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KDI Downgrades S. Korea’s Economic Growth to 3.7% This Year

KDI Downgrades S. Korea’s Economic Growth to 3.7% This Year

SEOUL, May 28 (Korea Bizwire) – The Korea Development Institute, South Korea’s think tank, has downgraded the estimated economic growth on the ground that the aftereffect caused by the Sewol ferry incident and lower consumer spending druing the first quarter will linger on for some time now. On May 27, the state-run economic think tank predicted this [...]

Younger Koreans Spend Less for Fear of Post-retirement Life

Younger Koreans Spend Less for Fear of Post-retirement Life

SEOUL, May 28 (Korea Bizwire) – A recent survey showed that the stagnation in consumption in the private sector comes from the anxiety over the life after retirement. Because of the longer life expectancy and shortening working period, younger generations are reluctant to spend now in preparation for their future. According to a Korea Development [...]

Cloud Will Transform the Airport Experience, According to Amadeus Insight Paper

Cloud Will Transform the Airport Experience, According to Amadeus Insight Paper

  MADRID, May 27 (Korea Bizwire) – Airports are increasingly identifying the need to switch to next generation cloud systems in order to improve operational efficiencies in a challenging marketplace, according to an insight paper launched by Amadeus today. IT makes sense to share: making the case for the cloud in Common Use airport technology [...]

How to Increase “Social Capital” in Korea…Hyundai Economic Research Inst.

How to Increase “Social Capital” in Korea…Hyundai Economic Research Inst.

SEOUL, May 26 (Korea Bizwire) – Hyundai Economic Research Institute has published a report “Korea’s Social Capital Index” on May 25, comparing the index of Korea with those of 32 Organization for Economic Cooperation and Development member nations. Of the components of social capital, the report defined 15 indexes each for private and public social capital. The [...]

What’s the Future Like?…85% Said Future Will Be Surveillance Society

What’s the Future Like?…85% Said Future Will Be Surveillance Society

SEOUL, May 26 (Korea Bizwire) – What’s the future like? That’s the question we have asked to ourselves since childhood. The Korean Ministry of Science, ICT, and Future Planning asked the same question to people and published the survey results on May 25. According to the ministry, it conducted a survey “General Perceptions on Future Society” as [...]