
Naver fined 1 billion won for predatory real estate practices
Sep 06, 2020 22:52 pm UTC| Business Law
South Koreas Fair Trade Commission (FTC) slapped Naver with 1.032 billion won in fines and advised it to take corrective action for predatory real estate practices in actively blocking Kakao from entering the real estate...

Japan's fishing firms boosting frozen yellowfin sales to households
Sep 06, 2020 11:20 am UTC| Business
Fishing companies and cooperatives are hoping to expand sales of frozen yellowtail products mainly targeting households in foreign countries as demand from Japanese restaurants abroad plummeting. Those in the fishing...

Nissan unveils cost-saving process in producing car material
Sep 06, 2020 07:35 am UTC| Business
Nissan achieved a cost savings breakthrough in producing molding carbon fiber reinforced plastic (CFRP) by shortening the production time from three to four hours to just two minutes with a new casting procedure for the...

Pakistan’s PIA says it's futile to appeal EU flight ban
Sep 05, 2020 04:44 am UTC| Business
Pakistan International Airlines (PIA) will not appeal against a six-month ban imposed by the European Union Aviation Safety Agency (EASA) on its flights to bloc members due to the dubious qualifications of its...

Walmart+ poised to challenge Amazon Prime
Sep 05, 2020 03:18 am UTC| Business
Walmart will launch a membership program that offers free same-day delivery as it takes on e-commerce behemoth Amazon. Dubbed Walmart+, the service starts September 15, charging $98 annually or $12.95 a month. On top...

Samsung takes 28.3% share as top tablet vendor in Europe, Middle East, Africa
Sep 04, 2020 23:20 pm UTC| Business
Samsung Electronics Co. shipped 3.37 million tablets in the Europe, Middle East, and Africa (EMEA) market in the second quarter, taking a 28.3 percent market share, up 7.6 percent from a year earlier. Industry...

S. Korea's ice cream exports up 11% so far this year
Sep 04, 2020 20:41 pm UTC| Business
South Korean ice cream and popsicle exports from January to August reached US$47 million, up 11.1 percent from last year, amid a drop in the countrys overall overseas shipments. The US was the largest exporter for South...
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