News about Korea, Economy, Technology, Politics, Military, Travel, Cuisine...

09 Sep

Population of Korea, Size of Korea’s economy in The world, Korea’s influence in the field of technology

Nguyen Johnny0 CommentsKoreanKorea

The population of South Korea (officially known as the Republic of Korea) is approximately 51 million people. However, please note that population figures can change over time, so it's advisable to refer to the latest official sources for the most up-to-date information. In terms of the size of its economy, South Korea has one of the largest economies in the world. It is considered one of the major advanced economies and is a member of the Organization for Economic Cooperation and Development (OECD). As of 2021, South Korea's economy ranks around the 12th to 15th largest in the world, depending…

08 Sep

What are some of the major factors that have contributed to the Republic of Korea’s recent growth slowdown?

Xenia0 CommentsKoreanAsia, China, Economic, Korea

Several major factors have contributed to the Republic of Korea's recent growth slowdown. Here are some of the key factors: Sluggish Global Demand: The Republic of Korea is heavily reliant on exports, particularly in the manufacturing sector. The global economic slowdown and weakened demand from major trading partners, such as China and the United States, have had a significant impact on the country's export-oriented economy. Reduced demand for Korean goods and services has led to lower growth rates. Structural Challenges: The Republic of Korea has faced structural challenges that have hindered its growth potential. The economy has been grappling with…

08 Sep

What do you know about the Korean economy in the 1960?

Xenia0 CommentsKoreanKorea

The Republic of Korea has had a remarkable economic performance since the early 1960s, achieving per capita income of $27,000 to become the world's eighth-largest trading nation. However, the economy's recent growth performance has been rather disappointing. Gross domestic product (GDP) growth averaged only 4.1% during 2000-2010, marking a significant drop from the average of 7.9% achieved during 1960-2000. Moreover, from 2011 to 2015, the Republic of Korea's GDP growth averaged only 3.0%. The Organisation for Economic Co-operation and Development (OECD) (2014a) has projected a further decline in the country's growth rate to around 2.0% in the coming decade. Some…

06 Sep

The advantages of using lithium-ion batteries in LG’s energy storage systems

We say0 CommentsKorean, TECHNOLOGYKorea, Technology

Lithium-ion batteries offer several advantages in LG's energy storage systems. Here are a few key advantages: High Energy Density: Lithium-ion batteries have a higher energy density compared to other commonly used battery technologies. This means they can store more energy in a smaller and lighter package, allowing for more compact and space-efficient energy storage systems. Long Cycle Life: Lithium-ion batteries can endure a large number of charge and discharge cycles without significant capacity degradation. This extended cycle life ensures longer-lasting energy storage systems, reducing the need for frequent battery replacements and lowering overall costs. Fast Charging and Discharging: LG's lithium-ion…

06 Sep

Information about LG’s energy storage systems

We say0 CommentsKorean, TECHNOLOGYKorea

LG Corporation offers energy storage systems (ESS) as part of its energy solutions portfolio. LG's ESS are designed to provide reliable and efficient energy storage solutions for various applications, including residential, commercial, and utility-scale projects. Here are some key aspects of LG's energy storage systems: Battery Technology: LG utilizes advanced lithium-ion battery technology in its energy storage systems. The batteries are known for their high energy density, long cycle life, and stable performance. LG's ESS batteries are designed to deliver reliable and efficient energy storage, enabling users to optimize their energy consumption and reduce their reliance on the grid. Residential…

06 Sep

Some notable products or services offered by LG Corporation

We say0 CommentsKoreanKorea

In addition to its presence in electronics, LG Corporation offers a wide range of notable products and services across various sectors. Here are some examples: Home Appliances: LG is known for its innovative and high-quality home appliances. It manufactures and sells a diverse range of products, including refrigerators, washing machines, dryers, dishwashers, air conditioners, vacuum cleaners, and kitchen appliances like ovens and microwave ovens. LG's home appliances are recognized for their advanced features, energy efficiency, and sleek designs. Televisions and Displays: LG Electronics is a major player in the television and display industry. It offers a range of televisions, including…

06 Sep

Information about the global presence of Hyundai Motor Group

We say0 CommentsKoreanKorea

Hyundai Motor Group, one of the largest automobile manufacturers in South Korea, has a significant global presence. The group comprises Hyundai Motor Company and Kia Corporation, both of which have established themselves as prominent automotive brands worldwide. Here are some key aspects of their global presence: Sales and Manufacturing: Hyundai and Kia have a strong presence in several major markets around the world, including the United States, Europe, China, India, and Southeast Asia. They have established manufacturing plants in various countries to cater to local demand and reduce production costs. For example, Hyundai has manufacturing facilities in the United States,…

06 Sep

Top 15 famous Korean companies

We say0 CommentsKoreanAsia, Korea

Here is a list of major Korean companies and corporations, along with a brief description of each: Samsung Group: Samsung is a multinational conglomerate and one of the largest and most well-known companies in South Korea. It operates in various industries, including electronics, shipbuilding, construction, and more. Samsung Electronics, a subsidiary of Samsung Group, is particularly renowned for its smartphones, televisions, and other consumer electronics. Hyundai Motor Group: Hyundai Motor Group is a leading automobile manufacturer in South Korea. It comprises Hyundai Motor Company and Kia Corporation. The group produces a wide range of vehicles, including cars, SUVs, and electric…

06 Sep

List of 30 famous Korean dishes

We say0 CommentsKoreanFoods, Korea

Here is a list of 30 famous Korean dishes, along with a detailed description of each type of dish: Kimchi (김치): Kimchi is a traditional Korean dish made from fermented vegetables, most commonly cabbage. It is seasoned with chili pepper, garlic, ginger, and other spices. The result is a spicy, tangy, and slightly sour flavor. Kimchi is often served as a side dish and is a staple in Korean cuisine. Bibimbap (비빔밥): Bibimbap translates to "mixed rice" in Korean. It consists of a bowl of steamed rice topped with various sautéed and seasoned vegetables, meat (such as beef or chicken),…