Asiana Airlines sues Gategroup for fraud
May 03, 2022 23:40 pm UTC| Law Economy Business
Asiana Airlines has filed a criminal complaint against Gategroup for allegedly colluding with former Kumho Asiana Group Chairman Park Sam-koo in bringing down to 133.3 billion won in 2016 the price it paid for the...
Toss Bank adds online service for foreign customers
May 03, 2022 06:49 am UTC| Business Economy
Toss Bank, a web-based bank in South Korea, has added a service exclusive to foreign customers. The company will now allow all foreign nationals residing in the country to open their bank accounts with them...
Nongshim builds second ramyeon factory in the US to become No.1 instant noodle maker in the world
May 03, 2022 06:34 am UTC| Business Economy
Nongshim, a South Korean food and beverage company headquartered in Seoul, is most known for its ramyeon range, and it now wants to become the largest instant noodle maker in the world. To reach this goal, it is working to...
POSCO International, GS Caltex join forces for eco-friendly biofuel business
May 02, 2022 10:07 am UTC| Business Economy
POSCO International and GS Caltex were revealed to have signed a deal to get into the biofuel business together. They are aiming to advance in the eco-friendly bio business venture based on palm oil. As per The Korea...
Hertz facing 100 new false arrest claims as lawyers prepare to take legal action
May 02, 2022 09:59 am UTC| Business Economy
Hertz, the American car rental company, is facing fresh lawsuits related to false arrest complaints from customers. Lawyers are getting ready to file the new cases on behalf of the customers. As per Fox Business, at...
Ford, General Motors donate 100 trucks to help Ukrainians get out of war zones
May 02, 2022 09:52 am UTC| Business Economy
Ford and General Motors have sent a total of 100 trucks to Ukraine, and both companies are donating these vehicles to help with the humanitarian situation there. It was reported that the donation was made with the...
Netflix drops Meghan Markle’s ‘Pearl’ series as it cuts back on projects to save on costs
May 02, 2022 08:15 am UTC| Business Economy
Netflix has been canceling some projects as it starts cutting back as part of its cost-saving plan. The companys disappointing first-quarter results pushed it to drop several shows, and this includes the Pearl animated...
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
The Mattei Plan: why Giorgia Meloni is looking to Africa
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight