Hyundai E&C swings to Q4 loss mainly due to currency-related woes
Jan 22, 2021 15:50 pm UTC| Business Economy
Hyundai Engineering Construction Co. shifted to a net loss of 122 billion won in the fourth quarter of 2020 after posting a net profit of 6.9 billion won in the same period last year, mainly due to the US dollars strength...
S. Korea to deploy ships to cushion exporters from soaring freight rates
Jan 22, 2021 12:11 pm UTC| Economy Business
South Korea will deploy at least five vessels by the end of February to support exporters facing increasing freight costs amid soaring demand. According to the Ministry of Trade, Industry, and Energy, HMM Co., South...
S. Korea favored by WTO in tariff case against US
Jan 22, 2021 10:44 am UTC| Economy Business Law
The World Trade Organization (WTO) favored South Korea in its lawsuit against the US for levying high tariffs on its steel and power transformer products since May 2016. According to the WTO panel, eight cases of...
Google threatens to block services in Australia if forced to pay for news
Jan 22, 2021 10:21 am UTC| Economy Business
Google threatened to block its search engine function in Australia if its government forces it and Facebook Inc to pay media companies for using their content. The result would be degraded search and YouTube experiences...
Jan 22, 2021 10:15 am UTC| Business Economy
Qualcomm was known to be the leading system on chips (SOC) supplier of the leading smartphone manufacturers in China. In fact, in 2020, around 307 million chips were delivered to Chinese companies, but in a new report, it...
Biden's economic centrism isn't exciting, but right for these divisive times
Jan 22, 2021 07:33 am UTC| Economy
In an age of hyperpartisan politics, the Biden presidency offers a welcome centrism that might help bridge the divides. But it is also Bidens economic centrism that offers a chance to cut through what has become an...
S. Korea extends anti-dumping tariff on Chinese H-shaped steel for 5 years
Jan 21, 2021 14:07 pm UTC| Economy Law
South Korea will extend the anti-dumping tariff on imported Chinese H-shaped steel beams by another five years due to concerns by local steelmakers Hyundai Steel Co. and Dongkuk Steel Mill Co. of its adverse impact on...
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