Tourism desperately wants a return to the 'old normal' but that would be a disaster
Feb 20, 2021 12:09 pm UTC| Insights & Views Economy
With each passing day, the grave future of Earth becomes more stark. The disruption of COVID-19 has not been enough to shift the trajectory, nor has it prompted polluting sectors of the economy to reconsider the harms they...
South Korean business owners sue government for losses due to COVID-19 pandemic
Feb 19, 2021 12:53 pm UTC| Business Economy
Business owners in South Korea have joined forces to file a legal case against the government. Hundreds of restaurant and cafe owners have sued the administration due to their huge losses brought about by the lockdowns at...
Japan's Toyota, Honda financially flexible to cope with global chip shortage: Fitch
Feb 19, 2021 00:04 am UTC| Economy Business
Japanese automakers Toyota Motor Corp. and Honda Motor Co. have the financial flexibility to cope with the global semiconductor chip shortage, even if it persists in the second half. According to the rating agency...
Cold wave pushes S. Korea's electricity consumption up 6.1% in Jan.
Feb 19, 2021 00:01 am UTC| Economy
South Korea consumed 49.89 billion kilowatt-hours (kWh) of power in January, up 6.1 percent from a year ago due to a severe cold wave and more working days despite a pandemic-induced business slump. The average...
S. Korea's chicken exports up 59.5% on-year in 2020
Feb 18, 2021 23:59 pm UTC| Economy
South Korea exported $21 million worth of chicken last year, up 59.5 percent from a year earlier, due to the growing demand for ready-to-eat products and the Korean pop cultures popularity. According to the report from...
S. Korea to slap anti-dumping tariffs to Chinese, Indonesian, Taiwanese flat-rolled steel
Feb 18, 2021 23:51 pm UTC| Economy
South Korea will slap anti-dumping tariffs on Chinese, Indonesian, and Taiwanese flat-rolled steel products based on a preliminary ruling by the Korea Trade Commission finding the said countries guilty of...
Hyundai Motor teams up with LG Energy, KST Mobility for leasing, recycling of EV batteries
Feb 18, 2021 23:48 pm UTC| Economy
The Hyundai Motor Group will collaborate with LG Energy Solution Ltd. and KST Mobility Co in executing a government initiative on electric-vehicle battery lease and recycling to reduce battery-related environmental...
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