Bizline Ep106

[Issue]
Renting over buying! The 12-trillion-won rental market!
From water purifiers to air purifiers, beds and nursery products. There's nothing you can't borrow in the rental market which is booming despite or because of the recession. The domestic rental market has grown to a size of 12 trillion won in the last ten years by diversifying the number of items and services available. From homes to corporations and local governments, why do people choose to rent rather than buy? We'll take a look at the backdrop of the emergence of the rental market and examine the side effects.

[Interview]
The significance of hosting the annual meeting of the Inter-American Development Bank and its economic impact
Interviewee: Deputy Minister for International Ecoomy Choi Hee-nam, Ministry of Strategy and Finance
The annual meeting of the Boards of Governors of Inter-American Development Bank (IDB) and Inter-American Investment Corp. is taking place in Busan. The meeting, which is being held on the tenth anniversary of South Korea's membership into the IDB, is South Korea's largest Latin America-related event. Attended by finance ministers, central bank governors and corporate leaders from 48 member countries, the event will provide an opportunity for South Korea to advance its economic cooperation with Latin American countries. We'll take a look at the significance of hosting the event and its economic impact on South Korea.

[Science&Technology]
The world's first technology producing cement from steel waste
South Korea has become the first country in the world to develop the technology to produce cement from waste generated in the process of making steel from scrap metal. The technology involves rapidly cooling the liquid-phase slag with a strong wind, grinding the material and turning it into cement by mixing additives. The technology will make it possible to produce 280 billion won worth of cement by recycling 720-thousand tons of waste annually. As well as being economical,