MAYASIA BUSINESS OUTLOOK9The recent achievement of a consortium of compa-nies in Japan marks a significant milestone in wire-less technology: the development of the world's first high-speed 6G wireless device. Capable of transmitting data at a staggering speed of 100 gigabits per second (Gbps), this device surpasses the capabilities of 5G by up to 20 times.The implications of this advancement are profound. With data transfer speeds equivalent to streaming five HD movies wirelessly per second, the potential applications are vast and diverse. Whether it's facilitating real-time commu-nication, powering advanced augmented reality experienc-es, or enabling seamless connectivity for emerging technol-ogies, the possibilities are endless.The successful tests conducted by the consortium demonstrated the device's capability to achieve these re-markable speeds both indoors and outdoors. Operating over the 100 gigahertz (GHz) band indoors and the 300 GHz band outdoors, the device showcased its potential to revolu-tionize wireless communication.While 5G currently represents the pinnacle of wireless technology, the pursuit of innovation never ceases. With scientists already laying the groundwork for 6G, the future of connectivity promises even greater speed, reliability, and efficiency. As we look ahead to the early 2030s, when 6G is expected to be rolled out, we can anticipate a new era of connectivity that will reshape industries and transform the way we interact with technology. South Korea's Fair Trade Commission (FTC) announced on Friday that food makers and suppliers will now be required to inform consumers if they reduce the size of their products, or face fines of up to 10 million won ($7,300). The FTC designated the practice of reducing product portions while maintaining the same price, known as shrinkflation, as an unfair transaction subject to penalties. Processed food makers and manufacturers of household supplies like toilet paper, shampoo, and detergents will need to display labels for three months if they downsize their products in a way that increases the unit price.This new rule will come into effect in August after a three-month grace period, and violators will face fines of 5 million won for the first offense and 10 million won for subsequent offenses. The FTC stated that the change aims to prevent companies from reducing the size, standard, weight, or quantity of their products without sufficient notice, resulting in consumers unknowingly bearing significant price increases.Shrinkflation has been a concern for consumers and governments globally, as households contend with reduced purchasing power amidst rising inflation. NEWSROOMJAPANESE SCIENTISTS DEVELOP WORLD'S FIRST WIRELESS 6G DEVICESOUTH KOREA'S FTC TO PENALIZE SHRINKFLATION
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