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	<title>Herald English &#187; Opinion</title>
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	<link>http://heraldk.com/en</link>
	<description>Korea Herald Business in English. Variety of Current Trending Business and Economic News about the Korean-American Community and Korea.</description>
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		<title>Japanese companies are expected to perform well beyond their own goals due to the fall in the yen&#8217;s value and the increase in foreign tourists visiting Japan.</title>
		<link>http://heraldk.com/en/2023/09/25/japanese-companies-are-expected-to-perform-well-beyond-their-own-goals-due-to-the-fall-in-the-yens-value-and-the-increase-in-foreign-tourists-visiting-japan-2/</link>
		<comments>http://heraldk.com/en/2023/09/25/japanese-companies-are-expected-to-perform-well-beyond-their-own-goals-due-to-the-fall-in-the-yens-value-and-the-increase-in-foreign-tourists-visiting-japan-2/#comments</comments>
		<pubDate>Mon, 25 Sep 2023 06:23:45 +0000</pubDate>
		<dc:creator><![CDATA[HeraldK]]></dc:creator>
				<category><![CDATA[Opinion]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[korea]]></category>
		<category><![CDATA[rss]]></category>

		<guid isPermaLink="false">http://heraldk.com/en/?p=73947</guid>
		<description><![CDATA[However, the steel and chemical sectors, which are highly dependent on exports, are unlikely to avoid the impact of falling demand from China. The Nihon Keizai Shimbun (Nikkei) reported that 80% of companies are expected to outperform their existing targets after comparing their own net profit forecasts for fiscal 2023 (April 2023-March 2024) with those [&#8230;]]]></description>
				<content:encoded><![CDATA[<figure><img class="aligncenter" alt="" src="http://www.usasiajournal.com/wp-content/uploads/2023/09/2023-08-11T152916Z_738678258_MT1YOMIUR0009IWNS8_RTRMADP_3_KYOTO-TO-TACKLE-OVERTOURISSIM-1024x664.jpg" width="1024" height="664" /><br />
<figcaption></figcaption>
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<p>However, the steel and chemical sectors, which are highly dependent on exports, are unlikely to avoid the impact of falling demand from China. The Nihon Keizai Shimbun (Nikkei) reported that 80% of companies are expected to outperform their existing targets after comparing their own net profit forecasts for fiscal 2023 (April 2023-March 2024) with those of three or more securities firms.Automobile manufacturers are expected to perform well beyond their targets. Nikkei explained, “The weak yen is a factor that boosts automakers’ profits.”Toyota is expected to earn 850 billion yen more than this year’s target. Toyota’s net profit this year is expected to be 3.43 trillion yen.Toyota has already filled 51% of its annual performance planned between April and June this year. Operating profit surged 94% year-on-year to 1.1209 trillion yen during the period, and net profit also rose 78%. Toyota is the first Japanese company to post an operating profit of 1 trillion yen on a quarterly basis. In addition to the yen’s low, production recovered due to the resolution of the shortage of automotive semiconductors, and Lexus’ strong sales in North America led the performance.Mizuho Securities analyst Yoshitaka Ishiyama said, “We expect many automakers to raise their earnings forecasts for this year in their next quarterly results.”</p>
<figure><img class="aligncenter" alt="" src="http://www.usasiajournal.com/wp-content/uploads/2023/09/5AD78256-7B18-407E-B9D1-6B6D6F0ABAEE-1024x683.jpg" width="922" height="615" /><br />
<figcaption>W4RJ02 Japanese flag with office buildings on background, Marunouchi, Tokyo, Japan</figcaption>
</figure>
<p>Nintendo, a Japanese video game company, is also benefiting from the yen. Nintendo originally expected its net profit to fall 20% year-on-year this year, but the market is expected to fall only 2%. This is because Nintendo’s new work has been very successful, and the yen’s weakness has increased the foreign currency’s foreign exchange gains. In addition, the media said that the performance outlook for the travel industry is bright as the number of inbound travelers increases rapidly. In fact, according to an announcement by the Japanese Government Tourism Bureau (JNTO) on the 16th of last month, the number of tourists visiting Japan in May exceeded 2 million, recovering to 80% before the COVID-19 pandemic.On the other hand, 20% of companies are expected to perform below their original target this year. The aftermath of sluggish demand in China is affecting the Japanese industry. “There are no companies in the chemical and steel sectors that are not affected by the Chinese economy,” the media said. In particular, chemical companies such as Sumimoto Chemical and Asahi Kasei are expected to be directly hit by the slowdown in China’s economy and falling demand for petrochemical products.Kenji Abe, chief strategist at Daiwa Securities, said, “The benefits of the increase in yen and inbound tourists will further strengthen our performance,” adding, “The future U.S. benchmark interest rate outlook and China’s economic trend hit by the real estate crisis will be variables.”</p>
<p>SOPHIA KIM</p>
<p>US ASIA JOURNAL</p>
]]></content:encoded>
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		<title>“Korea (Korea) F (festival) S (singapore) Corporation” preparing Hallyu (culture, entertainment, and corporate Expo) in Singapore</title>
		<link>http://heraldk.com/en/2023/08/25/korea-korea-f-festival-s-singapore-corporation-preparing-hallyu-culture-entertainment-and-corporate-expo-in-singapore/</link>
		<comments>http://heraldk.com/en/2023/08/25/korea-korea-f-festival-s-singapore-corporation-preparing-hallyu-culture-entertainment-and-corporate-expo-in-singapore/#comments</comments>
		<pubDate>Fri, 25 Aug 2023 06:47:23 +0000</pubDate>
		<dc:creator><![CDATA[HeraldK]]></dc:creator>
				<category><![CDATA[Opinion]]></category>
		<category><![CDATA[World]]></category>
		<category><![CDATA[hallyu]]></category>
		<category><![CDATA[k-pop]]></category>
		<category><![CDATA[KF]]></category>
		<category><![CDATA[KFS]]></category>
		<category><![CDATA[korea]]></category>
		<category><![CDATA[singapore]]></category>

		<guid isPermaLink="false">http://heraldk.com/en/?p=73925</guid>
		<description><![CDATA[Korea Festival Singapore will be held at the Science Centre Singapore for about 71 days from December to February 2023. The Science Centre Singapore is one of the world&#8217;s top 10 science exhibition halls and is an indoor theme park where you can experience everything about science. The Science Centre Singapore, which is located in [&#8230;]]]></description>
				<content:encoded><![CDATA[<div>
<figure>
<p align="left">
<p align="left">
