Hotel Shilla posts 12 billion won net profit in Q2
Jul 31, 2021 23:51 pm UTC| Economy Business
Hotel Shilla Co. reported a second-quarter net profit of 12 billion won, swinging last years loss of 67.7 billion. The companys second-quarter operating income of 46.4 billion was a turnaround from a loss of 63.4...
Toyota sells 5.47 million vehicles in H1 to outpace VW, retains crown as world's best-seller
Jul 30, 2021 23:52 pm UTC| Economy Business
Japans Toyota Motor Corp sold a record 5,467,218 vehicles globally in the first half of 2021, up 31.3 percent on-year, to outpace German archrival Volkswagen AG and retain its crown as the worlds best-selling...
Victoria’s Secret owner vows to strengthen sexual harassment policy in lawsuit settlement
Jul 30, 2021 23:52 pm UTC| Law Economy
Victorias Secret owner L Brands Inc. agreed to a settlement promising corporate governance and management measures, which includes strengthening policies against sexual harassment. Other workplace reforms included in...
Hahn & Co. mulls legal action against Namyang Dairy for takeover delay
Jul 30, 2021 23:51 pm UTC| Law Economy
Buyout firm Hahn Co. is considering legal action against Namyang Dairys ex-Chairman Hong Won-sik for delaying the 310.7 billion won buyout without consent. Namyang Dairy rescheduled the extraordinary shareholders...
AB InBev surpasses pre-pandemic revenue with 27.6% organic growth
Jul 30, 2021 23:48 pm UTC| Economy Business
AB InBev reported organic revenue growth of 27.6 percent to $13.53 billion in the second quarter. The Belgium-based group also posted earnings before interest, taxes, depreciation, and amortization (EBITDA) increase of...
Sports gear maker Win&Win praised for flexible graphene bows after Kim's 2-gold medal Olympic haul
Jul 30, 2021 23:45 pm UTC| Sports Economy
South Korean archer Kim Je-deok recent two gold medal haul at the 2021 Summer Olympics in Tokyo brought praises to South Korean sports equipment manufacturer WinWin for its graphene-enhanced bow. Other than Kims mental...
Samsung unveils progress in developing industry’s first 200-layer NAND
Jul 30, 2021 23:42 pm UTC| Technology Economy
Samsung Electronics Co. has secured driver chips for 200-layer vertical or V-NAND flash memory and is preparing for a production line ramp-up, according to Han Jin-man, senior vice president at Samsungs memory business...
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