Vehicle electrification forces Japanese auto parts-makers to shift industries

Jun 22, 2021 15:06 pm UTC| Economy Business

More Japanese auto parts makers are making use of their technology to explore new business opportunities in other sectors as demand for traditional components is likely to decline with the increased electrification of...

Amazon’s Jeff Bezos: Citizens launch petition to stop him from returning to Earth after space travel next month

Jun 22, 2021 10:30 am UTC| Business Economy

Amazon chief Jeff Bezos previously announced his plan to travel to the edge of space next month. He said that he would be one of the first few civilians who will be able to go on the very first passenger flight to space...

Steven Spielberg's Amblin Partners teams up with Netflix for feature films

Jun 22, 2021 09:41 am UTC| Business Economy

Steven Spielbergs production company, Amblin Partners, just signed a deal with Netflix for multiple feature films. It was reported that the blockbuster director who is known for his worldwide movie hits including Jurassic...

Coupang criticized for alleged negligence over warehouse fire that killed a fireman; Enraged consumers call for boycott

Jun 22, 2021 09:16 am UTC| Business Economy

The Coupangs warehouse in Gyeonggi province was gutted by fire last weekend. It was said to be one of the e-commerce companys largest warehouses that measure 127,178 square meters. The tragedy caused by the fire The...

S. Korea's exports post 29.5% gain from June 1 to 20

Jun 22, 2021 08:58 am UTC| Economy Business

South Koreas export momentum weakened on base effect, rising 29.5 percent in the first 20 days of the month from a year earlier, which is much less than the 45.6 percent jump for the full month of May. Yoon Yeo-sam, an...

Samsung, LG predicted to sign a deal for the supply of OLED display panels

Jun 22, 2021 08:50 am UTC| Business Economy

Samsung Electronics is reportedly likely to place an order for LG Displays organic light-emitting diode or OLED TV panels. Based on the report, the company is close to signing a deal for the purchase of three to four...

Hyundai is close to sealing the deal for the sale of its Beijing plant

Jun 22, 2021 07:57 am UTC| Business Economy

Hyundai Motor Group is reportedly close to completing the sale of its first plant in Beijing. The South Korean automaker is selling its facility in the said region to Li Motors, a Chinese electric vehicle...