Korea Aerospace receives $240 million trainer jet order from Indonesia
Jul 21, 2021 23:35 pm UTC| Economy Business
Korea Aerospace Industries Co. (KAI) has received a $240 million order to supply six T-50 advanced trainer jets to the Indonesian air force from Dec. 16, 2021, to Oct. 30, 2024. As of Tuesday, KAI has exported 154...
S. Korean oil, aviation industries brace for impact of EU’s green jet fuel mandate
Jul 21, 2021 23:32 pm UTC| Economy Business
South Korean airlines and oil refineries are awaiting whether the EUs initiatives on requiring all flights to use sustainable aviation fuels (SAFs) and imposing a new tax on kerosene will ignite a new market for green jet...
Sega of America faces $5 million lawsuit for allegedly deceiving users crane game
Jul 21, 2021 23:24 pm UTC| Law Economy
Sega of America is facing a $5 million lawsuit for allegedly rigging its arcade crane game Key Master against users. The lawsuit claims that Sega deliberately prevented Key Master players from winning until after a...
Osaka University ties up with town of Okoppe to turn cow poop into methanol using LEDs
Jul 21, 2021 23:17 pm UTC| Science Economy
Researchers from the Osaka University and the town of Okoppe are conducting studies to produce methanol by illuminating biogas from cow manure with LEDs. Experiments were conducted at an agricultural and scientific...
Luxury brands LV, Gucci, Balenciaga and Kenzo scramble to attract young S. Korean men
Jul 21, 2021 23:10 pm UTC| Economy Business
Luxury brands Louis Vuitton, Gucci, Balenciaga, and Kenzo are scrambling to attract South Korean men in their 20s and 30s, who are becoming major consumers. Louis Vuitton is opening another Mens store in South Korea at...
Jul 21, 2021 10:29 am UTC| Business Economy
Ben Jerrys is a popular ice cream brand that is owned by Unilever. Recently, the company pulled out the frozen dessert in Palestine, and this move caused various unexpected reactions. While the withdrawal of Ben ...
Tiffany & Co, Costco finally ends long-running lawsuit over counterfeit rings via settlement
Jul 21, 2021 09:59 am UTC| Business Economy
Tiffany Co. and Costco reportedly settled their lawsuit that has been running for more than eight years already. The dispute between the companies was about some common diamond engagement rings that had been named...
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