LG Energy to invest over $4.5 bn to expand US battery facilities
LG Energy Solutions Ltd. announced on Friday that it will invest more than 5 trillion won ($4.5 billion) by 2025 to expand its US battery business, ...
SK Innovation board says no costly settlement with LG
SK Innovation Inc.’s board members on Thursday advised the South Korean electric vehicle battery maker not to pay hefty compensation for a set...
LG Energy may build US, Europe plants to supply new batteries to Tesla
LG Energy Solution Ltd. may build an electric vehicle battery plant in the US to supply advanced battery cells to Tesla Inc. for its new models to b...
LG Electronics eyes growth potential in US auto parts market
LG Electronics Inc. is aggressively expanding its automobile components business in the North American market – a move that is expected to hel...
LG Display, Disney promote OLED TV through animated film
South Korea-based display panel maker LG Display Co. and Walt Disney have teamed up to highlight the benefits of OLED TV through Disney's latest ani...
LG Energy, GM in talks to build 2nd EV battery plant in Tennessee
South Korea’s LG Energy Solution Ltd. is exploring building a second electric car battery plant in the US with joint venture partner General M...
Hyundai, LG Energy agree to split EV recall costs, reflect in Q4 results
Hyundai Motor Co. and LG Energy Solution Ltd. have agreed on how to split the costs of replacing the electric vehicle batteries made by the LG Group...
US politicians urge review of ITC ruling over LG, SK battery dispute
The trade secret dispute between LG Energy Solution Ltd. and SK Innovation Co. is taking a new turn as US state politicians raise their voices again...
US hedge fund Whitebox Advisors says to vote against LG’s planned spin-off
US-based hedge fund Whitebox Advisors LLC plans to vote against the proposed spin-off of South Korea’s LG Corp. at the upcoming general meetin...
LG Electronics enters TV content platform market with its webOS software
South Korea’s LG Electronics Inc. is entering the TV content platform market by offering its web-based software to TV makers through a partner...
LG Innotek to up capex on camera modules ahead of new iPhone launch
South Korea’s LG Innotek Co., a major camera module supplier for Apple iPhones, will spend 80% of its 2020 operating profit, or 547.8 billion ...
Hyundai Motor, LG Energy team up on EV battery leasing, recycling
The Hyundai Motor Group will lead a government initiative to reduce battery-related environmental problems by collaborating with other companies on ...
Samsung creates big data center under direct CEO control
Samsung Electronics Co. has launched a Big Data Center in a move to improve the use of big data in the development, marketing and sales of smartphon...
LG Chem to issue over $1 bn in bonds; largest amount ever
South Korea-based LG Chem Ltd. is set to issue 1.2 trillion won ($1.1 billion) worth of bonds this week, making it the largest won-denominated bond ...
SK under increasing pressure for costly settlement with LG
SK Innovation Co. may brace for a billion-dollar settlement with LG Energy Solution Co., after it lost a lengthy legal battle with its hometown riva...
LG, SK, Hanwha accelerate shift to renewable energy with push for RE100
Following in the footsteps of SK Group, which last year declared that it will switch to renewable energy for plant operations, a number of South Kor...
LG Chem's bond issue raises over $2 bn in demand
South Korea-based LG Chem Ltd. received around 2.5 trillion won ($2.3 billion) worth of orders in the bookbuilding for its 600 billion won corporate...
LG Display to invest $750 million in Vietnam OLED module plant
LG Display Co., a major South Korean display panel maker, will invest $750 million in its display plant in Vietnam to meet rising demand from electr...
Kia aims to become purpose-built vehicle market leader: CEO
Kia Corp. recently dropped Motors from its name and changed the design and color of the logo that had represented the Korean automaker globally for ...
LG Electronics' 2020 sales, operating profit hit all-time highs
South Korea’s LG Electronics Inc. on Friday posted record 2020 operating profit and revenue, boosted by robust sales in its home appliance div...
LG Energy Solution hires Morgan Stanley, KB Securities as lead IPO managers
South Korea-based LG Energy Solution has hired KB Securities and Morgan Stanley as the lead managers for its initial public offering, which is antic...
LG, Qualcomm to cooperate in 5G platforms for connected cars
LG Electronics Inc. and Qualcomm Technologies Inc. have agreed to cooperate in the development of 5G wireless platforms for next-generation connecte...
S.Korean chem firms hasten shift to bioplastics amid China's plastic ban
South Korea’s chemical industry is in crisis mode as China declares war on plastics, likely to deliver a heavy blow to Korean companies that b...
LG hires Kim & Chang as advisor for mobile division sale
LG Electronics Inc. has mandated South Korea’s largest law firm Kim & Chang as the legal advisor for its smartphone division sale, accor...
Vingroup eyes LG’s smartphone business: Reports
Vietnam’s largest conglomerate Vingroup is interested in acquiring part of LG Electronics Inc.’s smartphone operation to bolster its hig...
Lotte Chem ready to bid for JSR’s synthetic rubber business
South Korea’s Lotte Chemical Corp. has completed due diligence on the synthetic rubber operation of JSR Corp., put up for sale by the Japanese...
LG Electronics to consider selling smartphone business
South Korea-based LG Electronics Inc. looks to be considering selling off its struggling smartphone division, which has been in the red for 23 con...
S.Korean chem firms look to specialty chemicals to drive growth
South Korea-based Kumho Petrochemical Co. stunned the market last year with a positive earnings surprise in the third quarter of 2020. The company...
LG Electronics, Luxoft to launch car infotainment JV in January
LG Electronics Inc. will launch a car infotainment system joint venture with Luxoft, a DXC Technology company headquartered in Switzerland, later th...
SK Hynix CEO Lee Seok-hee: Star engineer, bookworm, soju connoisseur
When SK Hynix Inc. announced a $9 billion all-cash deal to acquire Intel Corp.’s NAND memory chip business in mid-October of last year, the ma...
