
Why has growth slowed globally? It has something to do with technology
Jun 20, 2021 11:57 am UTC| Insights & Views Economy
Even before COVID-19 hit, Australia was experiencing slow growth in GDP per capita and real wages. There has been a distinctly lower rate of both economic and real wages growth since the financial crisis of...

S. Korea’s coal power firms shunned from financing due to application of ESG standards
Jun 19, 2021 21:00 pm UTC| Economy Business
Financial investors are increasingly shunning South Koreas coal power companies due to the growing adoption of environmental, social, and governance (ESG) standards in investment. Brokerage companies are now reluctant...

Kakao T, two other taxi-hailing brands register as transportation operators
Jun 19, 2021 19:52 pm UTC| Economy Business
South Koreas government has officially approved three major taxi-hailing service brands as platform operators, namely are Kakao T of Kakao Mobility, Banban Taxi of Kornatus, and i.M. Taxi of Jin Mobility to diversify means...

Singapore replacing Hong Kong as financial hub for S.Korean banks
Jun 19, 2021 15:26 pm UTC| Economy Business
Major South Korean banks are rushing to establish their presence in Singapore, which is replacing Hong Kong as Asias financial hub. Hana Financial Group Inc. and KB Kookmin Bank recently obtained preliminary approval to...

Hyundai NEXO, Toyota Mirai left to compete in fuel cell car market after Honda's exit
Jun 19, 2021 15:16 pm UTC| Economy Business
Japans Honda Motor Co. will stop producing the Clarity fuel-cell car in August this year as part of a broader push to trim underperforming models, thereby exiting the hydrogen fuel cell vehicle market. Hondas exit...

Sumitomo shareholders, board insist on financing fossil fuel projects
Jun 19, 2021 15:08 pm UTC| Economy Business
Sumitomo Corp shareholders defeated a resolution requiring the firm to align its business with international climate change targets at their annual general meeting. The Japanese trading houses board is against the...

S. Korea's nuclear research institute hacked by N. Korean agency: lawmaker
Jun 19, 2021 14:56 pm UTC| Economy Science
South Koreas Ministry of Science and ICT official is investigating a potential hack into a state-run Korea Atomic Energy Research Institute by a group suspected to be associated with a North Korean intelligence...