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▲ Korea Export-Import Bank = Support Shipbuilding industry is expected to be a stumbling block for Hyundai-Daewoo merger

It is observed that the Korea Export-Import Bank's decision to provide 5 trillion won to the shipbuilding industry will adversely affect the merger of Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering. The support to the shipbuilding industry is highly likely to stimulate the nerves of European and Japanese competitors.

▲ Hyundai Steel = Electric furnace shutdown..."Negotiation with union"

Hyundai Steel failed to overcome the deterioration in profitability and finally took out the 'subtraction card'. The operation of the hot rolling mill (thin rolled hot rolled steel) in Dangjin Steel Mill was temporarily suspended 15 years after the commercial production of thin rolled hot rolled steel was started. Hyundai Steel plans to continue negotiations with unions, fearing that the shutdown will be prolonged.

▲ Daelim Industrial = The US Petrification Park is delayed to next year

Daelim Industrial's petrochemical complex project, in the US, has been delayed to next year. In the aftermath of the new coronavirus (corona19), the final investment decision (FID) was not made.

▲ Hanwha Systems·LIG Nex1 = Intention to participate in Naval Defense Weapons Project

Hanwha Systems and LIG Nex1 aimed at the localization project of the Korean Civil Defense Weapon System (CIWS), which is being promoted by the Korean military. According to the industry on the 2nd, Hanwha Systems and LIG Nex1 announced their intention to participate in the Korean CIWS-II development project.

▲ Jeju English Education City = [Exclusive] Start of the second phase of the Detailed Design

Started the detailed design service to create the site for the second stage of the Jeju English Education City. According to the related industry on the 2nd, the Jeju Free International City Development Center (JDC) budgeted for the detailed design and construction management service of the site construction work in connection with the 2nd phase of the Jeju English Education City. A total of 6,583,000,000 won is invested through the reserve.

▲ GM Korea = The Public funds invested company CUV development 'burst sound'

The development of the next-generation crossover utility vehicle (CUV) by GM Korea, which is investing 820 billion won in public funds, is disrupting it. The construction of a new painting plant at the Changwon Plant for the development of a new car was temporarily suspended in the aftermath of the new coronavirus (Corona19), and mold development was postponed in the second half.

▲ Hyundai Motor = Sales in India recovers '0' to '6883' in May

Hyundai Motor Company sold 6883 vehicles in India last month after being humiliated to sell '0' vehicles in April, the previous month. Kia Motors' sales volume retreated to the 1000s level.

▲ SK E&S = Seeks to buy Beijing Gas Blue Sky Seller's share

SK E&S seeks to buy a stake in a Chinese gas company. This is to enter the Chinese market, which has emerged as the main consumer of the liquefied natural gas (LNG) market. According to the industry on the 2nd, SK E&S is discussing a stake purchase with Beijing Gas Blue Sky. Beijing Gas Blue Sky Holdings is negotiating to buy a stake in a wholly owned subsidiary.