
Xiaomi says it sued US defense and treasury departments to protect its business
Feb 01, 2021 05:28 am UTC| Business
Xiaomi recently filed a lawsuit against the U.S. Treasury and Department of Defense in its bid to overturn the decision to blacklist the company. The Chinese smartphone manufacturer wants its name removed from the...

S. Korean shipbuilders to resist price hike demands by local steelmakers
Jan 30, 2021 10:42 am UTC| Economy Business
South Korean shipbuilders have reached a consensus not to agree to local steelmakers demands to increase prices of thick steel plates, which account for about one-fifth of shipbuilding costs. POSCO, the countrys largest...

Pepsi to test market for cocoa cola
Jan 29, 2021 23:58 pm UTC| Business
Pepsi is open to larger-scale production of its Cocoa Cola if there is customer demand for the new flavor concocted to capitalize on the cozy, winter drink. The food company would open tasting opportunities for the new...

PepsiCo to offer plant-based snacks in collaboration with Beyond Meat
Jan 29, 2021 23:55 pm UTC| Business
PepsiCo will develop and sell snacks and drinks made from plant-based protein, in collaboration with alternative meat company Beyond Meat. The joint venture between PepsiCo and California-based Beyond Meat will invent...

LG Electronics posts record 262.3 billion won Q4 earnings on robust home appliance sales
Jan 29, 2021 23:50 pm UTC| Business Technology
LG Electronics Inc. posted a record net profit of 262.3 billion won in the fourth quarter of 2020 on robust home appliance sales, swinging from a net loss of 849.8 billion won in 2019. The companys also posted its...

S. Korea records 11.85 million 5G users in 2020
Jan 29, 2021 23:48 pm UTC| Business Technology
South Koreas 5G subscribers reached 11.85 million last year, up over 900,000 from the previous month, according to the Ministry of Science and ICT. The number of 5G users accounted for 16.8 percent of South Koreas 70.5...

Elon Musk says he will remain CEO of Tesla for several years more
Jan 29, 2021 10:01 am UTC| Business
Elon Musk has many plans for the future, and it mostly involves advanced technology. He is also aiming to visit Mars, and as a businessman and CEO of Tesla and SpaceX, he said that he is not planning to remain as his...