S. Korea to extend 30% passenger car tax cut by another 6 months
May 28, 2021 05:19 am UTC| Economy Business
South Korea plans to extend a 30 percent cut in the consumption tax on passenger cars by another six months in a bid to boost domestic demand. The tax cut was set to expire at the end of June. The South Korean...
BMW Korea to pamper premium members with more perks
May 28, 2021 04:11 am UTC| Economy Business
BMW Korea will provide more perks for owners of its Luxury Class models, such as expanded rental car services, which were previously only available in Jeju. Beginning in August, BMW Excellence Club members within their...
S. Korea earmarks 90 billion won electrofuel research and development
May 28, 2021 03:00 am UTC| Economy Business
South Korea will allocate 90 billion won by next year for electrofuel research and development projects, in pursuance of eliminating its carbon emissions by 2050. The Ministry of Trade, Industry and Energy said that...
Sony hopes to boost entertainment users from 160 million to one billion in 2025
May 28, 2021 02:09 am UTC| Economy Business Technology
Sony Group Corp. will spend about 2 trillion in the next three years to multiply sixfold its number of users globally from 160 million to one billion, according to Sony Group Chairman and CEO Kenichiro Yoshida. The...
Ford targets 40% of sales to be comprised of electric vehicles by 2030
May 27, 2021 23:05 pm UTC| Economy Business
Ford is ramping up investment in electric vehicles from the $22 billion target set in February to over $30 billion by 2025, expecting 40 percent of volume by 2030 to be comprised of fully electric vehicles. The US...
Tokyo Games cancelation to cost $17 billion
May 27, 2021 21:52 pm UTC| Economy Business Sports
The 1.81 trillion yen ($17 billion) that Japan would lose by canceling the Tokyo Olympics and Paralympics this summer is much lesser than the economic loss if another state of emergency is declared, says Takahide Kiuchi,...
BTS Meal becomes McDonald's first celebrity collaboration to go globally on sale
May 27, 2021 21:46 pm UTC| Economy Business
The BTS Meal became McDonalds first celebrity collaboration to go on sale globally, now being offered in South Korea, the US, Malaysia, Austria, and eight other countries. It will be available in almost 50 countries by...
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