
S. Korea's exports jump 45.6%, recovers for 7th straight month in May
Jun 01, 2021 23:44 pm UTC| Economy Business
South Koreas exports jumped 45.6 percent on year in May to US$50.7 billion due to strong demand for chips amid the global economic recovery, to extend its gains to a seventh consecutive month. Outbound shipments came to...

CJ ENM aiming to become Asia’s Marvel Studios with $4.5 billion investment
Jun 01, 2021 10:03 am UTC| Business Economy
CJ ENM is one of the major entertainment companies in South Korea. Last week, it was reported that it is aiming to conquer a bigger market share by expanding outside of the country and targeting the world stage. CJ ENMs...

Qantas Airways announces a year of unlimited flights incentive for COVID-19 vaccinated passengers
Jun 01, 2021 09:32 am UTC| Business Economy
Qantas Airways Limited, the flagship carrier of Australia, is helping promote COVID-19 vaccination by announcing unlimited free flights for a year as an incentive for passengers who have been vaccinated already. Major...

Unilever, ENOUGH sign deal for plant-based protein food innovations
Jun 01, 2021 09:31 am UTC| Business Economy
Unilever teams up with ENOUGH, formerly known as 3F BIO, for plant-based protein innovations. The British multinational consumer goods company based in London announced last week that it will collaborate with the said...

Korean Air wins Thailand’s approval for Asiana acquisition
Jun 01, 2021 08:44 am UTC| Business Economy
Korean Air, the biggest airline in South Korea, revealed on Monday, May 31, that it has earned another approval from two more countries over its acquisition of Asiana Airlines, a smaller local carrier. This means that it...

Ford Korea called out for false marketing claim, FTC ordered automaker to correct the information
Jun 01, 2021 08:14 am UTC| Business Economy
Ford Koreas sales and service division was called out by the countrys Fair Trade Commission for stating that one of its vehicle models has a rear braking support system when there is none. The S. Korean trade watchdog said...

Nestle: Documents allegedly show its products are unhealthy
Jun 01, 2021 07:56 am UTC| Business Economy
Nestle is updating its health and nutrition strategy after it was reported that some of its food and beverages are unhealthy. This is sort of damage control after the Financial Times stated that an internal document showed...