Tag Archives: COVID-19 PANDEMIC

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.

The COVID-19 Emergency Declaration Is Over. What Next?

When President Trump first declared a national emergency in response to the COVID-19 pandemic, few Americans could have imagined that it would continue for the next three years. But given that President Biden allowed the declaration to expire on May 11, it is a particularly good time to reevaluate how we respond to unexpected events.

Global growth forecast to slow to 1.9% in 2023, warn UN economists

global economy

Senior UN economists warned on Wednesday that intersecting crises are likely to add further damage to the global economy, with growth set to slow from three per cent in 2022 to 1.9 per cent this year.

COVID-19: WHO highlights critical importance of sharing virus sequences

virus sequences

Although virus sequencing is vital to detect and track new variants in the COVID-19 pandemic, sharing this information must be stepped up globally, the head of the World Health Organization (WHO) said on Wednesday in Geneva. 

How Itaewon turned into epicenter of tragedy

celebrate Halloween

The hip alleys of Itaewon were once considered one of the main destinations in Korea to celebrate Halloween, as people gathered there to enjoy the annual event before the COVID-19 pandemic hit the nation three years ago. With nightclubs, bars and restaurants packed tightly together, Itaewon was a popular place for culturally curious Koreans to easily mingle with people from different cultures and ethnic backgrounds.

Ukraine war could increase shocks for developing countries, UN warns

Ukraine war

The fallout from the war in Ukraine could dramatically worsen the economic outlook for developing countries already grappling with debt financing related to the COVID-19 pandemic, the UN said in a report published on Tuesday. 

After Ukraine war, Taiwan’s chip supremacy raises economic stakes

Taiwan’s chip supremacy

The COVID-19 pandemic and the war in Ukraine spotlighted the value of semiconductors in the global economy and Taiwan’s crucial role in manufacturing the chips.