Kepco's Q1 operating profit soars 33% to 571.6 billion won
May 14, 2021 21:22 pm UTC| Economy Business
Korea Electric Power Corp.s (Kepco) first-quarter operating profit soared 32.8 percent on-year to 571.6 billion won as revenue dropped 0.1 percent to 15 trillion won. The state-owned, electricity-focused utility saved...
McDonald’s announces hourly wage pay hike to attract applicants as it aims to hire 10,000 workers
May 14, 2021 09:43 am UTC| Business Economy
McDonalds is hiking up its hourly wages in its restaurants in the U.S. as it looks to recruit 10,000 staff for some state locations. The labor market in the country is currently experiencing a shortage as restaurants are...
Korean Air, Asiana Airlines sign $260 million engine maintenance deal
May 14, 2021 09:16 am UTC| Business Economy
Korean Air and Asiana Airlines have signed a new contract worth ₩290 billion or about $260 million. The leading carriers in South Korea have teamed up for an engine maintenance deal. As per The Korea Times, Korean Air...
Hyundai Motor investing $7.4 billion in the U.S. and will focus on EV production
May 14, 2021 08:50 am UTC| Business Economy
Hyundai Motor Group announced on Thursday, May 13, that it will be investing $7.4 billion in the U.S. by 2025 with the aim of producing electric vehicles. The investment will also go to improving the production line and...
S. Korea to build the world's largest semiconductor manufacturing complex
May 14, 2021 08:04 am UTC| Business Economy
South Korea revealed its plan to build a chip manufacturing complex as it aspires to become the worlds largest semiconductor manufacturing hub and chip supply chain. The government announced on Thursday, May 13, that it...
Google slapped with $123M fine for alleged anti-competitive behavior in Italy
May 14, 2021 06:10 am UTC| Business Economy
Google was fined $123 million or 102 million by Italys anti-trust authority and this was reported on Thursday, May 13. The penalty was said to be for alleged abuse of market position after it shut out its rivals smartphone...
Boeing will resume deliveries of 737 Max after FAA approves electrical fix
May 14, 2021 05:49 am UTC| Business Economy
Boeing revealed on Thursday, May 13, that it will be resuming the deliveries of its 737 Max jets and will probably start this week. The announcement came after receiving approval from the U.S. Federal Aviation...
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