[K-Biz brief] 'Chinese version Tesla' Byton serious financial difficulties (June 25)

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▲ Byton = 'Chinese version Tesla' serious financial difficulties
Byton, an electric car company called Tesla in China, is known to be under severe financial pressure from Covid-19. Employee salaries have been pushed down for months. It is also expected that the damages of partners such as the old GM Korea Gunsan plant that signed a contract with Viton for production.

 

▲ Hyundai = [Exclusive] New 7-seater SUV model name'Alcazar', trademark registration
Hyundai's new seven-seater SUV model was named'ALCAZAR'. It has completed trademark registration with the Indian patent authority, and is considered as the model name of overseas strategic SUVs including India, Russia, and Brazil.

 

▲ Kia Motors = Telluride again... Best Interior Award'Top 10'
Kuri Motors' US strategic SUV model Telluride's'Award Winning' continues. According to the industry on the 24th, Kia Motors Telluride has been named in the'Best Interior Top 10' selected by the U.S. media, Wars Auto. It was also selected as the'Summer SUV of the Year' by the New England Automobile Journalists Association.

 

▲ LG Electronics = India's online sales doubled, Covid-19 impact
LG Electronics has doubled the online sales of some products such as TVs, smartphones, and home appliances in India. In the aftermath of the new Coronavirus Infectious Disease (Corona19), offline demand is shifting online, and the electronics industry such as Samsung Electronics and LG Electronics is supporting digital marketing.

 

▲ SK = $1 million in aid to Covid-19 in the US
In order to overcome Corona 19, SK gave the US $1 million in relief funds (about 1.2 billion won). It was a response to the corona overcoming of communities in the United States.

 

▲ Hanwha Group = [Exclusive] Vice Chairman Kim Chun-su meets with Chinese Ambassador to discuss'Hainan Trade Port'
Kim Chun-su, vice chairman of Hanwha Group, met with Chinese Ambassador to Korea Xing Hai-ming, and his attention is focused. In particular, Ambassador Xing Hai Ming is investing in the construction of the Hainan Free Trade Port, where Xi Jinping's state leader is driving, and is interested in Hanwha's future steps.

 

▲ Pulmuone = U.S. food start-up BlueNalu, San Diego factory established... Commercial production of alternative meat
Pulmuone is betting on it, and American food start-up'BlueNalu', which is known in Korea, has established a pilot-scale factory and is planning to commercialize it. In particular, Pulmuone's future business is expected to gain momentum with the launch of fish cultured meat products next year.

 

▲ Hyundai = 3 shifts to the Czech factory… 'New i30 full-scale production' European target speed
The Czech plant of Hyundai Motor Company is finishing the conversion of the new i30, which is a European strategic model, and is accelerating the European strategy. To this end, the Czech factory will switch from the previous two-shift system to the three-shift system starting next month.

 

▲ Namhae Chemical = [Exclusive] Established a joint venture with Tosoh of Japan… Silica production
Namhae Chemicals establishes a joint venture with Tosoh Silica, a Japanese specialty chemicals company. The silica plant was built in Yeosu, Jeollanam-do, and is expected to operate in earnest from next year to respond to the demand for the eco-friendly tire market.

 

▲ SK E&C = London Silvertown Tunnel Crisis… Strong opposition to environmental groups
SK E&C's London Silvertown Tunnel project, involving several banks in Korea, was in crisis. It has been pointed out that the economic feasibility is worsening and the environmental problems are deepened, especially among local citizens and environmental groups. The controversy is growing as he refutes to the mayor of London through a spokesperson.

 

▲ KOGAS = Australian Prelude FLNG production is not resumed
The Australian Prelude project, involving Korea Gas Corporation, is creaking. This year, the floating liquid liquefied natural gas production facility (FLNG) will stop, and it is expected to be difficult to restart before the third quarter.

 

▲ Tesla = "20 years tax refund" incentive proposal released
An investment proposal filed by Tesla in the United States to Travis County, Texas, has been released. Investment plans, effects, and incentive measures were comprehensively included. Tesla requested a 20-year tax refund in exchange for the construction of an assembly plant.

 

▲ KDB Industrial Bank, Korea Export-Import Bank, IBK Bank of Korea = Peach "Core role of overcoming Covid19" evaluation
Global credit rating agency Fitch said that three government-owned banks, such as KDB Industrial Bank, Korea Export-Import Bank, and IBK IBK, are playing an important role in reviving the stagnant economy of Covid-19.










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