
S. Korea aims to cut maritime accidents by 30% with marine navigation services
Aug 08, 2020 15:11 pm UTC| Business
South Koreas Ministry of Oceans and Fisheries (MOF) is targetting a 30 percent reduction in maritime accidents by utilizing a smart marine navigation system in offering the worlds first marine navigation services starting...

Korean Air inks deal to supply Kawasaki Heavy with aircraft parts
Aug 07, 2020 01:39 am UTC| Business
Korean Air Lines Co. inked an estimated US$299 million deal from Kawasaki Heavy Industries Ltd. to further supply the aft wheel well bulkhead component for B787 planes through 2030. The deal is an extension of a 2005...

Hyundai teams up with British firm to build urban air mobility infrastructure
Aug 07, 2020 01:33 am UTC| Business
Hyundai Motor Co. will work with British firm Urban-Air Port to build urban air mobility (UAM) infrastructure and recharging stations and conduct maintenance and repair works. The UAM is for handling takeoff and...

UK's AstraZeneca inks COVID-19 vaccine deal with China's Shenzhen Kangtai
Aug 07, 2020 01:30 am UTC| Business
British drugmaker AstraZeneca Plc announced that Shenzhen Kangtai Biological Products would produce its potential COVID-19 vaccine in mainland China. Under the agreement, Shenzhen Kangtai will ensure that it produces...
Google deletes China-linked YouTube channels for posting fake news
Aug 07, 2020 01:23 am UTC| Business
Google announced it deleted over 2,500 YouTube channels tied to China between April and June to weed out disinformation. The Alphabet-owned company said the move was part of its ongoing investigation into China-linked...

Korean Air posts 162-B won Q2 profit due to cargo business
Aug 07, 2020 01:19 am UTC| Business
Korean Air Lines Co. shifted to a net profit of 162.4 billion won in the second quarter, due to a strong cargo demand that offset a sharp decline in passenger travel. It endured a 380.78 billion won net loss in the same...

Walt Disney garners over 100 million paid subscribers for streaming service
Aug 06, 2020 23:40 pm UTC| Business
Walt Disney Co. picked up 100 million paid subscribers for its streaming service and would continue to grow its global direct-to-consumer businesses. In touting its significant milestone, Disney CEO Bob Chapek affirmed...