Archive / Business - 2021
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Singapore's VMC plans Mena expansion with $150m ADGM media investment fundSingapore-based Vistas Media Capital, the parent of the special purpose acquisition company that's taking music streaming platform Anghami public, is expanding its footprint in the...Toshiba's No. 2 shareholder calls for immediate resignation of chairman, 3 directorsToshiba Corp's second-biggest shareholder on Sunday demanded the board chairman and three other directors immediately resign after a study found the company had colluded with...Vietnam’s currency markets Asia’s strongest up to now this yearVietnam’s stock market has got evolved into Asia’s strongest this season, with the country’s benchmark VN-Index surging more than 20 per cent on the first...Prices of Rice, Derivative Products Surge SharplyThe cost of rice has increased sharply for six consecutive months.Which has pushed up the prices of several products that are produced from the staple,...Budget Carriers to Resume Asia FlightsBudget airlines have put on resume international flights following the government said it'll seek to open a severely limited travelling bubble with other Asian countries.T'way...Seoul Apartments Cost over 10 Times Average IncomeApartment prices in Seoul have got risen to more than 10 times the common annual household income.Incomes experience not increased drastically but real estate prices...Bankers At this moment Earn W50,000 one hourThe hourly wage of bankers now exceeds W50,000, an initial for Korea and an alarming sign of growing wealth disparity (US$1=W1,115).But while paychecks have grown...Amazon may prove exception to global taxes rulesThe Group of Seven wealthy nations may have endorsed a plan to ensure the world's biggest companies pay a minimum global tax rate, but U.S....China's factory rates soar in May but consumers avoid cost surgeChina's factory gate inflation rose at the best rate in over ten years last month, official data showed Wednesday, as the world's second-largest overall economy...Hyundai Chief Wins U.K. Prize for Turning Carmaker AroundHyundai chairman Chung Eui-sun has won the Issigonis Trophy from Autocar magazine of the U.K.Autocar may be the world's oldest vehicle magazine and each year...Ssangyong Workers Accept 2-Year Unpaid LeaveCash-strapped Ssangyong's labor union features acknowledged a self-rescue plan that could put around one half of the SUV maker's staff in unpaid leave for just...Flight Bookings Jump on Vaccination HopesAir travel bookings have jumped five circumstances as coronavirus vaccination little by little gets underway.According to online industry Wemakeprice, airfare ticket sales from May 27...Car Parts Suppliers Demand Easing of Working Week CapCar parts suppliers are actually urging the government to help ease the 52-hour cap in weekly working time because they promise they cannot match their...Vietnam to build 4,000 kilometers of expressways for $36 billionThe federal government of Vietnam will build 4,000 kilometers of expressways within the ten-year development arrange for 2021 to 2030 of the country’s ministry of...India’s Paytm moves in advance with $3bn IPO plansIndia’s Paytm is requesting employees to decide whether they need to sell shares found in the digital obligations pioneer’s planned initial public offering, bringing another...Scandal-Ridden Housing Company to reduce 20% of StaffThe government plans to cut a lot more than one-fifth of the workforce at the scandal-ridden Korea Land and Housing Corporation.The decision comes in the...Stock Market on Yet Another HighThe Korea Composite Share Selling price Index closed at a fresh high of 3,252.12 tips on Monday, up 0.37 percent from the previous session.The prior...Lotte, Shinsegae Bid for eBay KoreaRetail giants Lotte and Shinsegae are actually bidding against the other person to dominate eBay Korea, which operates on the net stores Auction and Gmarket.According...Investors reassess priorities in wake of pandemic, UBS saysThe Japan Agricultural Cooperatives group and wholesalers are stepping up efforts to export rice to the world's most significant rice-consuming nation China as the domestic...New Discharge Boosts Hyundai's Grandeur SalesHyundai's flagship Grandeur sedan is likely to remain the best-advertising car here for the fifth consecutive year.The automaker sold about 10,500 Grandeurs previous month, up...Gasoline Prices Go up to Pre-COVID LevelGasoline prices in the united states possess risen for a fifth week to reach levels last seen prior to the coronavirus pandemic.Intercontinental oil prices continue...Walmart Staff in