FSS Investigates Mirae Asset for Zero SpaceX Subscription | Ford, Tesla Followed by GM Entering ESS Business... Emergency to Secure LFP and Sodium Technology | Ryu Jong-eun 3PRO TV Reporter

Summary

Reporter Ryu Jong-eun discusses three market-relevant news stories: the FSS investigation into Mirae Asset Securities over the failed SpaceX IPO subscription and potential legal liabilities; the competitive threat to Korean battery makers from Chinese ESS dominance and GM's adoption of sodium batteries, offset by LG Energy Solution's partnership on manganese-rich batteries; and Hyundai Motor's escalating labor dispute with high union demands and strike risk.

• Mirae Asset Securities under FSS probe after zero SpaceX allocation despite large subscriptions; faces legal claims for client losses.
• SpaceX shares surged 42% in two days, amplifying client frustration and compensation expectations.
• GM enters ESS market with sodium battery investment, increasing pressure on Korean battery firms already behind in LFP.
• Chinese companies like CATL dominate ESS cell supply; LG Energy Solution and Samsung SDI struggle with cost competitiveness.
• LG Energy Solution to jointly develop manganese-rich (LMR) batteries with GM for future EVs, a potential new growth driver.
• Hyundai Motor union demands 30% profit-sharing, wage hike, and shorter work week; strike likely after mediation ruling.
• Yellow envelope law broadens direct employer obligations to subcontractors, adding cost burdens for Hyundai Motor and Hanwha Ocean.