Citibank Korea: Several financial groups submit bids for retail banking acquisition
Jun 09, 2021 05:59 am UTC| Business Economy
Citibank Korea is closing its retail business, and it was reported that numerous financial groups have expressed interest in acquiring its consumer banking unit. At this time, it was said that at least four companies have...
Samsung Heavy faces $480 million countersuit by INPEX in central processing facility deal
Jun 09, 2021 05:15 am UTC| Law Economy Business
Japanese oil and developer INPEX has countersued South Koreas Samsung Heavy Industries Co. for $480 million after the latter filed a complaint against it in April for not paying the rest of the contract amount. Samsung...
Livekindly to acquire seaweed-based meat manufacturer after $335 million funding boost
Jun 09, 2021 05:01 am UTC| Business Economy
Livekindly Collective will acquire Amsterdam-based The Dutch Weed Burger, a company that uses seaweed and microalgae in making plant-based meat alternatives, after closing a funding round of $335 million. The companys...
Hydrogen-powered Toyota vehicle conquers 24-hour endurance race
Jun 09, 2021 01:32 am UTC| Economy
Toyota Motor Co.s Corolla H2 Concept vehicle became the worlds first hydrogen-powered to complete a 24-hour endurance race. The car driven by Toyota President Akio Toyoda accomplished the feat on May 21-23 at the Super...
S. Korea targets record-high exports for 2021 following successful pandemic response
Jun 08, 2021 23:59 pm UTC| Economy
South Korea is close to setting a new record for annual exports in 2021 and beating the previous record of $605 billion posted in 2018 on the back of its successful response to the pandemic. The countrys exports jumped...
Daewoong Pharmaceutical inks $430 million license-out deal for gastroesophageal drug
Jun 08, 2021 23:55 pm UTC| Economy Business
South Korean drugmaker Daewoong Pharmaceutical Co. inked a US$430 million deal to provide US pharmaceutical venture firm Neurogastrx Inc. with its technology for fexuprazan, the novel drug candidate for gastroesophageal...
Japan proposes plant-based meat consumption to reduce carbon emissions
Jun 08, 2021 23:49 pm UTC| Economy Business
The Japanese government proposed using meat alternatives such as soybeans and other plant-based ingredients to reduce carbon dioxide emissions while stressing the need to reform lifestyles. In its 2021 white paper on...
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