S. Korea's camping goods trade hits new high of US$399 million in 2020
Aug 18, 2021 23:03 pm UTC| Economy Business
South Korea exported and imported US$399 million worth of camping equipment last year, up 40 percent from the previous year, to reach an all-time high, according to the Korea Trade Statistics Promotion Institute. The...
Beyond Meat applies for 'Beyond Milk' trademark
Aug 18, 2021 10:34 am UTC| Business Economy
Beyond Meat seems to have plans to get into the beverage or dairy business too. The company is known to produce vegan meat alternatives, and it may be expanding its food offerings such as plant-based milk. According to...
McDonald's unveils its new glazed pull apart donuts
Aug 18, 2021 09:52 am UTC| Business Economy
McDonalds USA just revealed its new treat that will be available in its McCafé Bakery. The fast-food chain giant added the glazed pull apart donut in its bakery store menu lineup. According to Fox Business, this...
Namyang Dairy said Hahn & Company deal is still in effect
Aug 18, 2021 09:28 am UTC| Business Economy
Namyang Dairys founder, Hong Won Sik, recently clarified things about its acquisition deal with Hahn Company. Last month, the dairy maker canceled a scheduled board meeting for the finalization of the private equity...
Citibank Korea to reveal its exit plan as it confirms departure from retail business
Aug 18, 2021 08:47 am UTC| Business Economy
Citibank Korea is set to formally announce its withdrawal from retail business and will reveal its exit plan next week. It was reported that the company would confirm its strategy on Aug. 26 at a board...
CJ ENM filed a lawsuit against LG Uplus for non-payment of content usage fees
Aug 18, 2021 08:08 am UTC| Business Economy
CJ ENM reportedly filed a lawsuit against LG Uplus over the allegations that it did not pay usage fees when it used the formers content for its IPTV service. According to The Korea Herald, CJ ENMs content unit, which is...
T-Mobile reveals data breach claims were correct after a probe
Aug 18, 2021 07:43 am UTC| Business Economy
T-Mobile was in the news earlier this week after data breach claims surfaced. It was alleged on Monday, Aug. 16, that the personal information of the telecom companys customers were exposed. As CNN Business reported,...
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