Category Archives: economic

Two-way financial opening-up to expand more this year

strengthen the interconnection

China will work to further expand its financial opening up this year as part of its efforts to attract more foreign investment and bolster the world’s second-largest economy, officials and experts said on Friday.

Cheap Chinese goods seen as double-edged sword for Korean economy

Cheap Chinese goods

Cheap Chinese goods are flooding into Korea amid the growing presence of Chinese e-commerce platforms, creating both favorable and unfavorable circumstances for the Korean economy as it tries to lessen reliance on China, according to scholars and consumer groups, Friday.

Nation firm on closer ties with financial institutions

international financial institutions

Beijing reaffirmed its commitment to forging closer partnerships with international financial institutions as leaders of the central government hosted top officials from the World Bank, the International Monetary Fund and the Asian Development Bank on Monday.

Afghanistan’s Tourism Industry Reopens as Islamic Emirate Ensures Safety and Welcomes Foreign Visitors

Afghanistan’s Tourism Industry

KABUL (BNA) In a significant development for Afghanistan’s tourism sector, the Institute of Tourism and Hospitality, affiliated with the Ministry of Information and Culture, has reopened its doors to students.

Naver, Kakao employees see reduction in salaries amid IT industry downturn

Naver and Kakao

Average annual salaries at Naver and Kakao went down last year due to a sharp decline in their stock vaulations caused by decelerated growth experienced after the COVID-19 pandemic, regulatory filings showed Friday.

Remote Work Stable at Higher Rate Post-Pandemic

Remote Work

U.S. workers’ remote workdays have stabilized after spiking during the COVID-19 pandemic in 2020. The average U.S. worker spends 3.8 days per month working from home, down from 5.8 in 2020 but higher than the 2.4 average from 2019. Among the smaller sample of workers who have ever worked remotely, the figures are an average of 7.7 remote days per month currently compared with 11.9 in 2020 and 5.8 in 2019.

Transparent and Confident Investment in Mineral Resources Encouraged by Mines Minister

Investment in Mineral Resources

Sheikh Shahabuddin Delawar, the Acting Minister of Mines and Petroleum, recently held a meeting with a Kyrgyzstan investor. During the meeting, Delawar emphasized that investments in Afghanistan’s mineral resources should be made with full transparency and confidence.

Korean shipbuilders seen as beneficiaries of US-China trade war

Korean shipbuilders

Cautious optimism is growing that Korean shipbuilders will be able to increase their overall share in the global market, as the sector has become the latest battleground in the ongoing U.S.-China strategic rivalry, according to industry officials, Sunday.

Turkish Firm, Holdenc Oil Diesel, Explores Investment in Afghanistan’s Lead and Gold Mines

Investment in Afghanistan

Sheikh Shahabuddin Delawar, the Acting Minister of Mines and Petroleum, held a meeting with Ali Wahid Atechi, a representative from Turkey’s Holdenc Oil Diesel Company. The company has shown interest in investing in Afghanistan’s mineral resources.

Rising ‘kimchi premium’ fuels Bitcoin frenzy worries in Korea

'kimchi premium'

As the price of Bitcoin sets new records every day, the fervor among investors in Korea is fueling a notable overheating of the market. Concerns are rising as the soaring demand is pushing up the “kimchi premium,” a phenomenon where cryptocurrency in Korea trades above the global rate.