Seven car firms in S. Korea to recall 13,863 vehicles over faulty parts
Apr 29, 2021 14:34 pm UTC| Economy Business
Mercedes-Benz Korea, BMW Korea, and five other car companies will voluntarily recall 13,863 units to fix faulty components in seven models, according to the Ministry of Land, Infrastructure and Transport said in a...
Hyundai Construction Equipment's net profit soars in Q1 on overseas demand
Apr 29, 2021 14:28 pm UTC| Economy Business
Hyundai Construction Equipment Co. posted a net profit of 59.4 billion won in the first quarter compared, up nearly 60-fold from the 1.2 billion won a year ago. The company sold 3,179 excavators valued at 964.9 billion...
State-run energy firms KNOC, Kores face tougher restructuring
Apr 29, 2021 14:19 pm UTC| Economy Business
The South Korean government should intensify belt-tightening moves on troubled state-run resource firms as concerns increase of their financial health further deteriorating, according to a task force of experts. Among...
Sony to purchase back $1.8 billion shares after profit misses estimates
Apr 29, 2021 11:03 am UTC| Economy Business
Sony Group Corp. will buy back up to 200 billion ( $1.8 billion) of its shares after it posted a quarterly operating profit of 66.5 billion, below the 74 billion expected by analysts. Sony sold 3.3 million PlayStation 5...
Amazon to implement wage increase for 500,000 workers
Apr 29, 2021 09:43 am UTC| Business Economy
Amazon may have had issues with its workers, and there are also talks about the formation of a union, but it recently announced something that will make its employees happy. It was reported that the e-commerce giant will...
Nestle reveals company revamp plan; Factory closure places 573 jobs at risk
Apr 29, 2021 09:34 am UTC| Business Economy
Nestle is revamping its business in the U.K., and although the plans were said to be very beneficial, it also placed 573 jobs at risk. This is because part of the strategy is to close down some of the companys...
Boeing 737 MAX deliveries halted over electrical issues
Apr 29, 2021 09:11 am UTC| Business Economy
Boeing had to stop the ongoing deliveries of its 737 Max plane units due to electrical issues. The aircraft maker said on Wednesday, April 28, that it made the decision as the discovered defect already grounded over 100...
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