
Hankook Tire to invest ₩ 2.1 trillion for US plant expansion
Aug 30, 2022 22:36 pm UTC| Business Economy
Hankook Tire Technology Co. will invest 2.1 trillion won to expand its US tire manufacturing plant by early 2026 to help its global output capacity reach 106.5 million tires a year. In the expanded US facility, the...

USDA puts up $300 million initiative to encourage farmers to go organic
Aug 30, 2022 22:20 pm UTC| Health Economy Business
The US Department of Agriculture announced several eight- and nine-figure funding initiatives to advance policy promises, including the Organic Transition Initiative. The $300 million investment, described as a way to...

BMW Group Korea to seek mutual growth with local community
Aug 30, 2022 21:58 pm UTC| Economy Business Life
BMW Group Korea is making steady efforts to provide distinctive experiences to its customers according to their lifestyles in its bid to seek mutual growth with the community. The efforts are in line with its corporate...

Olympus to sell microscope unit to Bain for $3 billion, focus on medical technology
Aug 30, 2022 21:29 pm UTC| Science Economy Business
Olympus had agreed to sell its microscope unit to private equity firm Bain Capital for $3.1 billion as it speeds up the overhaul of its business portfolio to focus solely on medical technology The microscope unit, which...

OpenSea's volume plunges 99% in 90 days
Aug 30, 2022 20:46 pm UTC| Technology Economy Business
OpenSea has witnessed a 99 percent drop in volumes in the past 90 days from its record high as fears about a potential market bubble grow. Notably, on August 28, the worlds largest NFT marketplace processed nearly $5...

Ragnarok CEO apologizes for losing 12% of startup capital, vows to compensate treasury
Aug 30, 2022 20:31 pm UTC| Technology Economy Business
Ragnarok Gaming CEO 0xfanfaron apologized publicly for his missteps in leading the company which led to $1.827 million in realized losses. Among his moves was to buy 15.5 million worth of ETH thinking it was an...

US labor agency says it's unlawful for Tesla to prohibit wearing union shirts
Aug 30, 2022 19:06 pm UTC| Law Economy Business Life
The National Labor Relations Board (NLRB) ruled that it was unlawful for Tesla to prohibit employees from wearing shirts bearing a union insignia. In a 3-2 decision on a 2017 dispute between Tesla and the United...