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Tesla has obtained permission to produce and sell Model 3 equipped with lithium iron phosphate (LFP) batteries from the Chinese government. Cooperation with Chinese battery maker CATL is also expected to strengthen.
▲ Doosan Skoda Power = Japan plant steam turbine first shipment, installed in September
Doosan Skoda Power, a company specializing in power generation facilities, shipped a turbine manufactured at a plant in the Plzen, Czech Republic, to the port of Hamburg, Germany, to install a 75MW DST-S10 steam turbine, which was scheduled to be supplied to a Japanese biomass thermal power plant.
▲ KB Kookmin Bank = [Exclusive] Securing management rights in Indonesia's Bukopin Bank and forecasting a 51% stake
KB Kookmin Bank becomes the largest shareholder of Indonesia's Bukopin Bank. Only the approvals of the Korean and Vietnamese financial authorities remain. Following KB Kookmin Bank's acquisition of Prasak in Cambodia and preliminary accreditation for the banking industry in Myanmar, the business area of Southeast Asia was further expanded as it secured management rights in Bukopin Bank.
▲ Dongkuk Steel = [Exclusive] Brazil CSP Steel Mill Environmental Permission Renewal
On the 29th of last month, Dongkuk Steel renewed its environmental permits for Brazil-based slab production steelworks and CSP steelworks. It was first acquired in June 2017, but it was renewed four years later. If the environmental permit is not renewed, the plant cannot be operated.
▲ Samsung Electronics, SK Hynix = [Exclusive] China's Changsin Memory DRAM, customer quality test passed… Korean Pursuit
Chinese semiconductor maker Changshin Memory supplies DRAM to local storage manufacturers. Changshin Memories are rapidly increasing customer base in the domestic market. It is noteworthy whether Samsung Electronics and SK Hynix will stand out in the memory semiconductor market.
▲ Kia Motors = [Exclusive] 100 billion KRW investment in Slovakian engine plant expansion… 184 people dispatched by charter
Kia Motors will invest 100 billion won and expand the engine production line at the Zilina plant in Slovakia. To this end, 184 domestic engineers are dispatched to the previous charter to speed up the expansion.
▲ Hyundai Heavy Industries = With CADMATIC develop ship design system
Hyundai Heavy Industries signed a memorandum of understanding to develop a next-generation ship design system with CADMATIC, a marine and plant software manufacturer.
▲ Hyundai Motor = Chinese Star 'Yang Mi' selected as a Sonata advertising model
Beijing Hyundai, the Hyundai Motor Company's joint venture in China, selected 'Yang Mi', the best star in the Greater China region, as a new Sonata advertising model.
▲ KEPCO = adverse impact on long-term financial outlook for overseas coal projects
Melissa Brown, a researcher at the Australian Institute for Energy Economics and Financial Analysis (IEEFA), said in a report titled 'Question time for KEPCO's board', "I can't ignore the mid- to long-term financial problems of KEPCO" .
▲ KB Securities = Host 100 billion won corporate bond in Vietnam
KB Securities Vietnam (KBSV) is increasing its influence in the investment banking (IB) market. Earnings also skyrocketed. It is an analysis that the strategy of capacity building through collaboration with the IB division of Seoul headquarter led by President Kim Seong-hyun worked.
