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Korea’s virtual asset market to reach 1,000 trillion won by 2026: Report

With an average annual growth of 20 percent over the next five years, the virtual asset market will also create 40,000 jobs in the process.

It is widely expected the pact will provide an all-around boost to regional economic growth and global free trade.

With state-of-the-art technologies and a self-contained community, the city is being positioned as a global high-tech, financial and logistics hub

The move came in line with market expectations as the central bank cut interest rates to lower lending costs for businesses.

The notice defined the platform economy as "a new economic form "with internet platforms as the base and data as the driving force

The IMF also noted that Hong Kong's economy has recovered strongly with the support of swift and bold policy responses.

In 2021, exports grew 21.5% from the previous year to ¥83,093.1 billion, the second-highest level following ¥83,931.4 billion marked in 2007.

The government will nurture 40,000 professionals and 220 companies specialized in metaverse technology to achieve its goal.

He said he would strive to raise the income of people by reviewing the official fees that are used as a basis to calculate salaries.

The trade minister also said at least three trade deals were slated for completion in 2022 as part of efforts to diversify export markets.