LG Gram 2-in-1
Scope
Date
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Earnings
LG Electronics Q3 profit halves on GM recalls, sales at record-high
LG Electronics Inc. said on Tuesday it expects its third-quarter operating profit to plunge as heavy costs for General Motors Co.’s recall of ...
Oct 12, 2021 (Gmt+09:00)
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Foreign exchange
Won hits 15-month low as global inflation woes spur equity outflow
The South Korean won weakened past the psychologically important 1,200 per dollar mark for the first time in 15 months as growing worries about glob...
Oct 12, 2021 (Gmt+09:00)
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Mergers & Acquisitions
KKR named as preferred buyer of SK E&S' $2 bn new shares
KKR & Co. has secured the exclusive negotiating rights to buy SK E&S Co.'s new preferred shares worth 2.4 trillion won ($2 billion), which t...
Oct 12, 2021 (Gmt+09:00)
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Samsung Group
Tax burden pushes Samsung heirs to sell $1.8 bn worth of shares by April 2022
The heavy inheritance tax burden in South Korea is pushing the heirs of the late Samsung Group Chairman Lee Kun-hee to sell about 2.2 trillion won (...
Oct 11, 2021 (Gmt+09:00)
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Petrochemicals
LG Chem to build technical support centers in EU, US
LG Chem Ltd. will expand global clients’ accessibility to its technical support professionals. The chemical company said on Oct. 11 that it wi...
Oct 11, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung surprises foundry industry with plan for 2 nm chips
Samsung Electronics Co. caught its global semiconductor competitors off guard last week at the Samsung Foundry Forum 2021 with its announced plan to...
Oct 10, 2021 (Gmt+09:00)
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Batteries
SKIET to start commercial operation of its first separator plant in Europe
South Korea’s SK IE Technology Co. (SKIET), SK Innovation Co. 's battery material business subsidiary, plans to start commercial operation of ...
Oct 07, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai Mobis breaks ground on $1.1 bn hydrogen fuel cell plants
Hyundai Mobis Co., the auto parts unit of Hyundai Motor Group, on Thursday broke ground on a hydrogen fuel cell plant, part of its 1.32 trillion won...
Oct 07, 2021 (Gmt+09:00)
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Automobiles
New Mercedes-Benz C-Class equipped with LG ADAS camera
The new Mercedes-Benz C-Class is equipped with LG Electronics Inc.’s advanced driving assistance system (ADAS) camera module, helping the Sout...
Oct 07, 2021 (Gmt+09:00)
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Hydrogen economy
POSCO to transfer hydrogen steel tech to industry peers for shared growth
The Hydrogen Iron & Steel Making (HyIS) Forum led by the steelmaker POSCO officially opened Oct. 6 in Seoul with more than 1,200 industry partic...
Oct 07, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung to make 2-nanometer GAA chips by 2025 to overtake TSMC
Samsung Electronics Co. said on Thursday it will be able to commercialize a 2-nanometer transistor process technology by 2025 to take on bigger foun...
Oct 07, 2021 (Gmt+09:00)
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IPOs
S.Korea's top golf course operator aims for 2022 IPO
South Korea's Golfzon County Co. has begun the process to apply for an initial public offering next year, which analysts said would value the countr...
Oct 06, 2021 (Gmt+09:00)
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Markets
Korea benchmark bond yield near 2-1/2-year high
South Korea’s benchmark bond yield hit the highest level in about two and a half years as expectations of tighter monetary policies at home an...
Oct 06, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SK E&S' $2 bn share deal draws slew of funding providers
KKR & Co. and three other private equity firms, shortlisted for SK E&S Co.'s new preferred shares worth 2 trillion won ($1.7 billion), are n...
Oct 05, 2021 (Gmt+09:00)
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IPOs
K-pop fan engagement platform DearU begins process for Nov IPO
How much will you pay to chat with your favorite K-pop groups such as TWICE every day? A South Korean startup generated 20 billion won ($16.9 millio...
Sep 30, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Behind the scenes of DL Chemical’s unexpected $2.5 bn Kraton purchase
When DL Chemical Co. announced its $2.5 billion acquisition of US chemical manufacturer Kraton Corp. on Monday, it left many people bewildered.The a...
