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AI & Enterprise

AI era exposes strains in Japanese management as lifetime employment fuels sprawling firms

Japanese companies’ broad diversification stems from lifetime employment and an internal reinvestment-focused structure, an analysis said, arguing this can become a weakness in fast-changing industries such as AI and electric vehicles. Writer David Oks said Japanese firms face weaker external pressure from unions, boards and shareholder structures, encouraging reinvestment over shareholder returns. He classified such firms as “J-type,” contrasted with shareholder-focused “H-type” Western companies, and said each model fits different industries.

Industry

BYD overtakes Tesla to top global BESS market in 2025

BYD ranked first in the global battery energy storage system (BESS) market in 2025, overtaking Tesla, according to a tally cited by Electrek. BYD held a 13 percent market share versus Tesla’s 10 percent. BYD shipped more than 60 GWh during the year, while Tesla deployed 46.7 GWh. Chinese companies dominated the top ranks, and global installations rose to about 315 GWh, up 51 percent from a year earlier.

Finance

Woori Bank arranges $825 million refinancing for Ohio power plant

Woori Bank said on Saturday it completed arranging $825 million in refinancing for a 950-megawatt gas-fired combined-cycle power plant in Trumbull County, Ohio. Korea Southern Power, the Korea Overseas Infrastructure and Urban Development Corp (KIND) and Siemens Energy participated as joint investors. The bank oversaw a financing structure transition in line with the plant’s operating schedule. It is located within the PJM power market region.