Daewoo Shipbuilding's deal for LNG FSRU revised to building LNG carrier instead

Apr 17, 2021 15:06 pm UTC| Business Economy

Daewoo Shipbuilding Marine Engineering Co.s deal with Japanese shipowner Mitsui OSK Lines (MOL) to build a liquefied natural gas (LNG) floating storage regasification unit (FSRU) has been revised to building a super-large...

Toyota recalls 373,000 Venza SUVs worldwide due to airbag wiring defect

Apr 17, 2021 09:20 am UTC| Business Economy

Toyota is recalling about 373,000 Venza SUVs worldwide from 2009 through 2015 model years because of a wiring problem that can prevent the side airbags from inflating in a crash. The recall, which includes nearly...

US to keep monitoring S. Korea for currency manipulation

Apr 17, 2021 08:16 am UTC| Economy Business

The US is keeping South Korea on a list of its major trading partners to monitor for currency manipulation that puts American workers at an unfair disadvantage. The US Treasury Departments semiannual report to Congress...

Heineken to decarbonize production by 2030 and full value chain by 2040

Apr 17, 2021 08:01 am UTC| Business Economy

Heineken announced goals to decarbonize its production by 2030 and its full value chain by 2040, while also delivering on an interim target to cut emissions from its value chain by 30 percent against a 2018 baseline by...

Germany tightens rules on advertising unhealthy food for kids

Apr 16, 2021 10:33 am UTC| Business Economy

German food marketers have tightened restrictions on advertising unhealthy food to children, now applying it to children 14 and under, instead of 12 and under, and extending to digital media, such as influencer engagement,...

GM Korea to terminate operations in two plants due to chip shortage for now

Apr 16, 2021 10:04 am UTC| Business Economy

GM Korea announced this week that it will be closing down two of its three production factories in South Korea. The operation will be suspended in the sites starting next week as the company has no more semiconductor parts...

S. Korea promotes homegrown technology as global standard for EV wireless charging

Apr 16, 2021 09:57 am UTC| Business Economy Technology

South Korea will ramp up efforts to promote a homegrown charging technology that allows electric vehicles to be charged up to 80 percent of their capacity within an hour as an international standard. The country...