<p align="left"><a href="http://heraldk.com/en/wp-content/uploads/sites/2/2023/08/KakaoTalk_Image_2023-08-21-15-36-06_003-1024x683.jpeg"><img class="aligncenter size-full wp-image-73931" alt="Singapore,Jan,24,2018,-,Exterior,View,Of,Science,Centre" src="http://heraldk.com/en/wp-content/uploads/sites/2/2023/08/KakaoTalk_Image_2023-08-21-15-36-06_003-1024x683.jpeg" width="1024" height="683" /></a>Korea Festival Singapore will be held at the Science Centre Singapore for about 71 days from December to February 2023. The Science Centre Singapore is one of the world&#8217;s top 10 science exhibition halls and is an indoor theme park where you can experience everything about science. The Science Centre Singapore, which is located in a two-story building, shows more than 600 exhibits in 17 exhibition halls, centering on the main hall. There are exhibition halls to learn about viruses, aviation exhibition halls, The Mind&#8217;s Eye using optical illusions, and Discovery Zone to learn the principles of science through various play experiences.</p>
<p align="left">There are also various amusement facilities outdoors, such as time capsules and water play spaces. In addition, the Omni-Theatre is equipped with a super-large dome-shaped screen with a diameter of 23m. The opportunity to hold the event at such a venue came from a long-standing partnership between K-Festival Co, Ltd in Korea. To be well aware of the purpose, the US Asia Journal, an L.A. Times supplement in the U.S., will introduce the purpose and meaning to Korean companies. Norazani Bin Shaiddin, General Manager of Snow Venture Pte, Ltd, a Subsidary of Singapore Science Centre Global Pte Ltd, visited.</p>
<p align="left"> <a href="http://heraldk.com/en/wp-content/uploads/sites/2/2023/08/KakaoTalk_Photo_2023-08-24-15-53-56-002.jpeg"><img class="wp-image-73932 alignleft" alt="KakaoTalk_Photo_2023-08-24-15-53-56 002" src="http://heraldk.com/en/wp-content/uploads/sites/2/2023/08/KakaoTalk_Photo_2023-08-24-15-53-56-002.jpeg" width="245" height="140" /></a></p>
<p align="left">Snow Venture Pte, Ltd is the owner that operates Snow City Singapore, an affiliated organization of the Singapore Science Centre, a Statutory Board under the Ministry of Education and the only comprehensive operating institution related to winter sports in Singapore.</p>
<p align="left"> However, the event was hosted through investment, corporate advancement, and cultural exchanges by expanding its scope. General Manager Shaiddin&#8217;s visit to Korea aims to continue expanding the Korean Wave culture in Singapore and stably providing K-content by upgrading the level of business cooperation with K-Festival Co, Ltd which K-Festival Co, Ltd has continued to conduct business cooperation. Currently, Singapore&#8217;s Korean Wave culture is expanding to K-beauty and K-food, led by K-Pop, and the popularity of Korean Wave culture is increasing day by day. In cooperation with the K-Culture Exchange Association and K-Festival Co, Ltd set up a &#8220;Korean Residents Festival Week&#8221; around December 2023 to hold a festival on all Korean cultures, including K-pop performances, K-beauty, Hanbok, and Korean food.</p>
<p align="left">K-Festival Co, Ltd aims to contribute to the economic development of both Korea and Singapore by creating a bridgehead related to Korean and Singapore companies through K-Festival Co, Ltd. Singapore is a major bridgehead that can enter Southeast Asian Oceania, and the trade volume between Korea and Singapore is gradually expanding to $24 billion (as of 2021). However, Singapore&#8217;s social system is very different from domestic conditions, and many companies want to enter Singapore, but they are often frustrated by the barriers to entry. An official from K-Festival Co, Ltd predicted, &#8220;The establishment of K-Festival Co, Ltd will be like a rain that can solve the difficulties of many Korean companies trying to enter Singapore.&#8221;</p>
<p align="left">In addition, the event will introduce practical corporate development, activities, and investment in Singapore beyond simple cultural exchanges.</p>
<p align="left">SAM KIM</p>
<p>US ASIA JOURNAL</p>
<p><span style="font-size: 1em"> </span></figure>
</div>
<p>&nbsp;</p>
<p>SAM KIM</p>
<p>US ASIA JOURNAL</p>
]]></content:encoded>
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		<title>The meaning of &#8220;Don&#8217;t Ask&#8221; in Korea seems to be for no  reason, expressing crime&#8230;&#8221;A series of weapons (knives, etc.)&#8221;</title>
		<link>http://heraldk.com/en/2023/08/22/the-meaning-of-dont-ask-in-korea-seems-to-be-for-no-reason-expressing-crime-a-series-of-weapons-knives-etc/</link>
		<comments>http://heraldk.com/en/2023/08/22/the-meaning-of-dont-ask-in-korea-seems-to-be-for-no-reason-expressing-crime-a-series-of-weapons-knives-etc/#comments</comments>
		<pubDate>Tue, 22 Aug 2023 08:10:08 +0000</pubDate>
		<dc:creator><![CDATA[HeraldK]]></dc:creator>
				<category><![CDATA[Opinion]]></category>
		<category><![CDATA[Don't Ask]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[korea]]></category>
		<category><![CDATA[rss]]></category>
		<category><![CDATA[society]]></category>
		<category><![CDATA[south korea]]></category>

		<guid isPermaLink="false">http://heraldk.com/en/?p=73911</guid>
		<description><![CDATA[Recently, a series of “knife attacks” have been reported, raising concerns about online “as dangerous as the United States.”However, experts argue that “half of the OECD is safe.”Police are controlling the scene of the incident on the 3rd, when an indiscriminate vehicle shock and a knife disturbance occurred at Seohyeon Station in Bundang-gu, Seongnam. Thirteen [&#8230;]]]></description>
				<content:encoded><![CDATA[<figure><img class="aligncenter" alt="" src="http://www.usasiajournal.com/wp-content/uploads/2023/08/FB294967-BE95-4819-9760-926834F719E1-1024x576.jpeg" width="819" height="461" /></figure>
<p>Recently, a series of “knife attacks” have been reported, raising concerns about online “as dangerous as the United States.”However, experts argue that “half of the OECD is safe.”Police are controlling the scene of the incident on the 3rd, when an indiscriminate vehicle shock and a knife disturbance occurred at Seohyeon Station in Bundang-gu, Seongnam. Thirteen people were injured in the incident. Recently, there have been a series of “don’t ask” crimes targeting an unspecified number of people in Korea, highlighting this. “Don’t ask me why. South Korea is suffering from a series of “Don’t Ask” stabbings, according to an article titled “Korea is suffering from a series of knife attacks” that occurred at Sillim Station in Seoul and Seohyeon Station in Seongnam. “Don’t Ask” is written as “Mudjima,” which translates the Korean pronunciation into Roman letters.In South Korea, where the rate of violent crimes is known to be low, citizens are anxious about a series of knife rampage crimes.The term “don’t ask” has long been used in Korean society, but the police officially defined it as a “abnormal motive crime” and set up a response TF only in 2022, BBC reported.He pointed out that Korea’s violent crime rate hit the lowest in 10 years last year, but this recent knife rampage has given people the perception that society is more dangerous.Some online say that Korea is now as dangerous as the United States, but experts told the BBC that Korea is still a very safe country. Korea’s murder rate is 1.3 per 100,000 people, half of the average of OECD member countries, and less than one-fifth of the U.S. murder rate. “The rate of murder and other violent crimes in Korea is not only very low compared to other countries, but has also decreased steadily over the past decade,” he said.Experts pointed to fundamental social pressures in Korean society, including unstable job prospects, continued stigma around housing and mental health, and a lack of support services. Professor Song said, “I think there is a need for a social support system or policy that can help people who are fundamentally disconnected from society and have no social ties.” It was also said that after the knife rampage, there were a series of murder notices online stating the specific time and place, making the public more anxious. As a result, a list of announced felonies and a site informing them of their arrest appeared, and the police arrested those who posted them, while strengthening public patrols, he added.</p>
