English is a Necessity in Today’s Corporate World

Korean companies develop English speaking corporations. Samsung Electonics’ marketing employee, Kim Hyun-joo spent a valuable, although grueling ten weeks learning English at the Samsung’s foreign language institute.

Kim said proudly that “Of course I can’t say I won’t need any more English training from now ever again, I can definitely say I’m good for now.”

“Our investment firm has found that English has become a necessary language amongst the corporate elite in Korea and throughout Asia as these economies expand,” says Brad Hames of Far East Investments.

Kim’s company provides a great benefit that they teach their employees English. Most Korean employees are   pressured to learn English and other languages, but often they just don’t have the time. Lack of foreign languages often hinders employees’  career advancement.

Israel May Reduce World Dependency on Oil with Renewable Energy Technologies

Dr. Eli Opper, the Eureka High Level Group’s chairman, said that “the global interest in Israel’s energy R&D and technology is out of all proportion to the size of the country.”

Over 40 countries are members of the European R&D program, Eureka. Due to Israel’s tech achievements, Israel was chosen to chair Eureka. “The world looks for two things in Israel: R&D and technology,” he says.

According to Opper, Israel has created exciting breakthrough energy technologies. He explained that
“Israel was a world pioneer in developing water-desalination and solar-energy technologies.”

Japanese Economy to Fall to Third Place Following Chinese Advance

Japan which was the largest economy after the American Economy has now been surpassec by China, according to expected economic statistics for 2010.

2010 complete-yearly and 4th quarter gross domestic product figures will be released by Japan on Monday.

The Japanese economy has experienced a fall in consumer demand and exports. In the meantime, China has grown tremendously in manufacturing.

Analysts predict that China will replace the United States as the world’s largest economy within about ten years. According to GK Dragonomics’s Tom Miller, “It’s realistic to say that within 10 years China will be roughly the same size as the US economy.”

Toyota Pension Fund Decides to Invest in Infrastructure

Toyota Motors has chosen Chuo Mitsui Asset Trust and Banking to invest Toyota’s six billion dollar pension fund (TMPF) in infrastructure development projects. TMPF has decided to diversify its stock investments by two percent and invest the difference in infrastructure. Toyota plans to gradually invest approximately $1.2bn in infrastructure projects. TMPF believes that his will give a secure return on investment over the long term.