Asian markets are facing a high tide of volatility in their currency owing to the devaluation of Chinese yuan and slow growth in the world's second largest economy.
Falling exports are adding to the devaluation vows and is causing major problem in the growth strategies of different countries and their currency management.
The two percent devaluation of the yuan on August 11 mirrored the difficulty that the economy was facing. It did not only affect China's currency but also sent ripples on the overseas markets which panicked.
On Wednesday, Samsung Electronics Co Ltd posted its January-March profits which were the highest in the last three quarters. The main reason for its good performance is attributed to the sturdy demand of its Galaxy S6 flagship smartphones that has been newly launched in the market. The company said that it expects the second expects earnings to increase too.
This year, South Korea's biggest corporation, Samsung Group, has been quickly reconsolidating its different affiliates to alleviate control over them. It has been intending to put most of its focus and streamline its major businesses which include electronics, construction and finance, and construction.
Samsung Electronics will be investing US$14.7 billion to construct a new chip plant in South Korea. The new set up will help to meet the increasing demand from smartphones venturing into computing and the rapidly growing market of 'Internet of Things.'
A new research states that sex can help in improving mental performance and growth of brain cells. This research has been led by researchers from the University of Maryland, South Korea, and also from Konkuk University in Seoul.
Experts have stated that chunky individuals can get in shape by having needle therapy on their ears.