this post was submitted on 30 Dec 2025
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LG Energy Solution has already seen some 13.6 trillion won ($9.6 billion) in deals evaporate this month alone, an amount exceeding half of the company’s total revenue last year, which stood at 25.62 trillion won.

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[–] Mihies@programming.dev 2 points 3 days ago* (last edited 3 days ago) (1 children)

How can they walk away from contracts?

[–] srecko@lemmy.zip 9 points 3 days ago (1 children)

You can usually always walk away from contracts. There are penalties, there are courts that are there to enforce them and there are exit clauses. I guess that there are either penalties that are smaller than the losses or the exit clauses that say somethin like "if the law of either countries change so that it makes the deal unprofitable you can cancel the contract".

[–] Mihies@programming.dev 0 points 3 days ago (1 children)

Sure, but that only means that contracts are not that good in first place.

[–] srecko@lemmy.zip 2 points 3 days ago (1 children)

They have their own purpose and it is to help as work together, not punish when we didn't do anything wrong. If I were a korean manufacturer and the USA clients were making more than haalf of my earnings, I would have made that kind of contract rather than stopping the production in 2023 for example and having my facilities go unused.

[–] Mihies@programming.dev 0 points 3 days ago

Then deals evaporation is accepted risk.