Ford Korea called out for false marketing claim, FTC ordered automaker to correct the information
Jun 01, 2021 08:14 am UTC| Business Economy
Ford Koreas sales and service division was called out by the countrys Fair Trade Commission for stating that one of its vehicle models has a rear braking support system when there is none. The S. Korean trade watchdog said...
Nestle: Documents allegedly show its products are unhealthy
Jun 01, 2021 07:56 am UTC| Business Economy
Nestle is updating its health and nutrition strategy after it was reported that some of its food and beverages are unhealthy. This is sort of damage control after the Financial Times stated that an internal document showed...
Goodyear Tire accused of labor abuse in Malaysia
Jun 01, 2021 07:36 am UTC| Business Economy
Goodyear, an American tire producer, is said to be facing labor abuse accusations after foreign workers in its factory in Malaysia filed complaints about unpaid wages, threats, and unlawful overtime. Based on the court...
ANA offers pandemic-grounded Boeing plane as wedding venue
May 31, 2021 23:56 pm UTC| Economy Business
All Nippon Airways Co. offered couples the chance to tie the knot aboard one of its Boeing B-777 passenger jets grounded by the coronavirus pandemic at Tokyos Haneda Airport. Although it was announced that the service,...
SK, Lotte agree to set up hydrogen JV this year
May 31, 2021 23:53 pm UTC| Economy Business
The SK Group and Lotte Group agreed to establish a joint venture (JV) within 2021 to strengthen their existing hydrogen infrastructure and create new revenue streams using hydrogen. The JV will be established by the...
S. Korea’s tire makers to raise prices due to increasing cost of rubber
May 31, 2021 23:48 pm UTC| Economy Business
South Koreas three leading tire makers are set to raise commercial and passenger vehicle tire prices due to growing demand from automakers and increasing costs of raw materials, including natural rubber. Hankook Tire ...
Samsung Heavy reports 506.8 billion won quarterly loss amid shipbuilding boom
May 31, 2021 23:46 pm UTC| Economy Business
Samsung Heavy Industries continues to reel under troubled finances and weak recovery scenarios reporting an operating loss of 506.8 billion won in its quarterly earnings for the January-March period. Some of the losses...
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