South Korea’s liabilities exceed GDP for first time
Apr 06, 2021 23:47 pm UTC| Economy
South Koreas liabilities reached 1,985.3 trillion won in 2020, up 241.6 trillion won, or 13.8 percent, from a year earlier, surpassing the countrys estimated gross domestic product of 1,924 trillion won. It was the...
Poland pursuing more investments from S. Korea
Apr 06, 2021 23:43 pm UTC| Economy Business
Polish minister of finance Tadeusz Koscinski is encouraging South Korean firms to explore business opportunities in Polands transportation and energy sectors. According to Koscinski, he is more than happy with the...
SK Hynix negotiating automotive DRAM supply deal with Bosch
Apr 06, 2021 23:40 pm UTC| Business Economy
South Koreas SK Hynix Inc. is finalizing negotiations to supply its automotive DRAM chips to German multinational tech giant Robert Bosch GmbH. The South Korean chipmaker is pursuing a 10-year supply deal. The potential...
Japan’s Daiei to open unmanned supermarket in Tokyo
Apr 06, 2021 23:35 pm UTC| Business Economy
Japanese supermarket chain Daiei will open an unmanned store in Tokyo in collaboration with Chinese startup Cloudpick. Daiei, an affiliate of Japanese retailer Aeon, will first open in Tokyos Koto area before possibly...
Kraft Heinz struggles to meet demand for single-serve ketchup
Apr 06, 2021 23:33 pm UTC| Business Economy
Kraft Heinz will boost the ketchup production in single-serve packets by 25 percent to meet the increased demand brought about by the popularity of takeout orders during the pandemic. Kraft Heinz will open two new lines...
LG Electronics to focus on mobility after giving up its smartphone business
Apr 06, 2021 10:21 am UTC| Business Economy
LG Electronics confirmed on Monday, April 5, that it has given up on its smartphone business. The company made the decision to close its phone manufacturing division after suffering from years of losses. LG shuts down...
Southwest Airlines summons 209 pilots as the travel industry slowly recovers
Apr 06, 2021 09:17 am UTC| Business Economy
Southwest Airlines was said to have called back 209 pilots who have signed a voluntary extended leave program. They were asked to return for the flights scheduled for the summer. Southwest Airlines said on Monday, April...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects