[K-Biz brief] SK Innovation investment agreement with Georgia, the US (June 27)

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▲ SK Innovation = [Exclusive] An investment agreement with Georgia of the US for KRW 1.1 trillion, starting the second battery factory

SK Innovation is investing 920 million dollars (about 1.13 trillion won) to expand the electric vehicle battery plant in Georgia, USA. Construction of the second factory followed by the second factory will increase production and preoccupy the United States, the largest battlefield for global automakers.

 

▲ Korea Mint Corporation, POSCO International = [Exclusive] Fire at Uzbekistan Plant

A fire broke out at the Global Comsco Daewoo (GKD) Uzbekistan plant, a joint venture between Korea Mint Corporation and POSCO International's cotton pulp producer.


▲ SK Telecom = [Exclusive] 5G SA commercialization spurs, Intel supports

SK Telecom is working with Intel to drive 5G standalone mode (SA) commercialization research.

 

▲ Lotte E&C = Indonesian partner default crisis... Prospects for disruption to 'Ha seok-ju's overseas strategy'

The Indonesian joint venture partner'Mordernland Realty' of LOTTE E&C is in default (debt default) crisis. The debt situation was so bad that debt payments were difficult. The disruption of overseas strategy by CEO Seok-Joo Ha, who had ambitiously advanced into Southeast Asia dreaming of a global developer, is also inevitable.

 

▲ Hanwha Defense = [Exclusive] Export of India's asylum complex system 'emergency light'

An emergency light was turned on for Hanwha Defense's export of a 3 trillion-dollar Indian government anti-aircraft weapon system called'unprotected'. This is because it has entered into a review of the contract due to a problem raised by rival Russia.

 

▲ Korea Investment & Securities = [Video+] Jung Il-moon, 'Banpo Xi' investment jackpot

President Jeong Il-moon earned more than 1.5 billion won in investment in 'Banpo Xi' apartments.

 

▲ Tesla = Sales forecast to remain in the second quarter of this year despite Covid-19

US electric car maker Tesla predicted that the second quarter earnings would deteriorate in the aftermath of Corona19, and that it would record sales similar to last year.

 

▲ Byton = withdrawal from US office and German office to close

Byton, an electric car maker that is emerging as a default, is also making massive cuts in the United States following China. As the new coronavirus (corona19) intensified the management difficulties, the company restructured to reduce costs. With offices and factories already closed in China, observations indicate that the US is actually about to withdraw.

 

▲ Korean tires = India imposed Korean steel tariffs, followed by chemical products

India is considering imposing anti-dumping duties on chemicals after Korean steel to protect its industry. It is judged that imported items have come in cheaply and have damaged domestic companies, so they will charge customs duties.

 

▲ Hyundai Motors = Supply IONIQ EV as a patrol car of Czech police

Ionic Electric, a Hyundai electric car, plays the role of a patrol car of the Czech police.

 

▲ POSCO International = Investment approval for gas field in Myanmar and India

A green light was turned on for the development of a Myanmar gas field project involving POSCO International and Korea Gas Corporation. The partner, ONGC Videsh, the state-owned oil and natural gas corporation in India, was approved by the local government for an investment worth 140 billion won.

 

▲ Hankook Tire = Selected as 'GM Good Supplier of the Year'

Hankook Tire & Technology was selected as the'GM Best Supplier of the Year' at the'Best Supplier of the Year Award' held by the global automaker General Motors (GM). The awards ceremony was originally scheduled for March, but was held as an online event in the aftermath of Corona 19.

 

▲ Tesla = California battery production research facility expansion

American electric vehicle maker Tesla plans to expand battery production facility. It is part of the strategy of building its own battery production system.

 

▲ SK Plasma = Immune globulin was investigated by health authorities in Brazil. Problems with products produced in China

SK Plasma's immunoglobulins are being investigated by Brazilian health authorities. The quality of Chinese products that have not gone through the registration process of Brazil's National Sanitation and Surveillance Agency (ANVISA) is overwhelming, and the Ministry of Health has launched an investigation into unregistered drugs.










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