
S. Korea wary of US defense law as it backs Samsung, SK over info sharing
Oct 06, 2021 23:35 pm UTC| Law Economy Business
South Korea expressed concerns regarding the Biden administrations plan to apply the Defense Production Act (DPA) if their chipmakers operating in the US, Samsung Electronics and SK Hynix, fail to disclose classified...

Lawmaker accuses Netflix Services Korea of evading taxes by sending profits to HQ
Oct 06, 2021 23:35 pm UTC| Economy Law
A lawmaker accused Netflix Services Korea Ltd. of evading taxation in South Korea by turning over most of its revenues to overseas headquarters as a commission. According to independent lawmaker Yang Jung-suk, the South...

Hormel to use process of feeding potatoes to fungi in developing alternative meat
Oct 06, 2021 23:35 pm UTC| Science Economy Business
Hormel Foods through its incubator arm 199 Ventures has partnered with The Better Meat Co. to develop a process of making mycoprotein out of a potato-based fermentation. The partnership would be tapping Better Meats...

NFT Collection of NBA great Shaquille O'Neal to run on Ethernity Chain
Oct 06, 2021 23:35 pm UTC| Digital Currency Sports Economy
Retired NBA star Shaquille Shaq ONeal will launch his NFT collection in collaboration with Ethernity Chain that will feature five highlight scenes from his playing career at Los Angeles Lakers, Orlando Magic, and Miami...

Chairman apologizes over Kakao's abuses
Oct 06, 2021 22:27 pm UTC| Economy Business
Kakao founder and chairman Kim Beom-su apologized for his firms abuse of its monopoly status in threatening small business owners and promised to address the matter urgently. Kim also vowed to make Kakaos de facto...

Starbucks Korea employees protest heavy workload ahead of Halloween, Christmas promos
Oct 06, 2021 22:09 pm UTC| Economy Business
Starbucks Koreas employees threatened to hold rallies against frequent promotional events that have been significantly increasing their workload ahead of the planned Halloween and Christmas seasonal promotions. They...

Hertz appoints former Ford CEO Mark Fields as its interim chief
Oct 06, 2021 11:59 am UTC| Business Economy
Hertz Corp., an American car rental company headquartered in Estero, Florida, just appointed Mark Fields as its interim chief executive. He will be succeeding Paul Stone, who will be promoted to the role of the companys...