Latest news with #KRW
Yahoo
39 minutes ago
- Automotive
- Yahoo
LGES signs major overseas LFP contract
LG Energy Solution Ltd (LGES) has signed a KRW 5.9 trillion (US$ 4.3 billion) contract to supply lithium-ion phosphate (LFP) batteries to an overseas vehicle manufacturer, according to local reports. The South Korean electric vehicle (EV) battery manufacturer announced the news in a recent regulatory filing. The filing states that LGES has signed an agreement to supply LFP batteries to an unnamed overseas vehicle manufacturer over a three-year period, starting in August 2027, subject to change depending on the outcome of further discussions with the client. This is a major supply agreement for LGES, particularly as it involves supplying its recently introduced LFP batteries, which have lower manufacturing costs and improved safety, albeit with lower energy density and shorter driving ranges, compared with its nickel cobalt manganese (NCM) batteries that are more widely used today. Market analysts have speculated that the client is Tesla, after the US battery electric vehicle (BEV) manufacturer recently stated that it was seeking a new source of LFP batteries outside China, following the US import tariff hikes earlier this year. LGES operates three standalone EV battery cell manufacturing plants in the US, including two in Michigan and one in Arizona. It has a further two battery manufacturing plants under its Ultium Cells joint venture with General Motors and battery manufacturing joint ventures with Honda and Hyundai – in the US states of Ohio and Georgia. respectively. It also has a plant in Michigan that makes LFP batteries for energy storage systems (ESS). "LGES signs major overseas LFP contract" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
9 hours ago
- Entertainment
- Time of India
When Life Throws Curveballs: Lee Byung-hun's Fierce Comeback in 'No Other Choice'
In the new film No Other Choice, Lee Byung-hun delivers a powerful performance as a man fighting against loss and uncertainty, capturing the heart of anyone facing life's toughest battles. A Story of Desperation and Tenacity No Other Choice illustrates the heartbreaking journey of Mansu, a factory worker who, after 25 years of unwavering service, is suddenly fired, turning his life upside down. This event forces him into an intense battle to maintain his family's safety and keep his home intact. As job interview after job interview ends in rejection, Mansu's desperation and frustration mount, revealing the deep emotional struggles beneath his stoic exterior. The film masterfully captures this transformation from prideful stability to vulnerable despair with moving sensitivity. Such a narrative resonates universally in today's unstable economic climate when job security is a luxury rather than a given. Lee Byung-hun 's superb acting gives voice to Mansu's internal conflict, making the audience feel every pang of loss and flicker of hope alongside him. It is a tale about fighting back when life knocks you down - something everyone can understand. [어쩔수가없다] 티저 예고편 Lee Byung-hun: Mastering Emotional Depths Director Park Chan-wook , who has collaborated with Lee Byung-hun on multiple projects, praises his incredible ability to shift emotions instantly. "He commands an astonishing range of expressions and moods, holding the audience's attention without a single dull moment," says Park. Lee himself has spoken about the challenge of convincingly portraying such intense emotional swings, explaining how deeply he immersed himself in Mansu's complex state. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Up to 70% off | Shop Sale Libas Undo This role allowed Lee to display new facets of his craft, portraying the vulnerabilities of a man whose world unravels yet who refuses to give up. His performance is both deeply human and profoundly relatable, embodying the quiet strength found in people facing intense hardship. Why You Shouldn't Miss No Other Choice Slated for release this September, the film does more than tell a story-it shines a light on the very real struggles many face when pushed to their limits by personal and financial crises. Mansu's fight to keep his house-an asset valued around ₹2.4 crore (approx. 400 million KRW)-represents not just physical security, but the culmination of decades of hard work and sacrifice. The universal themes of loss, hope, and resilience make No Other Choice a poignant and timely film that speaks to anyone grappling with sudden change. It's a reminder that even when options seem exhausted, the human spirit continues to find ways to persevere. From Korean Factory Floors to Universal Hearts Though set in a Korean factory town, the emotions and struggles portrayed in the film are heartfelt and transcendent. The anxiety of losing one's livelihood, the desperation to protect one's family, and the quest to maintain dignity against overwhelming odds are experiences that cross cultural and geographic boundaries. Lee Byung-hun's intense portrayal offers a window into the resilience of ordinary people everywhere. No Other Choice is more than a film-it's a vivid snapshot of contemporary life's trials that encourages us to face difficulties with courage and hope, no matter where we come from.
