Samyang produces the world's first biodegradable corn-based plastic
Jul 08, 2021 09:19 am UTC| Business Economy
Samyang has discovered a way to produce plant-based plastics. It was reported that the South Korean company developed biodegradable plastic that is strong, durable, and environmentally friendly. The plant-based...
Broadcom under investigation in Korea for alleged abuse of power
Jul 08, 2021 09:14 am UTC| Business Economy
Broadcom, an American developer and manufacturer of semiconductor and infrastructure software products is reportedly being investigated by Koreas anti-trust regulator. Based on the report, the Korea Fair Trade Commission...
Google sued by US states over Play Store's exorbitant commissions
Jul 08, 2021 09:02 am UTC| Business Economy
Google is being sued by states in the U.S. as they said it violated the anti-trust law. The lawyers were said to have filed the lawsuit in the District Court of the Northern District of California on Wednesday, July...
Daewoo E&C union to taking legal action against KDB chairman for alleged malpractice
Jul 08, 2021 08:53 am UTC| Business Economy
Daewoo EC labor union is planning to ask the Board of Audit and Inspection to investigate Lee Dong Gull, chairman of Korea Development Bank (KDB), and Lee Dae Hyun, KDBs investment chief executive officer for possible...
AirAsia taking over Thailand’s Gojek for $50 million
Jul 08, 2021 05:36 am UTC| Business Economy
AirAsia, Malaysias budget carrier, is reportedly in the final stages of discussions to buy Gojeks business in Thailand. The deal with the Indonesian tech company will be another step for the fulfillment of the airlines...
Samsung to exclusively use eco-friendly company vehicles by 2030
Jul 07, 2021 23:40 pm UTC| Economy Nature Business
Samsung Electronics Co. will replace around 800 corporate vehicles with environmentally-friendly ones by 2030, based on its green mobility agreement with the environment ministry. The South Korean tech giants partner...
KEPCO develops vessel that helps quickly install offshore wind power platforms
Jul 07, 2021 23:35 pm UTC| Economy Business
Korea Electric Power Corporation (KEPCO) launched a specially-designed vessel dubbed KMMB 1500 that can lift and transport structures weighing up to 1,500 tons and 140 meters high and help quickly install offshore wind...
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