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New ventures drive growth for LG Energy Solution

March 23, 2023 by koreajoongangdaily.joins.com

KooRoo’s battery swapping station [LG ENERGY SOLUTION] LG Energy Solution is pushing ahead with its new businesses and focusing on future growth with in-house ventures KooRoo and AVEL, the battery manufacturing unit of LG Group said. KooRoo, established last year, is seeking to commercialize its battery swapping stations (BSS), which increase the convenience for users of electric motorbikes by allowing them to swap out a used battery for a fully-charged one rather than having to spend time charging the original battery. The service addresses a lot of the issues raised by electric vehicle users, including the long charge time, relatively short distance that can be traveled and high maintenance costs. “If the electric motorbike battery ecosystem grows, it will help delivery services, be eco-friendly, quiet and safe," said Ahn Hong-duk, head of KooRoo. “We are set to initiate developing exclusive BSS battery packs and stations and plan to build up the electric motorcycle … [Read more...] about New ventures drive growth for LG Energy Solution

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Hankook Tire dominates EV market

March 23, 2023 by koreajoongangdaily.joins.com

Hankook Tire supplies Ventus S1 evo 3 EV tires to Volkswagen’s ID. Buzz. [HANKOOK TIRE AND TECHNOLOGY] Hankook Tire and Technology has taken the top spot in the tire market for electric vehicles (EV). The expansion of the EV market led to surging demand for tires exclusively for EVs and tire makers are actively trying to dominate the new market. Hankook Tire, the largest tire manufacturer in Korea, is playing a leading role. Because it secured technology exclusively for tires through continuous investment even before commercialization, Hankook Tire was able to rapidly dominate the market. Hankook Tire started to make its presence known in earnest at a time when it was supplying tires for Porsche’s Taycan, its first high-performance electric sports car model, in 2020. By partnering up with Porsche, a top sports car manufacturer, Hankook Tire was able to fully verify its technical skills for EV tires. Tesla’s Model Y and Model 3, which hit the market during the global EV … [Read more...] about Hankook Tire dominates EV market

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How A TikTok Ban Would Deal A Blow To Creators, Businesses And The American Economy

March 22, 2023 by www.forbes.com

A U.S. ban on the world’s most popular social media app would affect far more American businesses and people than just the 150 million using the platform here. C asey Evertsen drove down a suburban Utah street lined with trash bins, speaking into his phone’s camera as he gave a tour of the brightly-colored truck he uses for his garbage can-cleaning business. “If you like seeing dirty stuff get cleaned and watching how cool stuff works, follow along,” he said in the video shared on TikTok. “Let’s clean some bins!” Evertsen’s service, Bin Blasters , had for a whole year struggled to get traction through Facebook and Instagram. So taking a cue from his teenage daughter, he decided to try promoting it on TikTok instead. On his eighth video, just one month in, Evertsen “blew up.” "I went out and just started cleaning bins that day, started on our route, and I look at my phone like an hour later, and there's 17,000 views,” he recalled. “Then it just got in the millions.” … [Read more...] about How A TikTok Ban Would Deal A Blow To Creators, Businesses And The American Economy

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Brazil’s Albert Einstein Hospital Evolves Tech Strategy To Deliver Low-Cost Healthcare At Scale

March 23, 2023 by www.forbes.com

Share to Twitter Share to Linkedin One of the leading healthcare institutions in Latin America, Albert Einstein Hospital is moving toward the next stage in its multimillion-dollar technology and innovation development strategy. The aim is to broaden access to advanced medicine in Brazil through initiatives with actors such as startups as well as tech and healthcare organizations worldwide. Founded in São Paulo by the city's Jewish community following World War II, The Albert Einstein Israelite Hospital started its activities in 1955. Considered Latin America's most modern private hospital, it also has a social assistance program encompassing care in low-income communities and public-private partnerships for public hospitals. With nearly 25,000 staff including over 10,000 registered doctors, the hospital specializes in high-complexity medicine, focusing on cardiology, oncology, orthopedics, neurology, and surgery, and frequently ranks among the best medical … [Read more...] about Brazil’s Albert Einstein Hospital Evolves Tech Strategy To Deliver Low-Cost Healthcare At Scale

