Blog

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.

22 May 2015

Smart Sheriff and at least 14 other apps allow parents to monitor how long their kids use their smartphones, how many times they use apps and which Web sites they visit. In South Korea, the apps have been downloaded at least 480,000 times and the number is likely to go up.

13 Mar 2015

Taiwan plans to issue a special resident visa for foreign entrepreneurs involved in startups to better compete for international talent.The new visa is expected to be introduced during 2015's second quarter, as part of the government's plan to transform Taiwan into an incubator of new businesses.

19 Mar 2015

The South Korean Ministry of Science, ICT and Future Planning, the Ministry of Trade, Industry and Energy, and other local agencies have announced plans to invest $300 million in fostering biotechnology over the course of 2015 in order to produce five globally viable products by 2017.

22 Apr 2016

Taiwan’s level of journalistic freedom leads its East Asian counterparts, the annual World Press Freedom Index report released by Reporters Without Borders (RWB) showed, with Taiwan staying at No. 51 for the second year.

Media freedom in countries in the Asia-Pacific region had either deteriorated or stagnated, the report said. It also highlights that there has been a decline in media freedom the world over, with the trend particularly worrisome in Latin America.

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