U.S. Obtain Samsung Galaxy PhonesThe world's biggest retailer Walmart is offering Samsung's Galaxy smartphones to 740,000 out of its 1.6 million personnel in the U.S.Walmart said the other day...UAE's solar powered energy start-up Pawame secures $2.5m in fundingUAE-based off-grid solar energy start-up Pawame secured $2.5 million in grants and equity, with packages for a $5m early stage funding round since it bids...Growth in e-commerce a good boon for India's logistics sectorLogistics provider Blowhorn features were able to double its organization to accomplish 2 million deliveries per month, servicing more than 70 places in India amid...Singapore aspires to be fintech hub amid flourishing venture capital sceneSingapore is nurturing its thriving fintech sector even through the harsh Covid-19 pandemic times and sees more and more investments pouring into financial technology organizations...Nissan delays launch of electric car over chip shortageJapanese carmaker Nissan said Fri it'll delay the planned summer start of its flagship different electric Ariya model to this winter above the global chip...Kia Showcases 1st All-Electric CarKia showcased its initial fully electric car or truck, the EV6, to the press at a small-scale celebration in Seoul on Wednesday.It had been the...Naver to pay Neighbors for Glare from HeadquartersThe Supreme Court on Thursday ordered Net portal Naver to compensate residents living near its headquarters for damage due to the glare from its glass...Mobile Services Take over Financial IndustryDigital payment apps and other mobile economic services are actually booming as cash becomes an increasing number of a thing of days gone by.Kakao Pay...Kia Starts Taking Orders for Revamped K9 SedanKia started accepting pre-orders for its new K9 large sedan.After undergoing its initially partial facelift in 3 years, the most recent version boasts improved safety...Moon Hints at Pardon for Samsung ChiefPresident Moon Jae-found in on Wednesday hinted that he's more inclined than before to pardon Samsung chief Lee Jae-yong, who's in jail for bribing his...Consumer Prices Rise at Fastest Clip in 9 YearsConsumer prices increased 2.6 percent on-year in May, according to Figures Korea on Wednesday, fueling fears of inflation.It was the largest increase since April 2012...Ssangyong Submits Self-Rescue PlanCash-strapped Ssangyong in Wednesday submitted a self-rescue plan come up with by management and labor, including half of its staff taking unpaid leave for two...World's rich flooring it in post-pandemic high end car rushThe global rebound from the coronavirus pandemic is revving extravagance carmakers' sales to never-before-seen heights, as order books at famous brands Lamborghini, Ferrari and Rolls-Royce...Average Apartment Price in Capital Region Nears W700 MillionThe average apartment price in the Seoul metropolitan area has increased to almost W700 million over the last year (US$1=W1,110).According to KB Kookmin Bank on...Samsung Biologics Aims to create mRNA Vaccine IngredientsSamsung Biologics programs to include a production line so that it may produce all ingredients for Moderna's mRNA vaccine in license without recourse to various...Exports Post Record Development in MayKorea's exports surged 45.6 percent on-year in May, the largest monthly increase in 32 years.Korea exported US$50.7 billion worth of products previous month, an archive...Average Apartment Price found in Capital Place Nears W700 MillionThe common apartment price in the Seoul metropolitan area has risen to almost W700 million during the last year (US$1=W1,110).Relating to KB Kookmin Lender on...Samsung Biologics Aims to Produce mRNA Vaccine IngredientsSamsung Biologics strategies to include a production line so that it can produce all ingredients for Moderna's mRNA vaccine less than permit without recourse to...Suez Canal ship circumstance adjourned for compensation talksAn Egyptian courtroom on Saturday adjourned the circumstance of a hulking cargo vessel that blocked the Suez Canal for nearly a week previous this year....Expense flows into India's fast-developing FinTech sector showing signs of a recoveryBanking technology start-up Zeta this month became India's most current service to cross the $1 billion valuation mark, raising $250 million by SoftBank Perspective Fund...Dubai property booms as rich buyers escape COVID-19 lockdownsDubai's property industry is powering out of a good six-year malaise as "lockdown dodgers" and wealthy international shareholders drive a shopping for frenzy that is...World's rich flooring it in post-pandemic extravagance car rushThe global rebound from the COVID-19 pandemic is revving extravagance carmakers' sales to never-before-seen heights, as order books at famous brands Lamborghini, Ferrari and Rolls-Royce...‘Will my company add accrued leave payment to my end-of-program settlement?’I have a query regarding gratuity as I will be quitting my work soon. If I have annual leave times carried forward from last year...U.S. shoppers get back to stores, but retailers face challengesAmericans are heading back again to one of a common past times: store shopping.With more people getting vaccinated and dropping their face masks, vendors from...Xinjiang factory boss defiant due to sanctions bite over Uighur abusesA backlash against reports of forced labor and different abuses of the largely Muslim Uighur ethnic group in Xinjiang is taking a toll on China's...Central Lender Chief Hints at Charge HikeBank of Korea Governor Lee Ju-yeol has hinted in raising the benchmark interest this year after an archive amount of almost zero interest."The charge hike...HSBC exits retail banking business in the USHSBC will exit mass industry retail banking business in the US, closing almost all of its branches and repurposing others towards international banking and wealth...Ford says 40% of sales to be electric power vehicles by 2030Ford once more is ramping up investment in zero-emission automobiles and expects 40 percent of volume by 2030 to be made up of fully electric...Jeff Bezos says will move baton to new Amazon CEO on July 5Amazon founder Jeff Bezos has picked a date to step downwards as CEO.Bezos, who grew Amazon from an internet bookstore to a great online browsing...Renault Samsung's New SUV going to Europe Amid Positive Original ResponseRenault Samsung's small SUV XM3 will continue sale across Europe found in July under the name of Arkana after its initial release found in four...Hyundai, LG to Build Electric battery Joint Venture in IndonesiaHyundai and LG Strength Solution will build a great electric-car battery plant found in Indonesia together.According to sector insiders on Tuesday, both companies will invest...SK Chief Donates $1 Million to Korean Battle Memorial in U.S.SK Group chairman Chey Tae-won offers donated US$1 million for the engineering of a memorial wall structure at the Korean War Memorial found in the...Budget Airlines on Edge of CollapseLow-cost carriers found in Korea happen to be teetering on the advantage of collapse while losses mount because of the coronavirus pandemic.Flag carriers Korean Air...Naver Unveils New AI PlatformKorea's top Net portal Naver unveiled a good cutting-edge artificial-intelligence program called HyperCLOVA on Tuesday. It really is billed as a "super" AI program with...Singapore's manufacturing output up 2.1% in April; 6th straight month of growthSingapore's manufacturing productivity grew for a 6th consecutive month found in April, rising 2.1 per cent year-on-year regarding to official data released on Tuesday (May...SK Bioscience Wins More Funding for Vaccine TrialsSK Bioscience features secured W200 billion in funding for coronavirus vaccine trials from the Coalition for Epidemic Preparedness Innovations, a worldwide partnership (US$1=W1,127).The funding is...Softbank to get W200 Billion in Korean AI Start-upJapan's top venture-capital trader Softbank will invest some W200 billion in a good Korean artificial-intelligence education start-up named Riiid (US$1=W1,127).Riiid said Mon that it has...Shinsegae Heirs Wager on Hotel BusinessThe heirs of retail conglomerate Shinsegae are competing with one another in the high-end resort business.The group's vice chairman Chung Yong-jin is expanding its resort...High Court approves move to freeze Hin Leong's founder's assets: LiquidatorsThe High Courtroom has accepted a request to freeze up to US$3.5 billion (S$4.7 billion) of worldwide resources of Lim Oon Kuin and his two...LG Winds up Mobile phone Business with Last Rollable GadgetLG's Rollable smartphone is being demonstrated found in this combined image grab from the total annual Consumer Electronics Show that was held virtually found in...Spending Disparity DeepensThe coronavirus pandemic has widened the disparity in spending between rich and poor.The pandemic didn't have an enormous financial impact on higher-paid office workers who...High class Competition Eats into Tesla's EV Market LeadTesla's dominance in Korea's electric vehicle marketplace is slowly eroding as the slower competition catches up.Sales of electric power Porsches and Mercedes-Benzes have been rising....Switch to distance education drives investment found in India's education technology sectorAs academic institutions and universities in India