“Today’s Top Economic News: Japan’s Recovery, 5G Advertising Fine, and China’s Digital Economy Growth”

3 economic news you need to know today.

Three Economy Let’s start now.

Let’s see the first news.

No Japan loses and squares, it’s out like this.

No Japan now refers to the boycott of Japanese products, but let’s check what the news is.

Let’s see.

No China, this is how it came out.

This is a compilation of travel industry news, right?

After the corona, demand for Japan and interest in travel are increasing, but on the other hand, China is hardly recovering.

Here’s the statistic.

Let me explain by looking at the graph.

In fact, in the case of travel demand, we need to compare before and after COVID-19.

It is noticeable that the level of interest that was distributed by region before the corona has completely declined while going through the corona.

At the same time, in fact, in the case of Japan, it is this red line, but it showed a slightly reduced side as it was engaged with No Japan, and now the majority of it has recovered again as the corona has subsided.

By the way, this blue one at the bottom.

In places like China, demand is still in the single digits.

In the case of Japan, the yen has now become prominent as it penetrates the corona.

At the same time, as the yen became cheaper, the cost of traveling to Japan decreased slightly.

Recently, LCC.

As low-cost airlines are competitively increasing their routes to Japan, ticket prices are also stabilizing, so it seems that a lot of people choose to travel to Japan.

In the case of China, in fact, the corona containment period has become a little longer.

So, isn’t it difficult to travel freely while deregulating later than other countries? The spread of this perception is also pointed out as one cause.

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Let’s move on to our next news.

I’ll read it.

It’s a puffed-up square mace.

Let’s see which ones hit the mace.

5G advertising has been hit with a pullback, something like this.

I heard that the Fair Trade Commission imposed a fine of tens of billions of won on exaggerated advertisements.

The 5G advertisement was exaggerated.

So, it is said that 33.6 billion won was imposed on the three telecommunications companies for violating the Display and Advertising Act.

Let’s check what kind of advertisement this is.

One thing that catches my eye is that it is 20 times faster.

It was advertised as transmitting 20 gigabytes per second, but the FTC judged that this was exaggerated, right?

Compared to the existing LTE network, it is almost 20 times faster and has a maximum speed of 20 gigabytes per second.

It was advertised like this, but when the FTC actually figured it out, the average speed was only 0.8 gigabytes, that is, it was about 1/25.

So I came to the conclusion that the advertising was greatly exaggerated.

That’s only 4% of the advertised rate.

And another thing to pay attention to is the posters right below. If you look at it now, all three companies advertised that they were number one.

you’re right.

The Fair Trade Commission also said, “Now bring reliable objective evidence,” but all three telecommunication companies failed to bring fair data.

So it was confirmed that this was included in the conclusion that it was exaggerated advertising.

It is said that the second highest fine was imposed after the Audi Volkswagen scandal in the past.

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Let’s go to the last news.

Can you read it for me?

World’s No. 2 square, it’s like this.

I see the Chinese flag.

Let’s see what the news is.

Let’s see.

China’s digital economy ranks second in the world.

Here’s the statistic.

As the number of people using the Internet in China increases, statistics related to the ecosystem and industry are growing, came out of China yesterday, right?

you’re right.

When this digital economy was estimated on an industrial scale before, it was close to 50 trillion yuan.

If this is converted into our money, it is 9300 trillion won.

The scale of the digital economy has grown tremendously.

Here’s the statistic.

And even if you look at the rate of increase, you can see that it is growing rapidly because it is rising in double digits.

Take a quick look at the current state of the Internet in China.

This is because China’s Internet penetration rate is actually large in population, so in fact, it was less than 60% until 2018.

Then, as the non-face-to-face culture spread while experiencing Corona, China also increased significantly, reaching more than 70%, and the population of users exceeded 1 billion in 2021.

The reason why Chinese authorities are paying attention to the digital economy is that the youth unemployment rate in China recently exceeded 20%.

That’s why they are paying attention to the digital industry that can solve this unemployment rate.

is being figured out.

It is said that 60% of the world’s 5G networks are in China.

We need to pay attention to whether China is leading the future technology competition and technology standards, shouldering huge domestic demand.

So far, we have looked at three economic news.

We’ll see you next week with more fruitful economic news.

until now.

It was a three economy.