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▲ Korea Petroleum Corporation = [Exclusive] Korea Petroleum Corporation, another 184 billion credit guarantee to it's Canadian company
Korea Petroleum Corporation decided to provide it's Canadian arm Harvest a credit guarantee. It is worth 150 million dollars. As of the end of last year, Harvest has a total of 3,582 million debt. Korea Petroleum Corporation's financial risk has increased as it has additionally applied to Harvest.
▲ Hanwha Techwin = Hanwha Techwin breaks the Japanese security market with artificial intelligence cameras
Hanwha Techwin has launched the AI camera 'Wisenet P' series in Japan. Target the Japanese security market. 'Wisenet P' combines the Wisenet network integrated management software and Retail Insight 2.0 with the existing product. When combined with Hanwha Techwin's integrated control solution Wisenet Smart Security Manager (SSM), the control efficiency is further enhanced. In particular, AI-based object detection technology has further increased detection accuracy.
▲ Hanwha QCELLS = [Exclusive] Norwegian REC Group sued Hanwha QCELL in China
Norwegian REC Group sued Hanwha Q CELLS in China. They said Hanwha QCELLS violated its patent. REC Group claimed that "Hanhwa QCELLS used core manufacturing technology without permission" Prior to this, Hanwha QCELLS first filed a lawsuit against REC Group and Chinese companies in the US in March last year. Similar litigation is ongoing in Germany.
▲ Korea Export-Import Bank = Export-Import Bank, Proposed $ 30 million support to overcome Myanmar's Covid-19
The Export-Import Bank of Korea proposed an emergency loan of $30million to the Foreign Economic Cooperation Fund (EDCF) in Myanmar. The purpose is to overcome the Covid-10 situation. However, the government of Myanmar has yet to decide whether to seek assistance. EDCF is held as a national debt.