Court picks KG Group as SsangYong Motor preferred bidder
May 18, 2022 07:31 am UTC| Business Economy
SsangYong Motor is in search of a new buyer after its acquisition deal with Edison Motors Company failed to push through. The race to acquire the South Koreabased automobile manufacturer opened again, and companies have...
Nike inks Stanford's Rachel Heck as first NIL golfer
May 17, 2022 23:23 pm UTC| Sports Economy Business
US sportswear brand Nike has signed Stanford Universitys Rachel Heck as its first name, image, and likeness (NIL) golf athlete. Heck is presently ranked third in the World Amateur Golf Rankings, with significant...
S. Korea's blockchain gaming industry rattled by TerraUSD, Luna debacle
May 17, 2022 23:23 pm UTC| Digital Currency Economy Business
South Korean gaming firms that feature virtual coins and other blockchain functionalities remain on alert over the adverse effects of the recent collapse of the TerraUSD and Luna cryptocurrencies. Cryptocurrencies...
S. Korean patent applications for biodegradable plastic jump 18% annually in last 5 years
May 17, 2022 23:23 pm UTC| Nature Economy Business
The number of South Korean patent applications in biodegradable plastic almost doubled from 97 filed in 2016 to 190 in 2020, as plastic waste emerged as a major social issue in the wake of the COVID-19 pandemic. The...
S. Korean online Lender K-Bank’s net soars to ₩24.5 billion in Q1
May 17, 2022 23:22 pm UTC| Business Economy
South Korean online lender K-Banks net profit soared to 24.5 billion won in the first quarter, higher than its net income of 22.5 billion won for all of 2021, bolstered by higher interest income from a continued rise in...
Court rules COVID restrictions for Tokyo restaurant chain illegal
May 17, 2022 23:22 pm UTC| Health Law Economy Business
A Japanese court ruled that an order for restaurant chain operator Global-Dining Inc. to reduce business hours amid the coronavirus pandemic was illegal, as it did not fulfill certain conditions. Presiding Judge...
Russian firm launches Coca-Cola, Fanta, and Sprite copycats after soft drink exodus
May 17, 2022 23:22 pm UTC| Business Economy
Russian beverage maker Ochakovo has unveiled a new range of soft drinks dubbed CoolCola, Fancy, and Street, to replace the iconic brands Coca-Cola, Fanta, and Sprite that have left the Russian market in the wake of its...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects