Calvin Klein owner selling Arrow and Van Heusen labels
Jun 25, 2021 08:33 am UTC| Business Economy
Calvin Kleins owner, PVH Corp., is discarding some of its known labels, including Van Heusen, Izod, Geoffrey Beene, and Arrow trademarks. The sale was revealed on Wednesday, June 23. Reason for unloading some of the...
Samsung Electronics slapped with $207 million fine over cafeteria contracts
Jun 25, 2021 08:00 am UTC| Business Economy
Samsung Electronics, along with its four affiliates, were fined by the Korea Fair Trade Commission for awarding cafeteria contracts to Samsung Welstory, one of its affiliates, since 2013. The trade watchdog explained that...
Wendy's reveals plans to expand to Central Asia
Jun 25, 2021 07:51 am UTC| Business Economy
Wendys is set to have an additional 65 restaurant outlets in Central Asia, and this plan has been revealed this week. The fast-food chain announced that in the coming years, there would be more branches in the said region,...
Shinsegae’s Emart signs deal to acquire 80% eBay Korea stake for ₩3.4 trillion
Jun 25, 2021 07:17 am UTC| Business Economy
Shinsegae, Emarts parent company, was the final winner in the bid to acquire the Korean unit of the e-commerce platform eBay. Although at first, the company formed a consortium with Naver to win in the bidding, the tech...
E-Mart24 opens 1st of 300 stores to be put up in Malaysia in 5 years
Jun 24, 2021 22:15 pm UTC| Economy Business
E-Mart24 Inc. opened its first store in Malaysia, a 257-square-meter outlet in an office district in Kuala Lumpur, on Thursday as part of its push to open 300 stores in five years in the Southeast Asian country. The...
S. Korean millionaires increase by 140,000 to 1.05 million in 2020
Jun 24, 2021 21:51 pm UTC| Economy Life Business
The number of South Koreans with assets worth over $1 million, or nearly 1.1 billion won, increased by 140,000 on-year to 1.05 million in 2020, accounting for 2 percent of the worldwide total. Last year, there were 5.2...
Kakao's market cap up 6.6% to narrow gap with SK hynix
Jun 24, 2021 21:45 pm UTC| Economy Business
Kakao rose 6.6 percent in closing on Wednesday from the previous day, pushing its market capitalization to an all-time high of 75.2 trillion won to narrow the gap with the incumbent No. 2 chipmaker SK hynix. The...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects