Samsung Heavy agrees to $149 million settlement in Brazil over bribery probe
Feb 24, 2021 00:37 am UTC| Economy Technology
Samsung Heavy Industries Co. has agreed to pay US$149 million in a leniency settlement with Brazilian state prosecutors and auditors over a graft probe surrounding the companys drillship orders. The company settled with...
LG: Vingroup failed to acquire LG mobile's business as talks crumbled
Feb 23, 2021 07:59 am UTC| Business Economy
LG Electronics was trying to sell its smartphone plants to Vingroup, a Vietnamese conglomerate, but the talks failed. It was reported that the main reason for the collapse of the negotiations was the price. LG and...
Boeing 777 barred from entering the UK airspace
Feb 23, 2021 07:38 am UTC| Business Economy
Britain barred Boeing 777s from entering the UK airspace following the aircraft models accident in Denver, Colorado. Last weekend, United Airlines flight UA328 was heading to Honolulu, Hawaii, when the planes engine caught...
Travel agencies suffer 80% sales plunge, ask for government relief
Feb 23, 2021 01:13 am UTC| Economy Technology
South Korean travel agencies asked for government relief after its annual sales plummetted over 80 percent last year. According to a task force formed to tackle the crisis, the travel agencies can no longer shoulder...
Seoul launches campaign to support flower farmers hit by COVID-19 slump
Feb 23, 2021 00:12 am UTC| Economy Technology
Seoul citys government has launched a campaign from promoting flower purchases to city halls floral decoration and the expansion of its plant donation program to support flower farmers struggling to survive the pandemics...
S. Korea posts 16.7% surge in exports in first 20 days of Feb.
Feb 22, 2021 22:20 pm UTC| Economy Technology
Strong shipments of chips and autos pushed South Koreas exports soaring by 16.7 percent on-year to $30.4 billion in the first 20 days of February from $26 billion a year earlier. Meanwhile, imports jumped 24.1 percent...
Cargo handling at S. Korean seaports dips 1.6% in Jan.
Feb 21, 2021 22:43 pm UTC| Business Economy
South Koreas cargo volume at local seaports dropped 1.6 percent to 128.9 million tons n January from 131 million tons posted in the same month last year, According to the Ministry of Oceans and Fisheries, the...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects