LG Energy-led group to set up $9 bn Indonesia battery value chain
A consortium led by LG Energy Solution Ltd., the global No. 2 electric vehicle battery maker, will invest $9 billion in a battery value chain in Ind...
LG Energy Q1 profit beats forecast on strong demand, price hikes
LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, reported a lower-than-expected decline in quarterly profit...
POSCO Chem breaks ground for battery material plant
South Korea’s POSCO Chemical Co. started construction of a battery material plant in the country as a part of its plan to boost production cap...
Rising global TV prices: A boon and risk for Samsung, LG
Global TV prices rose by a third last year and are expected to continue their uptrend this year, which could be a boon for the world’s two lar...
LG Household to lower reliance on Chinese market as shares slump
LG Household & Health Care Ltd. was one of the most coveted shares on the Korean bouse in the past couple of years as the company basked in the ...
LG Energy, Stellantis to build $4.1 billion battery plant in Canada
The world’s second-largest battery maker LG Energy Solution Ltd. and multinational automaker Stellantis N.V. have agreed to build a $4.1 billi...
Samsung, LG, SK step up push into blockchain market
Top South Korean conglomerates such as Samsung, LG and SK are stepping up efforts to build a presence in the blockchain and crypto-asset markets, a ...
LG AI Research opens first overseas base in Michigan
South Korean LG Corp.'s artificial intelligence research institute set up its first overseas base in Michigan to expand its global AI research ...
LG Energy considers billion-dollar battery plant in Arizona
South Korea’s LG Energy Solution Ltd. may build a billion-dollar battery plant in the US state of Arizona to meet growing demand in North Amer...
Samsung Electro-Mechanics to invest $245 mn more in capex
South Korea’s Samsung Electro-Mechanics will spend more on increasing its semiconductor package substrate production capacity in order to meet...
LG Innotek shares at new highs, tracking Apple's rise
Shares in LG Innotek Co., a major camera module supplier for Apple iPhones, climbed to a record high on Monday, in stark contrast to the flat wider ...
LG Display reclaims global top spot in Q4 2021
South Korea’s LG Display Co. regained the top spot in the global display market for TVs in the fourth quarter of 2021, according to tech indus...
LG Elec. targets North American digital healthcare market
South Korea’s LG Electronics Inc. has made inroads into the North American digital healthcare market with US telehealth company Amwell as the ...
LG Elec. to sell automotive wireless smartphone charging division
South Korea’s LG Electronics Inc. plans to drop its automotive wireless smartphone charging unit as the global home appliance giant exited fro...
LG, SK, Samsung unveil next-generation battery roadmaps at InterBattery
South Korea’s three major battery makers are showcasing their latest rechargeable batteries for electric vehicles while unveiling their roadma...
LG Energy shares at lowest since IPO on short-selling concerns
Shares of LG Energy Solution Ltd. on Friday fell to their lowest level since the top South Korean battery maker went public in January on market con...
POSCO Chem, GM to build $400 mn battery material plant in Canada
South Korea’s POSCO Chemical Co. and US top automaker General Motors Co. decided to build a battery material plant in Canada.POSCO Chemical an...
Smart factories drive Korea SMEs to reshore overseas plants
South Korea’s small and medium-sized enterprises adopted smart factories for survival as the digitalized facilities improve productivity and q...
Samsung, LG fret over shipping lines’ delivery halt to Russia
Samsung Electronics Co. and LG Electronics Inc., South Korea’s two major exporters, are jittery about global shipping lines’ decision to...
LG Elec signs 5G vehicle connectivity deal in Europe
LG Electronics Inc. has signed a deal on 5G vehicle connectivity with a European premium carmaker as the South Korean company is expanding its marke...
POSCO Chem to expand low-expansion anode materials output
South Korea’s POSCO Chemical Co. plans to fivefold production of low-expansion anode materials, high-value-added ingredients for electric vehi...
LG AI Research: Foundation of group’s long-term future
Artificial intelligence that composes music and creates images, a forecasting model that reduces the development period of customized anticancer dru...
LG Energy faces reality check as its stock turns a market laggard
South Korean battery maker LG Energy Solution Ltd. was touted as a market darling even before its Kospi debut last month, reflecting the investor fr...
LG Electronics to pull out of solar panel market
South Korea's LG Electronics Inc. said on Wednesday it has decided to close its solar panel business in the face of deepening competition and sluggi...
LG AI Research forms 'Hyperscale' AI alliance with 13 companies
LG AI Research unveiled an alliance network consisting of 13 corporations and organizations based in South Korea and abroad on Tuesday. There a...
App-rich LG smart TVs blur lines with smartphones
From home workouts to math and science courses, thousands of apps now available on LG smart TVs are blurring the lines between TVs and smartphones.S...
Korea Inc. revises business plans as rising oil prices hit economy
South Korean companies are revising their business plans for this year as soaring oil prices slam Asia’s fourth-largest economy. Inflation is ...
Korea petchem shares shine on China hopes, valuations
South Korean petrochemical companies’ stocks rose as investors bought them at a bargain on expectations for Chinese demand recovery despite ri...
LG recruits former WH deputy chief of staff Joe Hagin for govt relations
LG Corp. announced on Sunday that the group has recruited former White House deputy chief of staff Joe Hagin for its Washington D.C. office. Ha...
Samsung, LG dominate global TV market with premium models
South Korea’s two home appliances giants – Samsung Electronics Co. and LG Electronics Inc. – dominated the global TV markets last ...
