LG Energy Solution has already seen some 13.6 trillion won ($9.6 billion) in deals evaporate this month alone, an amount exceeding half of the company’s total revenue last year, which stood at 25.62 trillion won.
LG Energy Solution has already seen some 13.6 trillion won ($9.6 billion) in deals evaporate this month alone, an amount exceeding half of the company’s total revenue last year, which stood at 25.62 trillion won.
Sure, but that only means that contracts are not that good in first place.
They have their own purpose and it is to help as work together, not punish when we didn’t do anything wrong. If I were a korean manufacturer and the USA clients were making more than haalf of my earnings, I would have made that kind of contract rather than stopping the production in 2023 for example and having my facilities go unused.
Then deals evaporation is accepted risk.