[K-Biz brief] Former Samsung president founded semiconductor company in China with BOE (June 11)

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▲ Samsung Electronics = [Exclusive] Former President Jang Won-ki founded a semiconductor company in China with founder of BOE

Former Samsung Electronics CEO Jang Won-ki founded a semiconductor company in China with BOE the largest display company in China. They combined Samsung Electronics and BOE's experiences to grow the company. The company has emerged as a blue chip in the semiconductor industry. It is expected that the Chinese semiconductor ecosystem will be further strengthened by them which were considered as the 'management guru' in the global semiconductor industry. It is a threat to Samsung Electronics.

 

▲ LG Chem = Tesla Special, accounting for 10% of Chinese sales

From January to April of this year, Tesla accounted for 10% of LG Chem's Nanjing subsidiary's battery sales. Since being selected as a supplier at the end of last year, it has enjoyed 'Tesla Special' by increasing orders.

 

▲ Hyundai Heavy Industries·Samsung Heavy Industries = Received order of 16 LNG in Mozambique worth 3.5 trillion won

Hyundai Heavy Industries and Samsung Heavy Industries secured Mozambique LNG (LNG) carriers following Qatar. The French energy company Total, which was announced in the first half of this year, won the Mozambican Anadako LNG project.

 

▲ Korea Hydro & Nuclear Power = [Exclusive] Czech Senate "Dukovany nuclear power bidding excludes China and Russia"

Czech Senate Foreign Security Commissioner has called for China and Russia to be excluded from the bid for the Dukovany nuclear power plant. With the exclusion of Russia and China, Korea Hydro & Nuclear Power, which is competing for Dukovany orders, is expected to dominate the bidding.

 

▲ LG Chem = [Exclusive] LG Chem sells LCD polarizer business to Chinese materials companies

China ShanShan announced plans to acquire LG Chem's liquid crystal display (LCD) polarizer business on the 9th. First, LG Chem created a holding company and incorporated the LCD business of Nanjing, Guangzhou and Taiwan subsidiaries in China. After that, ShanShan acquired a 70% stake of that company.

 

▲ POSCO = [Exclusive] Betting on Tanzania graphite business, Battery material business drive

POSCO will partner with an Australian investment company to invest in the Mahenge graphite development project in Tanzania. It was judged that Tanzania's graphite quality was excellent and needed to respond to the demand in the battery market. It seems to be a strategy to strengthen the battery material business that POSCO Group is focusing on.

 

▲ Korean Financial SOEs = Average annual salary of 100 million won, the gravy train discriminate contract workers and women

The average annual salary of a financial public corporation called 'gravy train' was close to 100 million won. However, the gap between regular and regular contract workers doubled. There was still a difference in wages between men and women.

 

▲ Lotte Duty Free = delayed opening of Singapore Changi Airport duty free

The opening of the Singapore Changi Airport duty-free store, which is being prepared by Lotte Duty Free, is expected to be delayed. This is because the store renovation was suspended due to the Covid-19 incident. In the next six years, achieving the goal of KRW 4 trillion in sales also became unclear. There are also concerns about the 'winner's curse'.

 

▲ LG Household & Health Care = [Exclusive] Targeting the Japanese detergent market with Saffron ahead

LG H&H adds a new detergent product to the Japanese business portfolio. It will release acidic detergent of the leading brand 'saffron' in Japan. It is targeting the Japanese advanced detergent market.










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