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Civic group activists protest ahead of the NPS Investment Management Committee meeting May 28, calling for the NPS participation in welfare projects South Ko ....
Posted : 2021-05-25 10:51 gettyimagesbank A consortium led by the South Korean conglomerate LG will build a battery factory in Indonesia to supply parts for Korean automaker Hyundai Motor Co. s electric vehicles, according to industry sources Tuesday. The LG consortium consists of three LG subsidiaries, including LG Chem Ltd., battery arm LG Energy Solution Ltd. and trading unit LG International Corp., as well as Korean steelmaker POSCO and Chinese cobalt company Huayou Holdings, sources familiar with the matter said. The consortium is expected to announce more details as early as next week, the sources said. LG Energy didn t comment on the project. ....
Strong Free Cash Flow Generation Funds Increased Development and Exploration Program, Debt Reduction and Balance Sheet Strengthening, and Cash Dividends to . ....
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(Source: Getty Images Bank) The National Pension Service has shelved a plan to introduce negative screening on coal miners and relevant businesses aimed at building a low-carbon portfolio, which failed to get the nod from its top decision-making body on Friday. But the committee endorsed the South Korean pension scheme s decision to authorize its investment division heads to proceed with small-size alternative deals worth up to $100 million respectively, without reporting to its CIO Ahn Hyo-joon, compared to the current threshold of $50 million. On the proposed negative screening, the 20-member committee supervising the NPS Investment Management department, chaired by Welfare Minister Kwon Deok-chul, was almost evenly divided, according to the committee sources. ....