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

Daewoo Engineering & Construction faces a two-month suspension of its civil engineering and construction business, impacting over 70% of annual revenue, after a 2018 site collapse; the company plans legal action to contest the order.
#YonhapInfomax #DaewooEC #BusinessSuspension #CivilEngineering #AdministrativeOrder #RevenueImpact #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=95800

Hyundai Rotem faces a three-month ban from public tenders after admitting to rail bid-rigging, impacting nearly $206 million in government-related revenue.
#YonhapInfomax #HyundaiRotem #PublicProcurement #BidRigging #FairTradeCommission #RevenueImpact #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=75885

Wall Street turns bearish on McDonald’s as Redburn Atlantic issues a rare ‘sell’ rating, citing weight-loss drug trends and inflation, with shares hitting a 12-year losing streak.
#YonhapInfomax #McDonalds #SellRating #GLP1Drugs #WallStreet #RevenueImpact #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=67004

SK Telecom CEO warns of potential 7 trillion won loss over three years if contract termination fees are waived due to recent hacking incident, estimating up to 5 million subscriber departures monthly.
#YonhapInfomax #SKTelecom #ContractTerminationFees #HackingIncident #SubscriberLoss #RevenueImpact #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=62287

Doosan Fuel Cell announces termination of major fuel cell contract worth 400 billion won, impacting company's annual revenue projections
#YonhapInfomax #DoosanFuelCell #ContractTermination #FuelCellIndustry #RevenueImpact #EnergyMarket #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=56376