S. Korean shipbuilders lose top spot to Chinese rivals in new orders in April
May 11, 2021 22:52 pm UTC| Economy Business
South Korean shipbuilders obtained new orders of 34 ships, or 1.19 million compensated gross tons (CGTs) in April, losing their No. 1 ranking to Chinese rivals, which had 53 ships, or 1.64 million CGTs. South Korean...
S. Korea's exports soar 81% on May 1-10 mainly due to chips, autos, petroleum products
May 11, 2021 22:50 pm UTC| Business Economy
South Koreas exports soared 81.2 percent on-year to $12.5 billion in the May 1-10 period from $6.9 billion a year earlier as global economic recovery kept robust the shipments of chips, autos, and petroleum goods. The...
May 11, 2021 10:22 am UTC| Business Economy
Lee Jae Yong, the imprisoned Samsung heir and company head, may be walking out of prison earlier than his actual time to serve. This is because South Koreas President Moon Jae In reportedly softened a bit, leaving the door...
Mattel launches recycle program for used Barbie dolls and toys
May 11, 2021 10:15 am UTC| Business Economy
Mattel announced a new program where kids can return their Barbie dolls and old toys once they are done with them. In other words, the American toymaker is also getting into the recycling trend for a better world. A...
Honda Accord: U.S. NHTSA investigating 1.1 million units over steering control issues
May 11, 2021 09:19 am UTC| Business Economy
Honda Accord car units are said to be under investigation for safety issues. The U.S. National Highway Traffic Safety Administration revealed on Monday, May 10, that it has formally launched a probe on around 1.1 million...
Celltrion to supply COVID-19 treatment to Pakistan in a new deal
May 11, 2021 08:22 am UTC| Business Economy
Celltrion, the South Korean pharmaceutical company, revealed that it had sealed its first deal for shipments of its Rekirona COVID-19 antibody treatment. The firm made the announcement on the supply transaction to Pakistan...
GM Korea suing for its CEO’s new exit ban
May 11, 2021 07:43 am UTC| Business Economy
GM and its South Korean division, GM Korea, have condemned the government for issuing another exit ban to its chief executive officer, Kaher Kazem. With the move, the automakers headquarter in the U.S. accused the Korean...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects