Competition among Major Conglomerates in the Growing Waste Battery Market
As the Doosan Group enters the waste battery business, a competition is expected to emerge among major domestic conglomerates such as Doosan, POSCO, and LG. The waste battery recycling sector has attracted attention as a new opportunity in the business world, as it provides a means to secure key raw materials like lithium, nickel, cobalt, and manganese for secondary battery production. With electric vehicles becoming increasingly prevalent over the past decade, the global number of discarded electric vehicle batteries is predicted to rise sharply. As a result, companies are racing to capitalize on this connected market.
Banks Struggle with Uncertain Mortgage Loan Regulations
Banks are experiencing difficulties as they face increasing challenges related to the extended maturity of mortgage loans, now reaching up to 50 years. While age restrictions are under review, the criteria remain ambiguous, raising concerns about potential arguments regarding reverse discrimination against middle-aged individuals. Some suggest exploring alternatives to using age alone, such as incorporating the Debt Service Ratio (DSR) to differentiate between maturity applied and actual loan maturity.
LG Chem’s Transformation Strategy: Demolishing Daesan SM Plant
LG Chem has demolished its Styrene Monomer (SM) plant in Daesan, South Chungcheong Province. This move is aimed at phasing out low-profit raw material facilities and transitioning to the production of environmentally friendly materials with high growth potential. LG Chem intends to construct a production facility for “eco-friendly materials,” which are defined as one of the company’s three new growth engines, together with battery materials and innovative new drugs. The establishment of manufacturing facilities for biodegradable and bio-materials is currently under review, with a final decision imminent.
Liquidity Concerns in the Biotechnology Sector
Amidst recent worries about liquidity in the biotechnology industry, several companies continue to struggle, operating in the red with warnings about their financial stability. This situation poses a particular burden for biotechnology firms, as their nature necessitates substantial research and development (R&D) investments, such as the development of new drugs. In response, many bio companies are resorting to capital increases in order to raise funds, and this trend is expected to persist in the future.
Strengthening Korea-Japan Economic Cooperation
The Korean government has announced its plan to issue yen-denominated bonds, known as “samurai bonds,” worth at least 20 billion yen within the next month. This marks the first time that such bonds will be offered to Japanese investors. This move can be interpreted as a sign of the increasing pace of economic collaboration between Korea and Japan.
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LG · Posco · Doosan Competition… The growing waste battery market [매일경제]
As the Doosan Group announces its entry into the waste battery business, the waste battery market is expected to develop into a competition among major domestic conglomerates such as Doosan, POSCO, and LG. The waste battery recycling business is considered one of the new foods that the business world is paying attention to as it can secure lithium, nickel, cobalt, and manganese, which are key raw materials for batteries secondary. As electric vehicles have reached 10 years since their full supply, the number of electric vehicle batteries discarded worldwide is expected to increase rapidly, and competition among companies to take advantage of the connected market is heating up.
The whims of the authorities upset the banks [머니투데이]
Banks, which have increased the maturity of mortgage loans up to 50 years, are deepening their struggles. Age restrictions are being reviewed, but the standards are vague, and there are concerns about arguing about reverse discrimination against the middle-aged. Rather than age, alternatives are suggested such as the method of taking DSR (total debt principal and interest service ratio) applied maturity and actual loan maturity differently.
LG Chem demolishes Daesan SM plant [이데일리]
LG Chem demolished its Styrene Monomer (SM) plant in Daesan, South Chungcheong Province. This is to eliminate general raw material facilities with slow profitability and switch to environmentally friendly material production lines with high future growth potential. LG Chem plans to build a production facility for ‘eco-friendly materials’, defined as three new growth engines along with battery materials and innovative new drugs, on the site where the factory was demolished. In particular, the establishment of biodegradable and bio-materials manufacturing facilities is under review, and a final decision is about to be made.
Even if the debt ratio is more than 1000%… red light bio liquid [머니투데이]
Amid recent concerns about liquidity in biotechnology, there are not a few companies that are still in the red and have a warning on their financial soundness. In particular, as biotechnology is a business where research and development (R&D) investment is inevitable, such as the development of new drugs, if it is exposed to a liquidity crisis, it will inevitably be burdened. Recently, a number of bio companies are raising money through paid capital increases one after the other, and it is seen that this trend is likely to continue in the future.
Korea-Japan economic cooperation speeds up… Government Issues Samurai Bonds [매일경제]
The government will issue yen bonds worth at least 20 billion yen (samurai bonds) within the next month. This is the first time that Japanese investors have issued yen-denominated bonds, which can be interpreted as a result of the recent acceleration of economic cooperation between Korea and Japan.
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