New Straits Times
a day ago
- Sport
- New Straits Times
Were Kelantan Red Warrior sloppy?
KUALA LUMPUR: The FA of Malaysia (FAM) said Kelantan Red Warrior (KRW) should have done their homework to avoid "being booked" by FIFA. The status of the A1 Semi Pro League side is now in question due to their link with Kelantan FC. KRW have insisted they are a new and separate club, not an offshoot of Kelantan FC. However, FIFA is holding KRW accountable for Kelantan FC's non-payment of salaries to players, KRW replied to FIFA last Saturday, in response to a show-cause letter from the world body. Under FIFA's "sporting succession rule", sanctions can be imposed on new clubs deemed to have inherited the obligations of their predecessors. FAM secretary-general Datuk Noor Azman Rahman said KRW should have done a thorough check, and this includes avoiding the use of names, logos, or identity elements that could cause confusion. "They should have researched before signing players and everything. But when it reaches this point... we are forced to intervene. "I was informed that their CEO had told the team to avoid using the (previous team's) logo. But I'm not sure. That's between the AFL (Amateur Football League) and the team," said Noor Azman at a press conference today after a sponsorship renewal ceremony between FAM and Kronos.
New Straits Times
a day ago
- Business
- New Straits Times
Owner offered to sell Kelantan FC for RM300,000 amid confusion
KUALA LUMPUR: Kelantan FC owner Norizam Tukiman revealed that he had offered to sell his team to Gerakan Selamatkan Kelantan (GSK), led by Nik Hafiz Naim Nik Hassan, for RM300,000. However, Norizam said that the offer, which included a "large discount," did not receive a response from GSK. "I gave them options for free and for sale, but GSK didn't accept, instead wanting to buy and 'control' TRW Kelantan FC completely. "Discussions started from RM3 million, and eventually, I agreed to sell the majority stake for RM300,000, but in the end, there was no answer from Nik Hafiz. "I also contacted Nik Hafiz regarding this payment, but then suddenly, there was silence," Norizam said in a post on his Facebook page. Norizam claimed that Nik Hafiz decided to establish Kelantan Red Warriors (KRW) after negotiations to purchase shares in Kelantan FC fell through. "Instead, Nik Hafiz directly met with the Kelantan Football Association (KAFA) and the Amateur Football League (AFL) and established KRW. "I see KRW wanting to become TRW, using the name Kelantan Red Warriors along with the logo that is officially owned by TRW. "Today, people are confused that there's another TRW from Kelantan Darul Naim. To me, this confusion wouldn't be an issue if the AFL and the FA of Malaysia drafted a specific law about names," said Norizam.
Time of India
a day ago
- Business
- Time of India
BTS management agency under investigation; alleged to have drawn off from NJZ's contract fee for funding to subsidiary
BTS' management firm has been under investigation by authorities for quite some time. From insider trading claims to the CEO allegedly gaining funds from IPOs that were not announced, they have undergone a lot of rumours in the past months. Now, another allegation against the company has come to light. New reports against the BTS agency come to light As per the speculations and allegations, they have been drawing out funds from the contract fee for NJZ to provide funds to another subsidiary operating under them. Reports from Instiz have revealed a legal document that directly points towards how the company has been profiting off of NJZ's contract fee and has been siphoning funds from them. The contract in hand is a partnership deal that occurred between the popular K-pop group and an extremely popular online game that went viral a few years ago. The deal was for 10.0 billion KRW; however, as per documents, it showed that the company had taken about 4.10 billion KRW for a subsidiary. The issue was caught later on, after which they issued a statement of correction, while returning only 1.60 billion KRW. Many have been sharing their disdain over the matter and have expressed how unrealistic the situation is. Many share their speculations online According to the report, many have taken to fan forum websites to share their insights on the matter. Allegedly, the original amount that was taken from the contract fee was 500 million KRW, which was later increased to 4.1 billion KRW by the company after Min Hee Jin left another one of their subsidiaries, ADOR. This has become another case that is currently being investigated by Investigation Bureau 4. Previously, it was reported that approximately 27 entities from the company, including the chairman Bang Shi Hyuk, have been under investigation. They are being investigated based on tax evasion, fraud, and stock market manipulation.
