South Korea slaps Facebook, Netflix with heavy fine of $5.7 million for privacy violations
Aug 26, 2021 06:20 am UTC| Business Economy
Facebook and Netflix were hit with a heavy fine in South Korea. The countrys regulator on personal information protection said that the American tech companies violated some privacy rules, so they were penalized and must...
NFT sales surge in August as speculators pile in
Aug 26, 2021 04:23 am UTC| Digital Currency Economy
Non-fungible token (NFT) sales surged in August as speculators bet growing interest across the art, sport, and media worlds will keep prices rising, according to the largest platform for the burgeoning digital asset...
Nissin Foods reports 50 billion unit sales milestone for Cup Noodles
Aug 26, 2021 04:04 am UTC| Economy Business
Nissin Foods Holdings Co. reported selling 50 billion units of its Cup Noodles worldwide, ahead of the 50th anniversary of the products launch this September. Cup Noodles has become a longtime seller thanks to...
Walmart to provide delivery service for other businesses
Aug 25, 2021 23:07 pm UTC| Economy Business
Walmart will begin delivering other retailers products directly to customers homes as fast as just a few hours to expand its sources of profits and revenues beyond its core retail businesses. For the service, dubbed...
Purchases by S. Koreans of ready-to-consume coffee grow 5.9% to 672.9 billion won in H1
Aug 25, 2021 20:56 pm UTC| Life Economy
South Koreas market for convenient coffee beverages expanded 5.9 percent on year to 672.9 billion won in the first half amid the coronavirus pandemic. Canned coffee accounted for 258.6 billion won in sales, up 1.7...
Kakao Mobility to suspend affiliated drivers who ask passengers not to use its service
Aug 25, 2021 20:46 pm UTC| Life Economy
Kakao Mobility Corp. is threatening to suspend 33 affiliated taxi drivers who told passengers to stop using its taxi-hailing service Kakao T or recommended they use other platforms during the May to July...
Burger King promotes former store manager to president of its U.S. and Canada line
Aug 25, 2021 09:33 am UTC| Business Economy
Burger King announced it promoted Tom Curtis as the companys new President of BKs U.S. and Canada. Prior to his new appointment, he has been serving as the restaurant chains chief operating officer since April of this...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects