South Koreans, long the leaders in online communications, are foregoing e-mail as they look for new ways of instant communication.
Daum Communications, the leading e-mail provider in South Korea, has announced that page impressions for its e-mail service are down for the first time ever. The company's e-mail service page views fell more than 20 percent from 3.9 billion in October 2003 to 3 billion a year later. Actual e-mails sent dropped by 16 percent in the same period. This is in sharp contrast to SK Telecom, Korea's leading mobile phone company, which revealed that monthly SMS transmissions jumped more than 40 percent in October last year, from 2.7 billion text messages sent 12 months previously.
A recent poll of 2,000 teenagers also revealed that more than 75 percent of respondents use e-mail "rarely or never." The poll, carried out by a Chungbuk University computer professor, reported that the biggest reason for the drop in e-mail usage in the young was that it was seen to be "old fashioned" and "slow." Many complained they had no way of knowing if the mail they sent had been read.
Cha Juyoung, a student at Yonsei University in Seoul, said she only used e-mail to send essays or reports for her course. "Otherwise, I can contact my friends on my cell phone, send them texts or use instant messenging," she said. Another reason for the decline is the improvement in other forms of technology. Mobile phones and MP3 players are becoming the communication tool of choice in South Korea.
The Internet is viewed as a place to have fun and express your individuality, but not a place to communicate.
Step into any of the thousands of Internet cafes, or "PC bangs" in Seoul and you will find no one using e-mail. Most males will be playing computer games, while females will be updating their home pages.
Home pages have been the fastest growing online industry in Korea over the past few years. Cyworld is the undisputed king of the industry, hosting more than 10 million home pages. The company's page views soared from 650 million in October 2003 to 17 billion in October last year. The trend has even spawned a new term -- a "cyholic" -- meaning someone who spends hours updating their home page every day.
Cyworld spokeswoman Michelle Park is confident that the number of users will continue to rise. "Having your own home page shows individuality and you can express yourself more," she said. "There is no way to express yourself through e-mail and that's why young people are not using it so much."
Kyung Lee, a high school student from Incheon, west of Seoul, agrees: "I can spend a lot of time on my home page. I put up my photos, music and diary. My friends and I leave messages on the boards of our pages, it's more fun than just e-mailing."
SK Communications president, Yoo Hyun-oh, believes this trend will grow. "E-mail's efficiency falls in terms of promptness, convenience and credibility," he said. "With the continuous emergence of new communication means, communication formats will develop further."
And there are indications that e-mail usage in the West is dropping too, because of spam and spyware. According to US research company Osterman, 44 percent of Internet users in the US are using e-mail and the Internet less than they did a year ago.
France cannot afford to ignore the third credit-rating reduction in less than a year, French Minister of Finance Roland Lescure said. “Three agencies have downgraded us and we can’t ignore this cloud,” he told Franceinfo on Saturday, speaking just hours after S&P lowered his country’s credit rating to “A+” from “AA-” in an unscheduled move. “Fundamentally, it’s an additional cloud to a weather forecast that was already pretty gray. It’s a call for lucidity and responsibility,” he said, adding that this is “a call to be serious.” The credit assessor’s move means France has lost its double-A rating at two of the
Jensen Huang (黃仁勳), founder and CEO of US-based artificial intelligence chip designer Nvidia Corp and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) on Friday celebrated the first Nvidia Blackwell wafer produced on US soil. Huang visited TSMC’s advanced wafer fab in the US state of Arizona and joined the Taiwanese chipmaker’s executives to witness the efforts to “build the infrastructure that powers the world’s AI factories, right here in America,” Nvidia said in a statement. At the event, Huang joined Y.L. Wang (王英郎), vice president of operations at TSMC, in signing their names on the Blackwell wafer to
AI BOOST: Although Taiwan’s reliance on Chinese rare earth elements is limited, it could face indirect impacts from supply issues and price volatility, an economist said DBS Bank Ltd (星展銀行) has sharply raised its forecast for Taiwan’s economic growth this year to 5.6 percent, citing stronger-than-expected exports and investment linked to artificial intelligence (AI), as it said that the current momentum could peak soon. The acceleration of the global AI race has fueled a surge in Taiwan’s AI-related capital spending and exports of information and communications technology (ICT) products, which have been key drivers of growth this year. “We have revised our GDP forecast for Taiwan upward to 5.6 percent from 4 percent, an upgrade that mainly reflects stronger-than-expected AI-related exports and investment in the third
RARE EARTHS: The call between the US Treasury Secretary and his Chinese counterpart came as Washington sought to rally G7 partners in response to China’s export controls China and the US on Saturday agreed to conduct another round of trade negotiations in the coming week, as the world’s two biggest economies seek to avoid another damaging tit-for-tat tariff battle. Beijing last week announced sweeping controls on the critical rare earths industry, prompting US President Donald Trump to threaten 100 percent tariffs on imports from China in retaliation. Trump had also threatened to cancel his expected meeting with Chinese President Xi Jinping (習近平) in South Korea later this month on the sidelines of the APEC summit. In the latest indication of efforts to resolve their dispute, Chinese state media reported that