Negotiations at the fifth meeting of the Intergovernmental Negotiating Committee on Plastic Pollution (INC-5) in Busan ended with delegations failing to reach a deal and agreeing to resume talks next year. The INC-5, which started based on a resolution passed during the UN Environment Assembly meeting in March 2022, started Monday in Busan, with hopes of reaching an agreement to end plastic pollution. The meeting concluded late Sunday without a deal, despite making “significant progress&rd

Northvolt, backed by Volkswagen Group, was once hailed as Europe’s hope for an electric vehicle battery champion to challenge the creeping presence of Asian competitors. In a bid to spur growth, the Swedish battery maker hired dozens of battery researchers from Korean rivals, promising heftier salaries and a better quality of life -- until recently. After years of financial struggles, however, the company last month filed for bankruptcy protection in the US and its employees reportedly see

Hybe said on Monday that Chairman Bang Si-hyuk secured approximately 400 billion won ($285 million) during the company’s initial public offering in 2020 by executing what is called a put-back option at the request of one of its investors, adding that the arrangement does not violate the Capital Markets Act. “In 2018, STIC Investments came to us and strongly requested our IPO timeline, worrying about uncertainties. When we refused, they demanded a put-back option instead,” a Hyb