Sep 30, 2021 (Gmt+09:00)
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IPOs
Beauty chain CJ Olive Young to embark on 2022 IPO process
CJ Olive Young, South Korea's largest beauty store chain, is moving ahead with its plan to go public next year, which will likely raise new capital ...
Sep 29, 2021 (Gmt+09:00)
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Foreign exchange
Korea stocks, won tumble as foreigners dump $1 bn in equity futures
South Korean stocks and the won currency lost ground with the main Kospi ending below the 3,100 mark for the first time in five weeks as foreign inv...
Sep 28, 2021 (Gmt+09:00)
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Mergers & Acquisitions
DL Chem seals $2.5 bn purchase of US chemical maker Kraton
DL Chemical Co., South Korea's leading petrochemical company, has acquired Texas-based specialty chemical manufacturer Kraton Corp. for $2.5 billion...
Sep 28, 2021 (Gmt+09:00)
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Pension funds
Teachers' Pension CIO to enter 1-yr extended term
The Teachers' Pension in South Korea has extended the term of its Chief Investment Officer Lee Kyu-hong by one year until the end of September 2022,...
Sep 27, 2021 (Gmt+09:00)
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Carbon neutrality
Recycled plastic in growing demand as Korean firms pursue ESG business
Plastic recyclers have known for years that there is money to be made in plastic waste. And the stakes are high these days as the prices of recycled...
Sep 27, 2021 (Gmt+09:00)
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Batteries
LG Energy develops safer, long-lasting solid-state battery technology
South Korea’s LG Energy Solution Ltd. said on Friday the company and the University of California San Diego have jointly developed a next-gene...
Sep 24, 2021 (Gmt+09:00)
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Batteries
LG Chem shares rise as GM resumes battery module replacement
Shares of LG Chem Ltd. are staging a rebound a month after falling sharply due to a decision by General Motors Co. to recall 73,000 Chevrolet Bolt e...
Sep 24, 2021 (Gmt+09:00)
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Automobiles
LG Elec to start automotive cybersecurity business
South Korea’s LG Electronics Inc. is about to start automotive security business, expanding its car electronics technology portfolio by taking...
Sep 23, 2021 (Gmt+09:00)
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Alternative investments
NPS, Hines ink $2.5 bn US redevelopment project
South Korea's National Pension Service (NPS) and Hines have jointly acquired the headquarters complex of Pacific Gas & Electric Company (PG&...
Sep 23, 2021 (Gmt+09:00)
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Exclusive
Cosmetics startup Birdview readies for 2022 listing
South Korea-based Birdview, the operator of leading cosmetics platform Hwahae, is aiming to make a trading debut as early as the first half of nex...
Sep 23, 2021 (Gmt+09:00)
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EV Batteries
SK Innovation to supply batteries to Hyundai IONIQ 7
SK Innovation Co. is set to supply batteries for the IONIQ 7, Hyundai Motor Co.’s large electric sport utility vehicle (SUV) to be unveiled in...
Sep 22, 2021 (Gmt+09:00)
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E-commerce
SoftBank sells part of Coupang shares for $1.7 bn
Vision Fund, led by SoftBank Group founder Masayoshi Son, has sold one-tenth of its shares in South Korea's e-commerce platform Coupang Inc. for $1....
Sep 17, 2021 (Gmt+09:00)
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Electronics
LG Electronics turns home appliance plant into smart factory
South Korea’s LG Electronics Inc. said on Thursday it is turning its main home appliance plant into a smart factory, which improves productivi...
Sep 16, 2021 (Gmt+09:00)
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Batteries
Hyundai, LG Energy break ground on $1.1 bn Indonesia battery plant
Hyundai Motor Co. and LG Energy Solution Ltd. have begun construction of a $1.1 billion battery cell plant in Indonesia as the two South Korean comp...
Sep 15, 2021 (Gmt+09:00)
Latest News
- 1 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 2 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 3 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 4 President Lee: Businesses at center of policy priorities for economic growth
- 5 Samsung supplies HBM3E to AMD’s new accelerators