<p>EJ SONG</p>
<p>US ASIA JOURNAL</p>
]]></content:encoded>
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		<title>As the Japanese music industry was found to have suffered sexual damage, the National Assembly is discussing the revision of the law.</title>
		<link>http://heraldk.com/en/2023/07/03/as-the-japanese-music-industry-was-found-to-have-suffered-sexual-damage-the-national-assembly-is-discussing-the-revision-of-the-law/</link>
		<comments>http://heraldk.com/en/2023/07/03/as-the-japanese-music-industry-was-found-to-have-suffered-sexual-damage-the-national-assembly-is-discussing-the-revision-of-the-law/#comments</comments>
		<pubDate>Mon, 03 Jul 2023 06:45:21 +0000</pubDate>
		<dc:creator><![CDATA[HeraldK]]></dc:creator>
				<category><![CDATA[Opinion]]></category>
		<category><![CDATA[Akimasa Nihonki]]></category>
		<category><![CDATA[and Akimasa Nihonki said he was confused about his work at the time.]]></category>
		<category><![CDATA[Genji Hikaru]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Japanese music industry]]></category>
		<category><![CDATA[Johnny Kitagawa]]></category>
		<category><![CDATA[Johnny Kitagawa testified that he had suffered more than 10 sexual injuries]]></category>
		<category><![CDATA[Johnny's]]></category>
		<category><![CDATA[korea]]></category>
		<category><![CDATA[rss]]></category>
		<category><![CDATA[society]]></category>
		<category><![CDATA[south korea]]></category>
		<category><![CDATA[testified. At the age of 13]]></category>
		<category><![CDATA[who attended the hearing]]></category>

		<guid isPermaLink="false">http://heraldk.com/en/?p=73848</guid>
		<description><![CDATA[(Source from Reuters/Alamy) Past trainees who have been in a stand-alone position for more than half a century as a male idol group production company in Japan have been exposed. From the past, testimony about sexual damage has continued to emergeIn 1988, a book called “To Genji Hikaru” was released, making it the first revelation [&#8230;]]]></description>
				<content:encoded><![CDATA[<figure><img class="aligncenter" alt="" src="http://www.usasiajournal.com/wp-content/uploads/2023/06/CBCB8080-5E70-4844-89AE-C3C961A67EF2-1-1024x683.jpg" width="1024" height="683" /><br />
<figcaption>(Source from Reuters/Alamy)</figcaption>
</figure>
<p>Past trainees who have been in a stand-alone position for more than half a century as a male idol group production company in Japan have been exposed.</p>
<p>From the past, testimony about sexual damage has continued to emergeIn 1988, a book called “To Genji Hikaru” was released, making it the first revelation of Johnny’s office’s annoyance.</p>
<p>The book said that he first had sex with Johnny Kitagawa (Johnny’s founder) at the age of 15.</p>
<p>After that, there were several revelations, but it did not become a fire.This is because rape against men was not established by law in Japan until 2017.</p>
<p>All of these factors combined to form a social atmosphere in which sexual exploitation of men and boys is not simply taboo but invisible at all.</p>
<figure><img class="aligncenter" alt="" src="http://www.usasiajournal.com/wp-content/uploads/2023/06/1F25859A-67D0-4400-B546-DAA2FF6560CF-1024x683.jpg" width="1024" height="683" /><br />
<figcaption>(Source from Reuters/Alamy)</figcaption>
</figure>
<p>Akimasa Nihonki, Kauan Okamoto and Yasushi Hashida, former Johnny’s junior who recently accused Johnny Kitagawa of sexual damage, appealed for the establishment of a revision to the Child Abuse Prevention Act submitted to the National Assembly.</p>
<p>Akimasa Nihonki, who attended the hearing, testified. At the age of 13, Johnny Kitagawa testified that he had suffered more than 10 sexual injuries, and Akimasa Nihonki said he was confused about his work at the time.</p>
<p>I could understand to some extent what happened to the body, but I couldn’t keep up with it and left the office before I turned 15.</p>
<p>However, the sexual damage suffered became a trauma and suffered for a long time.</p>
<p>When I met a man at a similar age, height, and appearance to Johnny Kitagawa, who was the perpetrator, I was very scared, for example, when I got a job and worked with my bosses for work, I was in my 50s and 60s, and I couldn’t treat them normally. In the end, he said he had no choice but to quit his job, and replied that he could hardly tell others what had happened to his body.</p>
<p>In addition, many people said that they went to the victims the day after the sexual assault and gave them 10,000 yen, and that they thought it was a concept of prostitution, not just rape.  And in the case of sexual damage at such a young age, likeAkimasa Nihonki, it is judged that the law revision is more urgent because the trauma remains stronger than when he was damaged as an adult. In addition, what has become a hot topic in Japan is that until recently, it was determined that Japan’s rape and sex crimes can be sexually made from the age of 13 or older and that one can make one’s own decisions.</p>
<figure><img class="aligncenter" alt="" src="http://www.usasiajournal.com/wp-content/uploads/2023/06/2023-05-26T000000Z_910333553_MT1YOMIUR00021K4KR_RTRMADP_3_LATE-POP-MOGUL-JOHNNY-KITAGAWA-S-SEXUAL-ABUSE-1024x683.jpg" width="1024" height="683" /><br />
<figcaption>(Source from Reuters/Alamy)</figcaption>
</figure>
<p>Recently, the case of Johnny Kitagawa, the founder of the Johnny’s office, has become a hot topic, and the age of teaching sex education in Japan is also becoming a problem This is because if elementary schools in Japan do not provide sex education, they start receiving it from middle school. It is said that it does not make sense for uneducated children to be able to judge their sexual behavior, and the bigger problem with the entertainment industry’s male idol’s annoying case is that they inflicted harm without consent on underage children.</p>
<p>The Constitutional Democratic Party of Japan’s amendment to the Child Abuse Prevention Act, which was submitted to the National Assembly, requires the police to report allegations of abuse by a third party using status.</p>
<p>Regarding the amendment, Mr. Nihonki said, “If there was such a law, the damage would not have been expanded, and I was done without being harmed.” The opposition party attended a hearing on sexual damage and child abuse held from 4 p.m. on the 31st of last month, and The Constitutional Democratic Party of Japan submitted an amendment based on what it heard on the day.</p>
