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Wednesday, April 29, 2020

Asia News on Apr. 29, 2020

By: vietpressusa April 29, 2020

VietPress USA   Source: www.reddit.com
Posted by
u/greatThunder
46 minutes ago

The Flaws, Loopholes Of The Current Out-Dated International Financial System In 2020

The Flaws, Loopholes Of The Current Out-Dated International Financial System In 2020
The battle for the new financial system is reaching to highest level.
And now let’s look at the flaws, loopholes, mistakes of the current international financial system.
1. Insert Money Into The System
The most headache and flaw of all is this one.
There are only 2 type of insert which are via physical asset like Gold or via knowledge,mindset, thought.
How much money have printed in each nation? The people do not know, a big flaw !
If use Gold then as long as you have Gold, you can insert money into the system, there is nothing to talk here.
About thought/mindset/knowledge, now it most decided by the Government but not by the people, which is a stupid loophole !
The most fair way by using this method is giving out people equally money either every month or year at the “smart” level and quantity. But this method still have some flaw because of so call secret groups/societies who are living like animals instead of like a Gods.
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Posted by
u/theasiansbusiness
16 hours ago

4/29 South Korea business news summary

Business
*Coupang, a South Korean online retailer, launched a same-day Rocket Fresh service Wednesday, as demand for online grocery shopping rose amid the coronavirus pandemic. The service will allow customers who order fresh groceries before 10 a.m. to receive them by 6 p.m.
*South Korea’s exports of coronavirus test kits shot up 1819.3% to $131.9 million in the first 20 days of this month, compared with $7.25 million for the same period last year.
*The eight South Korean ministries including the Ministry of SMEs and Startups, the Ministry of Culture, Sports and Tourism and the Ministry of Science and ICT are planning to raise 81 venture funds worth of 2,479.8 billion won ($2.03 billion), higher than the previous target of 2,222.5 billion won ($1.82 billion).
*SK Innovation, a South Korean refining company, is set to spend $2.5 billion to build two plants at its site in the U.S. state of Georgia with a combined annual capacity of 21.5 GWh.
(Source: KoreaBusiness, Yonhap News Agency)
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