China's BYD outsells Tesla but reels from subsidy cuts, forced to increase prices
Jan 03, 2023 22:48 pm UTC| Business Economy Nature
Chinese electric car manufacturer BYD Co has increased its prices between 2,000 yuan ($290) and 6,000 yuan for its various models starting in 2023 due to the reduced subsidies for new energy vehicles since November. BYD...
Hana Bank appoints new CEO, Lee Seung Yeul vows to overhaul portfolio to strengthen the company
Jan 03, 2023 10:08 am UTC| Business Economy
Hana Bank has assigned a new chief executive officer and named Lee Seung Yeul for the role. As he takes over the company, he reportedly made a pledge to rebuild the banks sales portfolio. The overhaul is part of Lees...
LG Electronics to further advance its AI solutions
Jan 03, 2023 10:08 am UTC| Business Economy
LG Electronics is speeding up its development of artificial intelligence technology solutions as it aims to further advance in this line of business. The company is planning to build an ambient computing platform that can...
Gaming industry in Korea breaks ₩20T revenue record in 2021
Jan 03, 2023 09:21 am UTC| Business Economy
South Korea is one of the top video game markets in the world, and this ranking only shows it has a very strong gaming culture. In fact, almost three-quarters of the citizens love playing video games either competitively...
LG Uplus introduces new benefit for employees who do not want to get married
Jan 03, 2023 09:07 am UTC| Business Economy
LG Uplus Corp. created a new benefit for employees who chose not to marry. This Non-Marriage bonus is said to be a first in the industry. As per The Korea Times, LG Uplus launched the new perk in keeping with the...
Zomato's CTO and co-founder quits after a string of executive departures
Jan 03, 2023 08:06 am UTC| Business Economy
Zomato Ltd., an Indian multinational restaurant aggregator and food delivery company, lost its chief technical officer, who is also a co-founder. Gunjan Patidar resigned from his post, and this was confirmed on Monday,...
Hyundai Motor reveals plans to only sell EVs in Norway
Jan 03, 2023 07:57 am UTC| Business Economy
Hyundai Motor launched its all-electric Ioniq 6 model in the Norwegian market and revealed it made the decision to only sell electric vehicles in the country this year. The South Korean automaker said on Sunday, Jan. 1,...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects