WhatsApp sues Indian government over new messaging rules
May 26, 2021 22:36 pm UTC| Economy Business Law
WhatsApp has challenged Indian rules that would require it to provide access to encrypted messages via a lawsuit in the Delhi High Court, aggravating their already tense relationship with the Indian government. Facebook...
China’s copper, steel scrap importations hurting S. Korean SMEs
May 26, 2021 21:51 pm UTC| Economy Business
South Koreas massive exports to China of scrap steel, which increased 17-fold on-year to 28,089 tons in April, and of 8,759 tons of scrap copper, up 14-fold on-year, are hurting its domestic companies that are struggling...
BOK expected to raise 2021 growth forecast to 4%
May 26, 2021 21:30 pm UTC| Economy Business
The Bank of Korea (BOK) may raise its 2021 growth forecast to around 4 percent due to strong economic recovery signs amid an aggressive fiscal stimulus, according to economists. In February, the BOK forecast South...
SK nexilis to produce copper foil in Europe
May 26, 2021 21:21 pm UTC| Economy Business
SK nexilis Co. is looking for a site in Europe to house a new copper foil factory that would meet the growing demand for the essential material in rechargeable batteries. The company identified Poland as a strong...
LG-led consortium to manufacture EV batteries in Indonesia
May 26, 2021 21:13 pm UTC| Economy Business
An LG-led consortium will build a $1.2 billion electric vehicle battery factory in Jakarta with an annual capacity of 10-gigawatt hours to supply Hyundai Motor Co. The LG consortium consists of LG Chem Ltd., LG Energy...
LG Uplus and other S. Korean telecom networks are ending 2G services in June
May 26, 2021 10:05 am UTC| Business Economy
LG Uplus and other telecom networks in South Korea are officially terminating the services for 2G phones. On Tuesday, May 25, some of the carriers were already approved for their phase-out plans for 2G...
IGIS reportedly acquiring Millennium Hilton Seoul to turn it into an office building
May 26, 2021 09:42 am UTC| Business Economy
IGIS Asset Management is reportedly in talks of acquiring the Millennium Hilton Seoul for ₩1 trillion or around $891.2 million. Based on the reports, the luxury hotel may be transformed into an office building after the...
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