were forced to close because of the coronavirus pandemic and with pupils embracing digital learning, Kopykitab,an electronic learning...Virgin Galactic edges nearer to commercial travel as test flight reaches spaceVirgin Galactic Holdings flew a good test air travel to space for the first time in more than 2 yrs, a critical step in its...Ship owner says Suez Canal was at fault above Ever Given grounding: LawyerThe owner of a container ship that blocked the Suez Canal in March says the canal authority was responsible over its grounding as it disputes...Ford CEO: Electric auto demand will transform industryA new electric version of Ford's immensely popular F-150 pickup could just be the catalyst that hastens America's transition from gasoline to battery-powered vehicles.Jim Farley,...SK-Ford Joint Venture to Make EV BatteriesSK Innovation might join hands with Ford found in a W6 trillion JV to make electric-car batteries (US$1=W1,132).SK on Thursday said it signed a good...Elon Musk says Tesla eyeing Russia as being a potential production hubElon Musk said on Friday that Tesla was close to establishing a occurrence in Russia and was first looking in whether it could open factories...Dutch courtroom orders Ghosn to settle 5 mil euros on salary as Nissan-Mitsubishi case backfiresFugitive ex - car executive Carlos Ghosn suffered a setback about Thursday whenever a Dutch court ordered him to repay 5 million euros ($6.1 million)...Smaller sized Businesses Demand Brakes on Minimum WageSeven out of 10 small and medium-sized firms think the minimum amount wage should be frozen or lowered, a poll suggests.In the poll of 168...Line ordered to shell out ¥14 mil above patent infringementA Japanese courtroom on Wednesday ordered messaging application provider Range Corp. to spend around 14 million yen ($128,500) to a technology provider for patent infringement...Lexus achieves cumulative global sales of 2 million electrified vehiclesLexus announced Tuesday that the blissful luxury manufacturer eclipsed the milestone of 2 million global sales of electrified vehicles towards the end of April.Since the...The Companies That Posted Earnings for More Than 30 YearsFifty-eight of Korea's top companies have been posting gains for a lot more than three decades.Analysis of 2,303 organizations listed on the Korea Composite Inventory...ByteDance founder Zhang Yiming to step down as CEOZhang Yiming, founder of TikTok owner ByteDance, told employees of the Chinese technology giant found in a memo that he will step down as leader...Bitcoin tumbles below US$40,000 after China issues warningBitcoin plunged below US$40,000 for the very first time in even more than 90 days on Wednesday (May 19) after China said cryptocurrencies would not...The Debt Panel: 'My brother is stuck in India and can't pay his credit card debt'My brother was living in the UAE, but has been around India since November and does not have a job. He's hoping to return to...Changed by pandemic, various workers won't go back to old jobsThere’s a good wild card in the force to come back to pre-pandemic lifestyle: Many personnel don’t want to return to the careers they once...Toyoda Gosei starts operation of new auto airbag plant in MexicoToyoda Gosei Co Ltd has generated a new plant in Mexico, the TAPEX Mexicana, S.A. de C.V. (TAPEX) Monterrey Plant, and began its development of...Samsung Vanishes from China's 5G Phone MarketSamsung has virtually disappeared from China's 5G smartphone market, which signifies that it has globally been outpaced not merely by Apple but also Chinese rivals.Until...Retail Investors Dump Tesla as Inventory TanksRetail investors in Korea have dumped US$43.27 million worth of Tesla shares up to now this month as the favorite stock tanked.Tesla, together with Samsung...Taiwan’s Electronics manufacturers concentrate on Southeast Asia amid China-US tensions, Covid-19A new wave of relocations and regionalisations of production facilities of Taiwanese electronics manufacturers from China to Southeast Parts of asia is underway. The moves...UK ministers consider contingency programs for local lockdownsBritish ministers are thinking about contingency plans for local lockdowns or a delay to reopening over June 21 on response to concern about the pass...Koreans' Forex Deposits Cross $20 BillionKoreans' foreign-currency deposits reach a new all-time high for the 3rd straight month found in April. The Bank of Korea explained Monday that overseas deposits...Japanese airlines eye low-cost services to operate a vehicle post-pandemic growthWhile uncertainty remains over when -- or if -- travel demand can make a full-fledged recovery from