Amazon paying customers for damages over defective goods sold by third-party sellers
Aug 11, 2021 07:02 am UTC| Business Economy
Amazon will be paying up to $1,000 to customers who purchased what were said to be dangerous items on its site but were sold by third-party sellers. It was said that the e-commerce company is changing its return policies...
Google to deduct wage of employees who opt to work from home: Report
Aug 11, 2021 05:55 am UTC| Business Economy
Google is reportedly implementing pay cuts for employees who will not return to work in the office and prefer the work-from-home set-up. Before the COVID-19 pandemic started, workers were coming to offices to work, but the...
Alibaba criticized for delay in acting on rape allegations by employee vs manager
Aug 10, 2021 23:59 pm UTC| Economy Business
Chinas biggest online commerce firm, Alibaba Group Holding Ltd was criticized by state media for not acting against one of its managers accused of rape until the accuser went public. The accuser, a female employee,...
More S. Koreans buying LP records and turntables despite easy access to online music
Aug 10, 2021 23:58 pm UTC| Life Economy
Long-playing (LP) records and turntables are gaining popularity among South Koreans despite easy access to music via online resources. Online shopping mall Gmarket reported a 30 percent increase in turntable sales in...
S. Korea's LG Chem to use 100% renewable energy for its plants in China
Aug 10, 2021 23:58 pm UTC| Economy Business
South Koreas LG Chem Ltd. has signed a third-party power purchase agreement (PPA) with Zhejiang Zheneng Electric Power for 50 GWh of renewable energy annually to power its two battery component plants in China with 100...
LG Electronics, LG Chem allocate 325 billion won for Bolt EV recall costs
Aug 10, 2021 23:57 pm UTC| Economy Business
LG Electronics Inc. and LG Chem Ltd. allocated a combined 325.6 billion won in provisions for costs related to General Motors (GM) Co.s recall of 68,000 Chevrolet Bolt electric vehicles (EV) over potential fire...
S. Korean banks' revenues from crypto transaction fees surge 140%
Aug 10, 2021 23:57 pm UTC| Digital Currency Economy
K bank, NH Nonghyup Bank, and Shinhan Bank made a total of 16.9 billion won from the transaction fees of the four cryptocurrency exchanges -- Upbit, Bithumb, Coinone, and Korbit-- in the second quarter, despite heavy...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects