
Hugo Boss: Chinese celebrities lambaste the luxury fashion brand over Xinjiang
Mar 29, 2021 09:52 am UTC| Business
Hugo Boss is the latest fashion luxury brand that has come under fire in China. Chinese celebrities reportedly lambasted the label and called for its boycott due to its stance on the Xinjiang issue. Hugo Boss slammed by...

SK Innovation reveals pull out in the U.S. as one of its options following USITC ruling
Mar 29, 2021 09:24 am UTC| Business
SK Innovation recently aired what it thinks about the U.S. International Trade Commissions ruling against the company. It received a harsh punishment of a 10-year ban in America, and SKI is calling this decision...

MagnaChip Semiconductor: S. Korean chipmaker sold to Chinese private equity fund for $1.4B
Mar 29, 2021 08:48 am UTC| Business
MagnaChip Semiconductor Corp. revealed it is selling the company to Chinese PEF for $1.4 billion. The South Korean chipmaker is listed on the New York Stock Exchange (NYSE), and it just announced its signed agreement with...

South Korea fines LG Hausys, rivals for exaggerated advertising
Mar 29, 2021 07:57 am UTC| Business
The Korea Fair Trade Commission (KFTC) fined five manufacturers of windows a combined 1.28 billion won for misleading consumers through advertisements to believe that their products can sharply reduce energy costs. LG...

GM’s CEO Mary Barra asked to resign amid racism allegations
Mar 29, 2021 07:51 am UTC| Business
GM is facing racism allegations after some Black-owned media companies accused the companys chief executive officer, Mary Barra, of being racist. The head of some of these media firms, including Byron Allen of the Allen...

Honda to sell UK car plant but denies it was due to Brexit
Mar 29, 2021 07:40 am UTC| Business
Honda has agreed to sell its only British car plant at Swindon in southern England to logistics giant Panattoni, two years after it announced its intention to cease production at the said plant. The plant builds its...

S. Korea's LG Uplus to supply Thailand's AIS with 5G content
Mar 29, 2021 07:37 am UTC| Business
LG Uplus Corp. has signed a deal to export US$11.14 million worth of augmented reality (AR) and virtual reality (VR) 5G content to Thailands top mobile carrier, Advanced Info Service (AIS). Under the deal, LG Uplus will...