Polysilicon production in Xinjiang linked to forced labour: Report ANI | Updated: Feb 16, 2021 20:20 IST
Seoul [South Korea], February 16 (ANI): Xinjiang s production of polysilicon, a raw material used in manufacturing solar panels, has been connected to forced labour of detained Muslim minorities, The Korea Herald reported citing a report by consultancy Horizon Advisory.
The Korea-based newspaper said that solar companies in the United States and Europe are seeking to exclude the Xinjiang region from their supply chains following the revelation in the report. Solar Energy Industry Association (SEIA) in the US has been calling for excluding Xinjiang from solar power supply chains as it s impossible to independently monitor (forced labour) in the region, said Hyundai Motor Securities analyst Kang Dong-jin.
Xinjiang s production of polysilicon connected to forced la
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Xinjiang s production of polysilicon connected to forced la
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SEOUL (Reuters) - South Korea’s LG Chem Ltd fourth quarter 2020 profits missed expectations on Wednesday but the company expects surging revenue from its battery unit that supplies Tesla Inc to set the stage for a strong 2021.
FILE PHOTO: The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji
The maker of chemicals and batteries, whose wholly-owned battery subsidiary LG Energy Solution supplies Tesla, posted an operating profit of 674 billion won ($610.20 million). That was lower than the 777 billion won in a Refinitiv SmartEstimate derived from 19 analyst estimates but up from a loss of 33 billion won in the same period a year earlier.
Suh chosen as sole CEO candidate for K bank
Posted : 2021-01-18 15:39 By Kim Yoo-chul
Hankook Tire & Technology Senior Vice President Suh Ho-sung has been chosen as the sole candidate to become the chief executive of K bank, the internet-only bank said, Monday. The bank s CEO-selection committee recommended Suh as the sole CEO candidate to K bank s board committee. After shareholders approval, Suh will officially take the top seat, K bank said in a press release. If shareholders approve the recommendation, Suh will be the first outsider to take the top position at the bank since its establishment.
Suh Ho-sungThe release added the selection-committee gave Suh extra credit for his hands-on experience with clients in the financial industry, which could help K bank win more investments from major investors. K bank is hoping Suh will help the firm lift its overall corporate value and boost brand recognition, the statement said.