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▲ Samsung SDI·EcoPro BM = Establishment of joint venture company… Secure material

Samsung SDI has completed the establishment of a joint venture with EcoProBM. It is expected to accelerate the securing of cathode materials, the core material for EV batteries. Samsung SDI and Ecoprom completed the establishment of the joint venture'EcoProEM'. A total of 120 billion won will be invested by 2021 with a 40% stake in Samsung SDI and a 60% stake in EcoProBM.

▲ Samsung Engineering = Ordered 2 construction projects of 27.7 billion won in Thailand

Samsung Engineering has ordered two refinery construction projects in Thailand. A contract was signed with TRC Construction PLC to proceed with two projects in the refinery in Chonburi Province.

▲ Hyundai Motor·Hyundai Engineering = [Exclusive] Reconfirmed completion of Indonesia plant in 2021

The schedule for the completion of the Hyundai Motors Indonesia plant was reconfirmed in 2021. It means that it will start production in the second half of 2021, the original goal by minimizing construction disruption following the aftermath of the new coronavirus (corona19).

▲ Korean Air = Review of route extensions in China, such as Beijing and Guangzhou

Korean Air is expected to increase flights between China and Mongolia during the summer holiday season in July. Although the Chinese government has eased the standards for aviation, it is predicted that the route expansion will be difficult for the time being.

▲ Korea Southern Power = Payment of Jordan's wind power to 15.9billion won

Korea Southern Power recently decided on the Board of Directors to pay a capital of 15.9billion won to the Jordan's Tapilla Wind Power Project. This is because loan maturity is approaching.

▲ SK E&C = Indonesian LNG cold and heat refrigeration facility order

SK E&C won an order for the construction of a LNG refrigeration facility at Teluk Ramong terminal in Surabaya, Indonesia. The contract details, such as the amount of construction, were not disclosed.

▲ Daewoo Shipbuilding & Marine Engineering = Select France ECA submarine equipment selection

Daewoo Shipbuilding & Marine Engineering is equipped with the French ECA's Steering and Diving Console (SNDC) for the next submarine, Jang Bogo-III'Dosan Anchang Ship (KSS-III) Secondary Project (Batch-II)'. This is the first 3000-ton submarine built in Korea.

▲ Kia Motors = Celltos takes over the medium-sized SUV market in India... May cumulative market share 58%

Kia Motors' SUV'Celltos' dominated the medium-sized SUV market in India. Celltos sold 38,810 units in India from January to May. India's mid-sized SUV market share was 58%.

▲ Hanwha Hotel & Resort = Hokkaido Resort delayed because of Covid-19

The construction of a large-scale resort in Hokkaido, Japan, where the Hanwha Group invested 44.7 billion won, is delayed by the Covid-19 crisis. Hanwha Hotel & Resort made a major investment in the state of emergency management with Corona 19, but delayed construction was inevitable with Covid-10.

▲ Hanwha Total = double naphtha price premium for delivery in July

Hanwha Total Petrochemical purchased a naphtha with a premium twice as high as a month. As petrochemical companies such as LG Chem and Lotte Chemical Titan increased their purchase volumes, prices increased.

▲ Samsung Electronics = Concerns over management uncertainty regarding the arrest of Vice Chairman Lee Jae-yong

Samsung Electronics' vice-president Lee Jae-yong was put in jail because of illegal mergers and accounting fraud in the Samsung Group. He expressed concern that Samsung's management uncertainty was in danger of growing due to the absence of the total number.

▲ SK Group, Hanwha Asset Management, KB Investment = invested 170 billion won in Malaysian government fund

It is known that SK Group, Hanwha Asset Management, and KB Investment are interested in funds raised by the Malaysian government. The Malaysian government plans to create a 1.2 billion ringgit fund to boost the economy and develop the industry.