
US drugmakers Pfizer, Sanofi, GSK to hike prices due to reduced demand
Jan 01, 2021 11:25 am UTC| Business
Drugmakers including Pfizer Inc, Sanofi SA, and GlaxoSmithKline Plc are raising prices on over 300 drugs in the US on Jan. 1 due to reduced demand for some drugs triggered by the pandemic. As lesser doctor visits on...

US EPA finalizing greenhouse gas emissions rules for airplane
Jan 01, 2021 06:25 am UTC| Business
The US Environmental Protection Agency is finalizing the first-ever proposed standards regulating greenhouse gas emissions for airplanes used in commercial aviation and for large business jets. The EPA has been...

Posco readies steel supply for surging LNG tank market
Jan 01, 2021 05:30 am UTC| Business
Posco is readying to expand steel supply for liquefied natural gas (LNG)-fuel tanks on expectations that global demand for environmentally-friendly vessels will increase rapidly next year. A surge in demand for LNG is...

Daimler agrees to $30 million penalty for delayed truck recalls in US
Jan 01, 2021 04:31 am UTC| Business
Daimler Trucks North America agreed to a $30 million penalty slapped by the National Highway Traffic Safety Administration (NHTSA) for failing to resolve an investigation of delayed recalls. Daimler AGs North American...

KDB refuses SsangYong's financing request
Jan 01, 2021 03:50 am UTC| Business
The Korea Development Bank (KDB) turned down SsangYong Motors request for financing after the latter requested an autonomous restructuring support (ARS) program with a local court. KDBs decision would force SsangYongs...

S. Korea posts 10.9 million 5G users in November
Jan 01, 2021 01:36 am UTC| Business Economy
South Korea registered 10.9 million users on fifth-generation (5G) wireless networks as of end-November, accounting for 15.5 percent of the total 70.5 million mobile subscriptions. According to data compiled by the...

Value output of S. Korea's bio sector up 16.2% in 2019
Jan 01, 2021 00:33 am UTC| Business
South Koreas bio-industry increased its value output by 16.2 percent to 12.32 trillion won in 2019 from 10.48 trillion won the previous year due to robust growth of the outsourced business. According to data from the...