S. Korea includes fintech firms in open banking ecosystem
Jul 28, 2021 23:54 pm UTC| Economy Business
South Korea will expand its open banking platform ecosystem by inviting fintech service users, allowing more to enjoy simpler financial transactions. Starting Friday, users of fintech services can check the balances of...
Starbucks posts all-time high Q2 revenue of $7.5 billion
Jul 28, 2021 23:54 pm UTC| Economy Business
Starbucks revenue soared 78 percent to an all-time high of $7.5 billion in the second quarter as customers flocked to its stores with the impact of the pandemic having receded. The Seattle-based coffee giants revenue in...
S. Korea to allow sidewalk testing of self-driving robots
Jul 28, 2021 23:53 pm UTC| Life Economy
South Korea will allow businesses to test self-driving robots equipped with cameras on sidewalks. Self-driving robots, considered automobiles under local rules, were banned from running alongside pedestrians and could...
POSCO to produce more nickel sulfate for EV batteries
Jul 28, 2021 23:53 pm UTC| Economy Business
South Korean steel giant POSCO will build a refinery for nickel sulfate, a key material in electric vehicle (EV) batteries, which is increasingly in demand. The worlds fifth-largest steelmaker by output said that it...
Lotte Chilsung posts Q2 net income of 31.5 billion won
Jul 28, 2021 23:47 pm UTC| Economy Business
Lotte Chilsung Beverage Co. reported a net income of 31.5 billion won for the April-June period, up 103.2 percent on-year. The South Korean firm added that its second-quarter operating income rose 55.6 percent on-year...
SK joins AirAsia-led digital banking business in Malaysia
Jul 28, 2021 23:43 pm UTC| Economy Business
SK South East Asia Investment has participated as a financial investor in a consortium led by AirAsias digital bank business BigPay vying for a digital banking license in Malaysia. Other members of the BigPay consortium...
Japan’s renewable energy plan threatens LNG market
Jul 28, 2021 23:34 pm UTC| Economy Business
Japans aggressive new plan for more renewables to replace natural gas is expected to reduce the liquefied natural gas (LNG) market by half this decade. The stricter guidelines will also lead to Japanese LNG imports...
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