Winds of change for Samsung’s militant work culture
S. Korea‘s richest conglomerate attempts to ditch militant corporate culture to secure talent.
Corporate Buzz
Samsung starts mass production of world’s first 3-nm chips
The latest 3-nanometer manufacturing technology boasts greater transistor density than the current 5-nm, which means higher speed and lower power consumption.
Chinese industrial hub sets sights on metaverse
For Nansha district in Guangzhou, a center for high-end manufacturing, the metaverse represents not just a fascinating concept but a whole new lucrative realm of business.
Tyre maker Michelin to leave Russia
Michelin cited supply chain problems as the main reason behind its decision to give up business in Russia.
Novel spirit looks to energize Japan’s sake industry
Kure-based Naorai Inc. uses a patented technique to make a distilled beverage from sake that it brands as Jo-Chu, Purified Spirit.
Mukesh Ambani resigns from Reliance Jio Board, eldest son Akash appointed Chairman
Mukesh Ambani will continue to be the Chairman of Jio Platforms Ltd, the flagship company that owns all Jio digital services brands.
China’s technology firms among pacesetters of metaverse
Chinese tech heavyweights Huawei and Alibaba, are working alongside Meta (formerly known as Facebook), and aiming to accelerate the development of the metaverse.
Top 10 Chinese metaverse firms with greatest potential
To make the list, a firm is required to be valued at over $1 billion. Among them, 16 percent are State-owned enterprises; 84 percent are private enterprises.
Japan’s video game giants profit from back catalogs
A major reason for older titles’ continuous good sales is the shift from brick-and-mortar retail to downloading.
Air passengers to reach 83 percent of 2019 levels this year: IATA
The air industry was sent reeling by the pandemic, with passenger numbers plunging 60 percent in 2020 and remaining 50 percent down in 2021. Airlines lost nearly $200 billion over…