the coronavirus pandemic, Japan's two major airlines are...Business Lobby Asks Conglomerates to employ More StaffThe Korea Enterprises Federation has urged big conglomerates to freeze wages and hire more workers instead.The KEF sent a message on Sunday to its 4,300...Myeong-dong Shopping District Becomes Ghost TownSeoul's downtown shopping district of Myeong-dong is on a sharp decline. Gone will be the days when the glitzy storefronts and bustling stalls in the...Korean Businesses in India Hit by COVID CrisisKorean businesses in India have already been hit hard by the huge surge in coronavirus infections there.With a population of 1 1.4 billion people, India...Philip Morris to phase out cigarettes in Japan within decadeThe top of tobacco giant Philip Morris said the business will phase out conventional cigarettes in Japan within 10 years, in an interview with the...How solitude is wonderful for business and helps in reducing burnoutsIf you have members of the family across the world like I do, it’s likely that that you will be celebrating Eid from them because...US wants COVID-19 vaccine patent waiver to benefit world, not boost China biotechThe Biden administration is examining methods to make certain that a waiver of COVID-19 vaccine patents to assist poor countries won't hand sensitive US biopharmaceutical...Japan Airlines reports ¥286.7 bil lossJapan Airlines posted an gross annual net lack of 286.7 billion yen ($2.6 billion) Friday but did not release a forecast for the existing financial...Koreans Trade More Cryptocurrencies Than AmericansKorea has more small cryptocurrency exchanges compared to the U.S. or Japan and more highly volatile types of cyber money are traded here.A total of...Korea's Foreign Reserves Hit Another RecordKorea's foreign-currency reserves reached another record of US$452.31 billion in late April, up $6.18 billion from per month earlier, the lender of Korea said Thursday.The...Gap Between Top and Bottom Franchises WidensConvenience stores, fried-chicken chains and cheap American-style pizza restaurants were being among the most successful franchises in Korea in 2019, but many languish as the...Nissan to sell overall Daimler stake for $1.4 billionNissan on Wednesday announced the sales of its entire 1.54 percent stake in German auto giant Daimler for about 1.15 billion euros ($1.4 billion), carrying...U.S. pressing Taiwan to provide more chips to U.S. automakersThe U.S. Commerce Division can be pressing Taiwan Semiconductor Making Co Ltd and various other Taiwanese organizations to prioritise the demands of U.S. automakers to...Dubai Investments targets acquisitions to diversify its portfolioDubai Investments is assessing acquisitions in healthcare, education and different sectors and can soon start a new real estate project worthy of Dh1 billion in...Kia's 1st Fully Electric Vehicle Views Strong Demand in EuropeKia's first fully electric vehicle, the EV6, possesses seen strong demand in Europe since its unveiling in March.The automaker said Wednesday it has received over...Non-oil exports from Saudi Arabia to the US increase despite pandemicNon-oil exports from Saudi Arabia to the US increased by 3.5 % last year, regardless of the disruption caused by Covid-19, in line with the...TikTok taps new CEO from Chinese mother or father firmThe fast-growing video-sharing application TikTok has named a fresh top executive who'll keep his responsibilities at Chinese parent firm ByteDance.A statement said Shouzi Chew, ByteDance's...Egypt court upholds seizure of Japanese ship that blocked Suez CanalAn Egyptian courtroom Tuesday rejected an appeal by who owns an enormous container ship of the court-ordered seizure of the vessel over a financial dispute.Egyptian...Yellen clarifies she actually is not really predicting Fed rate increasesUS Treasury Secretary Janet Yellen said on Tuesday (May 4) that she actually is not predicting when the Federal Reserve may need to start raising...1st Glimpse of Samsung's New Foldable Phones Hits WebSamsung has started a teaser campaign because of its next foldable smartphones, the Galaxy Z Fold 3 and Galaxy Z Flip 3, with a strategic...Amore Pacific's Earnings Soar as China Returns to NormalAmore Pacific has emerged from a lackluster year to attain a substantial turnaround in earnings in the first quarter thanks to recovered demand in China,...Hyundai's Sales Double On-YearHyundai's global sales doubled in April compared to a year ago, though that was mainly because they plunged during the same month last year as...Koreans Shun Overseas Postings Amid PandemicWell-paid out overseas postings, long the dream of many Korean workers, possess