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SVB Debacle Brings The Fed One Step Closer To Becoming Provider Of First Resort

March 23, 2023 by www.forbes.com

Share to Twitter Share to Linkedin In what should go down as one of the all-time greatest propaganda campaigns in U.S. history, members of Congress convinced millions of Americans that deregulation caused the 2008 financial crisis. Following the collapse of Silicon Valley Bank, they’re at it again. Predictably, populists such as Senator Elizabeth Warren (D-MA) are blaming the SVB failure on “rolling back” the 2010 Dodd-Frank Act’s stricter oversight. Aside from whether Dodd-Frank regulations were effective at all or amounted to anything more than additional paperwork and higher capital requirements, Congress has never repealed a single Title of Dodd-Frank. Warren’s argument amounts to whether additional stress testing, capital, or liquidity would have saved SVB. But Dodd-Frank stress tests are designed to ensure sufficient capital to cover losses resulting from “adverse economic conditions,” not from individual mistakes or bad strategies. Separately, … [Read more...] about SVB Debacle Brings The Fed One Step Closer To Becoming Provider Of First Resort

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Helping Underserved Students Find The Right Postsecondary Pathway

March 23, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Dan Fisher is the president and CEO of ECMC Group , a nonprofit focused on helping students succeed in postsecondary education. Conversations around college access and affordability in the U.S. typically focus on tuition costs and student loans. But for many high school students—particularly those from traditionally underserved populations—the barriers to postsecondary education tower above the tuition bill they get in the mail. Basic needs like food, transportation, textbooks, housing security and physical and mental health present additional hurdles to accessing postsecondary education that reinforce existing societal inequities. And another obstacle is less tangible but no less important: Very few students feel they are properly prepared to decide their future plans. That’s what my organization found in our recent survey of 14- to 18-year-old high school students who come from first-generation, … [Read more...] about Helping Underserved Students Find The Right Postsecondary Pathway

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Duterte’s FOI order leads to ‘unintended consequences’

June 26, 2017 by newsinfo.inquirer.net

TRANSPARENCY POLICY President Duterte signs an executive order laying down his administration’s policy of full public disclosure and transparency in public service, but it does not cover the legislature, judiciary and even local governments. —MALACAÑANG PHOTO President Rodrigo Duterte’s issuance of an executive order on freedom of information (FOI) was a much-lauded move and a step in the right direction, but it has had “unintended consequences” that have not always led to greater transparency. Executive Order No. 2, signed on July 23, 2016, and implemented for about seven months now, has laid down a policy of full public disclosure and transparency in public service to promote accountability, and sets the guidelines for requesting and releasing information from offices under the executive branch. Subsequent issuances laid down exceptions to transparency and the administrative penalties for government officers who would not abide by these. Congress, LGUs not covered The … [Read more...] about Duterte’s FOI order leads to ‘unintended consequences’

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Barriers To Employment Fall With The Rise Of Out-Of-State Occupational License Recognition

March 21, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Income tax rate reduction and flattening, along with the expansion of school choice, are among the most consequential policy trends of the early 2020s. However, there is another policy trend emerging that, like income tax relief and greater educational choice, is making states more attractive to workers and employers. That trend is the push by policymakers to remove or mitigate the barriers to employment that state occupational licensing requirements have become. On Tuesday, March 21, Florida legislators will hold a hearing on Senate Bill 1364, legislation to recognize out-of-state occupational licenses held by new residents so that they can get to work and begin earning income in their new home state right away. If this reform, known as Universal License Recognition (ULR), is passed by legislators in Tallahassee and signed into law by Governor Ron DeSantis (R) this spring, Florida would become state number 22 to enact ULR. … [Read more...] about Barriers To Employment Fall With The Rise Of Out-Of-State Occupational License Recognition

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