11. 09
(Mon)
Headlines list
24 articles-
S&P keeps Naver at A-; 12tr won AI investment counted as debt
S&P affirmed Naver's A- rating with a stable outlook, counting the full $9 billion Brookfield investment in its AI infrastructure as adjusted debt but citing Naver's phased expansion as a key risk mitigant.
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US Solid Power completes SK On solid-state line installation; new contract talks
Solid Power has completed its solid-state battery line installation for SK On and received a milestone payment, with talks underway on a new cooperation contract and a Korean electrolyte joint venture.
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US FDA Tightens Import Alerts on Cosmetic Colorants, Putting K-Beauty CI Code Labeling on Alert
The US FDA updated import alert 53-06 on cosmetic colorants, targeting products with unapproved colorants or uncertified CI codes. K-beauty exporters to the US must comply with FDA labeling rules to avoid detention without physical examination.
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Samsung Display has 70% chance of remand in BOE OLED import ban case
An AI analysis of appeals court arguments shows a 70% chance that Samsung Display's dismissed import ban against BOE will be remanded, potentially reigniting sanctions over OLED patent infringement.
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KEPCO in talks on 5.1 trillion won Kenya's first nuclear plant construction
KEPCO has begun detailed talks with Kenyan officials on building Kenya's first nuclear plant, a 5.1 trillion won project in Siaya County. Kenya aims to break ground in 2027 and start commercial operation in 2034.
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India formally asks Samsung Heavy to join 33tr won shipbuilding cluster
India has formally asked Samsung Heavy Industries to join its 33.1 trillion won greenfield shipbuilding cluster project, part of its plan to become a top-five shipbuilding power by 2047. The request was made during a meeting between Indian Shipping Minister Sarbananda Sonowal and Samsung Heavy Vice
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Mirae Asset Securities to acquire Okasan Securities' proprietary trading arm for 43 billion won
Mirae Asset Securities is acquiring Okasan Securities' proprietary trading arm for up to $32 million, marking its return to Japan after 10 years to tap the retail market boosted by the new NISA.
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LG Energy Solution signs 4.5GWh ESS supply deal with Israel's Energix
LG Energy Solution signed an MoU with Israel's Energix to supply up to 4.5GWh of battery energy storage systems for the US and European markets by 2028, including products meeting US FEOC rules.
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![[Exclusive] Audi Recalls 9,048 Q4 e-trons in US on SK On Battery Fire Risk](https://en.creditnews.kr/news/thumbnail/202610/391_389_5322_v150.jpg)
[Exclusive] Audi Recalls 9,048 Q4 e-trons in US on SK On Battery Fire Risk
Audi is recalling 9,048 Q4 e-tron EVs in the US due to fire risk from SK On battery modules, advising an 80% charging limit while investigating the root cause.
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Hwashin, Seoyon E-Hwa sign 225 billion won investment pact near Kia India plant
Hwashin and Seoyon E-Hwa signed MoUs with Andhra Pradesh to build auto parts plants worth 225 billion won near Kia's Penukonda plant, part of a broader 860 billion won investment package.
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Kakao Piccoma under fire in Japan over leak of 1 million emails
Kakao Piccoma suffered a leak of over 1 million user email addresses after a hack of its outsourced email system in Japan, raising security concerns for the top-grossing app.
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France keeps credit rating on unrealistic austerity premise as bond yields top 5%
Moody's kept France's Aa3 rating with a negative outlook, but markets treat French debt as far riskier, with 10-year yields above 5% and spreads at 15-year highs. Political gridlock and unrealistic austerity assumptions raise the risk of a downgrade within months.
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Samsung Bioepis says 25% of US biosimilars face supply shortages; stability over price
Samsung Bioepis said supply stability has become as important as price in the US biosimilar market, with over 25% of wholesaler portfolios facing shortages. The company expects reliable distribution networks to determine market leadership.
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Hyundai Capital to take full ownership of China auto finance JV via 607 billion won capital cut
Hyundai Capital is taking full ownership of its Chinese auto finance joint venture BHAF through a 607 billion won capital reduction as partner BAIC exits its 47% stake amid weak earnings.
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France downgrade likely but EU rating safe; real flashpoint is Germany
A likely Moody's downgrade of France on Oct. 23 poses little direct risk to the EU's top credit rating due to rating methodology, but Germany's fiscal strength and the untested joint bond guarantee mechanism are the real vulnerabilities for European bond markets.
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CJ Logistics acquires 20,843 sq m logistics center in Vietnam's Dong Nai
CJ Logistics has acquired a 20,843 sq m logistics center in Vietnam's Dong Nai Province from Japan's Daiwa House, securing a key hub near the future Long Thanh airport and Cat Lai port to expand its ASEAN logistics network.
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Sono Trinity Chairman Suh Joon-hyuk Meets Nghe An Party Secretary in Vietnam
Sono Trinity Group has been offered tourism cooperation in Vietnam's Nghe An Province, including a beach resort complex, and Chairman Suh Joon-hyuk said he would actively consider participating.
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Hanwha Ocean LNG carriers to use GTT cargo holds, exposing tech dependence
Hanwha Ocean has ordered cargo hold designs from France's GTT for two LNG carriers, underscoring Korea's continued dependence on foreign technology despite its shipbuilding dominance.
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Kazakhstan moves to extend VAT exemption on home appliances to lure Samsung
Kazakhstan is seeking to extend a VAT exemption on home appliance sales to attract Samsung Electronics and other large manufacturers, with a deputy minister proposing the move at a government meeting.
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Amogy's ammonia power module nears first shipment from Samsung Heavy's Geoje yard
Amogy's AD200 ammonia power module is undergoing factory acceptance testing at Samsung Heavy Industries' Geoje shipyard ahead of its first shipment, marking a step toward commercialization of carbon-free power for ships and onshore distributed generation.