LG Chem new growth engine
Scope
Date
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Aerospace & Defense
Doosan Enerbility, KAI to cooperate on aero engine localization
South Korea's Doosan Enerbility Co. and Korea Aerospace Industries Ltd. (KAI) said on Tuesday that the two companies signed a memorandum of understa...
Dec 18, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion’s 4 new biosimilars win EU approval recommendation
Celltrion Inc. is one step closer to commercializing its four new biosimilars in Europe after a committee of the European Medicines Agency (EMA) rec...
Dec 16, 2024 (Gmt+09:00)
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Asset management
Mirae Asset rises to 12th-largest ETF manager with $141 billion in assets
South Korea’s leading asset manager Mirae Asset Financial Group has emerged as the world’s 12th-largest exchange-traded fund (ETF) manag...
Dec 11, 2024 (Gmt+09:00)
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Artificial intelligence
Samsung SDS to build AI-focused data center at Samsung Electronics’ plant
Samsung SDS Co., the information technology service unit of South Korea’s Samsung Group, plans to build an artificial intelligence data center...
Dec 10, 2024 (Gmt+09:00)
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Upcoming IPOs
LG CNS to use IPO proceeds to buy foreign IT firm
LG CNS Co., the information technology service unit of South Korea’s LG Group, plans to acquire a foreign IT company with the proceeds from it...
Dec 09, 2024 (Gmt+09:00)
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IPOs
LG Electronics embarks on Indian unit's $1.8 bn IPO
LG Electronics India Pvt., wholly owned by LG Electronics Inc., has embarked on the process of going public to raise up to 2.6 trillion won ($1.8 bi...
Dec 09, 2024 (Gmt+09:00)
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Business & Politics
S.Korea's Yoon survives impeachment; economic fundamentals firm
South Korean President Yoon Suk Yeol survived an impeachment vote against him after an overwhelming majority of governing party lawmakers boycotted ...
Dec 07, 2024 (Gmt+09:00)
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Economy
Korean economic policy chiefs play down martial law impact
South Korea’s Finance Minister Choi Sang-mok said on Friday that President Yoon Suk Yeol’s failed martial law attempt will have a very l...
Dec 06, 2024 (Gmt+09:00)
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Construction
Hanwha E&C to resume $10.4 billion Bismayah new city project in Iraq
Hanwha Engineering & Construction Co., an affiliate of South Korea’s Hanwha Group, said on Friday it is set to fully resume a $10.4 billio...
Dec 06, 2024 (Gmt+09:00)
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Beauty & Cosmetics
LG H&H’s sales surge 156% on Amazon Black Friday
South Korea’s LG H&H Co. said on Thursday its sales on Amazon Black Friday this year surged 156% year over year.The Face Shop's Rice Water...
Dec 05, 2024 (Gmt+09:00)
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Electronics
Korean displays regain top spot with premium information tech OLEDs
South Korean display makers regained ground in the global organic light-emitting diode (OLED) panel market in the second quarter, elbowing out the p...
Dec 05, 2024 (Gmt+09:00)
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Shareholder value
Celltrion to retire $400 mn treasury stock in January
South Korea’s biosimilar maker Celltrion Inc. on Wednesday announced a plan to retire about a quarter of its treasury stock worth 563 billion ...
Dec 04, 2024 (Gmt+09:00)
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Artificial intelligence
LG CNS to enter US smart building biz
South Korea's LG CNS said on Tuesday it signed a memorandum of understanding (MOU) with the US-based real estate management SomeraRoad and Mastern A...
Dec 03, 2024 (Gmt+09:00)
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Batteries
LG Energy set to acquire GM’s $1 bn stake in Ultium JV plant in Michigan
South Korea’s LG Energy Solution Ltd. plans to acquire General Motors Co.’s stake in their battery joint venture plant in Lansing, Michi...
Dec 03, 2024 (Gmt+09:00)
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Economy
Korea’s export growth at 14-month low, adds to BOK rate cut views
South Korea’s export growth fell to a 14-month low in November with shipments to the world’s two biggest markets the US and China down, ...
Dec 01, 2024 (Gmt+09:00)
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Robotics
POSCO to buy Korean robotics firm stake for steel business
South Korea’s steel-to-battery materials conglomerate POSCO Group will invest in the leading domestic robotics company to boost its ailing ste...
