By Nam Hyun-woo
Vaccine sharing, chip investments and the North Korea issue are projected to top the agenda for this week s summit between President Moon Jae-in and U.S. President Joe Biden.
Officials in both countries presidential offices are already dropping hints at a bilateral vaccine partnership, and this move is anticipated to be backed by South Korean chipmakers substantial investments in the U.S. Building from cooperation in these areas, the leaders of the two nations are expected to explore measures to encourage North Korea to return to talks.
According to Cheong Wa Dae, Moon will have a summit with Biden at the White House on May 21 (U.S. time). This summit will be Moon s first in-person meeting with Biden since the latter took office on Jan. 20, and Moon will be the second foreign leader to have an in-person summit with the U.S. president, following Japanese Prime Minister Yoshihide Suga.
Monday, 12 Apr 2021 02:55 PM MYT
SK Innovation agreed to pay its rival, an LG Chem Ltd unit, 2 trillion won (US$1.8 billion) to drop all litigation in a bitter trade secrets dispute. That was far less than expected with some estimates putting settlement costs at 7 trillion won. Reuters pic
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SEOUL, April 12 Shares in South Korean auto battery maker SK Innovation Co Ltd soared today after it buried the hatchet with LG Energy Solution, freeing up both firms to expand in the United States, where electric cars have become a Biden administration priority.
EV-battery maker SK Innovation’s shares surge after settlement with rival brightens U.S. prospects Heekyong Yang and Joyce Lee SEOUL Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Kim Hong-Ji/Reuters
Shares in South Korean auto battery maker SK Innovation Co Ltd soared on Monday after it buried the hatchet with LG Energy Solution, freeing up both firms to expand in the United States, where electric cars have become a Biden administration priority.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/shares-in-sk-innovation/"></div>SEOUL (Reuters) -Shares in South Korean auto battery maker SK Innovation Co Ltd soared on Monday after it buried the hatchet with LG Energy Solution, freeing up both firms to expand in the United States, where electric cars have become a Biden administration priority. SK Innovation agreed to pay its rival, an LG Chem Ltd […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/shares-in-sk-innovation/"></div><! AddThis Share Buttons gene
Hyundai, LG backing gov t green vehicle drive
Posted : 2021-02-18 16:44
Updated : 2021-02-19 09:23
Prime Minister Chung Sye-kyun, fifth from left, poses with Hyundai Motor Group Chairman Chung Euisun, fourth from left, and other participants of an MOU signing ceremony on an electric vehicle battery leasing business at Hyundai Motor Group s research center in Hwaseong, Gyeonggi Province, Thursday. From left are Hyundai Glovis President Kim Jung-hoon, Hyundai Motor President Kong Young-woon, Trade, Industry and Energy Minister Sung Yun-mo, Chairman Chung, Prime Minister Chung, LG Energy Solution President Kim Jong-hyun and KST Mobility CEO Lee Haeng-yeol. Courtesy of Hyundai Motor Group
By Nam Hyun-woo