
Coupang refutes reports it has put Coupang Eats up for sale
Sep 14, 2022 10:38 am UTC| Business Economy
Coupang e-commerce company got wind of reports that it is selling its Coupang Eats food delivery unit. This turned out to be a false claim after the company immediately dismissed the reports that have been making rounds in...

Seoul Semiconductor sues Feit Electric for patent infringement
Sep 14, 2022 09:23 am UTC| Business Economy
Seoul Semiconductor Company announced it filed a lawsuit against the US-based Feit Electric for patent infringement involving 12 assets. The Ansan-si headquartered LED manufacturer revealed its legal action on Tuesday,...

JYP Entertainment outstrips CJ ENM in market capitalization
Sep 14, 2022 08:09 am UTC| Business Economy
JYP Entertainment beat CJ ENM Entertainment in terms of stock market value. The South Korean entertainment firm founded by Park Jin Young in 1997 is one of the most influential Kpop powerhouses in the country, and it has...

Johnson & Johnson settles pelvic mesh lawsuit in Australia with $204M cash agreement
Sep 14, 2022 07:52 am UTC| Business Economy
Johnson Johnson has settled another case this year, and this time for its case in Australia concerning the pelvic mesh class action lawsuit. It was reported that the healthcare and pharmaceutical company headquartered in...

Orion snack manufacturer hikes prices of products for the first time in almost a decade
Sep 14, 2022 07:22 am UTC| Business Economy
Orion Corporation, a South Korean confectionery company headquartered in Munbae-dong, Yongsan District, Seoul, is set to hike up prices of its products on Thursday, Sept. 15. Around 16 items are affected by the price...

AppLovin ditches move to buy Unity Software after its $20B merge offer was declined
Sep 14, 2022 07:14 am UTC| Business Economy
AppLovin Corporation, a mobile technology company, headquartered in Palo Alto, California, has formally withdrawn its merger and acquisition (MA) offer after Unity Software Inc. turned down its $20 billion bid last...

All Queen Elizabeth issued royal warrants to food, drink brands now invalid
Sep 13, 2022 23:44 pm UTC| Law Economy Business
Companies have two years to either get their Royal Warrants renewed by King Charles III or else stop printing the Royal Arms symbol on their products. The British Royal Warrants are official acknowledgments that a...