<p>The amendment to the Child Abuse Prevention Act obliges the police to report to anyone who finds abuse by a third party using their status, but the ruling party said, “It was suspended because it was judged that the current law was not able to respond.”</p>
<figure><img class="aligncenter" alt="" src="http://www.usasiajournal.com/wp-content/uploads/2023/06/2023-06-12T000000Z_234387396_MT1YOMIUR0006DHE4B_RTRMADP_3_JOHNNY-KITAGAWA-S-SEXUAL-ABUSE-ISSUE-IN-JAPAN-1024x652.jpg" width="1024" height="652" /><br />
<figcaption>(Source from Reuters/Alamy)</figcaption>
</figure>
<p>Yasushi Hashida, 37, Kauan Okamoto, 27, and Akimasa Nihonki, 39, visited the National Assembly on the 5th of this month and submitted 3,326 signatures to six ruling and opposition parties, including the Liberal Democratic Party and The Constitutional Democratic Party of Japan. Prime Minister Fumio Kishida also spoke once again at the National Assembly about the seriousness of sex crimes against these children.</p>
<p>The Janice office is also making changes.It was announced on June 13 that a recurrence prevention team of outside experts was created to prevent this from happening again. It is not just a nuisance case, but it is time to take this opportunity to change the people involved in the entertainment industry as well.</p>
<p>SOPHIA KIM</p>
<p>US ASIA JOURNAL</p>
]]></content:encoded>
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		<title>&#8220;Get on the train within 150 minutes&#8221; French ban on &#8216;short flights&#8217;&#8230;Complaints from all walks of life</title>
		<link>http://heraldk.com/en/2023/07/03/get-on-the-train-within-150-minutes-french-ban-on-short-flights-complaints-from-all-walks-of-life/</link>
		<comments>http://heraldk.com/en/2023/07/03/get-on-the-train-within-150-minutes-french-ban-on-short-flights-complaints-from-all-walks-of-life/#comments</comments>
		<pubDate>Mon, 03 Jul 2023 06:19:46 +0000</pubDate>
		<dc:creator><![CDATA[HeraldK]]></dc:creator>
				<category><![CDATA[Opinion]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[train]]></category>

		<guid isPermaLink="false">http://heraldk.com/en/?p=73833</guid>
		<description><![CDATA[France has banned domestic flights for a short distance within two and a half hours (150 minutes) by train with the aim of reducing carbon emissions.CNN and BBC and AFP reported on the 23rd (local time) that a bill banning domestic flights between areas where trains can travel within two and a half hours in [&#8230;]]]></description>
				<content:encoded><![CDATA[<p>France has banned domestic flights for a short distance within two and a half hours (150 minutes) by train with the aim of reducing carbon emissions.CNN and BBC and AFP reported on the 23rd (local time) that a bill banning domestic flights between areas where trains can travel within two and a half hours in France took effect the previous day. It has been two years since the French parliament passed the “Climate and Restoration Bill” proposed with this information.</p>
<figure><img class="aligncenter" alt="" src="http://www.usasiajournal.com/wp-content/uploads/2023/06/KakaoTalk_20230525_0829012d28-1024x768.jpg" width="557" height="418" /></figure>
<p>French Transport Minister Clement Vaughan said in a statement that “it is an essential step in policies to reduce greenhouse gas emissions and a symbol of strong efforts.” Minister Lee added, “While fighting to reduce carbon emissions, it is not justifiable to use airplanes instead of regular, fast and efficient trains in inter-metropolitan travel.”However, only three air routes have been lost under the law. Only three routes connecting Bordeaux, Nantes and Lyon from Paris’ Orly Airport have been suspended. Connecting routes for long-distance flights were excluded from the ban.<br />
However, only three air routes have been lost under the law. Only three routes connecting Bordeaux, Nantes and Lyon from Paris’ Orly Airport have been suspended. Connecting routes for long-distance flights were excluded from the ban.The European Union (EU) has conditions that there should be a high-speed train as a section that can abolish air routes. He also stressed that early morning and late night railway operations should be carried out so that travelers can return after arriving at their destination and spending at least eight hours.<br />
France has eliminated three short-distance routes with the move, but some still have voices of criticism.The French Climate Citizens’ Convention, which originally proposed the bill, said it would ban aircraft operations if they could travel by train within four hours, but it was reduced to two and a half hours due to opposition from airline Air France-KLM and some regions.The French consumer group “Que Choisir” called for a four-hour limit to be maintained, claiming that “the plane emits 77 times more carbon dioxide per passenger than the train on the same line, even though the train is cheaper and the time loss is only 40 minutes.” The group also called for protective measures to prevent the French Railway Corporation (SNCF) from artificially raising prices or lowering the quality of railway services.Environmental groups also question the effectiveness of the bill. It is argued that stopping the operation of the three routes alone cannot achieve significant results.According to the European Transportation and Environment Union (T&amp;E), a non-governmental environmental organization, the three routes affected by the short-haul ban account for only 0.3% of all flights taking off in France based on carbon emissions and 3% on domestic flights. “The ban on short-haul routes is a symbolic move, but it will have little impact on reducing carbon emissions,” T&amp;E director Joe Darden said.The airline industry is also still unhappy. In the case of short-haul air routes, the use of high-speed trains is already increasing, and it is pointed out that the measure is a “show” that has nothing to do with the goal of reducing carbon emissions.Guillaume Schmidt, who served as vice president of the Air France pilots’ union, said, “Already passengers are naturally avoiding short-haul flights. “No one will be deceived by this measure,” he said. The Association of European Airlines (A4E) also stressed that the government should come up with a practical and important solution to the move, saying the move will have only a minimal impact on carbon reduction.</p>
<p>Sophia Kim</p>
<p>US ASIA JOURNAL</p>
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		<title>Singapore attracts excellent workers and wealthy immigrants</title>
		<link>http://heraldk.com/en/2023/02/10/singapore-attracts-excellent-workers-and-wealthy-immigrants/</link>
		<comments>http://heraldk.com/en/2023/02/10/singapore-attracts-excellent-workers-and-wealthy-immigrants/#comments</comments>
		<pubDate>Fri, 10 Feb 2023 05:32:34 +0000</pubDate>
		<dc:creator><![CDATA[HeraldK]]></dc:creator>
				<category><![CDATA[Opinion]]></category>
		<category><![CDATA[attracts]]></category>
		<category><![CDATA[excellent]]></category>
		<category><![CDATA[immigrants]]></category>
		<category><![CDATA[singapore]]></category>

