* Date : 2013-03-29
Foreigners working for Korean startup companies.
Startup companies, consisting of relatively small number of people with innovative ideas and technology in the mobile and media industries, were the booming trend in the late 1990s. They are rising business trend not only in South Korea, but around the world. As the Korean mobile industry is finding its place to become the global leader, foreigners are coming to the country in hopes of realizing their dream. We were at the scene where Korean startups and foreign personnel meet at the Startup Weekend Event held forthree days from March 22. Some 100 people gathered at the event to share their idea and discover talents, showing current and what future holds for Korean startups.
No more leaking electricity! Artificial intelligent automated electricity stabilizer
Just turning off home appliances does not mean that power is off completely. Plugged in appliances consume power even after they are turned off, and about 4oo million won worth of standby power is wasted in South Korea every year. But there is a company trying to help consumers keep money in their wallet. Wellbas Ltd. invented an intelligent auto energy-saving power strip, Hisaver, the first of its kind in the world. Hisaver is a power strip that you would connect TV or computer and peripheral devices, and it helps save up to 30% to 50% of the energy bill by detecting human motion in its range. It completely shuts down energy when there is no human presence, and releases power automatically when the user returns. Hisaver is the first and only product made in Korea that receives a UL certificate in the U.S. We will take a close look at Hisaver, the intelligent auto energy-saving power strip, which has become a must-have item in households and offices not just for Koreans.
Interview: Korea’s Trade Policy.
Minister of Trade Bark Tae-ho
Minister of Trade Bark Tae-ho
Many countries and regional blocs across the world are signing free trade accords to break through lingering global economic slump and slow economic growth, and there is no doubt that trade is very important to South Korea where export accounts for 57% of the country’s gross domestic product (GDP).Amid rising importance of trades to its economy, the country was recently stirred by the new government’s decision to restructure the Ministry of Knowledge and Economy by renaming it the Ministry of Trade, Industry & Energy and taking trade negotiating duties from the foreign ministry. We met with Bark Tae-ho, Korea’s Trade Minister to find out latest trends in trade policies across the world and strategies that Korea should take for the upcoming talks on a trilateral FTA with Japan, China, and South Korea.
Lavish spending by North Korea’s ruling class on luxury items and illegal source of cash from the outside the country.
The U.N. Security Council banned export of luxury goods to North Korea in 2006 for the first time in its sanctions against the country. The latest UN resolution specifically listed expensive jewelry, yachts, luxury vehicles, and race cars as the luxury items North Korea can not import. The list has led us to wonder how much the North’s regime has spent to purchase luxury goods while impoverishing its people, and where the cash came from.
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