South

Facing the possibility of a flagging economy, or even recession, finance chiefs are dusting off playbooks from past slowdowns and plotting strategies for what may be coming.Across industries, companies have been singed by inflation, which at 8.3% in April is near its highest in decades. How long the Federal Reserve’s tightening campaign to stifle those price advances will continue is unclear.…

A coalition of consumers on Friday filed a police case against Google's top executives, including CEO Sundar Pichai, for the tech giant's in-app billing system that forces domestic app developers to pay hefty commissions.According to The Korea Times, Citizens United for Consumer Sovereignty (CUCS) has filed a complaint against Pichai, Google Korea CEO Nancy Mable Walker and Google Asia-Pacific President Scott Beaumont at Gangnam Police Station in Seoul for allegedly violating the country's Telecommunications Business…

Image used for representation. (File image)The carrier Comair, which is under administration, also operates budget airline Kulula. Those planes are also grounded, with ticket sales for both airlines suspended.AFP Last Updated:June 03, 2022, 11:00 ISTFOLLOW US ON:Comair, the South African operator of British Airways flights, has grounded all of its planes after running out of cash, the company said. The carrier, which is under administration, also operates budget airline Kulula. Those planes are also grounded, with ticket…

Samsung has been hard at work advancing the cause of 5G. It remains a leading global supplier of networking equipment. The company also collaborates with others in the industry on projects that push the envelope on 5G technology. To that end, Samsung has worked with Naver Cloud to launch the first private 5G network in South Korea. The private network has been deployed at 1784, which is what Naver’s new second headquarters is called. Naver is one of the largest tech companies in South Korea. Samsung’s 5G solutions are…

The Granny Smith gold mine in Australia, operated by Gold Fields, which has been working to diversify its operations outside of South Africa. Photo: Carla Gottgens/Bloomberg News…

South Korean cinema went from strength to strength on Saturday, scooping two major prizes at Cannes for the first time in the country’s history.Park Chan-wook clinched the best director award for his erotic crime movie Decision to Leave, while Song Kang-ho, best known for his role in the Oscar-winning Parasite, picked up the best actor award for Broker.In his acceptance speech, Park, 58, spoke of the challenges the pandemic had presented: “Fans didn’t visit movie theatres, but it was the time that we were aware of the…

South Korea will resume 136 flights on 22 international routes, including one connecting Seoul and Tokyo, starting from June 2022, a state-run airport management company said. The Korea Airports Corporation (KAC) said five airports — Gimpo, Gimhae, Jeju, Daegu and Yangyang — will reopen international routes from early June, Yonhap news agency reported. The KAC added the resumption of an air route between Seoul’s Gimpo and Tokyo’s Haneda airports is expected to be around June 8. It is the shortest flight route connecting…

Nissan announced a partnership with Pole to Pole founder and adventurer, Chris Ramsey, to drive a custom-built Ariya from the Magnetic North Pole down to the South Pole. The nearly 17,000-mile trip will be made by Ramsey and a team behind the wheel of a Nissan Ariya e-4ORCE – the first vehicle to complete such a drive if successful. Nissan Motor Corporation ($NSANY) has been in business since the 1930s in Japan and is recognized as one of the early promoters of electric vehicles with its Nissan LEAF, which debuted…

TOKYO — As U.S. President Joe Biden visits Japan and South Korea, the three countries are looking for common ground on the world stage. One place they're finding it is semiconductors.A first stop for Biden on his first swing through Asia as president was a Samsung factory in South Korea."These little chips, only a few nanometers thick, are the key to propelling us into the next era of humanity's technological development," Biden said on Friday.The new president of South Korea, Yoon Suk-yeol, said over the weekend that he…

Samsung on Friday demonstrated the industry's first chip made using its 3 nm-class process technology featuring gate-all-around type transistors to Joe Biden and Yoon Suk-yeol, presidents of the U.S. and South Korea. The company is on track to start high-volume manufacturing of chips using its 3GAE technology in Q2 2022. On Friday, Joe Biden arrived at the U.S. Osan Air Base in South Korea and immediately headed to Samsung's flagship semiconductor manufacturing facility near Pyeongtaek, which is currently the world's…