		<guid isPermaLink="false">http://heraldk.com/en/?p=73581</guid>
		<description><![CDATA[It is a forecast of population decline in 2100 compared to 2020 in Singapore and Korea. In other words, Singapore is down only 7%, but Korea can reduce 65%. According to the United Nations, Singapore’s population reached 5.89 million in 2020 and 5.92 million last year. After peaking at 6.41 million in 2042, the U.N. [&#8230;]]]></description>
				<content:encoded><![CDATA[<figure><img class="aligncenter" alt="" src="http://www.usasiajournal.com/wp-content/uploads/2022/11/KakaoTalk_Image_2022-07-20-08-37-39_003-1-1024x576.jpeg" width="819" height="461" /></figure>
<p>It is a forecast of population decline in 2100 compared to 2020 in Singapore and Korea. In other words, Singapore is down only 7%, but Korea can reduce 65%.</p>
<p>According to the United Nations, Singapore’s population reached 5.89 million in 2020 and 5.92 million last year. After peaking at 6.41 million in 2042, the U.N. predicted that the number will increase to 5.44 million by 2100.<br />
The Korean population, which has maintained its population due to immigration and peaked at 51.83 million in 2020, is expected to show a steady decline.</p>
<p>If the current trend continues, the Korean population is expected to fall below 18 million by 2100.<br />
As of 2018, Singapore is a “country of immigrants” where more than 40% of the total population came from abroad.</p>
<p>Malaysian is the mainstream, and Chinese immigrants are also important. Chinese people, including former Prime Minister Lee Kuan Yew, form Singapore’s elite.</p>
<p>Singapore’s population was also hit by COVID-19.</p>
<p>The Singaporean government said in its annual report, “The population of Singapore in 2020 is 4.1% less than in 2019, the largest decline since 1950.” It is interpreted as a result of the blockade measures caused by the aftermath of COVID-19.</p>
<figure><img class="aligncenter" alt="" src="http://www.usasiajournal.com/wp-content/uploads/2022/11/P1011624-1024x576.jpg" width="819" height="461" /></p>
<figcaption>OLYMPUS DIGITAL CAMERA</figcaption>
</figure>
<p>However, since April, the population inflow has been recovering after the Singaporean government lifted quarantine measures such as restrictions on entry.</p>
<p>Singapore’s daily newspaper The Straits Times analyzed, “This is because the easing of the pandemic (pandemic pandemic) has made it easier for permanent residents to enter and leave the country overseas and the recruitment of job permits smooth.”</p>
<p>The number of Singaporean citizens increased only 1.6% from 3.5 million in 2020 to 3.55 million last year, while the number of foreigners who obtained permanent residency in Singapore increased 6.3% from 490,000 to 520,000 during the same period.</p>
<figure><img class="aligncenter" alt="" src="http://www.usasiajournal.com/wp-content/uploads/2022/11/P1011611-1024x576.jpg" width="1024" height="576" /></p>
<figcaption></figcaption>
</figure>
<p>life and death in attracting talent</p>
<p>In Singapore, low birthrates and aging populations are also challenges to solve. Singapore’s total fertility rate hit a record low of 1.02 in 2020 and then recovered slightly to 1.12 last year.</p>
<p>However, it is analyzed that there is a limit to increasing the fertility rate.</p>
<p>Tan Porin, an associate professor of public policy at Lee Kuan Yew’s Graduate School of Public Policy, said, “The surest way to increase fertility is to promote immigration.”</p>
<p>In August, Singapore decided to establish a five-year employment visa for high-income foreigners and experts.</p>
<p>The move is aimed at attracting talented people who escaped during the COVID-19 blockade.</p>
<p>A five-year work visa will be issued to high-income earners with a monthly income of more than 30,000 Singapore dollars starting in January next year.</p>
<p>Professionals with outstanding performance in sports, science, and the arts are granted a work visa regardless of their income.</p>
<p>“In Singapore, where there are few natural resources, talent is the only resource,” Singapore’s Minister of Human Resources Development Tansreung explained the background of the introduction.</p>
<figure><img class="aligncenter" alt="" src="http://www.usasiajournal.com/wp-content/uploads/2022/11/KakaoTalk_Image_2022-07-19-13-32-32_003-1024x576.jpeg" width="819" height="461" /></figure>
<p>In a recent report, HSBC predicted that “Singapore will become the country with the largest number of millionaires in the Asia-Pacific region by 2030, beating Australia and Hong Kong.</p>
<p>” According to Henry &amp; Partners, an investment immigration consulting firm, Singapore is the top three countries that have accepted millionaire immigration the most along with the United Arab Emirates and Australia this year.</p>
<p>Hong Kong, which competes for the Asian financial hub, has recently taken a sharp pro-China route, predicting that more wealthy immigrants will choose to go to Singapore.</p>
<p>EJ SONG</p>
<p>ASIA JOURNAL</p>
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		<title>2023 economic outlook for the three Asian countries (Korea/Japan/China) next year</title>
		<link>http://heraldk.com/en/2022/12/29/2023-economic-outlook-for-the-three-asian-countries-koreajapanchina-next-year/</link>
		<comments>http://heraldk.com/en/2022/12/29/2023-economic-outlook-for-the-three-asian-countries-koreajapanchina-next-year/#comments</comments>
		<pubDate>Thu, 29 Dec 2022 05:16:35 +0000</pubDate>
		<dc:creator><![CDATA[HeraldK]]></dc:creator>
				<category><![CDATA[Opinion]]></category>
		<category><![CDATA[World]]></category>
		<category><![CDATA[2023]]></category>
		<category><![CDATA[Asian]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[economic]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[korea]]></category>

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		<description><![CDATA[(Source from Reuters/Alamy) The global economic outlook has become quite dark as central banks of each country implemented tight monetary policies to curb record inflation.The IMF lowered its global economic growth forecast for this year in a report on the global economic outlook released in April, and predicted a further decline in July.International Monetary Fund [&#8230;]]]></description>
				<content:encoded><![CDATA[<figure><img class="aligncenter" alt="" src="http://www.usasiajournal.com/wp-content/uploads/2022/12/0E5C663A-6C3D-4223-917A-48139FD31A13-1024x683.jpg" width="819" height="546" /></p>
<figcaption>(Source from Reuters/Alamy)<br />
</figcaption>
</figure>