Dec 01, 2024 (Gmt+09:00)
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Petrochemicals
HD Hyundai Oilbank ventures into bioenergy sector as new growth driver
HD Hyundai Oilbank Co., a South Korean crude oil refiner backed by Saudi Aramco, is diversifying its business beyond fossil fuel-centered operations...
Nov 29, 2024 (Gmt+09:00)
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Venture capital
S.Korean startup accelerators to boost overseas biz
South Korean accelerators (ACs) are turning to Southeast Asia and the Middle East market to support startups and expand their reach.ACs, companies t...
Nov 29, 2024 (Gmt+09:00)
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Corporate bonds
Triple-A rated SK Telecom, KT tap 10-year bond market
South Korean companies with top-notch credit ratings such as SK Telecom Co. and KT Corp. are returning to the long-term bond market amid growing int...
Nov 26, 2024 (Gmt+09:00)
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Leadership & Management
Hyundai’s José Muñoz sees new Trump policy, China's rise as opportunity
LOS ANGELES – José Muñoz, freshly tapped as the next chief executive of Hyundai Motor Co., says the current market uncertainty s...
Nov 25, 2024 (Gmt+09:00)
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Entertainment
Disney Plus bets big on Korean content to boost global presence
SINGAPORE -- Disney Plus, a global over-the-top (OTT) platform, is expanding its lineup of original Korean titles, buoyed by the popularity of K-dra...
Nov 25, 2024 (Gmt+09:00)
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Business & Politics
Hyundai's new CEO Munoz vows to proactively respond to Trump policy
LOS ANGELES – José Muñoz, the incoming chief executive of South Korea's top automaker Hyundai Motor Co., said on Thursday the co...
Nov 22, 2024 (Gmt+09:00)
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Corporate governance
LG Group affiliates unveil value-up plans
LG Group affiliates— LG Display Co., LG Innotek, LG Chem Ltd., and LG Energy Solution Ltd. —unveiled their ambitious growth strategies o...
Nov 22, 2024 (Gmt+09:00)
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Electronics
Apple supplier LG Innotek to invest $268.4 mn in Vietnam in 2025
South Korea’s LG Innotek Co., a major contractor for Apple Inc., said on Thursday it plans to spend 375.9 billion won ($268.4 million) next ye...
Nov 22, 2024 (Gmt+09:00)
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Leadership & Management
LG Group carries out modest management reshuffle
Cho Joo-wan will continue to lead LG Electronics Inc. as chief executive after its parent LG Group on Thursday carried out modest reshuffles in its ...
Nov 21, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai premieres IONIQ 9 to be made in US, Korea
LOS ANGELES -- Hyundai Motor Co. on Wednesday unveiled the IONIQ 9 with a plan to produce the leading South Korean automaker’s first large ele...
Nov 21, 2024 (Gmt+09:00)
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Electronics
Samsung Electronics, LG Uplus to jointly develop ixi-O AI smartphone
South Korean tech giant Samsung Electronics Co. has joined forces with mobile carrier LG Uplus Corp. to unveil an AI smartphone embedded with a high...
Nov 21, 2024 (Gmt+09:00)
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Batteries
LG Chem signs deal to secure 100,000 tons of lithium from ExxonMobil
South Korea’s top chemicals maker LG Chem Ltd. said on Thursday it has signed an initial agreement to secure a key battery material from US mu...
Nov 21, 2024 (Gmt+09:00)
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Energy
S.Korean firms bet big on US LNG market under new Trump gov't
South Korean energy and shipbuilding companies are gearing up for a swift advance into the US liquefied natural gas (LNG) market, which is expected ...
Nov 20, 2024 (Gmt+09:00)
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Electronics
LG Electronics rises to global prominence in HVAC segment, ranks fifth
LG Electronics Inc., a leading South Korean home appliance maker, has emerged as one of the world’s top five players in the heating, ventilati...
Nov 20, 2024 (Gmt+09:00)
Latest News
- 1 Xiaomi to open first offline store in S.Korea with premium products
- 2 Loss-making Lotte Chemical to sell water treatment unit to Synopex
- 3 Google to invest $100 mn in Gentle Monster in smart glasses push
- 4 Growth equity portfolio largely shielded from policy headwinds: Summit
- 5 Naver Financial seeks to acquire S. Korean real estate data platform Asil