GlobalEconomic GlobalEdition

June 27, 2022

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S. Korea first lady Kim Jung-sook's ‘Korean paper bag’ gains huge popularity

2021.11.04 09:27

The ‘Hanji (Korean traditional paper) handbag’ introduced by S. Korea first lady Kim Jung-sook, who is visiting Italy with President Moon Jae-in to attend the G20 summit, became a hot topic and has been sold out online. According to Cheong Wa Dae, Mrs. Kim attended a G20 partners' program held at the Capitoline Museum in Rome on the 31st of last month, and introduced the Hanji bag to Spain’s first lady Mrs. Begona Gomez, saying “Hanji is made of mulberry trees so it does not make the forest disappear.” Mrs. Kim said, “Hanji does not harm nature for people. Korea encourages eco-friendly p
Korea returns to normal life… Allows gatherings of 10 to 12 people and business to operate 24 hours

2021.11.02 09:34

S. Korea’s phased scheme of daily life recovery, called ‘With Corona’ will take effect from 5 a.m. on the 1st.It allows public gathering up to 10 people in the metropolitan area and 12 people in the non-metropolitan areas, and most facilities such as restaurants and cafes can be operated 24 hours. Some multi-use facilities with high risk of infection, including entertainment and sports facilities, will adopt the ‘Quarantine Pass (vaccination certification or PCR-test negative certificate)’ system.According to the Central Disaster and Safety Countermeasure Headquarters on the 1st, Korean
S. Korea, US start joint air exercise for 5 days from today

2021.11.02 09:29

South Korea and the United States started a combined air exercise on the 1st. According to a military source, Korea and the U.S. will conduct a five-day joint comprehensive air combat training from the 1st to the 5th.In this joint exercise, some 100 aerial forces from both countries, including F-15K and KF-16 jets from South Korea and F-16s from the U.S., are participating in. However, there are no military assets were deployed from the U.S. mainland, and the training is conducted by dividing the participating forces into battalion-level or lower depending on the training mission.Korea and the
Meet the young woman who repairs aircraft

2021.10.20 09:38

GUO WEI, an aircraft maintenance engineer who was born in the 1990s, said that she achieved her dream career in Shenzhen, DT News reported. Guo recently won third place of the first prize at the aircraft maintenance vocational skills session of the 2021 Shenzhen vocational skills competition. She was the only female finalist at the contest. Guo came to Shenzhen in 2016 after graduating from the Civil Aviation University of China. Since then, she has been working in Shenzhen Airlines as a maintenance worker. “I’ve been yearning for the blue skies since I was a child and I long for one day to
Afghan ‘special contributors’ are granted long-term residency for five years without restriction on employment

2021.10.20 09:26

The Cabinet has approved the revision of immigration law to grant long-term residency for five years to Afghan special contributors and their family, who escaped from the Taliban’s threat and entered Korea under the military mission called ‘Operation Miracle’ by Korean government, on the 19th.At the 45th Cabinet meeting held by Prime Minister Kim Boo-kyum at the Sejong Government Complex on the 19th, the government deliberate and passed on six legal agendas including the revision of immigration law, six presidential decrees agendas, four general agendas, and two report agendas.According to
“Work-from-home is over, office work is resumed”… Companies are recovering their daily life under the ‘With Corona’

2021.10.19 09:26

With the beginning of the ‘With Corona Era,’ companies have also become busy. While easing the quarantine rules that have been strictly applied until now, they are preparing for a totally different daily life from before.Although it is still being operated conservatively, companies decided to resume face-to-face meetings and overseas business trips. The proportion of employees who work from home will be also gradually reduced.According to the quarantine authorities on the 18th, the government is preparing for a ‘phased recovery of daily life (With Corona)’ from next month.It reflected the
App Annie “Korean’s average daily time spent on apps is 5 hours… 3rd place in the world”

2021.10.18 09:40

Mobile data and analytics firm App Annie said on the 15th that Korean’s average daily time spent on mobile apps recorded 5 hours for the first time in the third quarter of this year.According to the ‘State of Mobile Market in Q3 2021’ by App Annie on the 15th, mobile apps were downloaded 36 billion times worldwide and total app-related spending was $34 billion (about 40 trillion won) in the third quarter of this year. Both are new quarterly records.By country, the average daily time spent on mobile apps was 5.0 hours a day in Korea, ranking third in the world. It increased slightly from the
People claim that they got “hair loss after vaccination”… Is COVID-19 vaccine the reason of losing hair?

2021.10.14 17:46

Recently some controversy has arisen over several cases complaining the hair loss after COVID-19 vaccination. It has not yet been proven that COVID-19 vaccine causes the hair loss, but experts say that the possibility of side effects cannot be ruled out. According to Chung Wa Dae on the 14th, 53-aged man ‘A’ uploaded the petition complaining that he got hair loss after COVID-19 vaccination on the website of the National Petition on the 7th. ‘A’ said that he had a fever and lethargy and serious hair loss begun two days after vaccination.‘A’s wife, who wrote the petition, said, “I am worr
Top 3 brand fake bags are Louis Vuitton, Chanel, and Gucci… 98% is made in China

2021.10.13 09:32

Among brand fake bags caught in Korea, Louis Vuitton is most common and followed by Chanel and Gucci.According to the National Customs Service's audit on the 12th, the number of replicas got busted for four years from 2017 to August this year was 1,866, and the total amount was 467.9 billion won.By brand, fake Louis Vuitton bags was the largest with 148.4 billion won, followed by Chanel (70.1 billion won), Gucci (29.5 billion won), Hermes (29.3 billion won), and Prada (21 billion won).The fake Louis Vuitton bags have been the largest amount since 2017.Fake Gucci and Hermes bags were only 1.5 b

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S. Korea logs record current account surplus with U.S. and Southeast Asian

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