LG Display

MNCs in the News-2018-01-19

Various Chinese government agencies press foreign companies to ensure websites respect China's sovereignty and territorial integrity. Shanghai consumer council not peachy about Apple's alleged old battery induced phone slowdown. China's Ministry of Commerce (MOFCOM) announces that Chinese outward foreign direct investment (FDI) drops by almost 30 percent in 2017 year-over-year. US Congressmen urge AT&T to hang up interactions with Huawei leading China to call for level playing field. Mexico's state-owned oil provider Pemex selects Mitsui as partner for USD $2.6 billion coking plant. Mitsubishi partners with Vietnamese government to promote electric vehicles. South Korea's antitrust watchdog concludes Qualcomm must adhere to new requirements to complete its USD $38 billion NXP acquisition. South Korean companies increasingly turning to joint ventures to mitigate risk and reduce setbacks due to political turmoil. Indonesian government pushing for Saudi Arabian firms to invest USD $1.6 billion in new light rail transit line. Indonesian government wants to attract more foreign investment in its financial institutions. Thai government's incentives for eco-friendly cars drive Mazda to invest USD $357 million to upgrade its Rayong plant to produce hybrid electric vehicles. Thailand's BoI expects applications for foreign investment to increase to USD $22.6 due to improved political relationships with both US and EU. Malaysia's Permodalan Nasional and state-operated EPF plan to buy Britain's Battersea Power Station Project for USD $2.2 billion. Mitsubishi to expand its operations in Vietnam boosted by Vietnamese government incentives. Pending government approval, Amata Corporation plans to invest USD $485 million in Vietnam.

MNCs-2017-12-29

Foreign direct investment (FDI) into China’s service sector shows strong performance in 2017 with observers recommending various improvements to draw in more. China’s National Development and Reform Commission (NDRC) is concerned about surges in mobile chips and may launch an investigation. The China Banking Regulatory Commission has published draft rules that would make it easier for foreign banks to enter China and expand their businesses there. NDRC minister says China is considering passing legislation that would improve supervision of outward FDI (OFDI) and clarify the limits that exist. Japan’s Sumitomo among foreign bidders for Indian Railways’ first global tender. Japan’s Kubota to join USD $92 million project to improve water supply infrastructure in Yangon following local government order. LG Display receives green light from Seoul to build USD $4.5 billion OLED production plant in Guangzhou. South Korea’s state-owned Korea Gas Corporation finally collects return on its 2010 investment into Australia’s liquefied natural gas sector. Mitsubishi UFJ Financial Group posed to gain approval from Jakarta to purchase 73.8 percent of Bank Danamon Indonesia. Major foreign motorbike companies to build production and assembly plants in Thailand as government investment packages continue to proliferate. UK firms looking to bid on light rail transit and construction projects from Malaysian government. Japan surpasses South Korea to become largest investor in Vietnam in 2017 as Hanoi attracts more foreign money for infrastructure investment.

MNCs in the News-2017-12-08

Chinese Vice Premier Wang Yang promises significantly better environment for foreign investors. Lego pieces together blocks of winning copyright case in China. Sinopec USA fires up lawsuit against Venezuelan state oil giant PDVSA. Chinese Foreign Ministry spokesman describes Sinopec USA lawsuit against PDVSA as a normal commercial dispute and cautions against blowing things out of proportion. Nissan files charges in international arbitration court against Indian government for reneging on promised tax breaks. Melco vowed to build headquarters in Japan if it were to be approved casino license following country’s recent legalization of casinos. Improving Sino-Korean political relations giving hope to LG Display that its planned Chinese production facility will finally be approved by Seoul. SK Engineering & Construction to build and run hydropower plant in Pakistan, the first such project for a South Korean company in the country, before returning control to Islamabad. Mitsubishi UFJ Financial Group expected to invest at least USD $1.8 billion in PT Bank Danamon Indonesia and will work closely to meet Jakarta’s regulatory requirements. Jakarta to buy Rio Tinto’s 40 percent stake in Freeport-McMoRan operated Grasberg mine as part of its efforts to gain control of country’s natural resources. Bangkok considering new non-tariff barriers to EVs in anticipation of increased imports of Chinese EVs resulting from ASEAN-China FTA. Thailand’s CT Bright has joined with China’s HNA Group to set up an investment fund for Thailand’s EEC. Kuala Lumpur making new efforts to promote investment in automation and smart manufacturing. Malaysia’s Prime Minister calls on foreign businesses to renew investment in the country. Hanoi grants investment certificate to Sumitomo Corporation for USD $2.58 billion thermal power plant in Vietnam’s Van Phong Economic Zone.

MNCs in the News-2017-11-03

The door partly closes on North Korean businesses in China as Beijing tightens sanctions. Analysis reveals Springer Nature has been blocking access to articles in China. Consultancy report highlights expectations of greater Chinese outward investment over the next 12 months with the Belt and Road Initiative anticipated to be a key causal force. The Philippines secures USD $6 billion in Japanese investments after President Duterte’s official visit to Japan. Mitsui Engineering and Shipbuilding Co. to build crane manufacturing plant in Indonesia’s Batam Island free trade zone to take advantage of incentives. South Korean government hopes to prepare host of large-scale investments in China to be announced during upcoming China-South Korea summit. South Korea’s Ministry of Trade, Industry and Energy to decide upon approval of LG Display’s politically sensitive proposed multibillion-dollar OLED production facility investment in China. Indonesia’s FDI shows good growth in the third quarter. Indonesia’s Finance Minister challenges stigmas associated with Chinese investment. Central Group and JD.com announce USD $528 million open system online marketplace JV that links to government’s 4.0 initiative. Thailand’s state-owned PTT Exploration and Production booked another impairment charge due to its delay in moving ahead with investment on its Canadian Mariana Oil Sands project. In its annual report, the Malaysian government stresses positive impacts of the Belt and Road Initiative for the country and the region. Japanese ODA programs increasingly attracting Japanese investors to Vietnam. Vietnam expects USD $30 billion FDI by end of 2017 with majority of investment coming from APEC countries.

MNCs in the News-2017-09-22

China’s National Development and Reform Commission (NDRC) promises measures to create a better environment for foreign direct investment (FDI). China courts foreign investment in its energy sector to advance its reform initiatives. European Union (EU) Chamber of Commerce in China releases position paper detailing many areas of concern among its members about China’s policies towards inward FDI (IFDI). Chinese expresses concern about possible implications of proposed EU wide investment screening scheme. Toshiba selects consortium to take over its politically contentious USD $21 billion semiconductor business. Prime Minister May visits Japan as Japanese firms become more hesitant about continued investment in Britain due to Brexit’s slow and uncertain progress. Economic and security concerns prompt Korea’s Industry Ministry to review investment plans by South Korean semiconductor and display companies seeking expansion in China. State-owned Korea Electric Corp. represents South Korea in a bid to build Saudi Arabia’s first nuclear energy plant. Indonesia’s demand for steel is expected to rise substantially within the decade, triggering calls to improve investment conditions for steel producers. Foreign investment in Indonesian startups reaches USD $3 billion so far this year with Chinese FDI patterns shaped by government initiatives. New Thai Digital Park proposed, opening new potential vistas for foreign investors. Sumitomo Corporation starts construction third industrial park in Vietnam with Vietnam’s Deputy Prime Minister calling for best possible conditions for investors. With central government support, Hanwha Techwin to open first of three Vietnamese aircraft engine parts factories early next year.