S.Korea to put $3.6 bn shares in gaming giant NXC on sale

The South Korean government said on Monday it will launch a tender offer to sell off a 29.3% stake, valued at around 4.7 trillion won ($3.6 billion)...

Seoul to build huge two-ring Ferris wheel for $700 mn

The Seoul Metropolitan Government on Sunday unveiled the design of a Ferris wheel, tentatively named Seoul Twin Eye, which it plans to complete by 2...

LG Energy's new CEO aims to focus on qualitative growth

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, is set to focus on qualitative growth by securing leading ...

GM asks LG Energy to share huge portion of US EV tax benefits

General Motor Co., the leading US automaker, has asked LG Energy Solution Ltd., the world’s second-largest electric vehicle battery manufactur...

LG Uplus to spur generative AI service for new growth: CEO

LG Uplus Corp., a leading mobile carrier in South Korea, is accelerating its generative artificial intelligence business as a new growth driver amid...

LG H&H to boost marketing of makeup brands in Japan

South Korea's LG H&H Co. announced on Tuesday that it will boost marketing of its premium makeup brands "Glint by VDIVOV" (Glint) and "freshian"...

Korea to raise unskilled foreign worker visa quota to record high

South Korea is set to increase its visa quota for non-professional foreign workers to a record high and expand the sectors in which they can work to...

South Korea’s Hankook Tire looks to direct tire sales in Taiwan

Hankook Tire & Technology Co., South Korea’s top tire manufacturer, is launching a local corporation in Taiwan to directly sell tires in t...

Samsung, LG lead global TV market in Q3 2023

Samsung Electronics Co. has retained the number one position in global TV market share, hitting a 30% mark in this year's third quarter, marking a p...

LG Energy may produce mid-nickel EV batteries from 2024

South Korea’s LG Energy Solution Ltd. plans to mass-produce mid-nickel, high-voltage lithium batteries as early as next year, one year ahead o...

LG Elec unveils shoe care appliance at ComplexCon 2023

LG Electronics Inc. unveiled its dedicated shoe care appliance Styler Objet Collection ShoeCare and ShoeCase at ComplexCon 2023 in Long Beach, Calif...

LG Elec separates new biz divisions into in-house entities

LG Electronics Inc., the leading global home appliance maker, has actively separated new business organizations into independent in-house entities, ...

Hyundai Group chair exits Schindler-invested unit board

Hyundai Group's chairwoman on Friday resigned from the board of its elevator unit, whose No. 2 shareholder is Schindler Holding AG, amid mounting sh...

LG Chem, SNU to jointly develop next-generation material

South Korea's LG Chem Ltd. partnered with Seoul National University (SNU) to develop next-generation material technologies, including pivotal materi...

LG Elec to venture into US EV charger market in 2024

South Korea’s LG Electronics Inc. is readying to enter the US electric vehicle charger market with the launch of EV chargers in the first half...

SK On, BASF tie up for EV battery materials business

SK On Co., the world’s fifth-largest electric vehicle battery maker, and BASF SE, a major global cell materials producer, joined forces for th...

LG, POSCO team up for unmanned robot’s facility management

LG Electronics Inc. announced on Wednesday it conducted a demonstration project for unmanned facility management using an artificial intelligence (A...

LG Elec’s vehicle systems plants running above full capacity

LG Electronics Inc.'s automotive electronics production plants have surpassed 100% of their operating rate this year as of the end of September.Acco...

Korean battery makers’ broad restructuring hits US

SK On Co., South Korea’s No. 3 battery maker, has decided to furlough employees at one of its US battery factories in the state of Georgia to ...

LG Uplus buys pet Airbnb-style startup to boost pet care services

LG Uplus Corp. has acquired a domestic dog space rental startup Along as the South Korean mobile carrier is zooming in on pet care services as its n...

LG to open Kitchen Trip in 100 accommodations in S.Korea

LG Electronics Inc. said on Monday it will start the LG Kitchen Trip, the event of its home appliances for customer experience in 100 tourist spor...

LG Energy, Ford’s battery JV in Turkey scrapped as EV uptake slows

A planned battery manufacturing joint venture between South Korea’s top battery maker LG Energy Solution Ltd., US carmaker Ford Motor Co. and ...

Samsung, LG accelerate push into virtual reality displays

South Korea’s two leading display makers Samsung Display Co. and LG Display Co. are in the early stages of developing screens for extended, or...

SK-backed social impact startups see higher corporate values

South Korean social impact startups backed by the country’s second-largest conglomerate SK Group enjoyed higher corporate values with two of t...

LG Display’s OLED panel gets certifications for eye comfort

South Korea’s LG Display Co. announced on Wednesday its third-generation OLED TV panels got a certification from global safety science resea...

LG, Qraft Technologies' AI-powered ETF trades on NYSE

South Korea’s LG Group and Seoul-based Qraft Technologies Inc. have jointly launched an exchange-traded fund (ETF) that selects holdings relat...

POSCO Holdings to secure lithium from oil-field brine in Canada

South Korea's POSCO Holdings Inc. announced on Wednesday it signed a memorandum of understanding (MOU) with Invest Alberta Corporation (IAC) in Seou...

LG Energy, SK On to delay battery JVs with Ford as demand slows

South Korea’s leading battery makers are postponing their plans to start operations of their joint ventures with Ford Motor Co. as the growth ...

S.Korea seeks to sell 29% in game giant Nexon's holding firm

The South Korean government is planning to sell off a 29.3% stake in Tokyo-listed game giant Nexon Co.’s holding firm NXC Corp. via a public b...

LG Elec to open heat pump research laboratory in Alaska

LG Electronics Inc. plans to open LG Advanced Cold Climate Heat Pump Laboratory in Alaska, the US for the development of heating, ventilation, &...