LG display cloud platform
Scope
Date
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Alternative investments
KB Fin, Shinhan invest in Sweden's wind farm via joint fund
South Korea's two banking giants -- KB Financial Group and Shinhan Financial Group -- have invested a combined 80 billion won ($68 million) in a win...
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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Cloud providers
Naver Cloud looks to join AWS, Microsoft as Asia's top cloud service provider
South Korea-based Naver Cloud Corp. is determined to become one of the key cloud service providers in Japan and Southeast Asian markets, following o...
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)
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Chemical Industry
LG Chem, ADM to build JV in US to produce bioplastics made from corn
South Korea’s LG Chem Ltd. said on Tuesday it is jointly building a corn-based bioplastic plant in the US with Archer Daniels Midland Co., a g...
Sep 14, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korea content platform startup to buy Getty Images unit
A South Korean content platform startup OGQ Corp. is set to take over the world’s leading stock content company Getty Images Inc.’s unit...
Sep 13, 2021 (Gmt+09:00)
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Pharmaceuticals
Medytox’s US business outlook dim as contract with AbbVie ends
South Korea’s pharmaceutical company Medytox Inc. has ended a botulinum toxin-related technology transfer contract with AbbVie, clouding its b...
Sep 09, 2021 (Gmt+09:00)
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Debt financing
LG set to fund OLED plant expansion with over $400 mn in new bonds
LG Display Co. will likely raise around 500 billion ($430 million) in new bond issues, more than its planned 300 billion won, to finance the expansi...
Sep 07, 2021 (Gmt+09:00)
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Korean startups
Streaming platform Mahocast eyes listing on Japan's Mothers market
TOKYO -- Japan-based concert streaming platform Mahocast, dubbed as the Netflix for concerts in Japan, is gaining attention as a venue for both musi...
Sep 07, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Naver’s market cap to top 100 trillion won, analysts say
South Korea’s market analysts projected that Naver Corp.’s market cap will surpass 100 trillion won ($86 billion), driven by the rapid g...
Sep 07, 2021 (Gmt+09:00)
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Tech, Media & Telecom
LG Chem unveils new cover window technology for foldable devices
LG Chem Ltd., the chemical unit of South Korea’s LG Group, said on Tuesday it has developed a new cover window that folds both ways – in...
Sep 07, 2021 (Gmt+09:00)
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Korean chipmakers
LG Innotek, Samsung Electro-Mechanics benefit from wafer shortage
South Korea’s semiconductor substrate producers including LG Innotek and Samsung Electro-Mechanics are benefiting as a global wafer shortage...
Sep 06, 2021 (Gmt+09:00)
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Electronics
Samsung, LG see largest surge in TV prices in decade
Lee Ji-eun, a 30-year-old bride-to-be, was surprised at the prices of liquid-crystal display (LCD) TVs when she visited a home appliance store in ...
Sep 03, 2021 (Gmt+09:00)
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Energy
LG Chem to set up next-generation bio-oil plant in Korea
South Korea’s LG Chem Ltd. plans to build a next-generation bio-oil plant in the country with a local biodiesel company as the petrochemical m...
Sep 02, 2021 (Gmt+09:00)
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EV Batteries
LG Energy Solution, SK Innovation raise global battery market shares
LG Energy Solution Ltd. and SK Innovation Co. expanded global battery market shares, leading steady growth in South Korea’s battery industry.S...
Sep 01, 2021 (Gmt+09:00)
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Electronics
LG Electronics leads industry shift toward OLED TVs
LG Electronics Inc., one of the world’s largest TV makers, is leading the TV industry’s shift toward organic light-emitting diode (OLED)...
Sep 01, 2021 (Gmt+09:00)
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Batteries
Samsung SDI tops LG Chem in market cap amid GM recall crisis
Samsung SDI Co. has become South Korea’s top battery maker in terms of market capitalization. The company is now ranked as the sixth-largest f...
Aug 31, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Interpark draws cool response from Korean online giants
South Korea’s online retail platform Interpark Corp. has failed to drum up interest from the country's largest online platforms, including Nav...
Aug 31, 2021 (Gmt+09:00)
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Retail
Naver poised for battle over sneaker resale market
South Korea’s platform giant Naver Corp. is on the move to claim the throne in the sneaker resale market, up against other fashion platforms s...
Aug 31, 2021 (Gmt+09:00)
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IPOs
LG delays decision on battery unit IPO to Q4
LG Chem Ltd.’s battery unit LG Energy Solution Ltd. will not be listed on Kospi within the third quarter. Investors are keeping close eyes on ...
Aug 30, 2021 (Gmt+09:00)
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Electronics
LG Electronics scores big in first-half US OLED TV market share
LG Electronics Inc., one of the world’s largest TV makers, saw its market share grow rapidly in North America with its market share rising abo...
Aug 30, 2021 (Gmt+09:00)
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Com2uS acquires metaverse platform to grow as digital content provider
South Korea-based Com2uS Corp., the creator of the popular game Summoners War, is ramping up its efforts to transition into a global content platfor...
Aug 25, 2021 (Gmt+09:00)
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Korean startups
KT makes partial exit from travel platform Yanolja
South Korea’s telecom giant KT Corp. has made a partial exit from the country’s largest travel platform Yanolja, which is eyeing a US IP...
Aug 25, 2021 (Gmt+09:00)
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Electronics
Samsung, LG to showcase latest display innovations at IMID
South Korea’s largest display maker Samsung Display Co. and its rival LG Display Co. will boast their latest product innovations at the Intern...
Aug 24, 2021 (Gmt+09:00)
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Future mobility
Kakao Mobility takes first step toward 2022 IPO
Kakao Mobility Corp., South Korea's most popular taxi-hailing app, has taken its first step toward a stock market debut, which is expected to value ...
Aug 23, 2021 (Gmt+09:00)
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Batteries
Shares of LG Chem, LG Electronics tumble on GM EV recall
Shares of LG Chem Ltd. and LG Electronics Inc. fell sharply on Monday in Seoul following General Motors Co.’s announcement on Friday that it w...
Aug 23, 2021 (Gmt+09:00)
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Mobile networks
LG Elec takes quantum leap in 6G with THz band breakthrough
LG Electronics Inc. has made a breakthrough in next-generation networks by transferring wireless 6G terahertz (THz) data over a 100-meter distance i...
Aug 20, 2021 (Gmt+09:00)
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Mobile networks
LG Elec takes quantum leap in 6G with new THz band milestone
LG Electronics Inc. has made a new breakthrough in next-generation networks by transferring wireless 6G terahertz (THz) data over a 100-meter distan...
Aug 20, 2021 (Gmt+09:00)
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Electronics
LG Electronics postpones 42-inch OLED Gaming TV launch to early 2022
LG Electronics Inc., one of the world’s largest TV makers, plans to launch the much-anticipated 42-inch organic light-emitting diode (OLED) TV...
Aug 19, 2021 (Gmt+09:00)
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Corporate investment
LG Chem to spend $2.2 billion to build 10 new eco-friendly factories
LG Chem Ltd., South Korea’s top chemical maker, said on Thursday it is spending 2.6 trillion won ($2.2 billion) to strengthen its green busine...
Aug 19, 2021 (Gmt+09:00)
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Latest News
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- 3 GIC resumes Seoul Finance Center sale in potential megadeal
- 4 South Korea’s Lee, China’s Xi agree on closer ties, peace on Korean Peninsula
- 5 Invesco, SK D&D likely to buy co-living building in Seoul