<p>The global economic outlook has become quite dark as central banks of each country implemented tight monetary policies to curb record inflation.The IMF lowered its global economic growth forecast for this year in a report on the global economic outlook released in April, and predicted a further decline in July.International Monetary Fund (IMF) President Kristalina Georgieva on the 6th (local time) cited the global spread of inflation, real interest rate hikes, slowing Chinese economic growth, and tougher sanctions against Russia over the invasion of Ukraine as threats to economic slowdown.He warned, “The global economic outlook has become darker since April,” adding, “The global economic downturn could hit next year.” “We are in a very rough sea,” he said, when asked if he could rule out a global recession, he replied, “The risk is growing, so we cannot rule it out.” Recent economic data show that some large economies, including China and Russia, contracted in the second quarter, pointing out that the risk is even higher in 2023.He said, “22 will be a tough year. But 2023 will be more difficult, he said, noting that while the long-lasting fiscal tightening will complicate the global economic outlook, it is important to control soaring prices.He said slowing economic growth may be a “payoff price” considering the urgent and urgent need to restore price stability. The Federal Reserve (Fed), the U.S. central bank struggling with high prices, raised its key interest rate by 0.75 percentage point last month, the largest amount in 28 years, to curb prices.In other words, it is a drastic prescription to tighten the money supply in the market, and there have been strong concerns that such a policy to curb prices will lead to an economic recession.Georgieva pointed out that the economic outlook is more multidimensional than two years ago, so energy exporters such as the United States are on a better footing, but importers are struggling.He went on to say that the IMF will lower its outlook for global economic growth in 2022 in the next few weeks, adding that it is currently finalizing the figure adjustment.Amid this gloomy outlook, South Korea is selling more than $3 billion worth of fighter jets and weapons to Poland in the aftermath of the Russian-Ukraine war.</p>
<figure><img class="aligncenter" alt="" src="http://www.usasiajournal.com/wp-content/uploads/2022/12/66170C1F-8B95-4A30-908E-ECF53640A4BD-1024x683.jpeg" width="1024" height="683" /></p>
<figcaption>(Source from Reuters/Alamy)<br />
</figcaption>
</figure>
<p>Japan is seeking a comeback as a semiconductor cooperation system by joining forces with the government, and China is also trying to wage a war with Taiwan, shouting for one China in the third period of the Xi Jinping administration.In addition, it is creating a confrontation with the U.S. economy and military.These three countries also have beneficial foreign policies against North Korea and securing energy in many ways.South Korea and China are currently facing a series of unsold construction companies and development builders are struggling to fast on funds due to a slump in real estate and high interest rates, and are blocking oppression and external reporting with a blockade, calling for a labor strike (Korea). Japan’s economy contracted unexpectedly for the first time in a year in the third quarter of this year amid global recession risks, weak yen and rising import costs, hurting household consumption and businesses, adding to uncertainty about future prospects.Japan’s economy, the world’s third-largest, has been struggling despite the recent lifting of Corona controls, and pressure is intensifying due to hot global inflation, rapid interest rate hikes around the world, and the Ukrainian war.According to official data, GDP fell 1.2 percent at an annual rate during the three-quarter annual rate.This compares with a 1.1% increase predicted by economists and a 4.6% increase in corrections in the second quarter. This was interpreted as a 0.3% decrease on a quarterly basis, contrary to the forecast of 0.3% growth.In addition to being pressured by the global economic downturn and soaring inflation, Japan is dealing with the yen’s depreciation against the dollar to its lowest level in 32 years.The yen has raised prices for everything from fuel to food. All three countries are in a dark situation, but I wonder what kind of thoughts and situations the people will have</p>
<p>JENNIFER KIM</p>
<p>ASIA JOURNAL</p>
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		<title>Semiconductor Wars between the United States and China</title>
		<link>http://heraldk.com/en/2022/10/28/semiconductor-wars-between-the-united-states-and-china/</link>
		<comments>http://heraldk.com/en/2022/10/28/semiconductor-wars-between-the-united-states-and-china/#comments</comments>
		<pubDate>Fri, 28 Oct 2022 06:09:31 +0000</pubDate>
		<dc:creator><![CDATA[HeraldK]]></dc:creator>
				<category><![CDATA[Opinion]]></category>
		<category><![CDATA[World]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[confrontation]]></category>
		<category><![CDATA[furnace]]></category>
		<category><![CDATA[rss]]></category>
		<category><![CDATA[sharp]]></category>
		<category><![CDATA[U.S.]]></category>

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		<description><![CDATA[In July, a somewhat shocking report was posted on &#8220;Tech Insight,&#8221; a semiconductor analysis agency. It was said that SMIC, China&#8217;s leading foundry (semiconductor consignment production) company, mass-produced SoC (System on Chip) made with 7-nano process and supplied it to Bitcoin mining companies in Canada. This report has made the White House quite nervous The [&#8230;]]]></description>
				<content:encoded><![CDATA[<p><a href="http://heraldk.com/en/wp-content/uploads/sites/2/2022/10/스크린샷-2022-10-25-오후-4.21.16.png"><img class="aligncenter size-full wp-image-73522" alt="스크린샷 2022-10-25 오후 4.21.16" src="http://heraldk.com/en/wp-content/uploads/sites/2/2022/10/스크린샷-2022-10-25-오후-4.21.16.png" width="1243" height="948" /></a></p>
<p><span style="font-size: 1em">In July, a somewhat shocking report was posted on &#8220;Tech Insight,&#8221; a semiconductor analysis agency. It was said that SMIC, China&#8217;s leading foundry (semiconductor consignment production) company, mass-produced SoC (System on Chip) made with 7-nano process and supplied it to Bitcoin mining companies in Canada. This report has made the White House quite nervous The U.S. blocked all high-tech ultraviolet (EUV) exposure equipment to China (manufactured by ASML, the Netherlands), but it was not something to let go of that SMIC succeeded in the 7-nano process over 10-nano process. In fact, it is an open secret in the semiconductor industry that Intel has not properly settled on the 7-nano process. What if Intel catches up with a Chinese company, not Samsung Electronics (005930), TSMC? It&#8217;s a really &#8216;horrible&#8217; scenario for the United States. Last week, about three months after that, the Joe Biden administration really announced a regulation on exports of megaton class semiconductors to China&#8221;There was a technical loop where Huawei, a blacklist company, could just use semiconductors from foreign companies using U.S. technology This concept of &#8220;blocking exports of products from overseas companies using U.S. technology or software&#8221; was introduced in earnest at this time. It&#8217;s a very complicated and extensive case of U.S. export control. It&#8217;s also the regulation of Russia after the Ukrainian war that this model has been applied The U.S. announced regulations on exports of semiconductors to China on the 7th can be seen as a massive expansion of Huawei&#8217;s regulations two years ago. Until now, if the U.S. has regulated China&#8217;s emerging technology companies such as Huawei, ZTE, and SMIC, or the system semiconductor field of 10 nanometers or less to prevent the inflow of core technologies. Now we&#8217;ve created a very broad regulatory framework for the entire Chinese semiconductor industry Let&#8217;s take a look at the regulatory items announced this time. </span></p>
