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Most innovations happen during harsh times. Currently, the global economy is going through a transition period owing to the recession. A majority of the corporate sectors are facing the worst sides of the recession that started with the mortgage crisis in the United States in early 2007. Companies have curtailed expenses. Mass layoffs have become the order of the day. To survive, they are forced to adopt such tough measures. Strategic partnerships and innovative technologies are reshaping the markets worldwide.

Korea is primed for startling growth in the small and medium enterprise (SME) sector. Korean SMEs account for 99.9 percent of all enterprises, 87.5 percent of all employees and 49.4 percent of production, according to numbers from the Korean Small and Medium Business Administration. However, right now, SMEs are not generally growing at a rate that can positively impact the economy. They are missing a few essential ingredients.

Web-based training or e-learning allows individuals to easily access education through the web from anyplace at anytime they want. Many companies see these programs as cost-effective alternatives to training a large number of employees in-house. Essentially, these types of training programs need efficient computer network technologies to develop, manage and administer training to employees in organizations. WBT is a lucrative field and many established companies like Oracle have come forward to tap the revenue opportunities it offers.

Indian tourism is now recovering from the global recession. In particular, the last two months' developments encouraged the Ministry of Tourism. After the recession, these two months showed an increased number of tourists. Now, the Ministry is trying to promote it through its new efforts. The slowdown of the past few years was a major setback to the ever-increasing Indian tourism. In 2008, from January-March, around 1.7 million tourists visited India, while during the same period in 2009, only 1.46 million tourists decided to visit India.

One of the most high-flying Korean equities of this year is Samchuly Bicycle Co. This stock traded for a mere 2,730 won on Oct. 10, 2008. However, it quickly soared to 37,400 won as of May 15. There were jokes that Samchuly Bikes are not rolling, but instead are flying in the market. Another bicycle manufacturer, Very Good Leisure Co., has also enjoyed a soaring share price for some time, thanks to the series of government green transportation polices.