Hyundai Mobis to split its key businesses into parts and module units
Aug 19, 2022 10:20 am UTC| Business Economy
Hyundai Mobis Co. Ltd., a South Korean auto parts manufacturer, revealed on Thursday, Aug. 17, that it is planning to split its modules and parts production divisions and turn them into new wholly owned units. The company...
Merck buys Korean Mecaro chemical business firm
Aug 19, 2022 09:41 am UTC| Business Economy
Merck, a leading science and technology company that operates across life science, healthcare and electronics, has bought the chemical business of Mecaro Co. Ltd., a Korean company specializing in materials and components...
Aug 19, 2022 08:52 am UTC| Business Economy
Starbucks Coffee officially withdrew its business in Russia in May. It closed down all of its stores and said it no longer has a brand presence there, but the stores are being re-opened under a new brand led by Russian...
Kakao scraps plan to sell Kakao Mobility stake
Aug 19, 2022 08:26 am UTC| Business Economy
Kakao Corp. announced its plan to ditch the sale of its 10% stake in Kakao Mobility. The South Korean Internet company was supposed to sell it to a private equity fund (PEF) firm, MBK Partners, but decided to withdraw this...
Samsung Biologics, C&T announce $15M investment in Senda Biosciences
Aug 19, 2022 07:57 am UTC| Business Economy
Samsung Biologics and Samsung CT Corp. are investing in Senda Biosciences, a US-based biotechnology company. The two Samsung subsidiaries are set to spend $15 million on the project. As per The Korea Times, Samsung...
Delhi court orders blocking of websites of New Balance, Adidas, Louis Vuitton counterfeiter
Aug 18, 2022 22:41 pm UTC| Law Sports Economy Business
The Delhi High Court has ordered the blocking of a website accused of selling first copy of popular footwear brands like Nike, New Balance, Adidas, and Louis Vuitton at highly discounted prices. In an order, Justice...
Kyrie Irving debuts Nike Kyrie 9 in star-studded scrimmage
Aug 18, 2022 22:41 pm UTC| Sports Economy Business
Brooklyn Nets point guard Kyrie Irving debuted his Nile Kyrie 9 when he took part in a star-studded scrimmage at Fairfax High School in Los Angeles. )Other players who joined Irving in the workout were Atlanta Hawks...
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