Ford’s chief technology officer Ken Washington moves to Amazon

Jun 25, 2021 08:59 am UTC| Business Economy

Ford just lost one of its executives, and this was announced on Thursday, June 24. It was revealed that the companys chief technology officer is leaving to take on a role in the e-commerce giant Amazon. As per CNBC,...

Calvin Klein owner selling Arrow and Van Heusen labels

Jun 25, 2021 08:33 am UTC| Business Economy

Calvin Kleins owner, PVH Corp., is discarding some of its known labels, including Van Heusen, Izod, Geoffrey Beene, and Arrow trademarks. The sale was revealed on Wednesday, June 23. Reason for unloading some of the...

Samsung Electronics slapped with $207 million fine over cafeteria contracts

Jun 25, 2021 08:00 am UTC| Business Economy

Samsung Electronics, along with its four affiliates, were fined by the Korea Fair Trade Commission for awarding cafeteria contracts to Samsung Welstory, one of its affiliates, since 2013. The trade watchdog explained that...

Wendy's reveals plans to expand to Central Asia

Jun 25, 2021 07:51 am UTC| Business Economy

Wendys is set to have an additional 65 restaurant outlets in Central Asia, and this plan has been revealed this week. The fast-food chain announced that in the coming years, there would be more branches in the said region,...

Shinsegae’s Emart signs deal to acquire 80% eBay Korea stake for ₩3.4 trillion

Jun 25, 2021 07:17 am UTC| Business Economy

Shinsegae, Emarts parent company, was the final winner in the bid to acquire the Korean unit of the e-commerce platform eBay. Although at first, the company formed a consortium with Naver to win in the bidding, the tech...

E-Mart24 opens 1st of 300 stores to be put up in Malaysia in 5 years

Jun 24, 2021 22:15 pm UTC| Economy Business

E-Mart24 Inc. opened its first store in Malaysia, a 257-square-meter outlet in an office district in Kuala Lumpur, on Thursday as part of its push to open 300 stores in five years in the Southeast Asian country. The...

S. Korean millionaires increase by 140,000 to 1.05 million in 2020

Jun 24, 2021 21:51 pm UTC| Economy Life Business

The number of South Koreans with assets worth over $1 million, or nearly 1.1 billion won, increased by 140,000 on-year to 1.05 million in 2020, accounting for 2 percent of the worldwide total. Last year, there were 5.2...