Japan auto parts manufacturer enters field of urban farming
Otsuka took a decision following a decline in orders during the Covid-19 pandemic.
Corporate Buzz
South Korea’s tech behemoths Naver, Kakao race for AI dominance
The two tech behemoths Naver and Kakao are going all-in to win the tech war using artificial intelligence, through AI-powered search engines and logistics solutions businesses.
Toyota unveils 1st exclusively electric model under Lexus brand
The RZ is the luxury brand’s second entry into the electric vehicle market following the UX300e, a compact sport-utility vehicle launched in 2020.
China approves Pfizer’s lung cancer therapy
The targeted therapy demonstrates better penetration of the blood-brain barrier and has less drug resistance among other advantages, said the company.
Huawei: 5.5G to deepen digital, intelligent transformation
Huawei also said that the company’s “explorations” will eventually help develop virtual and augmented reality.
Outpacing Hyundai, SK becomes 2nd-largest conglomerate in South Korea
Samsung remained at the top, while LG and Lotte placed fourth and fifth, respectively.
3 French luxury houses log whopping 3 trillion won sales in Korea
Despite record sales, a source said that Chanel Korea's employees did not receive any incentive payments.
Mekong Delta province plans comprehensive steps to develop rice brand
The province will also choose particular rice varieties for cultivation after researching their quality and evaluating their market potential.
Amid K-pop boom, instant noodle exports break $70 million mark in March
Food industry sources attribute the constant growth of ramyeon exports to the global boom of Korean movies, drama and music.
Shanghai continues to attract investment banks despite lockdown
Goldman Sachs and JP Morgan Chase are among the banks to have moved staff from Hong Kong to Shanghai in recent weeks, reported Financial Times.