Hyundai motor group plans to invest $16.5 BLN in S.Korea EV business
Hyundai Motor Group said that it plans to invest a total of 21 trillion won through 2030 for the expansion of its electric vehicle (EV) business in South Korea. The South Korean auto group, which houses Hyundai Motor Co and Kia Corp, plans to annually build 1.44 million units of EVs in South Korea by 2030. […]
Sony readies for metaverse revolution with cross-platform push
Japanese conglomerate Sony Group Corp said that it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses. The metaverse is a vague term encapsulating the idea that consumers will spend more time in online simulated environments. While the concept is […]
JP Morgan shareholders vote disapproval of CEO Dimon’s special payout
In an unusual rebuke for Jamie Dimon, CEO of JPMorgan Chase & Co, shareholders clearly disapproved of the special $52.6 million stock option award directors gave him last year to stay on the job for at least five more years. In an advisory say-on-pay referendum, only 31% of votes cast endorsed JPMorgan executive payments for […]