Suspension of Hyundai Motor Diesel Engine Development [머니투데이]
The Hyundai Motor Group completely stopped developing new diesel engines. Gasoline engines are also phased out of development. It will end the development of an internal combustion engine (ICE) that has continued for more than 40 years and set out to transform eco-friendly mobility, represented by hydrogen electric vehicles and pure electric vehicles.
Korea Development Bank issues $1.5 billion global bond [주요 언론]
KDB Development Bank (hereinafter referred to as Korea Bank of Korea) announced on the 12th that it issued a global bond worth 1.5 billion dollars (about 1.65 trillion won) on the 11th. These bonds are in the form of fixed-rate bonds consisting of △$700 million for three years and six months, $500 million for five years and six months, and $300 million for 10 years.
International oil price, high in 11 months for about USD [주요 언론]
International oil prices reached their highest level in about 11 months on the 12th (local time) on the back of the weak US dollar. On the same day, at the New York Commercial Exchange (NYMEX), Western Texas crude oil (WTI) for February delivery closed at $53.21, up 1.8% ($0.96) per barrel from the previous day. This is the highest since February 21 last year based on the closing price.
CJ’s name value of 94 billion..23 billion a year was taken by Chairman Lee Jae-hyun [조선비즈]
It was found that the most expensive name among domestic distributors was’CJ’. GS and Lotte followed. CJ, the holding company, announced that it plans to receive 94.1 billion won from affiliates for brand usage fees in 2021. Lotte Holdings is also expected to receive 59.5 billion won in brand usage fees from major affiliates this year. GS receives about 64 billion won from GS Retail, GS Caltex, and GS E&C for brand usage this year.
Lee Dong-geul “Ssangyong Motor supports the sale only when it pledges to stop the surplus war [주요 언론]
Industrial Bank Chairman Lee Dong-geol demanded that Ssangyong Motor’s labor and management make a pledge not to engage in any industrial action until the turnaround of the Ssangyong Motor Company. In addition, it issued a condition to change the wage collective agreement, which is currently held every year, to once every three years.
Kyowon Group fully acquired KRT travel agency [서울경제]
Kyowon Group took over KRT travel agency, the top 10 travel agency in Korea. Kyowon Group is operating a senior travel brand,’Travel-like’, but is planning to expand its travel business in earnest with the acquisition of KRT.
Nongshim enters the hangover reliever market… [조선비즈]
Nongshim is entering the hangover relief market in earnest. Nongshim is planning to sell hangover remedies through a strategic alliance with small and medium-sized companies,’Hangmanse’. This is a method of supplying hangover remedies to Nongshim’s national distribution network.
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