
Taiwan's TSMC vows to prioritize auto chip production amid global shortage
Jan 25, 2021 13:50 pm UTC| Economy Business
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) vowed to increase auto chip production capacity and make the process more efficient, amid a global shortage that has hampered car production. According to TSMC, its...

South Korea: Beauty store outlets gravely suffers amid the COVID-19 pandemic
Jan 25, 2021 10:40 am UTC| Business Economy
South Korea is a well-known region for cosmetics, and in fact, it can be considered as the center for beauty products. The countrys K-beauty industry blossomed, and franchises from the leading local cosmetic companies have...

South Korea: Lotte and Shilla are closing duty-free stores at Incheon Airport
Jan 25, 2021 10:00 am UTC| Business Economy
Lotte and Shilla are two of South Koreas leading major duty-free operators. Both have opened outlets inside the Incheon Airport Terminal 1, but they will be vacating the area next month, according to the reports. The...

Jan 25, 2021 07:57 am UTC| Business Economy
There is a worldwide issue with semi-conductor chips supply for cars, and Germany stepped up to resolve the problem. It was reported that the country asked manufacturers in Taiwan to help with easing the chips...

Toyota Group ramping development of fuel-cell vehicle, parts
Jan 24, 2021 21:23 pm UTC| Economy Business
The Toyota Group is ramping efforts in developing hydrogen fuel-cell vehicles and its parts to meet the global demand for eco-friendly cars. Last month, Toyota Motor Corp. released its second-generation hydrogen-powered...

S. Korean excavator makers Doosan, Hyundai expected to sustain China sales
Jan 24, 2021 19:03 pm UTC| Economy Business
Exports of South Koreas two excavator makers Doosan Infracore Co. and Hyundai Construction Equipment rose 19 percent to US$200 million in December from the previous year ago, mainly due to a boom in Chinas construction...

General Motors warns Indian state that blocking its exit could hit future investment
Jan 24, 2021 15:15 pm UTC| Economy Business
American automaker General Motors (GM) warned that the Maharashtra governments move to block it from shutting a plant and exiting India may alarm potential investors. Earlier this week, the state of Maharashtra rejected...