quickly lost their luster as a result of coronavirus pandemic.The Korea Federation of...How exactly to strike a balance in a post-pandemic officeWith the UAE leading the Arab World in the Covid-19 vaccine drive, administering more than 10 million vaccine doses so far, businesses are planning for...Venezuela triples wages but still not enough to get foodVenezuela almost tripled its minimum wage Saturday (May 1) but inflation is indeed outrageous that that sum of money won't even buy a kilo of...To disconnect gains ground as pandemic brings work homeA couple weeks into Italy's first coronavirus lockdown in March this past year, Andrea Pestarino started setting a 5.30 p.m. alarm as a reminder it...Mediacorp launches Bloomr.SG MCN accelerator to galvanise content creators in SingaporeSingapore’s major content company, Mediacorp, has unveiled a comprehensive programme made to equip budding content creators with the practical skills, knowledge and hands-on experience they...Big Chinese companies fined over anti-monopoly lawChina fined 11 companies including tech giant Tencent on Friday (Apr 30), taking aim at their acquisitions and joint ventures as authorities target monopolistic practices.The...ANA predicts rebound after record annual lossJapan's biggest airline ANA reported its worst ever annual loss on Friday but predicted a rebound to profit this financial year, with its vice president...South Korean Gov't to Tighten Housing Loan Requirements AgainThe federal government is tightening housing loan requirements again in order to rein in mushrooming household debt.From July, housing loan rules will be tightened for...S&P Maintains S.Korea's AA Rating Amid Strong Growth OutlookGlobal ratings agency Standard & Poor's has maintained South Korea's credit history at AA.S&P affirmed South Korea's economy as stable and expected it to keep...Samsung Heirs Announce Donation to Offset Inheritance TaxThe heirs of Samsung chairman Lee Kun-hee will donate a cache of priceless artworks to the nation together with W1 trillion in cash for medical...Questions Remain over Samsung InheritanceSamsung on Wednesday didn't reveal how much of patriarch Lee Kun-hee's shareholdings in Samsung subsidiaries each heir will probably inherit.Lee owned 4.18 percent of Samsung...Samsung Unveils New Premium LaptopsSamsung on Wednesday unveiled the Galaxy Book Pro premium laptops in its first dedicated launch event for mobile computing.The notebook market has seen a surprising...Muji announces switch from PET bottles to aluminum cansJapanese retailer Mujirushi Ryouhin, often shortened to Muji, sells a variety of items that include stationery, furniture, and even food, with a style of no-frill...Average Apartment Price in Seoul Surpasses W1.1 BillionThe common price of apartments in Seoul has surpassed W1.1 billion for the very first time, just seven months after it exceeded W1 billion (US$1=W1,110).According...Flights from London to Resume Next WeekDirect flights between Incheon and London resume on, may 7 after substantial progress in the U.K.'s coronavirus vaccination drive.The federal government on Monday made a...Chinese-Food Franchises Have Best Chance of SurvivalChinese chain restaurants have the lowest chance of failing among food franchises in Korea, according to a report by the Fair Trade Commission predicated on...Koreans Still Work Long Hours Despite Shorter Working WeekThe mandatory 52-hour cap on the working week has not actually reduced office hours very much, a recent study suggests.Nam Jae-ryang at the state-run Korea...Ssangyong to Lay off 30% of ManagementCash-strapped Ssangyong will lay off around 30 percent of management after entering court receivership earlier this month.The SUV maker will give pink slips to around...Samsung Boasts Lineup of Budget Phones in KoreaSamsung is set release a its new budget Galaxy M12 smartphone for W198,000 on Wednesday (US$1=W1,117). It's the cheapest phone up to now in the...Korea's Cosmetics Exports Hit RecordKorea's cosmetics exports reached a new record last year. Based on the Korea Customs Service, Korea exported US$6.12 billion of cosmetics in 2020, up 14.8...What role can marketers play in vaccinating the world?This time this past year, several my friends spent their Ramadan nights praying for pharmaceutical companies to create a Covid-19 vaccine soon so the devastation...India’s pharma sector needs a shot in the arm to fight the pandemicAs India grapples with an enormous second wave of coronavirus infections, the country’s pharmaceutical industry is under great pressure to provide vaccines and medicines.Dubbed the...How millennials are spending on wellness