[Graphic News] Export prices post worst fall in 9 months

The monthly export prices fell to a nine-month low in October on the back of a stronger won against the greenback, the South Korean central bank said on Tuesday. The October export price index fell to 82.12, down 3.5 percent from a month ago, and down 6.2 percent from a year ago, Bank of Korea data revealed. This is the sharpest fall since January with 4.3 percent. The October import price index also fell to 78.42, down 3 percent from a month ago, posting the fastest monthly drop since January’s

Nov. 10, 2015

[Graphic News] Seoul, Beijing to collaborate on vision of transcontinental networks

South Korea and China on Saturday agreed to strengthen bilateral cooperation on their shared vision of building logistics, trade and infrastructure networks that connect Asia, Europe and Africa.Citing similarities between Seoul’s “Eurasia Initiative” and Beijing’s “Belt and Road Initiative,” the two sides said they would collaborate in a wide range of fields including policy formulation, infrastructure connectivity, investments and trade promotion, and financial cooperation. The agreement was si

Foreign AffairsNov. 1, 2015

[Graphic News] TVs screens getting bigger

The average screen size of TV sets to be sold in markets is expected to surpass 40 inches next year for the first time, data indicated Monday.According to market researcher IHS, the average TV screen size is estimated to reach 40.8 inches next year from 39.4 inches this year.Market analysts said this trend in favor of a bigger screen sizes reflects consumers‘ growing preference for high-definition premium TVs.By region, North America will likely top average TV screen sizes with 44.5 inches, foll

TechnologyOct. 26, 2015

[Graphic News] Major countries face deflation

The world economy is experiencing deflation due to falling prices of raw materials and a slowdown in growth. According to Global Finance magazine Wednesday, the inflation rate measured by the consumer price index in major countries has fallen below zero or remained at that level in September compared to the same period last year.Inflation rate in the eurozone fell into negative territory, at -0.1 percent, for the first time since March this year. U.K. also recorded the same rate as that of the e

World NewsOct. 21, 2015