Bank of Korea to conduct CBDC simulations involving at least 10 banks
Jul 13, 2022 22:34 pm UTC| Technology Economy Business
The Bank of Korea will be conducting its retail central bank digital currency (CBDC) simulations involving at least ten commercial banks, including Shinhan Bank and NH Nonghyup Bank. Examining user payments and...
Seoul E-Prix will showcase city's futuristic aspects
Jul 13, 2022 22:30 pm UTC| Technology Economy Business
The electric vehicle (EV) racing competition chose Seoul as its next competition venue in August because the capital city fits well with the future-oriented image of the event. Jamie Reigle, CEO of Formula E, which is...
Jul 13, 2022 22:19 pm UTC| Health Economy Business Life
Starbucks denies that its decision to stop selling Chicken, Maple Butter, and Egg Sandwich on June 26, a mere five days after it had been announced as a new permanent menu item, was due to FDA recall or salmonella or...
PepsiCo updates full-year outlook after moderate 5.2% increase in Q2
Jul 13, 2022 22:11 pm UTC| Business Economy
PepsiCo has reported a 5.2 percent increase in net revenue in its second-quarter results of $20.22 billion, compared with $19.22 billion recorded for the same period last year, as it updates its full-year outlook. Ramon...
SsangYong brings back 2-shift assembly line due to Torres's popularity
Jul 13, 2022 22:03 pm UTC| Economy Business Life
SsangYong Motor Co. will be running two shifts per week on its Pyeongtaek, assembly line due to the rising popularity of the Torres SUV, which has led to a production increase. Since July of last year, the company has...
Seoul court rules ride-hailing drivers are not workers
Jul 13, 2022 21:43 pm UTC| Law Economy Business
The Seoul Administrative Court overturned an administrative labor agencys decision recognizing ride-hailing service Tada drivers as workers. SOCAR, the parent company of Tada operator VCNC, filed a suit to seek the...
Why wages should keep up with inflation: the economic case for getting a pay rise
Jul 13, 2022 14:28 pm UTC| Economy
The recent sharp rises in inflation have effectively put an end to three decades of relative price stability in the UK. The prices of most goods and services have gone up and could go even higher. The reasons for this...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects