutions provider as its front-end. CHAI includes a mobile payments …
Terra Stablecoin Signs with Bugs for Crypto Payment Alliance Read More »
The Japanese and South Korean vice foreign ministers are expected to meet on August 16-17 in Guam. The meeting comes at a crucial time as the conflict between the two giant Asian economies continues to escalate. Local Japanese media reported the news on Wednesday. However, the report cited unidentified sources for the meeting of Japanese …
Japanese and South Korean Officials Set to Meet this Week Read More »
Representatives from the United States and China are resuming trade talks regarding the prolonged tariff dispute between the two. The US officials personally traveled to Shanghai, China to meet Chinese representatives. The decision to fly to China came after a positive trade talk over the phone by the representatives. The delegates from the United States …
Heightening global trade tensions seems to be in trend as the United States and China trade dispute continues to loom. And in the east, two Asian economic giants are giving tit-for-tat tariffs – South Korea and Japan. Tariffs have seemed to be hot in political and trade playbooks. Trade tensions between both countries have escalated …
South Korea’s Economic Growth at Risk Due to Export Curbs Read More »
South Korea and Japan: Trade Dispute The global economic problems are getting worse as after the U.S.-China trade war; another dispute is unfolding between South Korea and Japan. The reason for the dispute dates back to the 1940s when the Japanese military forced Korean women to become sex slaves. There are other problems that started …
On Monday, within a growing dispute over South Koreans forced to work for Japanese firms during World War Two, exports of high-tech materials used in smartphone displays and chips to South Korea will be tighten by Japan, an industry ministry said. On Thursday, slowing the export process by several months, hitting South Korean tech giants, …
Japan to Constrict Tech Material Exports for South Korea Read More »
HUAWEI – Huawei silently launched its first fifth-generation (5G) service development center in South Korea. This comes amid the still-looming US-China trade war. This comes after the United States banned Huawei, which is also the world’s biggest telecom equipment maker. The banning of Huawei in the US puts it effectively trapped between two fighting economic …
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