LG Uplus and other S. Korean telecom networks are ending 2G services in June
May 26, 2021 10:05 am UTC| Business Economy
LG Uplus and other telecom networks in South Korea are officially terminating the services for 2G phones. On Tuesday, May 25, some of the carriers were already approved for their phase-out plans for 2G...
IGIS reportedly acquiring Millennium Hilton Seoul to turn it into an office building
May 26, 2021 09:42 am UTC| Business Economy
IGIS Asset Management is reportedly in talks of acquiring the Millennium Hilton Seoul for ₩1 trillion or around $891.2 million. Based on the reports, the luxury hotel may be transformed into an office building after the...
Emart gives up aim for full ownership of Starbucks Korea
May 26, 2021 09:27 am UTC| Business Economy
Emart has given up its aim to take full control of Starbucks Korea after it only purchased a 20% stake from Starbucks international instead of the full 50% that is up for sale. Emarts new acquisition of shares in...
Ikea voluntarily recalls 160,000 dishwares over burn risks
May 26, 2021 08:59 am UTC| Business Economy
Ikea has recalled thousands of its dishware after getting hundreds of reports for breakage around the world. Based on the report, almost 160,000 pieces of wares, including plates, mugs and bowls, were listed in the recall...
SK Group setting up an investment company in Japan to acquire material suppliers
May 26, 2021 07:53 am UTC| Business Economy
SK Group is investing in Japan so it can acquire parts and component suppliers for its businesses. According to the report, the companies affiliates that include SKC, SK Siltron, SK Holdings Inc. and SK Materials, will be...
SK global chemical awarded with the top score for environmentally-sound operation
May 26, 2021 07:01 am UTC| Business Economy
SK global chemical was awarded the highest score for being eco-friendly with its business operations. It received the mark and earned the United Nations environment-friendly certification, and this was revealed on Tuesday,...
BMW, Volkswagen: EU antitrust regulators to fine carmakers over emission scheming: Report
May 26, 2021 05:46 am UTC| Business Economy
BMW and Volkswagen will be slapped with a fine after the EU antitrust regulators reportedly found them restricting clean air technology. This information was shared by someone who is familiar with the situation. As per...
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