to look and feel goodMillennials exist in an environment of social media and tech gadgets. But regardless of the digital connection, feelings of isolation also plague many in this...Salvage effort under method for Indonesian submarine that sank with dozens aboardThe hunt for a missing Indonesian submarine with 53 crew converted into a salvage effort Sunday after recovered debris suggested it broke apart since it...Corporates join forces around, UK and Norway to save lots of tropical rainforestsCompanies such as for example Salesforce, Airbnb, Unilever and Amazon have teamed up with the governments of the US, the united kingdom and Norway to...Recession risk looms with 3rd state of emergencyJapan's government is likely to issue a third state of emergency on Tokyo and three western prefectures that could last for approximately three weeks, according...Honda targeting 100% electric vehicles by 2040Japanese car giant Honda said Friday it could try to have electric and fuel cell vehicles take into account 100 percent of most sales by...Panasonic to buy AI logistics firm Blue Yonder for $7.1 bilPanasonic will buy American AI supply chain software firm Blue Yonder for $7.1 billion, the Japanese company said Friday.The deal can make Blue Yonder a...Lawmakers urge Biden to back 'moral' patent waiver to speed vaccine accessUS lawmakers and nonprofit groups on Friday (Apr 23) heaped strain on the Biden administration to back a non permanent patent waiver for COVID-19 vaccines...More Flights to Nowhere to Be Offered Amid Growing DemandMore flights to nowhere will be accessible amid growing demand from lockdown-fatigued travelers who miss getting aboard a plane and searching for duty-free products amid...Retail Investors Snap up W20 Trillion Samsung SharesRetail investors have bought W20.06 trillion worth of Samsung Electronics shares so far this season, which is a lot more than the W15.7 trillion they...Bitcoin Exchanges Could Be Turn off en MasseFinancial Services Commission Chairman Eun Sung-soo on Thursday warned that a huge selection of cryptocurrency exchanges face closure in the government's crackdown on the booming...Fashion industry evolves, as virus forces a rethinkThe pandemic has torn a multibillion-dollar bite from the fabric of Europe's fashion industry, stopped runway shows and forced brands to show their designs digitally...Toshiba brushes off renewed push from CVC on acquisition bidToshiba Corp on Tuesday brushed off a brand new missive from CVC Capital Partners about the global fund's proposal to acquire japan manufacturer, though it...Kia Launches Face-lifted K3 SedanKia launched its new K3 sedan on Tuesday. The partially face-lifted sedan is equipped with various high-tech features to aid driving and enhance convenience.With the...Unstoppable KOSPI Scales Another HighThe Korea Composite Stock Price Index closed at just one more record on top of Tuesday powered by strong foreign buying to close up 0.68...Department Stores Boom Because of Pent-up DemandDepartment stores' revenues during a recent spring sale soared some 45 percent when compared to same seasonal event this past year as lockdown-fatigued shoppers ventured...72,000 Manufacturing Jobs Disappeared THIS PAST YEARAround 72,000 manufacturing jobs were lost in 2020 as factories packed up and headed abroad to the stage where overseas investment by Korean companies surpassed...Shanghai Motor Show a Battleground for Electric CarsThe Auto Shanghai, among the world's major automotive exhibitions, opened on Monday in the Chinese city with around 1,000 carmakers and parts manufacturers displaying around...Samsung Beats Apple to advertise with New Locator TechnologySamsung has launched a new smart tracker with an ultra-wideband (UWB) radio and Bluetooth low energy (BLE) technology.The electronics giant on April 16 released the...More Small Businesses PUT UP Without Any StaffMore and more smaller businesses want to survive by making do without any staff as the drastic minimum wage hike was compounded by the coronavirus...Duty-Free Shops Depend on In-Flight Sales to NowhereDuty-free shops are counting on in-flight sales on popular flights to nowhere amid the coronavirus pandemic as airport sales have dwindled to only trickle.To help...More Airport to provide Flights to NowhereCash-strapped airlines will offer you unexpectedly popular flights to nowhere from more airports.Up to now such flights took off and landed again only at Incheon...Interest Rate Frozen for Another MonthTHE LENDER of Korea on Thursday decided to maintain the country's benchmark interest at 0.5 percent for another month, marking almost a year of record-low...