Trump Questions Housing Bill as He Prioritizes SAVE America Act 
Apple Challenges India Antitrust Probe, Says CCI Copied Rivals’ Claims in App Store Case 
Firmus Partners With Nvidia to Deliver 170,000 AI GPUs in $30 Billion Cloud Infrastructure Deal 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
China Manufacturing PMI Edges Higher in June as Exports and AI Investment Boost Growth 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
Kakaku.com Shares Rise as Bain Capital and LY Corp Prepare Higher Takeover Bid Than EQT 
UBS Raises TSMC Price Target to T$3,400 on Strong AI Chip Demand Outlook 
Morgan Stanley Raises Tesla Q2 Delivery Forecast on Strong Europe and China Demand 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
SoftBank Shares Slide as OpenAI IPO Delay Concerns Weigh on AI Investment Outlook 
Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes 
Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report 
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
Asian Stocks End Strong Quarter as Dollar Surges, Yen Hits 40-Year Low Ahead of US Jobs Data 
US Judge Seeks Explanation for DOJ’s Decision to Drop Gautam Adani Bribery Case 
SK Signet bagged its first order in Europe worth KRW10 billion or about $7.8 million. The South Korean electric vehicle charger manufacturer secured an order from the United Kingdom which is its very first transaction in the European region.
As per Korea Joongang Daily, the deal between SK Signet's unit in the U.K. and an unnamed oil firm was already signed. However, the name of the oil company and other terms were not specified.
SK Signet is owned by SK Inc. which holds a 53.4% stake and it was acquired by the SK group in 2021. The European unit of the company is based in Frankfurt, Germany, and it has also launched its service center in Luton, England, to improve its customer service in the area. Its operations only started in December 2022.
For its business to expand here, its target is to grow its EV charger market in Italy, Spain, Germany, France, and the United Kingdom. The main aim is to supply its chargers to the local industrial vehicle market. Moreover, SK Signet is planning to roll out a megawatt charging system for large or heavy vehicles within the first two quarters of 2024.
"Europe, which is spearheading the global EV era, is a significant market for SK Signet and we are committed to electrifying Europe while contributing to the global net zero efforts with our ultra-fast EV Chargers," SK Signet's chief executive officer, Shin Jung Ho, said in a statement.
Finally, The Korea Herald reported that under the new European Union's "Sustainable and Smart Mobility Strategy" initiative that was unveiled in 2020, the sale of new internal combustion engine vehicles is set to be banned starting in 2035. This new law in the region makes SK Signet's entrance into the European market a good decision since EVs and EV chargers would be a necessity by that time.
