Hahn & Company to take over embattled Namyang Dairy for ₩310.7 billion
May 28, 2021 09:49 am UTC| Business Economy
Hahn Company will be taking over Namyang Dairy Products after acquiring a controlling stake worth ₩310.7 billion or around $278.2 million. This information was revealed on Thursday, May 27. The company put up stakes...
Mondelez announces acquisition of Chipita for $2 billion
May 28, 2021 08:53 am UTC| Business Economy
Mondelez International, the American food company that makes Oreo cookies, just announced its acquisition of a European snack maker, Chipita, for $2 billion. The companys CEO described the purchase as a win-win for both...
Eli Lilly receives subpoena from DOJ for a case related to its manufacturing plant
May 28, 2021 08:31 am UTC| Business Economy
Eli Lilly gets a subpoena from the U.S. Department of Justice with regards to its manufacturing factory in New Jersey that produces COVID-19 treatment called bamlanivimab. Based on the report, the DOJ wants the...
HSBC to slash its money-losing US banking business through sale
May 28, 2021 07:21 am UTC| Business Economy
HSBC, one of the largest banking and financial services institutions in the world, is withdrawing most of its retail banking business in the U.S. The bank announced its decision on Wednesday, May 26. HSBC stated that it...
Kia to launch an EV ‘pick up and charge’ service for car owners
May 28, 2021 06:13 am UTC| Business Economy
Kia is launching a trial for its pick up and charge program for electrical car owners. The South Korean automaker revealed this information on Thursday, May 27. The Korea Herald reported that this service would be open...
S. Korea to extend 30% passenger car tax cut by another 6 months
May 28, 2021 05:19 am UTC| Economy Business
South Korea plans to extend a 30 percent cut in the consumption tax on passenger cars by another six months in a bid to boost domestic demand. The tax cut was set to expire at the end of June. The South Korean...
BMW Korea to pamper premium members with more perks
May 28, 2021 04:11 am UTC| Economy Business
BMW Korea will provide more perks for owners of its Luxury Class models, such as expanded rental car services, which were previously only available in Jeju. Beginning in August, BMW Excellence Club members within their...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects