Kia Motors' brand image to take a hit in China due to recall of electric vehicles
Jan 11, 2021 23:19 pm UTC| Economy Business
Kia Motors will recall 309 of its KX3 electric vehicles (EV) in China due to possible malfunctioning of the integrated electronic brakes (IEB) systems, which makes its brake pedal heavy when the warning lamp becomes...
Japan's share in S. Korean auto market dwindles to 1.1% mainly due to unattractive design
Jan 11, 2021 22:55 pm UTC| Economy Business
Japanese automakers accounted for about 20,500 out of the over 1.89 million cars in South Korea in 2020, dropping their market share to 1.1 percent due to their declining attractiveness and a boycott of Japanese...
Search giant Baidu teams up with Volvo-owner Geely to build electric vehicles
Jan 11, 2021 15:26 pm UTC| Economy Business
Chinese search giant Baidu will begin manufacturing electric vehicles and has tapped Chinas largest privately-owned carmaker Geely to invest as a strategic partner. The said move is the latest by a tech company to...
Increasing investments a sign of confidence in Hong Kong: Commerce Sec
Jan 11, 2021 14:16 pm UTC| Economy
International businesses continue to show confidence in Hong Kong as proven by the higher number of investments coming in than leaving, according to the financial hubs Secretary for Commerce and Economic Development,...
Indonesia's deadly aviation record under fresh scrutiny after Sriwijaya Air crash
Jan 11, 2021 08:52 am UTC| Economy Business
Indonesias stature as the worlds deadliest aviation market is back in the spotlight after a Sriwijaya Air jet crashed into the Java Sea minutes after take-off on Saturday, killing 62 passengers. The accident was the...
S. Korea's credit loans soar in early January due to relaxed lending rules, bullish market
Jan 10, 2021 22:54 pm UTC| Economy Business
Credit loans of South Koreas five major commercial banks increased by 453 billion won in the first week of 2021, fueled by a bullish stock market and eased bank loan rules, data showed Sunday. The total credit loan...
S. Korea to phase out industrial waste imports
Jan 10, 2021 22:15 pm UTC| Economy Business
South Korea will prohibit or restrict industrial waste importations to increase the recycling of domestic waste. According to the Ministry of Environment, the importation of waste plastics, mixed waste paper, and waste...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects