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There is a need for globally coordinated standards and principles that allow room for countries to adapt their policies.
In the Republic of Korea, the finance sector needs environmental, social, and governance evaluation criteria amid growing shareholder stewardship.
Crowdsourcing can be an effective way to address pain points that limit MSMEs from getting financing.
In the highly competitive Korean market, policy makers need to adjust performance indicators and incentives to encourage banks to increase technology financing.
In the People’s Republic of China, a leasing program is helping reduce pollution by putting more low-cost, efficient, and clean buses on the road.
Build storage facilities, protect local workers, and develop systems to monitor risks.
Solutions include lowering statutory maximum lending rates, expanding policy financing and mid-rate loans, increasing loans and loan guarantees.
Seoul established a quasi-public bus system, restructured routes, created median lanes, built transfer centers, and integrated its fare system to improve service.
Upskilling through TVET and STEM education can help prepare female workers for the automation of apparel manufacturing in the era of the Fourth Industrial Revolution.
Implementation of a health and safety plan based on international best practices can protect workers and communities from COVID-19 infection.