Hyundai Motor, LG Energy JV secure $710M investment for EV battery plant in Indonesia
Aug 23, 2022 07:24 am UTC| Business Economy
Hyundai Motor and LG Energy Solution Ltd. have a joint venture for the production of lithium-ion battery cells. For this project, the companies are building a plant in Indonesia and raising funds for its...
S. Korean foreign minister expresses concerns over US EV tax incentives
Aug 22, 2022 23:47 pm UTC| Technology Economy Business
South Korean Foreign Minister Park Jin conveyed his concerns over a new US law excluding electric vehicles built outside North America from tax breaks during a phone conversation with US Secretary of State Antony...
MGM China to inject $594 million into Macau unit to re-tender for casino license
Aug 22, 2022 23:47 pm UTC| Life Economy Business
Casino operator MGM China Holding will inject 4.8 billion patacas ($594 million) into its MGM Grande Paradise unit as it eyes to resume operating its gaming business in Macau. According to the terms of a revised gaming...
S. Korea’s chip exports to China up 12.4 times
Aug 22, 2022 23:39 pm UTC| Technology Economy Business
South Koreas total semiconductor exports to China jumped 12.4 times to 39.7 percent from 2020. According to research by the Korea Chamber of Commerce and Industry (KCCI), semiconductors took up only 3.2 percent of South...
McDonald's, Burger King, Domino's, Subway offer 100% vegetarian menu for India's temple towns
Aug 22, 2022 23:32 pm UTC| Life Economy Business
Multinational restaurant chains Burger King, McDonalds, Dominos, and Subway are setting up stores at pilgrimage sites in India while abiding by religious directives. Drawn by the large captive markets offered by such...
Adidas to offer Kobe Bryant's Crazy 1 shoes in 2 colorways
Aug 22, 2022 23:25 pm UTC| Sports Economy Business
Adidas will offer the late-great Kobe Bryants Crazy 1 in two additional colorways, the all-white Stormtrooper and the yellow Sunshine. According to Adidas Japan website, the Stormtrooper colorway is scheduled to release...
Walmart expands employee abortion coverage
Aug 22, 2022 23:18 pm UTC| Law Health Economy Business
Walmart is expanding its abortion coverage for employees after following the Supreme Court ruling that scrapped a nationwide right to abortion. In a memo sent to employees, Walmart, the largest employer in the US, said...
‘We have thousands of Modis’: the secret behind the BJP’s enduring success in India