First Abu Dhabi Bank Reports 22% Jump in Q4 Profit, Beats Market Expectations 
The Maire - EuroChem Case: Three Lessons for Global Business 
U.S. and El Salvador Sign Landmark Critical Minerals Agreement to Boost Investment and Trade 
UK Vehicle Production Falls Sharply in 2025 Amid Cyberattack, Tariffs, and Industry Restructuring 
CSPC Pharma and AstraZeneca Forge Multibillion-Dollar Partnership to Develop Long-Acting Peptide Drugs 
Climate Adaptation at Home: How Irrigreen Makes Conservation Effortless 
Trump Threatens Aircraft Tariffs as U.S.-Canada Jet Certification Dispute Escalates 
Apple Earnings Beat Expectations as iPhone Sales Surge to Four-Year High 
Copper Prices Hit Record Highs as Metals Rally Gains Momentum on Geopolitical Tensions 
Dollar Struggles as Policy Uncertainty Weighs on Markets Despite Official Support 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Gold Prices Hit Record High Above $5,500 as Iran Strike Fears Fuel Safe-Haven Demand 
Advantest Shares Hit Record High on Strong AI-Driven Earnings and Nvidia Demand 
Wall Street Slips as Tech Stocks Slide on AI Spending Fears and Earnings Concerns 
Trump to Announce New Federal Reserve Chair Pick as Powell Replacement Looms 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
ASML’s EUV Lithography Machines Power Europe’s Most Valuable Tech Company 
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.
