LG Energy GM joint venture
Scope
Date
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Business & Politics
S.Korea, Kazakhstan to expand cooperation on mineral resource
South Korea's Minister of Trade, Industry and Energy Lee Chang-yang and Kazakhstan's first deputy prime minister Roman Sklyar, held a meeting in Seo...
Apr 14, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea’s first-generation bio companies set up support fund for new ventures
South Korea's first-generation bio companies and Industrial Bank of Korea (IBK) have created a bio investment fund to support ventures in the field ...
Apr 14, 2023 (Gmt+09:00)
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Corporate strategy
POSCO International to transform into green company by 2030
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., on Thursday unvei...
Apr 13, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea, Boeing tie up for develop future advanced weapons
The Korean Defense Acquisition Program Administration (DAPA) teams up with major US defense contractor Boeing to conduct research and development on...
Apr 13, 2023 (Gmt+09:00)
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Chemical Industry
LG Chem teams up with US company to expand bioplastic global business
LG Chem Ltd. has partnered with a US-based biofuel company Gevo to expand its bio-material-based plastic business.The company announced on Thursday ...
Apr 13, 2023 (Gmt+09:00)
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Healthcare
LG to unveil healthcare product; open to startup M&As
South Korea’s LG Electronics Inc. is set to unveil its first digital healthcare product in the second half of this year, three years after it ...
Apr 12, 2023 (Gmt+09:00)
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Korean stock market
LG shares soar as UK asset manager Silchester raises stake
LG Corp., the holding firm of South Korea’s fourth-largest conglomerate LG Group, saw its share price soar in the local market on Wednesday as...
Apr 12, 2023 (Gmt+09:00)
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Electronics
LG Elec reinvents brand identity, aiming for youthful, dynamic image
South Korean tech giant LG Electronics Inc. is taking steps to reinvent its brand and enhance its youthful and dynamic image while actively communic...
Apr 12, 2023 (Gmt+09:00)
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Business & Politics
S.Korea to strengthen cooperation with Portugal in renewable energy
South Korea’s the Trade, Industry and Energy Minister Lee Chang-yang participated on Wednesday in The Korean-Portuguese Business Forum at the ...
Apr 12, 2023 (Gmt+09:00)
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Batteries
LG Chem, Hanyang Univ. open industry-academic center for battery materials
South Korea's LG Chem Ltd. on Wednesday said it signed a memorandum of understanding with Hanyang University on industry-academic cooperation in bat...
Apr 12, 2023 (Gmt+09:00)
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Construction
Hyundai E&C, Samsung C&T to jointly establish construction robot ecosystem
Hyundai Engineering & Construction and Samsung C&T Corp.'s construction unit andannounced on Tuesday that they have signed a strategic bus...
Apr 11, 2023 (Gmt+09:00)
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Batteries
POSCO Future M, Sungkyunkwan Univ. develop talent for battery materials
South Korea's battery component maker POSCO Future M, formerly POSCO Chemical, said on Tuesday that it has entered into an agreement with Sungkyun...
Apr 11, 2023 (Gmt+09:00)
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Robotics
LG Electronics rolls out third-generation Cloi ServeBot
LG Electronics Inc. has rolled out a new serving robot that easily serves soup, boosting the device's performance and customer convenience. The com...
Apr 11, 2023 (Gmt+09:00)
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Energy
Hanwha heir apparent named senior advisor at US energy investor
Hanwha Group Vice Chairman Kim Dong-kwan, the heir apparent of the South Korean energy-to-defense conglomerate, has been named a senior advisor at S...
Apr 11, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG CNS, Microsoft to jointly develop new ChatGPT-based services
South Korea’s largest cloud computing service provider LG CNS Co. announced on Tuesday that it will strengthen its strategic partnership with ...
Apr 11, 2023 (Gmt+09:00)
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Energy
KOGAS, JERA of Japan agree to jointly purchase LNG
South Korea's state-run Korea Gas Corp. (KOGAS) has joined hands with JERA, a Japan-based global liquefied natural gas (LNG) corporation, in the wak...
