Q. What is a ‘currency war’?
The world is in the midst of a war, but it is not the kind of war you may be imagining. It is a currency war in which nations compete to lower the value of their currency in order to help their industries gain greater profits from exports. The curre…
Q. Why are prices changing so much these days?
If you’ve gone grocery shopping with your mother recently, you might have heard her grumble in the aisles about how expensive vegetables and fruits have become. And because of the hike in prices, she might not be buying fresh goods like cabbage or …
Why are discount chains expanding online?
Some people go to discount stores to buy groceries or just to taste food samples. The stores are usually so busy that most people want to get in and get out as fast as possible. But nowadays, more people are choosing to forego the hectic crowds to i…
Why is Korea opening a gold exchange?
There are already securities exchanges and for stocks, futures, forwards and options. There are also currency exchanges where the local currency, the won, and the U.S. dollar are traded. But what about a gold exchange? The Korean government said i…
What’s the interest in interest rates?
One of the hot topics last month was the sudden hike in the nation’s key interest rate by the Bank of Korea, which broke a long stretch - 17 consecutive months - of keeping the rate at an all time low of 2 percent. Recently other countries around …
What is augmented reality?
People sometimes want to escape reality - to see things that are not there, be things they’re not, do things they can’t. With modern technology we can blur the lines between what’s real and what’s not. We’ve all experienced this in one way or a…
How are the world’s stock markets rated?
Top ranked students are placed into an honor class while average students and those below the average are each put into a regular and an easy course. Students are classified into different groups based on their test result. A country’s stock market w…
What would life be like without social networking?
Here is a question for you to think about before reading along: What would your life be like without the Internet? Don’t panic, but just take a minute to consider it. Where would you go to search for the latest music or find a map to direct yo…
As host of the next summit, Korea hopes to solidify its role as a global leader.
The whole country is going wild for the World Cup, which kicked off yesterday in South Africa, but when the monthlong competition comes to an end, there is an even bigger event awaiting Korea. The G-20 summit, which the local media says will be th…
What do all these new smartphone terms mean?
It’s clear smartphones are a trend with legs among fashionable Korean consumers. Most of us know that a smartphone is a mobile phone that works somewhat like a personal computer. But how familiar are you with smartphone-related terminology like OS…