JTBC Studios acquires Wiip amid plans for global expansion
Jun 02, 2021 09:04 am UTC| Business Economy
JTBC Studios, one of South Koreas well-known entertainment companies, revealed on Tuesday, June 1, that it is buying Wiip, an independent TV studio in the U.S. The company said it has taken this step as part of its plans...
Jun 02, 2021 07:45 am UTC| Business Economy
Johnson Johnson received unfavorable news for the company on Tuesday, June 1, after the Supreme Court rejected its appeal for the cancellation of a court decision where it was ordered to pay $2.1 billion in...
LG Electronics to convert its smartphone business lines to home appliances production facilities
Jun 02, 2021 06:28 am UTC| Business Economy
LG Electronics has started works to convert its smartphone production facilities overseas to home appliances manufacturing factories. The move was revealed on Tuesday, June 1, and it was shared by sources in the...
Daimler, Nokia settles legal dispute through patent fee payments
Jun 02, 2021 06:08 am UTC| Business Economy
Daimler and Nokia are battling in court for patent infringement claims on the side of the Finnish telecom company. Now the luxury automaker agreed to pay patent fees for using the phone makers patents. The Daimler and...
Japanese govt to pay for over half of chip development project with TSMC
Jun 02, 2021 05:53 am UTC| Economy Business Technology
The Japanese government is paying over half of the 37 billion funding for a semiconductor research project between around 20 Japanese companies and the Taiwan Semiconductor Manufacturing Company (TSMC) to develop...
Samsung SDI shares impacted by "unfair" Morgan Stanley downgrade
Jun 02, 2021 03:42 am UTC| Economy Business Technology
Samsung SDI shares traded on South Koreas Kospi bourse took a battering early this week after Morgan Stanley downgraded its target price from 570,000 won to 550,000 won. On Monday, Samsung SDI shares shed 1.7 trillion...
TSMC's partnership with Japanese firms threatens Samsung's foundry biz: analysts
Jun 02, 2021 03:09 am UTC| Economy Business Technology
Taiwan Semiconductor Manufacturing Co. (TSMC)s strategic partnership with Japanese chipmakers could threaten the status of Samsung Electronics, which is struggling to catch up with the bigger rival, according to...
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’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects