archiveChief Innovation Officer Insider

For decades, South Korea has imposed an inheritance tax of up to 60% on the controlling shareholders of major companies like Samsung Electronics, compelling billionaire families to engage in complex financial maneuvers to meet their tax obligations. Now, these affluent families may soon see significant relief. President Yoon Suk-yeol plans...

Deciding where to live is crucial, and finding the best country to live in is essential. Our 2024 Human Progress Index (HPI) rankings thoroughly analyze factors such as quality of life, life expectancy, education, political stability, per capita income, and opportunities. A country gets a higher score on the Human...

Despite headlines about record-breaking concert revenues and skyrocketing ticket prices, a recent survey reveals that most musicians are not reaping the benefits, finding it increasingly challenging to profit from live performances. A study conducted by the rehearsal and recording studio chain Pirate surveyed 1,700 band members, solo artists, and DJs....

According to the Asian Development Bank (ADB), the Philippines is expected to meet its economic growth target for this year, supported by decreasing inflation and anticipated interest rate cuts. However, projections for next year indicate that the growth might not fully align with the government's objectives. In its recently published...

In a region where policy shifts, governance changes, and technological advancements continuously reshape the economic landscape, the Middle East is embracing an era of constant transformation. PwC's recent Middle East Workforce Hopes and Fears Survey highlights a workforce that is not only engaged and forward-thinking but also deeply optimistic about...

The wealthiest farming family in California, Stewart and Lynda Resnick, are planning to significantly expand an industrial warehouse complex to transform the small town of Shafter into an international trading hub. The Resnicks, who own The Wonderful Company, already possess a large distribution center in Shafter, northwest of Bakersfield. The...

Over the past five years, 261 people have died in the United States because they swam against a riptide and drowned. By comparison, 58 people have died from shark attacks in the past 50 years in total. Riptides are overlooked killers, but they’re also convenient. Surfers paddle out on riptides to catch...

Labor markets worldwide have remained robust, with many nations experiencing record-high employment and low unemployment levels. By May 2024, the OECD unemployment rate was 4.9%. Notably, employment rates for women have improved more significantly than for men compared to pre-pandemic levels. Although labor market tightness is easing, it remains generally...

Zhong Shanshan, the head of Nongfu Spring and China's wealthiest individual, has experienced a significant decline in his fortune, losing up to $20 billion since early May. This downturn stems from investor skepticism about the company's aggressive pricing strategy for new bottled water products. Despite this setback, Zhong, aged 69,...

Chalerm Yoovidhya, co-owner of Red Bull, now leads Thailand's wealthiest family, overtaking the Chearavanont brothers. Despite this, the overall net worth of Thailand's 50 richest individuals saw a 12% decline. The Yoovidhya family's fortune rose by $2.6 billion, reaching $36 billion, bolstered by Red Bull's impressive revenue of over $1...