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East Asia
Demand for Korean cosmetics increases rapidly in Asia
Due to the popularity of Korean wave ‘Hallyu’ such as K-POP, cosmetics made in South Korea are selling very well. According to KOREA CUSTOMS SERVICE as of 22, monthly sales of cosmetics on June are $152 million which is the highest since January, 2000. By countries, China bought $44.8 million,…
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East Asia
Accumulated earnings of Samsung and Hyundai Motors increased more than double.
Accumulated earnings of ten biggest conglomerates in Korea are doubled in 5 years. CEO SCORES, the website that evaluates company’s manageability, released the new report evaluating 10 biggest conglomerates and their 81 listed companies. The report stated that the total accumulated earnings of following companies were 515.9 trillion won. This…
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East Asia
Sharp increase in imported beer sales in Korea
The amount of imported beers in Korea of the first half of 2014 recorded the highest since 2000. According to KOREA CUSTOMS SERVICE as of 16th, the total amount of imported beers in Korea is 53,618 tons which is 29.2% higher than that of previous year. This means that about…
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South Asia
A Statistically Tested Way to Stop Terrorism and Boost Pakistan’s Economy
Over the years prominent Pakistani leaders have held identical opinions alleging that Pakistan is invincible. The recent Pakistani Taliban attacks including those on Karachi’s international airport have put that claim to the test. Yes, it is true the terrorists were defeated due to the brave warriors who gave their lives.…
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East Asia
[Asia Round-up] Japan inflation rate hits 23-year high Jump
Consumer prices in Japan rose at their fastest pace in 23 years in April, following an increases in sales tax. Prices rose 3.2% compared with the same period last year, beating analysts’ forecasts of a 3.1% jump. The government raised its sales tax rate from 5% to 8% on 1…
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South Asia
Absence of maritime boundary between India and Pakistan brings miseries to fishermen of two nations
It has become a tradition on the part of rulers of India and Pakistan to release detained fishermen on certain occasions as a gesture of good will but at the same time their respective security agencies continue arresting the fishermen, seizing their boats and throwing them into prisons to languish…
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East Asia
Shall “Daum Kakao” merger create synergy? (2)
With the advent of “Daum Kakao” merger, the question still remains as to whether the incorporation could bring about the expected synergy. It further remains to be seen whether or not the merger could threaten Naver’s dominance in industry. Concerning this issue, even among Kakao and Daum’s ranking officials, there…
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East Asia
Shall “Daum Kakao” overcome Naver?
The merger of Daum and Kakao will take place on October 1st Shall Daum and Kakao defeat their overwhelming rival Naver? On Monday, Daum and Kakao joined hands to overtake their superior Internet competitor Naver. However, it remains to be seen whether their efforts could bring fruit and “create synergy”…
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East Asia
Daum takes over Kakao
Messenger firm scrutinized over back-door listing Daum Communications, the nation’s second-largest web portal, announced Monday it will acquire Kakao, the operator of the nation’s top mobile instant messenger service, foretelling an upheaval in the local mobile and Internet industry. As a result of the stock swap arrangement which is expected…
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South Asia
Indian vendor weighing onions
An Indian vendor weighs onions at a wholesale vegetable market in Allahabad, Uttar Pradesh state, India, Thursday, May 22, 2014. India is in the midst of rapid socio-economic change. About 13 million young people are entering the job market each year, but not enough jobs are being created in an…
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