S. Korean authorities uncover illegal 'kimchi premium' cryptocurrency transactions
Jul 08, 2021 23:47 pm UTC| Economy Digital Currency
Seoul Main Customs discovered unlawful foreign exchange dealings involving dozens of people taking advantage of the kimchi premium, a gap in domestic exchanges for cryptocurrency prices compared to foreign...
S. Korean President Moon, Dutch PM Rutte vow to bolster collaboration on chip production
Jul 08, 2021 23:45 pm UTC| Economy Business
South Korean President Moon Jae-in and Dutch Prime Minister Mark Rutte pledged to bolster cooperation on semiconductor production during a virtual summit. The two nations celebrate the 60th anniversary of bilateral ties...
UK probes takeover of its biggest chip plant by Chinese-owned firm
Jul 08, 2021 23:42 pm UTC| Economy Business
The UK national security advisor will examine Chinese-owned Nexperia NVs takeover of Welsh-based Newport Wafer Fab after lawmakers said it could threaten the countrys high-tech future. Newport Wafer Fab, the countrys...
S. Korean credit card firms lure young customers with labeled cards such as Starbucks and IKEA
Jul 08, 2021 23:37 pm UTC| Economy Business
Major South Korean credit card companies have been releasing private label credit cards (PLCCs) to lure the MZ generation into becoming loyal customers. Shinhan Card Co. is offering five PLCCs under partnerships with...
Hyundai Motor, Kia vow to procure 100% of energy from renewable sources by 2050
Jul 08, 2021 23:33 pm UTC| Economy Nature Business
South Korean carmakers Hyundai and Kia will transition to using 100 percent renewable energy by 2050, according to the firms parent Hyundai Motor Group. The automakers and three other units under the group, Hyundai...
Starbucks Indonesia unveils plant-based meatball sandwich
Jul 08, 2021 09:52 am UTC| Business Economy
Starbucks Indonesia released its plant-based meatball sandwich this week, and it will be offered in the coffee chains 460 outlets across the country. With the new menu item, the companys unit in Indonesia just expanded its...
Samyang produces the world's first biodegradable corn-based plastic
Jul 08, 2021 09:19 am UTC| Business Economy
Samyang has discovered a way to produce plant-based plastics. It was reported that the South Korean company developed biodegradable plastic that is strong, durable, and environmentally friendly. The plant-based...
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