<p><a href="http://heraldk.com/en/wp-content/uploads/sites/2/2022/10/B588E0BF-185B-4A19-82AC-9BA671F24EDA.jpg"><img class="aligncenter size-full wp-image-73523" alt="China flag on a processor, central processing unit CPU or microchip on a motherboard. Concept for the battle of global microchips production between C" src="http://heraldk.com/en/wp-content/uploads/sites/2/2022/10/B588E0BF-185B-4A19-82AC-9BA671F24EDA.jpg" width="7206" height="2718" /></a></p>
<p><span style="font-size: 1em">▲ Dram under 18 nanometers ▲ 128-speed NAND flash ▲ 16-nano logic semiconductor with non-surface transistor structures such as pinpets or gaffets ▲ Export of logic semiconductor technology and production equipment under 14 nanometers is controlled Foreign Direct Production Regulations (FDPR), or &#8220;Huawei Regulations,&#8221; that control the export of products using U.S. technology and software, will be introduced in all directions in the sanctions If you look at this, you can clearly see the difference from before. The first is to block the inflow of all equipment necessary for high-tech semiconductor manufacturing into China as well as EUV exposure equipment, which is the core of semiconductor microprocessing.</span></p>
<p><a href="http://heraldk.com/en/wp-content/uploads/sites/2/2022/10/스크린샷-2022-10-25-오후-4.56.36.png"><img class="aligncenter size-full wp-image-73524" alt="스크린샷 2022-10-25 오후 4.56.36" src="http://heraldk.com/en/wp-content/uploads/sites/2/2022/10/스크린샷-2022-10-25-오후-4.56.36.png" width="1441" height="965" /></a></p>
<p><span style="font-size: 1em"> Second, it is to expand not only system semiconductors but also memory semiconductors to be regulated. Third, if the technology developed in the U.S. is used, it will be controlled regardless of nationality. In the case of the Chinese semiconductor industry, the technology to renovate and recycle existing used equipment is very developed. There are also a lot of equipment that are used in common between DRAM, which is a real memory semiconductor, and logic, or system semiconductor process. This is why it prevents the influx of technology and equipment into leading memory semiconductor companies in China, such as Yangtze Memory It can be seen as sending a clear message to allies around the world, saying, &#8220;Now everyone join the public semiconductor war.&#8221; At least in the high-tech semiconductor field, it also seems to mean &#8220;Be prepared to close your business in China.&#8221; Korea and Taiwan should be most nervous Recently, there is a new book that draws attention from the U.S. media. It&#8217;s a book by American economic historian Chris Miller. The Chip War. Chip War. Like the title of this book, the gunless war over semiconductors, the &#8220;world&#8217;s most decisive technology,&#8221; has begun. Some analysts say that what should be noted in this situation is China rather than the United States. Will China&#8217;s semiconductor industry be able to survive in this U.S. omni-directional regulation? China&#8217;s so-called &#8220;semiconductor independence&#8221; could be another huge threat to us.</span></p>
<p>&nbsp;</p>
<p>TED PARK</p>
<p>ASIA JOURNAL</p>
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		<title>200 Years of Cultural Exchange and Peace by Joseon Dynasty Diplomatic Missionaries</title>
		<link>http://heraldk.com/en/2022/10/26/200-years-of-cultural-exchange-and-peace-by-joseon-dynasty-diplomatic-missionaries/</link>
		<comments>http://heraldk.com/en/2022/10/26/200-years-of-cultural-exchange-and-peace-by-joseon-dynasty-diplomatic-missionaries/#comments</comments>
		<pubDate>Wed, 26 Oct 2022 05:57:56 +0000</pubDate>
		<dc:creator><![CDATA[HeraldK]]></dc:creator>
				<category><![CDATA[Korea Town]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[korea]]></category>
		<category><![CDATA[Missionaries]]></category>
		<category><![CDATA[rss]]></category>
		<category><![CDATA[society]]></category>
		<category><![CDATA[south korea]]></category>

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		<description><![CDATA[Currently, relations between Korea and Japan are politically strained, but due to the boom of K-culture, the Japanese have a lot of cultural familiarity with Korea. I feel that this is similar to the era when cultural exchanges were held by a cultural mission called the “Joseon Tongsinsa“ (Joseon Dynasty Diplomatic Missionaries) after the Japanese [&#8230;]]]></description>
				<content:encoded><![CDATA[<figure><img class="aligncenter" alt="" src="http://www.usasiajournal.com/wp-content/uploads/2022/10/%E1%84%8C%E1%85%A9%E1%84%89%E1%85%A5%E1%86%AB%E1%84%90%E1%85%A9%E1%86%BC%E1%84%89%E1%85%B5%E1%86%AB%E1%84%89%E1%85%A1.%E1%84%92%E1%85%A2%E1%86%BC%E1%84%85%E1%85%A7%E1%86%AF%E1%84%83%E1%85%A9@%E1%84%8B%E1%85%A6%E1%84%83%E1%85%A9.jpg" width="717" height="545" /></figure>
<p>Currently, relations between Korea and Japan are politically strained, but due to the boom of K-culture, the Japanese have a lot of cultural familiarity with Korea.</p>
<p>I feel that this is similar to the era when cultural exchanges were held by a cultural mission called the “Joseon Tongsinsa“ (Joseon Dynasty Diplomatic Missionaries) after the Japanese Invasion of Korea (1592-1598).</p>
<p>About 400 years ago, at the request of Japan, a cultural mission was sent from Korea (Joseon at the time) 12 times over 200 years (1607-1811).</p>
<p>” Joseon Tongsinsa ” refers to a diplomatic mission sent by the king of Joseon to Shogunate, the de facto supreme ruler of Japan, from 1428 to 1811, at the request of Japan.</p>
<p>In the early Joseon Dynasty, ” Joseon Tongsinsa ” was dispatched from Joseon to Japan, and “Japanese King’s History” was dispatched from Japan to Joseon, and when the cultural mission resumed, only the cultural mission of Korea was dispatched.</p>
<p>It took about six months to a year for the ship’s first dispatch.</p>
<p>It was a distance equivalent to 2,294km one way from Seoul, through Andong and Busan, to Nagasaki, Osaka, Kyoto, Nagoya, and Tokyo.</p>
<p>The delegation included three high-ranking officials, scholars and writers, high-ranking officials and clerks in charge of diplomatic documentation and poetry creation, doctors in charge of patient treatment, musicians in music, horse-riding performers, and painters in Joseon.</p>
<figure><img alt="" src="http://www.usasiajournal.com/wp-content/uploads/2022/10/%E1%84%86%E1%85%A1%E1%84%89%E1%85%A1%E1%86%BC%E1%84%8C%E1%85%A2.%E1%84%8C%E1%85%A1%E1%86%BC%E1%84%86%E1%85%A7%E1%86%AB@%E1%84%8B%E1%85%A6%E1%84%83%E1%85%A9.jpg" width="560" height="227" /></figure>
<p>As such, the Joseon Tongsinsa, which consists of 400 to 500 people with talents representing Joseon in each field, was already a cultural mission in itself that included cultural exchange capabilities and was Korea’s first Hallyu stars.</p>
