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Spotify in Korea Can Help Korean Musicians go Global
The launching of Spotify in Korea in 2021 was big news and will have a major impact on the music industry as we move into 2022. However, the biggest impact will be for independent musicians in Korea. South Korea is the 6th largest music market in the world and now Koreans will have access to over…
Startups in Korea Need to Apply for the Zayed Sustainability Prize
Startups in Korea need to apply for the Zayed Sustainability Prize, held annually in the United Arab Emirates. It is one of the top pioneering global awards regarding sustainability. They call on innovators from international organizations to submit entries for the Prize annually. The winners of…
Can Korean Startups Enter the North Korean Market
Back in 2018, North Korean dictator Kim Jong-un signed the Panmunjom Declaration with South Korean President Moon Jae-in in South Korea. The declaration was to have both countries cooperate on officially ending the Korean War. Therefore, beginning a new area of peace and improving inter-Korean…
Shopping Habits in Korea Changed Due to COVID-19
When you walk down the streets of Myeongdong, Dongdaemun, Garosugil (Sina-dong), and even inside COEX mall, you will notice that more and more stores are shutting down. Offline stores have been under pressure due to online retailers even before COVID-19. Shopping habits in Korea are changing as…
Will Bank of Korea Launch Digital Currencies in Korea?
The Bank of Joseon introduced currency notes in Korea back in 1946. 4 years later, a new central bank called the Bank of Korea replaced the Bank of Joseon. Now they play a major role in maintaining price stability in South Korea. However, recently with the rise of Bitcoin and other…
Why is the Youth Unemployment Rate in Korea so High?
The youth unemployment rate in South Korea currently stands at 10%. South Korea overall lost over 1 million jobs from the same time last year. The majority of job loss was in the service sector which has been hit especially hard during the coronavirus pandemic. Retail jobs, hotel jobs, and…
