SsangYong Motor reportedly wants SM Group to be its new owner
Aug 13, 2021 09:52 am UTC| Business Economy
SsangYong Motor has been put up for sale after struggling to keep the business going. It did not receive many bids at first, but now, many companies have entered the race for its acquisition. It was recently revealed...
NH NongHyup Bank launches branch office in the U.K.
Aug 13, 2021 09:33 am UTC| Business Economy
NH NongHyup Bank announced on Thursday, Aug. 12, that it has opened an office in the capital of England and the United Kingdom. The South Korean agricultural bank headquartered in Jung-gu, Seoul, launched a branch in...
Adidas sold Reebok to Authentic Brand Group for $2.5 billion
Aug 13, 2021 08:27 am UTC| Business Economy
Adidas will be unloading Reebok by selling it to Authentic Brands Groups. However, it will not be getting back the entire investment it used when it acquired the Boston, Massachusetts-headquartered footwear and sportswear...
Celltrion’s COVID-19 treatment approved for emergency use in Brazil
Aug 13, 2021 07:24 am UTC| Business Economy
Celltrion, a South Korean pharmaceutical company, revealed on Thursday, Aug. 12, that it has received emergency approval from the government of Brazil for its COVID-19 antibody treatment. According to The Korea Herald,...
Shell is paying $111M for oil spill in Nigeria that happened 50 years ago
Aug 13, 2021 06:10 am UTC| Business Economy
Shell or the Royal Dutch Shell plc, a British-Dutch oil, and gas company headquartered in The Hague, Netherlands, is set to pay $111 million or around 80 million for the oil spill that happened 50 years ago, in the...
S. Korea signs 2.3 trillion won currency swap deal with Turkey
Aug 12, 2021 23:53 pm UTC| Economy Business
South Korea and Turkey have signed a three-year currency swap agreement for 2.3 trillion won to boost trade between them. The agreement was signed by the Bank of Korea and the Central Bank of the Republic of...
Hyundai Heavy developing AI systems in efforts to transform as platform for vessels
Aug 12, 2021 23:53 pm UTC| Economy Technology
Hyundai Heavy Industries Group will offer AI-powered smart ship and vessel lifecycle solutions that can analyze big data on operations and components for more efficient and safer navigation as it transforms into a global...
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