Anatomy of a Korean Currency Crisis

to begin with, one of the advantages is that social media has successfully strengthened the connection all over the world, in other words, the distance between people has been gradually reduced by using social media. For instance, most of people especially teenagers are using Facebook, one of the well-known social media platforms. There is a evidence indicating that “In June 2015, 82% of Australia teens gad gone online in the last 4 weeks”(Australia Communications and Media Authority, 2016). Facebook users seem to be ubiquitous due to the factor that they will be told what recently happened around the world, and almost everything people can find on Facebook. Furthermore, people can make a number of friends who has the same interests and hobbies by using Facebook no matter how far the real-world distance is as they will have more interaction online. There is a research that demonstrate how people love to use Facebook, saying that “Facebook has 1.86 billion monthly active users”(Sparks.D, 2017), therefore it is obvious that social media has become one of the vital part of people’s life that cannot be detached. Additionally, people like to use social media as its feature of convenience and high efficiency to deliver information. At the age of social media had not yet been widely used, the way of transferring message was likely to be low efficiency and not convenient. For example, if people want to send a letter, it used to take a few weeks or even a month. In the contrast, since the social media has been widely spread in the modern society, it only takes a few second for people to transfer information to others. Mobile phone, as one of the platform of using social media, can be used to send messages everywhere by people whenever they want. Hence, all of the evidences illustrate that social media has already become a essential part that component modern society.