In South Korea, bankruptcy fears loom large over Tmon, WeMakePrice
Qoo10 CEO Ku Young-bae pledged a "complete recovery of damages" related to the payment delays affecting its struggling e-commerce affiliates, Tmon and WeMakePrice, with government…
Corporate Buzz
Qoo10 liquidity crisis in South Korea sparks massive complaints, fears of wider damage
The platforms failed to pay money owed to sellers in May, prompting traders to leave the platform as well as customer complaints. In a presser on Thursday, Ryu Hwan-hyun, CEO of…
AirAsia’s Tony Fernandes wants Microsoft compensation for the CrowdStrike outage
On July 19, a flawed update from US cybersecurity company CrowdStrike crashed Windows PCs all over the world, with computers displaying the dreaded “blue screen of death.”
Kobayashi Pharma chair, president step down over “Benikoji” red rice mould issue
After leaving his post as a director without representative rights, former company president Akihiro Kobayashi will concentrate on dealing with a series of problems and…
What are the charges faced by Kakao founder?
Charges center on the Korean tech titan's role in alleged SM stock manipulation during its sale to Kakao.
Starbucks Foundation supports coffee centre in rural Yunnan
Covering 1,700 square meters, the center aims to enhance local coffee production, integrate coffee and tourism, and promote ethnic cultures, said the foundation.
Meta apologises over translation error by Facebook relating to Malaysian King’s installation
Meta's Southeast Asia public policy director Rafael Frankel said the technical error on the platform has since been resolved.
Kakao founder arrested over alleged stock manipulation
The court cited risks of him fleeing and destroying evidence.
BYD, other carmakers to follow through on local factory plans in Indonesia, government says
Aside from easing local content rules, the government's EV investment scheme compels foreign makers to make good on their promise to build local factories, a senior official says.
Singapore’s Tada ride-hailing app to enter Hong Kong in November, eyes South Korea next
The move comes as the government plans to regulate private car-hailing services, which remain largely illegal, unlike in other parts of Asia such as Singapore and mainland China.