Legoland financing default triggers crisis across S. Korean corporate world
Oct 26, 2022 23:43 pm UTC| Business Economy
A project financing default for the Legoland Korea amusement park construction in Gangwon Province has triggered a series of problems that made it more difficult for big businesses to raise money, according to industry...
Toyota to produce electric car powered by Chinese-made batteries
Oct 26, 2022 23:39 pm UTC| Business Economy Nature
Toyota Motor Corp. launched a small electric sedan to be powered by BYD Co. batteries and produced and sold in China. The car, the second model in the new Beyond Zero (bZ) series of battery electric vehicles (BEVs) from...
N. Korean department store selling counterfeit Chanel, Burberry, Dior
Oct 26, 2022 23:34 pm UTC| Life Economy Business
The Pyongyang Department Store No. 1 in North Korea was reported to be openly selling counterfeit foreign luxury items, according to the DPRK Today, a Chinese-based North Korean propaganda outlet. Found displayed at a...
Hyundai mulls raising speed limit of autonomous driving sedan
Oct 26, 2022 23:28 pm UTC| Business Economy Life
Hyundai Motor Group is considering raising the speed limit imposed on its first Level 3 self-driving G90 sedan under the independent Genesis brand, set to be released soon, from 60 kilometers per hour to 80. Raising the...
Philips to lay off 4,000 jobs as its sales fall
Oct 26, 2022 10:00 am UTC| Business Economy
Royal Philips NV, a Dutch multinational corporation, revealed this week that it would be laying off thousands of employees worldwide. The company said it was forced to do so due to the plunging sales and other...
Amazon adds Paypal's Venmo as new payment option for its customers
Oct 26, 2022 09:43 am UTC| Business Economy
Amazon introduces a new payment option for its customers and said that starting Tuesday, Oct. 25, they can pay with Venmo upon checkout for their purchases. However, only select customers will see the option since it is...
Apple hikes up prices of its Apple TV+ and music streaming services
Oct 26, 2022 09:09 am UTC| Business Economy
Apple is raising rates for its Apple TV+ and Apple Music streaming services and this was announced on Monday, Oct. 24. This new price hike simply shows that streaming products worldwide have gotten more expensive in recent...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects