Hyundai crashes Ioniq 5 to demonstrate EV battery safety
The carmaker boasts enhanced safety features in case of fire for the model.
Corporate Buzz
Apple’s move to ditch Korean displays met with skepticism
When it comes to the latest iPhone 14, Samsung and LG are estimated to supply 70 per cent and 20 per cent of the OLED displays.
China’s Covid-19 shift catches drugmakers by surprise
While the worst of China’s Covid-19 surge has abated in major cities including Beijing and Guangzhou, the abrupt about-turn led to a run on pharmacies in December.
Saudi Arabia bets big on Hallyu with 1.2 trillion won Kakao investment
The capital injection is the largest amount ever received by a content company in the country.
Singapore-based Crypto.com to cut global workforce by 20%
The layoffs at Crypto.com would be its second in about six months, after it cut 260 jobs in July last year to weather the macro economic downturn amid rising interest rates.
Top 10 most competitive listed companies in China
Renowned alcohol brand, Kweichow Moutai, tops the list which was jointly released by the Institute of Chinese Enterprise Development and Guotai Junan Securities.
China targets cosmetics makers amid fears of technology transfer
According to several sources, the authorities require cosmetic companies to register all the raw ingredients used in cosmetic products by the end of April 2023.
No plan to launch IPO, Ant Group says
The remarks came after Ant said in a statement that no shareholder, alone or jointly with other parties, will have control over the company, as part of its broader push to further…
McDonald’s Japan to raise prices for 3rd time in less than a year
The company cited soaring costs for materials, labor, transportation and electricity.
ANA, JAL log 5-fold rise in intl passengers during holidays
Both were about half the levels marked in fiscal 2019, before the spread of the novel coronavirus.