SEOUL, Aug. 16 (Korea Bizwire) — South Korea’s antitrust regulator said Wednesday it has sent a formal letter to Google LLC on its decision to slap a fine of 42.1 billion won (US$31.4 million) on the U.S. tech giant for unfair business practices aimed at solidifying its dominance in the local mobile gaming app market. [...]
SEOUL, Aug. 16 (Korea Bizwire) — Samsung Electronics Co. will supply next-generation artificial intelligence (AI) semiconductors to U.S. AI solutions firm Groq, the U.S. company has said. The California-based fabless said Sunday (U.S. time) it contracted with Samsung Foundry to “solidify Groq’s product roadmap with a U.S.-based foundry services provider.” Groq’s new chips will “be [...]
SEOUL, Aug. 16 (Korea Bizwire) — The music video for K-pop girl group BLACKPINK’s “Lovesick Girls” has surpassed 700 million views on YouTube. The video hit the milestone at 1:06 a.m. on Wednesday, the group’s agency, YG Entertainment, said. The feat comes two years and 10 months after the video was uploaded in October 2020. [...]
SEOUL, Aug. 16 (Korea Bizwire) — Jungkook of the K-pop supergroup BTS has stayed atop the U.S. Billboard Global 200 and Global Excl. U.S. charts for the fourth consecutive week with his debut solo single, “Seven.” According to the latest charts unveiled Tuesday (U.S. local time), “Seven” continued to lead both charts for the fourth [...]
SEOUL, Aug. 16 (Korea Bizwire) — As the demand for plant-based milk alternatives continues to surge within the food industry, there’s news that even the Coca Cola Beverage Co. is poised to make its entry into this market. The realm of alternative milk, crafted from plant-based ingredients such as oats, is witnessing heightened attention from [...]
NEW YORK, Aug. 15 (Korea Bizwire) — Vahanna Tech Edge Acquisition I Corp. (Nasdaq: VHNAU, VHNA, VHNAW) (“Vahanna”), a publicly traded special purpose acquisition company, today announced that it will hold an extraordinary general meeting of shareholders of Vahanna at 10:00 a.m., New York time, on August 25, 2023 (the “Extraordianry General Meeting”) to vote [...]
DALLAS, Aug. 15 (Korea Bizwire) – Fogo de Chão (“Fogo”), the internationally renowned restaurant brand from Brazil, today announced that it has entered into a definitive agreement to be acquired by Bain Capital Private Equity (“Bain Capital”) to accelerate its growth and expansion. Fogo will continue to operate under its current management team, led by Chief Executive Officer Barry [...]
WASHINGTON, Aug. 15 (Korea Bizwire) — As South Africa continues to make tremendous strides towards its 2024 global recovery goal, the North American team from South African Tourism reinforced the destination’s commitment to its fastest growing market through a series of advocacy engagements in key American cities including Washington D.C., Los Angeles, Las Vegas, and [...]
NEW YORK, Aug. 15 (Korea Bizwire) – Bipsync (“Bipsync”), a leading provider of research and workflow automation software, today announced a strategic partnership with Lionpoint Group (“Lionpoint”) to provide mutual clients access to a trusted advisor throughout the digital transformation process. Lionpoint is a global consulting firm focused on delivering operational efficiency and enabling technology solutions to the alternative [...]
SEJONG, Aug. 15 (Korea Bizwire) — The government is considering extending a tax cut scheme on fuel consumption, which is set to expire this month, through December, sources said Tuesday, amid soaring energy costs and high inflation. According to the sources, the Ministry of Economy and Finance has been mulling extending the measure and plans [...]