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▲ Hyundai Rotem = [Exclusive] Took out a hidden card for the Norwegian tank business… Presented 'local production and technology transfer'
Hyundai Rotem took out a hidden card to acquire the Norwegian tank business. The intention is to prevail over the course of a few weeks by presenting local assembly through technology transfer.
▲ Hankook Tire = The US factory expansion review, the Global 100 million production belt speed
Hankook Tire & Technology has begun the second phase of the Tennessee plant in the United States. As the US government moves to impose high rate tariffs on Korean tires, it is in a mood to pull back on the additional investments that have been sluggish.
▲ Pulmuone = [Exclusive] Tofu Airlift Operation to the US…Due to Covid-19 meat replacement demand surges
Pulmuone airlifts tofu to the United States. When the slaughter of meat became difficult in the aftermath of the new coronavirus infection (Corona19), tofu sales increased vertically due to a surge in demand for plant protein replacement.
▲ KAI = signs a satellite fuel supply contract with a Russian defense company… "Launch in 2021"
Korea's aerospace industry (KAI) is conducting a global satellite project to cruise, including a fuel supply contract with a Russian defense company.
▲ LG Chem, GM = deepen the cooperation, following expansion of battery Automotive electronic equipment cooperation
LG Electronics will cooperate with a Finnish software company to develop a plastic all-red (P-OLED) for the Cadillac series of General Motors. Accelerating the successful supply of P-OLED, strengthening the alliance between LG Group and GM, from automotive displays to batteries.
▲ Hyundai Heavy Industries = Drops Indian Logistics Support Ship Project
The Indian Navy Logistics Support Ship project returned to Turkey after Hyundai Heavy Industries had hungry for orders. Indian shipyard Hindustan Ten Yards Limited (HSL) is working with a Turkish company to build a fleet support ship instead of HHI.
▲ Hyundai Motor = Kona EV beats Tesla Model 3, third place in France
Hyundai Motor'Kona Electric' beats Tesla Model 3 in France According to industry sources on the 23rd, Hyundai Motor's Kona Electric was ranked 3rd in the French EV (BEV) sales ranking with a total of 351 sold in a month in May.
▲ LG Chem = Shanghai Stock Exchange request 'LCD polarizer' sale business review
Chinese chemical material manufacturer Shanshan strengthens communication with the market in the process of purchasing LG Chem's liquid crystal display (LCD) polarizer business. The local Shanghai Stock Exchange asked to provide comprehensive information on the reasons for the transaction and financing.
▲ Korea Coal Corporation = 'Insolvent mass' Hanmong Energy Development
The Korea Coal Corporation is struggling with the transfusion of funds for the development of Hanmong Energy, which has become a'loppy mass'. The board of directors asked for funding, but it was rejected.
▲ Kia Motors = Reorganizes focus on Chinese lineup profitability
Kia Motors' Chinese lineup is rapidly reorganizing around profitability. It's more than a good brand for'quality/performance', rather than a good brand for 'cost-effectiveness'.
▲ Korean firms = Issue 'Swiss bonds', up 13% from the previous year
Domestic companies issuing bonds in Switzerland are lined up. With the new coronavirus (Corona19), frozen in the global financial market, the Swiss market is relatively stable. It is also said that it is relatively easy to find investors, and interest rates are more advantageous than dollars.
▲ KDB Industrial Bank = Acquires 'AA-' credit rating from 4 overseas branches
Global credit rating agency Peach evaluated the long-term issuer rating (IDR) of four overseas branches, such as KDB Industrial Bank, New York, London, Singapore, and Tokyo, as'AA-'. Short-term IDR was given'F1+'. This is the same level as the credit rating of the headquarters of KDB Industrial Bank. This is the first time that Fitch has evaluated KDB Industrial Bank's overseas credit rating.
▲ Tesla = Strengthens rear blind spot monitoring function "Use of autonomous driving camera"
American electric vehicle maker Tesla is working to improve the blind spot monitoring function, which has been pointed out as a weakness. On the 22nd (local time), Elon Musk's CEO, Tesla, said to his Twitter, "Yes, is the warning system added when reversing?"
▲ LG Electronics = MOU with China's Rong jiao group to supply system air conditioning
LG Electronics plans to target the air conditioning market by tapping into supplying system air conditioners to large Chinese food companies. According to the industry on the 23rd, LG Electronics and Long Ziou, a subsidiary of Long Ziou Group in China on the 21st (local time), acknowledged for tapping the supply of system air conditioners. A Memorandum of Understanding (MOU) was signed.
▲ Lotte Mart = Expands OCOP certified products in Vietnam… 'Strengthen local producers' win-win'
Lotte Mart is expanding its OCOP (Local Producers Association) certified products in Vietnam to promote win-win growth with local producers.
With the merger of Naver's subsidiary 'Line' and Japan's SoftBank portal service 'Yahoo Japan', the bid price for line shares has been significantly increased. Naver and Softbank will set up a joint venture that acts as an intermediary for the merger, and will have 100% grandchildren of the line currently listed on the Tokyo and New York Stock Exchanges. As the bid price of the line increased, the amount of money that major shareholders Lee Hae-jin, Naver founder and GIO (Global Investment Officer), Shin Joo-ho, and Lee Joon-ho, chairman of NHN, could have in hand became even bigger.
▲ Myanmar = Promote'Korea Desk' to support Korean companies
The'Korea Desk' is installed in Yangon, the capital of Myanmar, to support Korean companies. According to related industries on the 23rd, Minister of Commerce Thanh Myint and Korean Ambassador Lee Sang-wha, Jumiyanmar discussed the establishment of the Korea Desk through a video conference on the 22nd (local time).
