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Finance

Woori Investment Securities arranges 600 billion won acquisition financing, largest since launch

Woori Investment Securities has completed its largest acquisition financing arrangement since its launch, as it expands participation in big-ticket investment banking deals after a 1 trillion won rights issue. The firm said it completed on June 30 the acquisition financing arrangement for a deal in which a consortium led by STIC Alternative Asset Management and Korea Investment Private Equity is buying stakes in Ulsan GPS and SK Multi Utility. The overall transaction is worth 1.6 trillion won.

Industry

Fake IDs used to steal Tesla batteries in 11 thefts at Gigafactory Nevada

Trailers carrying batteries at Tesla’s Gigafactory Nevada have been stolen at least 11 times since last December. The thefts occurred in a staging area before customer delivery, with nine cases concentrated in January, Electrek reported. Investigators believe the crimes resembled organised cargo theft, with suspects using forged identification and exploiting gaps between brokers and carriers. Three men in their 20s were arrested on Jan. 30 and face felony charges.

Telecommunications & Media

MSIT and National Fire Agency to deploy precision location technology in Daejeon

South Korea\'s Ministry of Science and ICT and the National Fire Agency said they will apply precision location measurement technology at fire service sites in the Daejeon area to better identify the location of people needing rescue during emergencies. The technology combines multiple signals to reduce location error and provides height information inside buildings to identify floors. The agencies are working to apply it to the emergency rescue standard system and consider reflecting it in a next-generation 119 system.