
SK Telecom and affiliate fined over unfair biz practice
Feb 24, 2021 23:26 pm UTC| Business Technology
The Korea Fair Trade Commission (KFTC) fined mobile carrier SK Telecom Co. and its internet protocol TV subsidiary SK Broadband Co. 6.4 billion won for hampering market competition between 2016-2019. During the said...

Nine auto firms in S. Korea to recall over 470,000 vehicles over defective parts
Feb 24, 2021 23:23 pm UTC| Business
Nine carmakers operating in South Korea will voluntarily recall 478,371 vehicles to fix faulty components, says the Ministry of Land, Infrastructure, and Transport. The vehicles belong to 171 models. The nine...

Amazon senior VP Jeff Blackburn announces departure from the company
Feb 24, 2021 09:54 am UTC| Business
Amazon is losing another executive this year, as Jeff Blackburn announced earlier this week that he would be stepping down from his post and leave. The companys senior vice president of business and corporate development...

Best Buy is giving bonuses to employees amid impending layoffs
Feb 24, 2021 09:24 am UTC| Business Economy
Best Buy will be giving out bonuses or extra pay to its workers, and this was revealed this week. The American multinational consumer electronics retailer will pay pandemic-related benefits to employees with hourly...

Orion: South Korea's Choco Pie maker announces completion of its manufacturing plant in India
Feb 24, 2021 09:05 am UTC| Business
Orion, South Koreas famous snack confectionery company that makes Choco Pie, is expanding its market. It is planning to further grow its business by entering the Indian business sphere, and it is starting now with the...

Facebook restoring Australian news pages after scrapping the ban following an amicable agreement
Feb 24, 2021 08:17 am UTC| Business Economy
Facebook announced it would be restoring the Australian news pages that it blocked on Monday, Feb.22. The decision resulted from the talks between Mark Zuckerberg and the Australian officials. Australians revised the...

Boeing 777: NTSB reveals findings on UA flight 328 investigation
Feb 24, 2021 07:30 am UTC| Business
United Airlines flight 328 encountered an engine failure emergency while flying from Denver to Honolulu on Feb. 20. The U.S. Federal Aviation Administration immediately ordered an investigation to determine what exactly...