SK may tap Lotte for e-commerce partnership to rival Naver, Shinsegae
Jun 29, 2021 07:40 am UTC| Business Economy
SK is said to be considering a partnership with Lotte and compete with the leaders in the e-commerce market. It was also said that the company is mulling on approaching the shopping company as it is one of the options to...
SK Chemicals partners with Huvis to make chemical-recycled polyester yarn
Jun 29, 2021 06:37 am UTC| Business Economy
SK Chemicals is expanding its business while still maintaining its goal to operate eco-friendly businesses. In its most recent venture, the company joined forces with Huvis, a fiber materials producer, to make polyester...
Facebook reaches $1 trillion market cap at closing for the first time
Jun 29, 2021 06:25 am UTC| Business Economy
Facebooks market capitalization has reached more than $1 trillion on Monday, June 28, and it was said that this is the first time that it happened. With the new record, the social media giant has now become the fifth...
Fonterra to sell China JV farms to focus on producing New Zealand milk
Jun 28, 2021 21:52 pm UTC| Economy Business
Fonterra has agreed to divest its 51 percent stake in two joint venture farms in Shandong province, China, to Singapore-based AustAsia Investment Holdings for $62.1 million. The farms will be sold to Singapore-based...
Japan FY2020 cigarette sales dive on shift to vaping amid a pandemic
Jun 28, 2021 21:43 pm UTC| Economy Business
Cigarette sales in Japan during fiscal 2020 plummeted by 16.3 percent on-year to 98.8 billion sticks, dropping below 100 billion for the first time in decades, according to the Tobacco Institute of Japan. The figure is...
S. Korean banks ask to be freed from liabilities in crypto fraud
Jun 28, 2021 17:22 pm UTC| Digital Currency Law Economy
South Korean banks have asked the financial authorities to free them from responsibilities for money laundering or other fraud involving digital coins. The request from the banks happened due to a recent amendment to...
Hyundai, Kia's combined EV sales in Europe reach 227,919 units in May
Jun 28, 2021 15:59 pm UTC| Economy Business
South Koreas Hyundai Motor Co. and Kia Corp. sold a combined 227,919 EVs in Europe as of May, with Hyundai selling 131,719 units, and Kia totaling 96,200 units. The two carmakers under the Hyundai Motor Group began...
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