The average screen size of TV sets to be sold in markets is expected to surpass 40 inches next year for the first time, data indicated Monday.According to market researcher IHS, the average TV screen size is estimated to reach 40.8 inches next year from 39.4 inches this year.Market analysts said this trend in favor of a bigger screen sizes reflects consumers‘ growing preference for high-definition premium TVs.By region, North America will likely top average TV screen sizes with 44.5 inches, foll

The world economy is experiencing deflation due to falling prices of raw materials and a slowdown in growth. According to Global Finance magazine Wednesday, the inflation rate measured by the consumer price index in major countries has fallen below zero or remained at that level in September compared to the same period last year.Inflation rate in the eurozone fell into negative territory, at -0.1 percent, for the first time since March this year. U.K. also recorded the same rate as that of the e

South Korea reported one of the lower levels of life satisfaction among member countries of the Organization for Economic Cooperation and Development, a recent report showed.According to the OECD’s How‘s Life 2015 report, South Korea ranked 27th among the 34 OECD countries, with a score of 5.8, substantially lower than the OECD average of 6.58. Denmark topped the list, followed by other Nordic countries -- Iceland, Switzerland and Finland. Japan came in 26th, a notch higher than Korea. The OECD

 

Most regions of the country are suffering a severe drought particularly Seoul City and its surrounding areas, officials said Wednesday.　According to the Korea Meteorological Administration, the accumulated precipitation in the country from January to early this month recorded 754.3 milliliters, accounting for only 63 percent of the average of the past 30 years -- 1,189 milliliters. 　Seoul City and Gyeonggi Province had the lowest accumulated precipitation with 572.4 milliliters, making up 43 per