Apr 11, 2023 (Gmt+09:00)
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Energy
Korea Coal Corp. to sell Mongolian mine amid energy resource boom
Korea Coal Corporation, a South Korean state-owned firm, is preparing to sell its Khotgor Shanaga coal mine in Mongolia, which it acquired in 2010...
Apr 10, 2023 (Gmt+09:00)
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Korean startups
Rebellions CEO aims to outrival Qualcomm within a decade
Artificial intelligence is the talk of the tech world, particularly with the rise of the worldwide sensation OpenAI’s ChatGPT, the generative ...
Apr 10, 2023 (Gmt+09:00)
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Leadership & Management
LG tops in market cap gain, beating Samsung, SK, Hyundai Motor
The total market value of companies under South Korea’s fourth-largest business group LG increased the most in a year, beating out its bigger ...
Apr 10, 2023 (Gmt+09:00)
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Hydrogen economy
SK Energy opens S.Korea's first hydrogen charging station for large trucks
SK Energy is the first company in South Korea to launch a station for charging large hydrogen-powered trucks. The company on Sunday said it held a c...
Apr 10, 2023 (Gmt+09:00)
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Earnings
LG Electronics eyes solid Q2 results after Q1 earnings surprise
LG Electronics Inc. is expected to report solid earnings for the second quarter after its first-quarter operating profit beat market expectations an...
Apr 09, 2023 (Gmt+09:00)
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Earnings
LG Energy’s Q1 profit soars on gains from US battery tax credits
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Friday its first-quarter operating profit likely more than doubled,...
Apr 07, 2023 (Gmt+09:00)
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Electronics
HD Hyundai Elec commercializes DC distribution facilities for 1 MW bldgs
HD Hyundai Electric Co., the electrical power equipment and energy solution affiliate of South Korean conglomerate HD Hyundai Co. Group, on Friday s...
Apr 07, 2023 (Gmt+09:00)
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Electronics
LG Elec sees steady 2023 sales to widen gap with Whirlpool
LG Electronics Inc. expects sales of its home appliances division, the key cash cow of the South Korean company, to remain steady at 30 trillion won...
Apr 06, 2023 (Gmt+09:00)
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Corporate strategy
Shared growth with startups essential for GS Group: Chairman Huh
GS Group, a South Korean energy-to-retail conglomerate, plans to aggressively invest in startups and venture companies with promising technology &nd...
Apr 06, 2023 (Gmt+09:00)
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Beauty & Cosmetics
LG H&H hosts Korean Royal Court Culture event with Four Seasons Seoul
South Korea's major consumer goods company LG H&H Co. announced on Thursday that its cosmetics brand, The History of Whoo, hosts an event called...
Apr 06, 2023 (Gmt+09:00)
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Chemical Industry
LG Chem, CJ Logistics partner to recycle packaging wrap
South Korean companies LG Chem Ltd. and CJ Logistics have signed an memorandum of understanding on Thursday to establish a recycling ecosystem for p...
Apr 06, 2023 (Gmt+09:00)
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Venture capital
SK C&C partners with Storm Ventures to discover promising B2B startups
South Korean IT services company SK C&C announced on Wednesday a partnership with American venture capital firm Storm Ventures to discover and c...
Apr 06, 2023 (Gmt+09:00)
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Automobiles
Kia steps up electrification efforts with higher sales targets
Kia Corp., under South Korea’s Hyundai Motor Group, is gearing up to produce even more electric and other eco-friendly vehicles in the coming ...
Apr 05, 2023 (Gmt+09:00)
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Logistics
Falling freight rates set to boost LG, Hyundai’s earnings
The significant fall in seaborne freight rates of late is expected to boost earnings prospects for South Korea’s major companies, benefitting ...
Apr 05, 2023 (Gmt+09:00)
Latest News
- 1 Hyundai Steel to displace Baoshan as GM Korea's supplier
- 2 S.Korea’s No.1 dried seaweed firm Kwangcheonkim up for sale for $295 mn
- 3 BOK chief warns against aggressive policy rate cuts, sees need for fiscal stimulus
- 4 S.Korea eases path for foreign REITs in senior housing push
- 5 Koramco targets $7 bn bets on Korea data centers