GM integrating AT&T’s 5G connectivity to its vehicle models
Aug 20, 2021 09:28 am UTC| Business Economy
GM or General Motors will be adding the 5G connectivity feature to its vehicle models. The automaker is making this possible through a partnership with ATT. It was reported that starting in 2023, General Motors will be...
Coupang slapped with $2.8M fine by Korea’s FTC over unfair business practices
Aug 20, 2021 09:13 am UTC| Business Economy
Coupang, the South Korean e-commerce company, was slapped with a heavy fine by the Korea Fair Trade Commission (KFTC). It was reported that it was ordered to pay ₩3.29 billion or around $2.81 million over its alleged...
LG Chem investing ₩2.6T to build 10 environmentally-friendly plants in South Korea
Aug 20, 2021 08:55 am UTC| Business Economy
LG Chem will be investing ₩2.6 trillion or around $2.2 billion as part of its plans to scale up its local manufacturing capacity for environmentally safe materials. The South Korean chemical company unveiled this project...
SK Telecom announces plans to globally launch its ifland metaverse platform
Aug 20, 2021 08:51 am UTC| Business Economy
SK Telecom revealed on Thursday, Aug. 19, that it will be offering its metaverse platform called ifland to 80 countries around the world. The South Korean mobile service provider will be launching its virtual meeting...
Samsung ending its vehicle business with Renault via stake sale
Aug 20, 2021 06:15 am UTC| Business Economy
Samsung recently confirmed that it will be making its exit in the auto business. The company was said to have made the decision to end its 26-year venture with Renault. The announcement about its departure from this...
Estimated $97 million in cryptocurrency stolen after Japanese exchange Liquid is hacked
Aug 19, 2021 23:31 pm UTC| Digital Currency Economy
Japanese cryptocurrency exchange Liquid was hit by a cyberattack that allowed hackers to steal $97 million worth of digital coins. Liquids digital currency wallets had been compromised, allowing hackers to transfer the...
Hyundai Mobis to invest 1.32 trillion won in hydrogen fuel-cell plants in Incheon, Ulsan
Aug 19, 2021 23:31 pm UTC| Business Economy Investing
Hyundai Mobis Co. will invest 1.32 trillion won in two local hydrogen fuel-cell plants in Incheon and Ulsan by 2025. The projects are a hydrogen fuel-cell stack plant in Incheon and a hydrogen fuel-cell systems assembly...
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