Olympics of Retail Business

http://www.koreaherald.co.kr/NEWKHSITE/data/html_dir/2009/10/15/200910150064.asp

Retail leaders discussed a variety of topics in South Korea. The four day event consists of 3,330 retailers from 24 Asian-Pacific countries with the title "retail for the future of life and economy". Korea's retail industry accounted for 7.3 percent of gross domestic product and 15.4 percent of jobs in 2008. Experts projected that Asian companies will experience the fastest change in their business environment over the next five to 10 years. The Asian explosion has no signs of slowing down even in economic downtime. I believe this type of meeting of an industry to discuss what future paths it wants to take are an important step in the planning process. It also enables companies to see ideas others have and this creates innovation and competition.