Blog

24 Sep 2015

The Taiwanese government announced on September 22nd that 50 million US dollars will be invested in the development of fifth-generation (5G) technology, given that Taiwan is a pioneer in the 5G area and is committed to the development of 5G technology.

08 Oct 2015

The government is taking its deregulatory mode to a new level by considering the establishment of “regulation-free” business zones to boost the economy and to develop other zones aside of Seoul and its surrounding areas. 

10 Nov 2015

South Korea for years was the country famously dominated by large conglomerates, as these laid the foundations for the country’s tigerish successes. But today, the country is now badly in need of structural reform. Many start-ups didn’t survive the 2008 crisis.

28 Oct 2015

Taiwan ranked sixth in the world in terms of the number of patents acquired for digital data processing and information equipment – two important technologies in industry 4.0, which is a collective term embracing a number of contemporary automation, data exchange, and manufacturing technologies.

Taiwan has invested more in patent technologies of electrical machinery and energy, semiconductors and machine tools.

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21 Dec 2015

With more than half of the world’s population and several emerging economies, Asia is all set to become the main driver of growth for the rest of the world. All these trends of urbanization are fueling growth for the security industry, cities are getting larger and more populated.

30 Dec 2015

Facebook Inc. plans to set up its first Asia Pacific data center in Changhua County, central Taiwan.  Facebook's data center will be located in a site beside Changhua High-speed Rail Station. The social media company is joining Google that built the data center in the same county in Taiwan two years ago.

20 Jan 2016

The Ministry of Science, ICT and Future Planning will set aside $3.35 billion ($3.94 trillion) to fund research and development projects for science, technology and information and communications technology in 2016. Around 2.96 trillion will be invested in the science and technology sectors while the remaining 980 billion won will be spent on ICT projects.

29 Jan 2016

Taiwan was listed in the No. 2 spot among the freest countries in Asia, in Freedom House's 2016 "Freedom in the World" report.

In the report's 100-point scoring system, Taiwan scored 89, second in Asia only to Japan (96) and ahead of Mongolia (86), South Korea (83) and India (77).

20 Nov 2015

President Ma Ying-jeou stated that the government plans to spend US$1.1 billion over the next nine years under the Productivity 4.0 Project that was introduced in July to improve Taiwan's economy. 

Taiwan's industries have a competitive edge in the areas of automation, use of internet combined with electronization, big data, and smart manufacturing technologies.

21 Apr 2017
With 1.86 billion monthly active users as of December 2016, Facebook is the world’s largest social-media network. But in Taiwan, Facebook is unusually dominant: its penetration rate (the proportion of internet users with Facebook accounts) here is 82%, higher than anywhere else in the world.
Internet users in Taiwan typically use just one or two mobile apps on a regular basis, and the two most popular apps here are Line and Facebook Messenger.
 
 

21 Jul 2017

DBS projected Taiwan's 2018 GDP growth at 2.3 percent and said its forecast may be upgraded based on the effects of the next generation iPhones on the economy. Apple's new iPhones are expected to help drive Taiwan's economy in 2017 and 2018 as waves of replacement are likely on their release because of significant upgrades.

18 Jan 2017

South Korea is still the world's most innovative economy, according to the 2017 Bloomberg Innovation Index

Bloomberg's proprietary index ranks countries according to research and development spending, value-added manufacturing, patent activity, high-tech density, higher education, productivity, research concentration and other factors.

27 May 2016

With a 55 percent recycling rate, Taiwan is one of the better nations at recycling well above the US 35 per cent recycling rate. Once dubbed “Garbage Island,” Taiwan’s place as a champion recycler is the result of year’s long effort.

09 Jan 2015

The American Chamber of Commerce (AmCham) in Taipei released its fifth annual 2015 Business Climate Survey showing a wide variety of data and forecasts, most notably that 83 percent of AmCham members are in support of Taiwan joining the Trans-Pacific Partnership (TPP).

29 Jan 2015

Taiwan has risen three notches to rank 14th among the 186 countries in the world in the Heritage Foundation's Index of Economic Freedom for 2015. Within the Asia Pacific region, Taiwan finished fifth among the 42 countries covered, trailing only Hong Kong, Singapore, New Zealand, and Australia, and Taiwan's score was well above the world average.

25 Feb 2015

As an engineering major at Seoul’s Yonsei University, Yoon Ja-young was perfectly poised to follow the secure, lucrative and socially prized career path long favored by South Korea’s elite graduates. However, the idea of corporate life in an industrial giant like Samsung simply did not appeal. In her final year at college, Yoon, now 26, created a Pinterest-style image-sharing app, StyleShare, for fashion-conscious young women. 

13 Feb 2015

Korea remained the biggest exporter to China for the second consecutive year, outrunning major competitors like Japan and the United States thanks to strong demand for Korean industrial products, including computer chips and automotive parts.

27 Mar 2015

Taiwan is expected to be the third biggest winner in global trade this year, according to recent surveys by Bloomberg News covering 75 countries and territories.Bloomberg ranked the winners in global trade based on surpluses in their current accounts — a broad measure of trade in goods and services — as a percentage of GDP.

24 Apr 2015

Taiwan is to become the seventh nation in the world, and the second in Asia, to start facilitating crowdfunding for entrepreneurs trying to start new companies, with the Financial Supervisory Commission (FSC) to complete operational procedures for related regulations by the end of this month.

16 Apr 2015

The South Korean trade balance for beauty products was in surplus for the first time last year. According to South Korea’s customs office, cosmetics exports reached 1.92 billion dollars in 2014, that is, an increase of 50.4% over the previous year.Korean cosmetics manufacturers have patiently built their reputation by relying upon a highly competitive but quickly growing domestic market.

08 May 2015

The government of South Korea plans to open up more local industries to foreign companies and cut red tape in greenbelt land use in its efforts to boost sagging foreign direct investment and revive the economy.

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