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  • Taiwan halts sales of Japanese red yeast rice products

    Taiwan’s Minister of Health and Welfare Hsueh Jui-yuan announces the removal of products made with red yeast rice from Japan due to adverse reactions. Kobayashi Pharmaceutical’s recall follows reports of acute kidney failure, with one reported death under investigation.
    2024/03/26 13:55
  • Son Ye-jin’s star power boosts golf brand

    Beloved Korean actress Son Ye-jin extends her endorsement contract with golf brand PIRETTI through 2024, captivating audiences worldwide. Despite reducing public appearances and film projects after marriage and childbirth, Son’s allure remains undiminished, fostering brand loyalty. Her personal passion for golf is showcased on social media, where her golf attire, including polo shirts, pleated skirts, calf-length white socks, and sneakers, garners widespread attention. Son’s popularity soared in Asia after her role in the Korean drama "Crash Landing on You," boosting PIRETTI’s product sales. With her enduring charm and influence, Son’s star continues to shine bright as she balances her personal and professional life.
    2024/02/07 17:46
  • LINE Pay soars 195% in market debut, hits NT$1030

    LINE Pay, a mobile payment provider, had a successful over-the-counter market debut in Taipei, with shares soaring 195% from the listing price of NT$348 to a record high of NT$1030. The company’s financial documents reveal a capital of NT$600 million and earnings per share of NT$8.04 in 2022. LINE Pay’s revenue for 2022 reached NT$3.62 billion, demonstrating consistent growth over the past four years. With over 500,000 payment locations and more than 7 million active users out of 12 million customers in Taiwan, LINE Pay predicts that its revenue will increase to NT$4.78 billion in 2023. Notably, nearly half of the population in Taiwan are LINE Pay users. In terms of revenue share in 2023, transaction fee income accounted for 83%, financial promotion collaborations for 12%, and marketing product sales for 5%, according to LINE Pay’s statement.
    2024/01/26 17:23
  • Foxtron marks milestone with record n7 EV model pre-orders

    Foxtron, a joint venture of Yulon Motor’s Luxgen Motor, has received over 9,100 pre-orders for its n7 electric vehicle (EV), making a significant impact on Taiwan’s domestic EV industry. Deliveries of the highly anticipated n7 model are set to begin in mid-January next year and be completed by the end of June. The n7’s pre-order numbers, achieved in just two days, equal three years of total EV sales in Taiwan, signaling a bright future for the EV market. Foxconn CEO Young Liu, leading the electric transformation of the trillion-dollar corporation, sees the increasing global competition in the EV sector as beneficial for Foxconn and its business models. Platformization, modularization, and standardization are key strategies for achieving cost control and timely product launches, which are at the core of Foxconn and Foxtron. The n7 model, benefiting from the shared platform provided by Foxtron, enjoys a competitive edge in cost, aligning with Foxconn’s global EV aspirations. The success of Foxtron’s n7 could potentially usher in a new era for Taiwan’s presence in the international EV landscape as the demand for sustainable transport continues to grow.
    2023/11/22 20:38
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