
Australia develops prototype plastic KitKat food wrapper made of recycled material
Mar 20, 2021 00:55 am UTC| Business
Packaging firm Amcor has developed Australias prototype plastic food wrapper aimed at reducing plastic waste in the environment in partnership with several companies. The wrapper is first to be used in Nestles KitKat...

Samyang Foods sets record sales of 648.5 billion won in 2020
Mar 20, 2021 00:39 am UTC| Business
South Koreas Samyang Foods set record sales last year of 648.5 billion won, up by 19.3 percent on-year, and an operating profit of 95.3 billion won, jumping 21.9 percent on-year. Overseas sales increased 35.8 percent...

US appeals WTO report on S. Korea's steel, transformers tariffs
Mar 20, 2021 00:16 am UTC| Business
The US has appealed a World Trade Organizations panel report that it violated rules in imposing high tariffs on South Korean steel and power transformer products. The WTOs Dispute Settlement Body had canceled the...

Taiwan's Foxconn and Vietnam's VinFast explore electric vehicle partnership
Mar 20, 2021 00:04 am UTC| Business
Vietnams Vinfast is negotiating with Taiwans Foxconn about forming a partnership focused on developing batteries and electric car parts. Foxconn has proposed acquiring EV production lines owned by VinFast, the car unit...

British Airways may sell headquarters due to reduced need for office space
Mar 20, 2021 00:02 am UTC| Business
British Airways is considering selling its headquarters building due to the dwindling need for office space after a shift to working from home. As many of its employees enjoy working from home, British Airways plans a...

Baemin facing allegations of discrimination against foreigners in S. Korea
Mar 19, 2021 09:59 am UTC| Business
Baemin that is also locally known as Baedal Minjok is one of South Koreas biggest food delivery app. It is now facing heavy criticisms after being accused of discriminating against foreigners in South Korea. The...

China's Geely to launch new EV brand to take on Tesla
Mar 19, 2021 09:54 am UTC| Business
Chinas Geely plans to sell its electric vehicles under a new brand named Zeekr for the premium segment and as it prepares to compete with Tesla. The brand would be launched under an EV entity Lingling...