SK Telecom acquires stake in Korea Content Platform founded by SBS, KBS, and MBC television networks

Aug 31, 2021 05:29 am UTC| Business Economy

SK Telecom, a leading telecommunication company in South Korea, has acquired a 20% stake in Korea Content Platform (KCP), a joint venture between the three major Korean television broadcasters including SBS, KBS, and...

McDonald's tells franchisees to close dining rooms amid Delta surge in US

Aug 31, 2021 02:02 am UTC| Economy Business

McDonalds Corp had instructed its franchisees in the US on steps to take in re-closing their dining rooms in areas where the Delta variant is rapidly spreading. The fast-food chains executives suggested that franchisees...

Six Chinese banks dodge $150 million liability in Nike counterfeiting case

Aug 31, 2021 01:36 am UTC| Law Economy

The 2nd US Circuit Court of Appeals ruled that six Chinese banks werent liable for $150 million in sanctions due to the failure of Next Investments LLC to freeze the assets of hundreds of Nike counterfeiters. Next,...

Twice as many men as women invest in cryptocurrency: survey

Aug 31, 2021 00:30 am UTC| Digital Currency Economy

Sixteen percent of men were found to have invested in cryptocurrency, twice more than women at seven percent, according to a survey for CNBC and Acorn by Momentive. The survey was conducted from August 4-9, 2021, among...

NFT accelerator Launchpad Luna to help creators reach new heights with funding, training

Aug 30, 2021 19:22 pm UTC| Digital Currency Economy

Venture accelerators Brinc and digital entertainment, blockchain, and gamification company Animoca have collaborated to enable new NFT projects with their new NFT Accelerator Launchpad Luna. Those accepted into the...

Coffeebanhada of the robot barista fame seeks investors for expansion

Aug 30, 2021 18:31 pm UTC| Economy Investing

South Korean budget coffee chain operator Coffeebanhada is seeking to attract investment from private equity funds and strategic investors to fund its expansion from 170 unmanned cafes to 1,428 by 2025. Coffeebanhada,...

Woori ruling signals clemency for other bank chiefs in misselling scandal

Aug 30, 2021 17:46 pm UTC| Law Economy

The Seoul Administrative Courts ruling nullifying a penalty for Woori Financial Group Chairman and CEO Sohn Tae-seung signals clemency for other chiefs of banks and other financial institutions blamed for private fund...