How is Korea helping poor nations across the world?
Korea now has more obligations to developing countries and will feel more pressure to help. With the holidays quickly approaching, many teens are eagerly awaiting the day they can rip open holidays gifts and dig deep into stockings. But the Chr…
What is the Gross Domestic Product?
Economists are always talking about it, the government is often painting a rosy picture of it and countries can find pride in it. In fact, it is such a quintessential concept in the world of economics that the media doesn’t even bother to define it. …
What is IPTV and how does it work?
Since early this year, the word IPTV has been mentioned in numerous headlines and news stories. Yes, it is a fancier version of regular old TVs, but many people wonder - what exactly is IPTV, or Internet protocol TV, and how does it work? What i…
What is renewable energy?
The “green” phenomenon is spreading around the world. Events such as the United National Climate Change Conference in Copenhagen in December and countless other exhibitions, conventions and forums around the world have intensified the focus on pr…
What is fair trade?
How often do you think about where the things you eat, drink and use come from? What is the origin of the rice in your bowl and how did it get there? Who made it and how many people bought and sold it before it arrived in your local grocery store…
Why do we need an exit strategy for the economy?
Dear teen readers, does the word “exit strategy” ring any bells? Those of you who regularly read the newspaper or watch the news may already have noticed that the phrase pops up in the media every day. Most of you are aware of the economic downturn, …
A delinquent payment can stay on your record for five years.
Earlier this month, Fitch Ratings raised Korea’s sovereign credit outlook from a negative rating to a stable AA+, the level the country held nine months ago. It was great news for Korea and underscores the country’s stability as it emerges from t…
Why do we keep hearing about irregular workers?
Protecting workers typically ranks near the top of the priority list for almost every country. Having a happy, productive workforce benefits everyone, from the taxi driver circling Itaewon to the teenager working at McDonald’s to the well-dressed …
Why do we keep hearing about the U.S. economy?
Articles about business and economics aren’t exactly the most entertaining stories in the daily newspaper. They’re often filled with unbelievably large numbers, complex acronyms and strange terms. At first glance, they might seem much less interes…
What is the four-rivers restoration project?
If you’ve picked up a local paper, turned on the radio or watched the nightly news lately, chances are you’ve at least heard mention of the four-rivers restoration project. The massive government plan has grabbed the media spotlight, as much for w…