
Chinese Telcos Hopes to Keep Operating in US
Jun 10, 2020 05:44 am UTC| Business
The US units of three state-controlled Chinese telecommunications firms have urged the Federal Communications Commission (FCC) not to revoke their authorization to operate in the US. In April, the FCC issued show-cause...

Hyundai, Kia Increase EV Sales by 58%
Jun 10, 2020 05:33 am UTC| Business
Hyundai Motor Co. and its affiliate Kia Motors Corp. sold a combined 40,182 all-electric vehicles in the January-May period, up 58 percent from the 25,454 units sold in the same period last year. Hyundais EV lineup...

South Korea Enjoys Brisk Excavator Sales to China in May
Jun 10, 2020 05:32 am UTC| Business
South Korean firms sold 3,089 excavators in China in May to nearly double their sales from last year. The brisk sales were attributed to a rebound in the Chinese property market and delayed demand caused by the...

Korea Shipbuilding to Build 2 Petrochemical Carriers for Euro Firm
Jun 10, 2020 04:54 am UTC| Business
Korea Shipbuilding Offshore Engineering Co. (KSOE) has clinched a 90 billion won-order from Europe to build two 50,000-ton petrochemical carriers. The vessels, to be built by Hyundai Mipo Dockyard Co., will be...

Japan's Budget Airlines Relying on New Business Models, Such as Cargo Delivery
Jun 10, 2020 04:53 am UTC| Business
Most of Japans low-cost airlines may soon be relying on cargo transportation to balance infection prevention with profitability until higher seat occupancies are allowed. Budget carrier unit Zipair Tokyo Inc., which is...

Seven-Eleven to Sell Life Insurance via Machines in Japan
Jun 10, 2020 04:53 am UTC| Business
Convenience store chain Seven-Eleven Japan will sell MSAD Insurance Groups life insurance through its multi-function machines in its 20,000 stores. Customers will be able to process their application through their...

Toyota to Start Selling Plug-in Hybrid SUV in Japan
Jun 10, 2020 04:53 am UTC| Business
Toyota Motor Corp. started selling the new RAV4, its first plug-in hybrid SUV in Japan, starting at $42,840. The RAV4s high-powered motor provides a more extended range and better acceleration than its conventional...