Browsing: South Korea

Mozambique, during the years 2000 to 2015, had one of the highest rates of economic growth in Sub-Saharan Africa.

This is according to data collected by the World Bank and presented in the multilateral institution’s website. This remarkable economic growth during this period was driven by the country’s natural resources of arable land, water, energy, mineral resources and newly discovered offshore natural gas.

Mozambique is host to 3 large deep-sea ports and a large pool of labor. The country shares borders with Tanzania, Malawi, Zambia, Zimbabwe, South Africa and Eswatini. Its long Indi...

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South Korea or the Republic of Korea has achieved what the World Bank describes as remarkable success in combining rapid economic growth with significant poverty reduction.

That country’s government’s policies resulted in real gross domestic product growth between 1988 to 2019 of 5.45% on average. This superlative economic growth feat was fueled by growing exports in pursuit of an export-driven growth strategy. In the 31 years from 1988 to 2019, Korea was able to grow its exports on average by 9.27% annually. Additionally, Korea’s gross national income (GNI) per capita increased rapidly from US$67 in the early 1950s to US$33,790 in 2019.

The country used to be a recipient of aid but through the growth of its economy, it has become a member of the Development Assistance Committee of the Organization for Economic Cooperation and Development (OECD) in 2009.

How South Korea Developed Economically

South Korea’s economic development from its …

As the initial cases of Coronavirus were bubbling under in China, a special event was happening in a Nairobi hotel. Safaricom, the biggest telco is the East African region was signing a deal that would allow South Korean telco Korean Telcom (KT) to introduce an epidemiological tracing technology in Kenya.

The two entities joined together with the Ministry of Health to launch disease surveillance and awareness project that will enhance the country’s epidemic preparedness and control.  Safiri Smart is part of Korea Telecom’s Global Epidemic Prevention Project and is aimed at helping the Ministry of Health prevent the transmission of infectious diseases such as Ebola from entering Kenya.

“This solution will see Safaricom subscribers who opt into the service receive important information about any epidemics that have broken out at their travel destination including prevention, measures, and symptoms. Such partnerships that help keep our communities safe are crucial in our …

South Korea has managed to maintain its first position on 2018 Bloomberg Innovation Index for the fifth consecutive year.

The 2018 Bloomberg Innovation Index results published on January 22, 2019 which compiles the index based on data from sources including the World Bank (WB), International Monetary Fund (IMF) and Organization for Economic Co-operation and Development (OECD), credits South Korea`s top ranking to Samsung. The electronics giant is South Korea`s most valuable company and has received more US patents than any company other than IBM since the start of the millennium.

This innovation trickles down the supply chain throughout South Korea`s economy. It was divided into seven assessment categories namely, research and development (R&D), manufacturing, Hi-tech density showing the number of domestic high-tech companies, tertiary efficiency showing the total enrollment in tertiary education, research personnel and activity showing resident patent filings, total patent grants and patents in force per million population.…