Toshiba: Oasis not interested in CVC’s 'very cheap' $20 billion offer for acquisition
Apr 14, 2021 08:32 am UTC| Business Economy
Toshiba received a buyout proposal from CVC Capital Partners amounting to $20 billion. This is said to be equivalent to 5,000 per share, but the companys investor Oasis Management stated that this is too low. Toshibas...
Hyundai Motor, Samsung SDI may team up for EV batteries
Apr 14, 2021 07:18 am UTC| Business Economy
Hyundai Motor is taking steps to realize its plans for a shift to totally eco-friendly vehicles and for this, it wants to collaborate with Samsung SDI. Thus, the companies are reportedly looking forward to signing a...
LG Magna, Apple close to signing a deal for the iPhone-maker’s EV project
Apr 14, 2021 06:54 am UTC| Business Economy
LG Electronics has a joint business with Magna International, a Canadian mobility technology company for automakers. Together, they have formed the LG Magna e-Powertrain for their collaboration, and it was reported that it...
S. Koreans wary of Chinese investments in local entertainment companies
Apr 14, 2021 05:20 am UTC| Business Economy
South Koreans are on high alert for Chinese money in the local entertainment industry after the SBS historical drama Joseon Exorcist was canceled last month due to cultural appropriation by China and Chinese product...
Huawei blames US for chip shortage, eyes cooperation with S. Korea, Japan, Europe
Apr 14, 2021 05:10 am UTC| Business Economy
Chinese telecom equipment giant Huawei Technologies Co. blamed the US for a global chip shortage that stalled production across manufacturing industries and called for cooperation with South Korea, Japan, and Europe to...
S. Korea's liquor firms fare badly in 2020 amid pandemic
Apr 14, 2021 01:29 am UTC| Business Economy
South Koreas liquor companies performed poorly in 2020 as people consumed less alcohol due to the coronavirus outbreak, data showed Wednesday. Sales of Lotte Chilsung Beverage Co., a major beer and soju brewer and...
Reuters announces Alessandra Galloni as its new editor-in-chief
Apr 13, 2021 10:29 am UTC| Business Economy
Reuters News just announced that it has appointed its new editor-in-chief and named Alessandra Galloni. She is said to be the very first woman to take the post in the news agencys 170-year history. As per Reuters,...
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