[K-Biz brief] LG Chem full stop of 'Battery Project' in India (May 23)

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▲ LG Chem = [Exclusive] Full stop of 'Battery Project' in India
LG Chem has temporarily suspended investment in electric vehicle battery production facilities in India. This is because the automobile market has stagnated with the new coronavirus infection (Corona19). The pace of cooperation with major customers has also slowed.

▲ SK Innovation = [Exclusive] US lawsuit for 'fixing gasoline prices'
SK Trading International, which is affiliated with SK Innovation's US subsidiary, SK Energy America, has been sued for price fixing in the United States.


▲ Korea South-East Power = Promotion of USD 300 million foreign currency bonds in the second half
Korea South-East Power will promote the issuance of foreign currency bonds worth $ 300 million in the second half of this year.


▲ Kia Motors = Mexican factory, ready to restart on June 1
Kia Motors prepares to restart Mexico plant. The plant was shut down last month under the influence of Corona19. On the 1st of next month, Kia Motors submitted a plan to the health authorities that contained strict measures to prevent the plant from restarting.