What is a microcredit loan, and how does it work?
There’s a lot of talk these days about banking for low-income households. One of the best, and most successful, examples is microcredit. This is a type of banking that makes very small loans at low interest rates to households or small businesses who…
Why is Goldman Sachs in trouble?
Goldman Sachs, a global investment bank in the United States, has recently been charged with securities fraud involving certain mortgage bonds. The U.S. Securities and Exchange Commission filed a civil lawsuit against the banking giant on April 16, s…
What is fast fashion?
Take a quick look through your closet for these brands: Uniqlo, Zara, Mango, Forever21, SPAO or H&M. If you see them, and there are lots of them, you are likely a fashion-forward but thrifty teen constantly on the lookout for new trends at low prices…
What’s being done about falling rice consumption?
Can you imagine a life without rice? Steamed rice has been a staple in Korean cuisine for as long as anyone can remember. And that is why many of your parents would force you to eat a bowl of bap and banchan (side dishes) for breakfast even during t…
What is a product recall?
These days, you can hardly look at a newspaper without seeing a reference to Toyota and its recent recall. Toyota, a Japanese company and the world’s largest carmaker, is being criticized for the defects in millions of its cars and the way it has ha…
How is unemployment data calculated?
Determining whether someone is employed or out of work appears relatively easy at first glance. You either have a job, after all, or you don’t. But not so fast. It gets a bit tricky when you factor in people like Lee, a 39-year-old Seoul residen…
How is a tablet computer different from other PCs?
Apple Inc. unveiled its latest creation, the iPad, on Wednesday in San Francisco, creating a stir in the media and attracting the attention of technology lovers across the globe. Apple, the California-based consumer electronics and software progra…
Which industries have been affected by ‘Avatar’?
Watching a movie with 3-D glasses on at an IMAX theater used to be an activity reserved for kids. But the release of James Cameron’s science-fiction epic “Avatar” in December has sent moviegoers, regardless of their age or genre preference, to their …
Why is the U.A.E. nuclear plant deal so important?
Korea now has some of the world’s most efficient, cutting-edge plant designs. It might seem strange for a bunch of nuclear power plants in the United Arab Emirates that aren’t even built yet to be all over the evening news in Korea, but that’s exact…
What is carbon emission labeling?
Imagine that you’re at a supermarket, walking through the aisles and looking for the items on your shopping list. The next item on the list is milk, so you head to the refrigerator aisle and pick a carton up. But when you look at it, you notice th…