<p>Meanwhile, at that time, Japan was restricted from contact with foreign cultures due to a closed country system.</p>
<p>Therefore, from high-ranking officials to scholars, artists, and the public, curiosity about foreign countries and expectations and aspirations for advanced culture were high, so they warmly welcomed the visit of the Joseon Tongsinsa.</p>
<p>Scholars and artists from small cities, who had relatively few opportunities to enjoy high-end culture as well as large cities, stayed overnight to visit accommodations where Joseon Tongsinsa stayed and actively interacted.</p>
<figure><img class="aligncenter" alt="" src="http://www.usasiajournal.com/wp-content/uploads/2022/10/%E1%84%8C%E1%85%A9%E1%84%89%E1%85%A5%E1%86%AB%E1%84%90%E1%85%A9%E1%86%BC%E1%84%89%E1%85%B5%E1%86%AB%E1%84%89%E1%85%A1.%E1%84%92%E1%85%A2%E1%86%BC%E1%84%85%E1%85%A7%E1%86%AF@2016.%E1%84%83%E1%85%A2%E1%84%86%E1%85%A1%E1%84%83%E1%85%A9%E1%84%92%E1%85%A2%E1%86%BC%E1%84%89%E1%85%A1.jpg" width="716" height="478" /></figure>
<p>The people, whose access to the Joseon Tongsinsa was limited, were also willing to accept foreign culture in their lives without missing a rare opportunity in decades.</p>
<p>Telecommunication companies left many works such as calligraphy and poetry at each destination, and they are said to be in the form of folding screens and prints.</p>
<p>About 400 years ago, during the 200 years (1607-1811), when Korean Wave stars spread culture to Japan, Korea-Japan relations were better than ever.</p>
<p>As such, cultural exchange is important, and cultural exchange should be continued separately from politics. In the meantime, we reflect on the fact of history that each other develops.</p>
<p>MIKE CHOI<br />
ASIA JOURNAL</p>
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		<title>LA Times Asia Journal&#8217;s coverage in the year for connection</title>
		<link>http://heraldk.com/en/2020/12/29/la-times-asia-journals-coverage-in-the-year-for-connection-2/</link>
		<comments>http://heraldk.com/en/2020/12/29/la-times-asia-journals-coverage-in-the-year-for-connection-2/#comments</comments>
		<pubDate>Tue, 29 Dec 2020 09:19:02 +0000</pubDate>
		<dc:creator><![CDATA[HeraldK]]></dc:creator>
				<category><![CDATA[Opinion]]></category>

		<guid isPermaLink="false">http://heraldk.com/en/?p=72644</guid>
		<description><![CDATA[As the COVID-19 pandemic wore on during the whole year, the calendar finally professes that 2020 is coming to a close. This year – even more than others – has changed so much of our lives, with devastating large-scale losses of life and economic downturns globally, but also positive experiences for others, including growth and [&#8230;]]]></description>
				<content:encoded><![CDATA[<p><!-- wp:paragraph --></p>
<p>As the COVID-19 pandemic wore on during the whole year, the calendar finally professes that 2020 is coming to a close. This year – even more than others – has changed so much of our lives, with devastating large-scale losses of life and economic downturns globally, but also positive experiences for others, including growth and unexpected success for some business industries. And we could get an enormous amount of lessons in between; deeply upon how they’ve grown and how they can leverage that learning in today’s uncertain business landscape.</p>
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<p>As covering the business ecosystem in East Asia, reporters of the Los Angele Times Asia Journal have met on average more three CEOs of Korean companies every week over the course of year, and selected fourteen companies out of them to get them into the newspaper. The business change that reporters caught was that technology has been fundamental for companies to further development. Half of fourteen companies we covered were IT solutions for better healthcare, and six of them were using artificial intelligence (AI). The pandemic has pushed health and wellness services online, and technologies such as IoT, AI, and Big Data seems to be the order of the day across various sectors such as mobility, education, manufacturing, e-commerce, communication, health, insurance, finance, and many others.</p>
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<p>At the same time, what the LA Times Asia Journal found is that it was more challenging for small and medium-sized enterprises (SMEs) and startups to overcome the crisis on their own because of higher levels of vulnerability and lower resilience related to their size. SMEs usually have a more limited number of suppliers. The Organisation for Economic Co-operation and Development (OECD) explains that ‘some SMEs are vulnerable to the disruption of business networks and supply chains, with connections with larger operators and the outsourcing of many business services critical to their performance.’ Furthermore, over the longer term, it may be difficult for small enterprises to re-build connections with former networks, once supply chains are disrupted and former partners have set up new alliances and business contracts.</p>
<p><!-- /wp:paragraph --> <!-- wp:image {"id":73379,"width":697,"height":481,"sizeSlug":"large"} --></p>
<figure><img alt="" src="http://dev.usasiajournal.com/wp-content/uploads/2020/12/캡션-Top-5-industries-of-companies-LA-Times-Asia-Journal-covered-in-2020.png" width="697" height="481" /><br />
<figcaption>Top 5 industries of companies LA Times Asia Journal covered in 2020</figcaption>
</figure>
<p><!-- /wp:image --> <!-- wp:paragraph --></p>
<p>By giving mainly coverage on SMEs and startups, which are conceived as one of the major growth engines in the future for the country, LA Times Asia Journal now aims to connect them with global partners and companies. In 2020, especially, LA Times Asia Journal established a network platform with Japanese companies by making a formal contract with three companies: Elematec, AdRobo, and Medicaraise. Moreover, to become a global top network partner, Los Angeles Times Asia Journal will continuously expand its partnerships in order to maximize synergy and bridge the gap between the international companies. Several companies – Tokai-Electronics, Marubun Corp, Katase, Yamae hisano, Siroca, and Nexty – are showing their interests to work with the LA Times Asia Journal.</p>
<p><!-- /wp:paragraph --> <!-- wp:paragraph --></p>
<p>We have a deep need for connection now more than ever before. Los Angeles Times Asia Journal can help to meet that need through our media and network platform. As a global network partner, Los Angeles Times Asia Journal is establishing the network platform between global partners and companies, which will enable sharing of various ideas, experiences, and business cooperation. By introducing a new approach, Los Angeles Times Asia Journal will create new and differentiated value for all possible players.</p>
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<p>&nbsp;</p>
<p><!-- /wp:paragraph --> <!-- wp:paragraph --></p>
<p>Kayla Hong</p>
<p><!-- /wp:paragraph --> <!-- wp:paragraph --></p>
<p>Asia Journal</p>
<p><!-- /wp:paragraph --> <!-- wp:paragraph --></p>
<p>(Los Angeles Times Advertising Supplement)</p>
<p><!-- /wp:paragraph --></p>
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