Naver, CJ Logistics working on next-day delivery business to rival Coupang
Jun 21, 2021 08:56 am UTC| Business Economy
Naver and CJ Logistics are working on something new as part of their strategic alliance. The companies opened two new fulfillment centers in an effort to push for the next-day delivery service. The Korea Herald reported...
Asiana Airlines and affiliated firms facing potential delisting from Kospi
Jun 21, 2021 07:49 am UTC| Business Economy
Asiana Airlines is the no.2 carrier in South Korea but it was reported that it may be delisted from the Korea Exchange. Two of its affiliates including Air Busan and Asiana IDT, are also facing the same fate, according to...
Kakao climbs to No. 5 as S. Korea’s largest firm based on market cap
Jun 21, 2021 07:41 am UTC| Business Economy
Kakao Group started off as the operator of the popular KaKatoTalk, a mobile messenger app and over the years, it has aggressively expanded its business to new territories. It succeeded every time and now it is one of South...
LG Electronics to file patent lawsuits after mobile business exit to have extra source of income
Jun 21, 2021 05:46 am UTC| Business Economy
LG Electronics is reportedly planning to file lawsuits against companies that try to use its mobile technologies without legal permission to do so. It was said that another reason for this move is to find new sources of...
Australia's 2.5% minimum wage rise: there's something in it for you, and the economy
Jun 20, 2021 12:24 pm UTC| Economy
Australia has a serious wage problem. Over the past decade wages for all but the top 20% of income earners have flat-lined. This is part of the longer-term problem concerning productivity and wages identified by groups...
What's the charitable deduction? An economist explains
Jun 20, 2021 12:22 pm UTC| Economy
The charitable deduction is a dollar-for-dollar reduction in taxable income that lowers what someone owes the Internal Revenue Service. Only donations to tax-exempt charities count. This giving incentive is available...
Small towns are collapsing across South Africa. How it's starting to affect farming
Jun 20, 2021 12:13 pm UTC| Economy
Farming and agribusiness play a crucial role in sustaining the economies of small towns and rural areas. There is a lot of evidence of this in the economic literature and in the popular media. This dependency has its...
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