Panasonic unloads Tesla stake for $3.6 billion
Jun 26, 2021 21:35 pm UTC| Economy Business
Panasonic Corp sold its stake in Tesla Inc for about $3.61 billion in the year ended March, to reduce its dependence on the electric carmaker and raise cash for investing in growth. The Japanese conglomerate acquired...
Taco Bell tests pea-based Chalupa shell
Jun 26, 2021 21:26 pm UTC| Economy Business
Taco Bell is testing a Naked Chalupa with a crispy shell made of pea instead of the usual fried chicken. Dubbed the Naked Chalupa with a Crispy Plant-Based Shell, this vegan option was created using Taco Bells pea...
N. Koreans blamed for cyberattacks using fake S. Korean gov't addresses
Jun 26, 2021 15:53 pm UTC| Economy Technology
North Korea-linked hackers are suspected of using manipulated email addresses from the South Korean government in carrying out cyberattacks to steal user information, according to cybersecurity firm...
Seoul court rules Netflix should pay network usage fee
Jun 26, 2021 13:45 pm UTC| Economy Business Law
The Seoul Central District Court ruled that global video streaming giant Netflix should pay network usage fees to and negotiate with SK Broadband. Netflix had requested the court to confirm that it is not liable to pay...
S. Korea's POSCO to set up US$ 600 million automotive steel sheet JV with China's HBIS Group
Jun 25, 2021 23:20 pm UTC| Economy Business
South Koreas POSCO has signed a deal with HBIS Group, Chinas second-biggest steelmaker, to set up a US$600 million 50-50 joint venture in Laoting County in China. The deal was signed online by POSCO Chairman Choi...
Doosan shareholders approve plan to set up forklift subsidiary
Jun 25, 2021 23:18 pm UTC| Economy Business
Doosan Corp. shareholders approved a plan to spin off the forklift business division and set up a wholly-owned subsidiary on July 1 to be named Doosan Industrial Vehicle Co. Under the 750 billion-won deal signed in...
S. Korea's Constitutional Court upholds law banning Tada
Jun 25, 2021 23:13 pm UTC| Economy Law Business
The Constitutional Court ruled that an amendment to the Passenger Transport Service Act that effectively suspended the operations of homegrown ride-hailing service Tada was ruled constitutional. The court said Tadas...
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