May 18, 2022 09:50 am UTC| Business Economy
Mastercard introduces an innovative and unique to pay in this era of robots and advanced automation. The American financial service company is piloting its Biometric Checkout Program that allows customers to pay just using...
Amorepacific apologizes for employees’ ₩3 billion heist
May 18, 2022 09:26 am UTC| Business Economy
AmorePacific, a South Korean beauty, and cosmetics chaebol issued an apology on Tuesday, May 17, after it was revealed that three of its staff stole money from the company. The employees were said to have embezzled a total...
May 18, 2022 08:23 am UTC| Business Economy
Reebok is selling over 100 of its stores in Russia and Turkeys retail company, FLO Magazacilik, is currently in discussion for the acquisition of the properties. The talks were reportedly confirmed by the latters chairman,...
Samsung reportedly raising prices of its semiconductor products
May 18, 2022 07:46 am UTC| Business Economy
Samsung Electronics Co. is reportedly mulling on hiking prices for its chips. It is considering up to a 20% increase, and this was first reported on Friday. The company is said to be currently in talks with foundry...
Court picks KG Group as SsangYong Motor preferred bidder
May 18, 2022 07:31 am UTC| Business Economy
SsangYong Motor is in search of a new buyer after its acquisition deal with Edison Motors Company failed to push through. The race to acquire the South Koreabased automobile manufacturer opened again, and companies have...
Nike inks Stanford's Rachel Heck as first NIL golfer
May 17, 2022 23:23 pm UTC| Sports Economy Business
US sportswear brand Nike has signed Stanford Universitys Rachel Heck as its first name, image, and likeness (NIL) golf athlete. Heck is presently ranked third in the World Amateur Golf Rankings, with significant...
S. Korea's blockchain gaming industry rattled by TerraUSD, Luna debacle
May 17, 2022 23:23 pm UTC| Digital Currency Economy Business
South Korean gaming firms that feature virtual coins and other blockchain functionalities remain on alert over the adverse effects of the recent collapse of the TerraUSD and Luna cryptocurrencies. Cryptocurrencies...