S. Korea's exports up 16.6% to $53.8 billion in March
Apr 01, 2021 23:54 pm UTC| Economy
South Koreas exports advanced 16.6 percent to $53.8 billion in March from $46.1 billion a year earlier, on the back of solid demand for chips and autos to extend their gains for the fifth consecutive month. Imports...
SK Holdings acquires French pharmaceutical company Yposkesi
Apr 01, 2021 09:52 am UTC| Business Economy
SK Holdings revealed its acquisition of a French drug-maker called Yposkesi this week. The third-largest conglomerate in South Korea made the purchase in its bid to strengthen its competitive power in the global markets...
Hitachi is buying U.S. software company GlobalLogic for $9.6 billion
Apr 01, 2021 09:37 am UTC| Business Economy
Hitachi Ltd, the Japanese electrical equipment company, revealed on Wednesday, March 29, that it would acquire GlobalLogic Inc., a software firm headquartered in California, U.S.A. The deal to buy the company will cost...
S. Korean, Japanese EV battery makers lose market share to Chinese rivals
Mar 31, 2021 23:42 pm UTC| Economy
The global market shares of South Koreas three electric vehicle (EV) battery makers LG Energy Solution, Samsung SDI Co., and SK Innovation Co dropped in the first two months of the year despite increases in shipments due...
India blocks China’s ByteDance’s bank accounts over tax evasion case
Mar 31, 2021 09:05 am UTC| Business Economy
Chinas ByteDance, TikToks parent company, has been accused of tax evasion in India, and as a result, the government blocked two of its bank accounts. The Chinese internet company immediately asked the court to revoke the...
Xiaomi ventures into EV business with $1.5 billion investment
Mar 31, 2021 07:21 am UTC| Business Economy
Xiaomi just confirmed its foray into the EV business and revealed it is investing $10 billion that will be used in the next 10 years. In its investor filing, the Chinese electronic company stated it would build a...
Japan seeks Taiwan's cooperation in alternative chip production after Renesas fire
Mar 31, 2021 00:17 am UTC| Economy
Japan has asked some Taiwanese manufacturers to cooperate in an alternative production of semiconductors after a chip plant owned by Renesas Electronics Corp. was hit by a fire this month. The Japanese government has...
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