
China's food import law worries foreign businesses
Dec 31, 2021 22:58 pm UTC| Business Economy Law
Chinas new laws now require all food importations to register with the customs authority, creating another barrier for international firms who have long complained of unfair treatment. Chinese consumers purchased $108...

S. Korean retail investors enjoy higher returns in shares of Hermes, Louis Vuitton
Dec 31, 2021 22:47 pm UTC| Economy Business Life
South Koreans who bought shares of foreign luxury brands such as Hermes, Louis Vuitton, and Gucci enjoyed higher returns than other local retail investors this year. According to data from the Korea Securities...

S. Korea pulls down greenhouse gas emissions by 3.5%
Dec 31, 2021 22:44 pm UTC| Business Economy Nature
South Koreas environment ministry revealed that the country emitted 701.3 million tons of greenhouse gas in 2019, confirmed by the Greenhouse Gas Inventory and Research Center. The 2019 figure, represents a 3.5 percent...

McDonald’s disallowed to build restaurant, drive-thru at ancient Roman site
Dec 31, 2021 22:43 pm UTC| Business Economy Life
Italys Council of State has officially denied McDonalds plan to put up an 8,600-square-foot restaurant with a drive-thru for $1.47 million at the Baths of Caracalla, an ancient site in Rome, for the protection of cultural...

IBS develops photocatalyst that converts carbon dioxide to hydrocarbon
Dec 31, 2021 22:38 pm UTC| Science Economy Business
The Institute for Basic Science (IBS) has developed a photocatalyst that converts carbon dioxide into useful hydrocarbon energy. The study was done in collaboration with the Daegu Gyeongbuk Institute of Science and...

Kogas to supply 1.03 million tons of hydrogen in 2030
Dec 31, 2021 22:38 pm UTC| Economy Business
Korea Gas Corp. (Kogas) broke ground for the construction of its production base in Gwangju in March 2023 that could help it supply 1.03 million tons of hydrogen in 2030. Of that volume, the company will supply 830,000...

South Korea court orders sale of confiscated Nippon Steel assets wartime forced labor lawsuit
Dec 31, 2021 22:38 pm UTC| Law Economy Politics
A South Korean district court branch ordered the sale of confiscated assets of Nippon Steel Corp. to compensate four Korean plaintiffs in a wartime forced labor lawsuit. The court seized the assets located in South...