Rolexes traded in S. Korea's online secondhand market raise tax avoidance, money laundering issues
Oct 27, 2021 23:54 pm UTC| Law Life Economy
An increasing number of South Koreans are putting luxury goods and gold bars up for sale in the online secondhand markets, raising issues on tax avoidance and money laundering. According to Rep. Park Hong-Keun of the...
Starbucks Korea reduces waste with reusable tumblers as other coffee shops create more trash
Oct 27, 2021 23:53 pm UTC| Nature Life Economy
Starbucks and A Twosome Place are the only ones of South Koreas 10 top coffee shop franchises that are selling tumblers and flasks with replaceable tumbler parts that could help reduce waste. Most coffee shops offer...
Tencent, Ant rebrand NFTs as 'digital collectibles' after China's crypto crackdown
Oct 27, 2021 23:53 pm UTC| Digital Currency Economy
Tencent Holdings Ltd. and Ant Group Co. changed the name for NFTs on their platforms to digital collectibles to play down their links to the tokens amid investor concern of becoming Chinese regulators next target. The...
S. Koreans increasingly prefer 'compact' SUVs
Oct 27, 2021 23:52 pm UTC| Life Economy Business
South Korean automakers sold 49,495 units of compact SUVs in the third quarter of this year, topping all other types of vehicles. The new sales figure almost doubled last years third-quarter sales of 25,356 units of...
Budweiser to deploy zero-emission green hydrogen at UK brewery
Oct 27, 2021 15:51 pm UTC| Nature Economy Business
Budweiser Brewing Group will explore using zero-emission green hydrogen at its Magor brewery in South Wales through its partnership with UK-based green hydrogen energy company Protium. The plan is to build the first...
Macallan Scotch with NFT sets auction record for priciest whisky cask at $2.33 Million
Oct 27, 2021 15:44 pm UTC| Life Digital Currency Economy
A cask of Macallan 1991 Scotch set a new record price for a whisky cask with a price tag of $2.33 million, which also included a specially-commissioned NFT. The Macallan has been breaking sales records, with its 1926...
IKEA acquires former Topshop’s flagship store in London for £378M
Oct 27, 2021 15:20 pm UTC| Business Economy
IKEA reportedly agreed to acquire the former Topshop store in central London. The worlds largest furniture company will buy the asset from the administrators of Arcadia Group that previously went bankrupt. It was said...
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