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Reporter : Kim Yoo-chul
Mon, September 20, 2021 | 13:15
SsangYong restructuring plan moves ahead with labor backing
SsangYong Motor's massive restructuring drive is gathering upward momentum as its labor union said it would accept creditors-suggested cost-cutting proposals to save the company from total devastation.
Bank of Korea revises up Korea's growth target
The central bank revised up its growth outlook for the country's economy this year, reflecting expectations that demand for IT products will remain strong with investments in related facilities growing.
Coupang urged to improve sustainability
Despite several labor-oriented issues, it seems like business as usual for Coupang because no major investment banks are offering “sell” views on its stocks now being traded on the NYSE.
[EXCLUSIVE] LG-Magna joint venture 'very near' to win Apple EV project
LG Electronics' joint venture with Canada-based automotive supplier Magna International - tentatively named LG Magna e-Powertrain - is “very near” to signing contracts with Apple to build its early electric vehicle (EV) models. “LG Magna e-Powertrain is very near to signing contracts with Apple under which they could handle the initial volume production of Apple EVs. Contract...
President hails LG-SK battery dispute settlement
A day after U.S. President Joe Biden declared the last-minute settlement between LG Energy Solution (LGES) and SK Innovation (SKI) a victory for Washington's efforts to construct a solid supply chain for electric vehicles (EVs), President Moon Jae-in also hailed the closure.
SK clarifies plans not to accept LG demand
A senior executive at SK Innovation (SKI), the battery affiliate of SK Group, has reiterated that it would not accept the demand from LG Energy Solution (LGES) to possibly settle a blockbuster legal battle that could jeopardize SKI's business in the United States. “I would say it's still unclear what types of intellectual property was stolen from LGES' standpoint from the fin...
LG's spinoff plan approved
Shareholders of LG Corp. approved an already-announced plan to spin off the group's secondary affiliates involved in everything from trading and construction materials to display semiconductors.
Samsung launches faster DRAM using HKMG tech
While the continued global shortage of semiconductor chips has been causing the top industry players to issue a blunt warning, the Korean tech behemoth Samsung said Thursday it has launched an advanced DRAM-type memory chip.
Bank of Korea chief dismisses inflation concerns
Bank of Korea (BOK) Governor Lee Ju-yeol downplayed concerns over inflation Wednesday, hinting that the central bank will not tighten its monetary policy in the near future. “Inflation level could possibly build up, but it's less likely the level will continue to increase down the road. Now is not the right time to respond with monetary policy because of the risk of inflation...
After failure, Lotte prioritizes 'M&A DNA' for survival
Lotte Group is reorganizing its business portfolio to reduce reliance on its traditional cash cow businesses such as the distribution and chemical sectors, which took a hit from COVID-19 last year. Now, the country's fifth-largest conglomerate hopes to find new businesses to fuel future growth as well as break away from its conservative image.
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