
S. Korea to double amount of taxes on vape juice
Sep 24, 2020 03:36 am UTC| Business
South Korea will nearly double the taxes on nicotine solutions used in electronic cigarettes, which are called e-liquid or vape juice, from 525 won to 1,050 won a milliliter. The nicotine solutions are heated in the...

Warner Bros. to pull out of S. Korean market
Sep 24, 2020 02:52 am UTC| Business
Warner Bros. will pull out of the South Korean market due to years of disappointing performances, and will merely wrap up projects that are in post-production or production. An official from Warner Bros Korea, the South...

Sep 24, 2020 02:37 am UTC| Business
Stocks of Korean EV battery firms took a nosedive by as much as 10 percent after Tesla founder Elon Musk announced plans to recycle battery cells at its Nevada factory, and to manufacture its own battery cells at several...

Doosan Heavy to raise 2.2 trillion won from asset sale
Sep 23, 2020 09:59 am UTC| Business
Doosan Heavy Industries Construction Co. (DHIC) will expedite its self-rescue plan by raising 2.2 trillion won in the sale of Doosan Engineering Construction Co., its stake in Doosan Infracore Co., and new shares worth...

US pork exports to China via Brazilian firm surge 370%
Sep 23, 2020 09:53 am UTC| Business
Brazils JBS SA shipped 370 percent more US pork to China this year through Aug. 31 than in the same period in 2017. JBS noted that exports comprised largely of parts that American consumers generally do not eat, like...

SK hynix invests $55 million in its first AI entity Gauss Labs
Sep 23, 2020 09:44 am UTC| Business
SK hynix will invest $55 million in artificial intelligence solutions company Gauss Labs through 2022 to develop revolutionary semiconductor manufacturing solutions. It is part of SK Groups AI strategy to create new...

Nike shares soar 8% after posting higher-than-expected revenue
Sep 23, 2020 07:31 am UTC| Business
Nikes stock soared over 8 percent in after-hours trading Tuesday after it reported a revenue of $10.6 billion to beat analysts expectations of $9.14 billion for the three months ended August 31. The $10.6 billion...
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