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WKF: Globalization to evolve in the form of mini or ally-s...

2022.09.22

[Photo by MK DB]Globalization will likely pan out in different form, mostly through friendshoring, or allyshoring, by relying manufacturing and sourcing within a group of countries with shared views as multilateral trade framework like the World Trade Organization and Free Trade Agreements pose le...

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WKF: Ownership and interoperability features of Web 3.0 to...

2022.09.22

[Photo by Lee Seung-hwan]Ownership and interoperability will become more distinguished and open vast opportunities for both game consumers and developers in the age of Web 3.0 based on blockchain and NFT technologies, according to software experts at the 2022 World Knowledge Forum (WKF) in Seoul.&...

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WKF: Strong U.S. protectionism can upset ties with traditi...

2022.09.22

[Photo by Park Hyung-ki]The U.S. protectionism is deepening in the face of Chinese ascent, baffling traditional allies like South Korea with a series of Buy Americanism laws including the CHIPS and Science Act, observed Joseph Nye, distinguished service professor emeritus at Harvard University.&nb...

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WKF: Fed’s rate hikes may stop as early as end-2022, says...

2022.09.22

[Photo by Lee Seung-hwan]A global recession would end within one or two years, and the U.S. Federal Reserve would reverse its course on rate hikes as early as the end of this year, Nobel Prize-winning economist Paul Krugman said, citing limited impact on the global economy from the Russia-Ukraine ...