
Hyundai seeks to purchase GM's $300-M Russian plant
Jul 29, 2020 19:39 pm UTC| Business
South Koreas Hyundai Motor Co. submitted documents to the Russian government toward acquiring the $300 million GM plant in Saint Petersburg. A Hyundai Motor spokesman said that Russias anti-trust regulator would decide...

S. Korea to probe Tesla for possible faulty parts
Jul 29, 2020 09:44 am UTC| Business
South Korea has ordered a probe into Tesla Motors Inc.s Model 3 due to reports it may have faulty parts with its anti-lock brake system and the lane-keeping assist system. If the Model 3 was found to have faulty...
The Harmonist: the perfumes of Lola Karimova
Jul 29, 2020 05:54 am UTC| Business
Lola Karimova-Tillyaeva is a successful business woman with a Ph.D. in psychology who runs the innovative The Harmonist brand. Born in Uzbekistan, she lived and worked in Paris before moving to the US. Former Permanent...

Whitening products to alter branding strategy due to colorism issues
Jul 28, 2020 05:40 am UTC| Business
Cosmetics companies are shifting their branding strategy toward a more inclusive vision of beauty by removing words like white, light, and fair. Its among the series of changes due to Black Lives Matter protests that...

HHI fined 970-M won for stealing technology to force price reduction
Jul 27, 2020 09:55 am UTC| Business
South Korean shipbuilder Hyundai Heavy Industries Co. (HHI) was fined 970 million won for unfair trade with its subcontractors, the countrys Fair Trade Commission (FTC) announced. The FTC said that HHI stole...

Korean Air resumes flights to Tianjin
Jul 26, 2020 21:41 pm UTC| Business
Korean Air Lines Co. will resume flights to Tianjin, northeast China, Tuesday after five months of suspension due to the pandemic. The flights between Incheon and Tianjin will run every two weeks on Tuesdays in July and...

WTO: Global trade hampered by import restrictions
Jul 26, 2020 20:57 pm UTC| Business
World Trade Organization (WTO) members implemented 165 trade-restrictive measures out of the 363 new trade and trade-related measures between October 2019 and May 2020, accounting for 45 percent. The new restrictions...