SK On may withdraw from its battery venture deal with Ford Motor

Jan 09, 2023 10:01 am UTC| Business Economy

SK On, the South Korean electric vehicle battery maker, is thinking of pulling out from its deal with Ford Motor Co. The two companies previously agreed to a joint battery venture, and they are set to build a plant in...

Lotte Group, Meritz Securities join forces to solve Lotte E&C’s debt crisis

Jan 09, 2023 09:47 am UTC| Business Economy

Lotte Group has teamed up with Meritz Securities Co. to address the debt mess which Lotte EC is facing. The two set up a KRW1.5 trillion joint fund to support the struggling engineering and construction company, which is...

McDonald’s bares reorganization plans and job cuts to focus on expansion

Jan 09, 2023 08:29 am UTC| Business Economy

McDonalds may undergo reorganization, and job cuts may also be on the cards. It was reported that the fast-food chains chief executive officer, Chris Kempczinski, already told employees about the plans on Friday, Jan. 6,...

Naver completes acquisition of Poshmark online marketplace for $1.2 billion

Jan 09, 2023 08:12 am UTC| Business Economy

Naver Corp. has officially acquired Poshmark, a US-based online marketplace that allows users to buy and sell both brand-new and secondhand goods, including electronic items. The South Korean internet company recently...

Dell plans to stop using China-made chips by 2024

Jan 09, 2023 08:02 am UTC| Business Economy

Dell Technologies Inc. is reportedly planning to phase out chips from China and hopes to achieve this by next year. The company was said to have told its suppliers to minimize and lessen the number of China-made components...

아마존, 감원 목표 1만8000명까지 늘려..."불확실한 경제 상황 때문"

Jan 09, 2023 04:36 am UTC| Economy

원본 기사 : Amazon job cuts to exceed 18,000 roles: CEO 전자상거래 대기업 아마존이 불확실한 경제 상황으로 인해 1만8000명 이상을 정리해고할 계획이다. 지난 4일(현지시간) 앤디 재시 아마존닷컴 CEO는 해고 예정 인원이...

Amazon job cuts to exceed 18,000 roles: CEO

Jan 06, 2023 23:04 pm UTC| Business Economy

Amazon.com has increased its planned layoffs to over 18,000 roles which would largely impact its e-commerce and human resources organizations. According to CEO Andy Jassy, they will communicate the layoffs starting...