NPS commits $163 mn to Macquarie's sixth Korean buyout fund

Macquarie Asset Management is aiming to close its sixth buyout fund in South Korea at a maximum of 1 trillion won ($775.6 million) by the first ha...

S.Korea’s petrochemical players boost plastic container recycling

South Korea's major petrochemical companies have entered the sector for 100% recycled plastic containers through cooperation with food and cosmetics...

Samsung's Bespoke Goes On campaign video exceeds 20 mn views

Samsung Electronics Co. announced on Tuesday that its Bespoke Goes On campaign video for the Bespoke refrigerator has surpassed 20 million views on ...

LG Electronics to offer energy-saving services in US

South Korea's LG Electronics Inc. is set to bring its auto demand response (DR) service to the US, utilizing its smart home platform, LG ThinQ, the ...

Samsung Electronics creates global hit with new gaming monitor

Samsung Electronics Co. ’s new gaming monitor has received over 3,000 advance orders worldwide.The company on Monday said it began presale of ...

Samsung Electronics opens gaming-focused shopping platform

South Korea's Samsung Electronics Co. announced on Monday that it has opened the Samsung Gaming Portal on its domestic website Samsung.com to streng...

LG Uplus to enter fashion metaverse

South Korea‘s LG Uplus Corp. has launched a fashion metaverse business, starting this month the clothing store Meta Slap, a digital service fo...

LG Elec Q2 profit misses forecast on costs; stocks tumble

LG Electronics Inc., the world’s leading home appliance maker, missed quarterly profit projections due to one-time costs related to job cuts, ...

LG Energy triples lithium orders from SQM for US benefits

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, agreed to nearly triple lithium procurement from Sociedad ...

Samsung Electronics creates $216 bn social wealth in 2022

Samsung Electronics Co. created 281.4 trillion won ($216 billion) worth of social wealth in 2022, meaning it distributed that amount of wealth to ot...

Hyundai-LG’s Indonesia battery financing chosen as Asia deal of 2022

The $711 million financing organized by Hyundai Motor Co. and LG Energy Solution Ltd. last year for their battery joint venture in Indonesia has bee...

LG Electronics sets up 1st global R&D center in Indonesia

South Korean home appliance giant LG Electronics Inc. opened its first overseas research and development center in Indonesia on Thursday to accelera...

LG Electronics collaborates with German Playmobil for figurines

LG Electronics Inc. unveiled its collaboration with the famous German toy brand Playmobil on Thursday, creating home appliance figurines. South Kore...

Deal reached on LG-Stellantis battery plant subsidy; construction resumes

All construction work at a battery joint venture in Canada between South Korea’s LG Energy Solution Ltd. and multinational automaker Stellanti...

Samsung Electronics to aid foundry clients with state-of-the-art tech

Samsung Electronics Co., the world’s largest memory chipmaker, will provide its foundry clients with state-of-the-art technology to support th...

LG Uplus releases ad with generative AI

South Korea’s third-largest mobile carrier LG Uplus Corp. on Tuesday unveiled the first video ad using generative artificial intelligence (AI)...

KPS to recycle waste batteries for Samsung Electronics

Segi Recycling Technology, aka Segi Retech, a secondary battery recycling subsidiary of South Korea's KPS Corporation, has entered the market for re...

Genesis GV80 to come with LG’s OLED auto display in close tie-up

Hyundai Motor Co.'s premium brand Genesis will be equipped with LG Display Co.'s organic light-emitting diode (OLED) automotive display for its...

LG Uplus, Kakao Mobility to form EV charging JV

South Korea’s third-largest mobile carrier LG Uplus Corp. and transportation company Kakao Mobility announced on Monday their strategic allian...

LG Chem seeks to sell 2nd NCC facility in Korea in face of China’s ascent

LG Chem Ltd. has embarked on a process to sell its core naphtha cracking center (NCC) in South Korea, estimated at about 3 trillion won ($2.3 billio...

KT, Samsung to cooperate in building S.Korean-style full stack AI

South Korea's KT Corp. and Samsung Electronics Co. will pool their capabilities to build domestically developed full stack artificial intelligence...

LG sees $76 bn in 2023 vehicle system order backlog

The automotive electronics business is emerging as a new cash cow for South Korea’s LG Electronics Inc., a household name in the home applianc...

LG Group seeks new partners in Silicon Valley’s startup scene

South Korea’s LG Group seeks new partnerships with global ventures to strengthen its new growth engines, such as batteries, biopharmaceuticals...

LG Electronics launches TV-specific camera LG Smart Cam

LG Electronics Inc. announced on Wednesday that it has released a TV-specific camera, LG Smart Cam.LG Smart Cam supports full HD high-resolution sho...

LG CNS develops AI coding solution based on ChatGPT

LG CNS, the information technology service arm of LG Group, announced on Wednesday that it has developed an artificial intelligence (AI)-based code ...

LG Electronics targets EdTech market in US

LG Electronics Inc. is showcasing a lineup of acclaimed products designed for the education sector at the International Society for Technology in Ed...

LG Electronics releases portable speaker XBoom

LG Electronics Inc. announced on Monday the launch of the LG XBoom, a portable party speaker with a built-in battery that delivers powerful sound an...

Heyday over for Amorepacific, LG Household in China’s beauty market

Amorepacific Corp. and LG Household & Health Care Ltd., basking in the global K-beauty boom, reaped handsome profits in China, the world’s...

LG Innotek to spend $1 bn to double Vietnam output capacity

South Korea’s LG Innotek Co., a major camera module supplier for Apple iPhones, is set to invest $1 billion in Vietnam to more than double its...

LG Chem produces single-crystal cathodes; to raise $1.5 bn in bonds

LG Chem Ltd. has begun mass production of high-nickel cathode materials made with a single crystal structure for the first time in South Korea, whic...