LG Energy Solution has mutually terminated a $3 billion electric vehicle battery supply contract with US-based FBPS after the latter's exit from the battery business, impacting 11.6% of LGES's 2023 revenue.
#YonhapInfomax #LGEnergySolution #FBPS #BatterySupplyContract #ContractTermination #RevenueImpact #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=97294
LG Energy Solution Terminates $3 Billion Battery Supply Deal with US Manufacturer FBPS
LG Energy Solution has mutually terminated a $3 billion electric vehicle battery supply contract with US-based FBPS after the latter's exit from the battery business, impacting 11.6% of LGES's 2023 revenue.
LG Energy Solution Shares Drop 6.4% as Ford Terminates $7.3 Billion Battery Supply Deal
LG Energy Solution shares tumbled over 6% after Ford canceled a $7.3 billion battery supply deal, triggering a sector-wide selloff and lowering analyst targets.
POSCO Future M Co. canceled a 950 billion won ($700 million) ESS supply contract—25.5% of annual sales—after the counterparty exited the business, sending shares sharply higher before gains moderated after hours.
#YonhapInfomax #POSCOFutureM #ESSContract #ContractTermination #SharePrice #AnnualSalesPercentage #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=76538
POSCO Future M Cancels 950 Billion Won ESS Supply Contract—Shares Surrender After-Hours Gains
POSCO Future M Co. canceled a 950 billion won ($700 million) ESS supply contract—25.5% of annual sales—after the counterparty exited the business, sending shares sharply higher before gains moderated after hours.
SK Telecom will allow customers unable to cancel due to overseas stays or military service to apply for penalty-free contract termination outside the standard period, following a USIM hacking incident.
#YonhapInfomax #SKTelecom #PenaltyWaiver #USIMHacking #ContractTermination #MilitaryService #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=71289
SKT Offers Separate Penalty-Free Term for Customers Abroad and in Military Service
SK Telecom will allow customers unable to cancel due to overseas stays or military service to apply for penalty-free contract termination outside the standard period, following a USIM hacking incident.
Samsung Heavy Industries has filed for damages against Russia's Zvezda shipyard after terminating 4.85 trillion won ($3.5 billion) in shipbuilding contracts, citing prolonged Russia-Ukraine war uncertainties and retaining $800 million in advance payments while seeking further compensation through arbitration.
#YonhapInfomax #SamsungHeavyIndustries #Zvezda #ContractTermination #LNGCarriers #DamagesClaim #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=68155
Shinhan West T&D REIT - 'Negotiations Ongoing' with Homeplus... Stock Price Down 1.4%
Shinhan West T&D REIT continues rent negotiations with Homeplus amid contract terminations, stock price falls 1.4% as discussions remain ongoing for its Incheon store.
Homeplus Announces Contract Termination for Some Stores as Rent Adjustment Negotiations Fail
Homeplus, undergoing rehabilitation, terminates contracts for some stores after failed rent negotiations, plans to continue talks and protect employee jobs
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