LG Electronics, Mirae Asset to launch $90 mn fund to invest in startups

South Korea’s LG Electronics Inc. and Mirae Asset Group have agreed to launch a 100 billion won ($90 million) joint venture-capital fund to he...

LG Electronics expects auto parts business to turn profitable in H2

South Korea’s LG Electronics Inc. said on Thursday it expects its loss-making auto parts business to turn to profit in the second half of this...

LG Chem delivers Q1 earnings surprise on cash-cow petrochem business

South Korea’s LG Chem Ltd. said on Wednesday that its quarterly revenue and operating profit rose to all-time highs in the January-March perio...

LG Display set to turn profitable as LCD shortage boosts prices

LG Display Co., a major South Korean display panel maker, has been in the red for years, weighed by subdued panel prices amid a supply glut caused b...

LG Electronics set to overtake Whirlpool as top home appliance maker

South Korea’s LG Electronics Inc. will likely post its best-ever sales revenue for its home appliance business this year, overtaking Whirlpool...

GM, LG to build second US EV battery plant in Tennessee

LG Energy Solution Ltd. and General Motors Co. will spend 2.7 trillion won ($2.4 billion) to build their second US electric vehicle battery plant in...

Hyundai Motor Group forms TaaS division to be led by 42dot CEO

Hyundai Motor Group has created a new Transportation-as-a-Service (TaaS) division that will oversee the mobility businesses of Hyundai Motor Co. and...

LG Corp shares surge ahead of relisting after LX Holdings split-off

Shares of LG Corp. are significantly outperforming the broader market on expectations the company will be fairly valued when it’s relisted on ...

LG Chem expands carbon nanotube production with new plant

South Korea's LG Chem Ltd. has completed an extension of its production line for carbon nanotubes (CNTs), known as a wonder material for its strengt...

Korean LED maker moves up to 3rd place; CEO still growing hair

Seoul Semiconductor Co., whose founder and CEO has not cut his hair since 2018 to concentrate on patent lawsuits, has moved up one notch to third pl...

SK agrees to pay $1.8 billion to LG, settles battery legal dispute

LG Energy Solution Ltd. and SK Innovation Co. have reached an 11th-hour agreement to end their two-year legal dispute in the US over trade secret in...

Samsung, LG Elec deliver above-consensus Q1 earnings

Samsung Electronics Co. and LG Electronics Inc., the world's two largest TV makers, surprised the market on Wednesday with forecast-beating quarterl...

Posco Chemical to supply EV battery materials to GM-LG Energy JV

Posco Chemical Co., the secondary battery materials unit of POSCO, will supply anodes, a key material used in electric car batteries, to the joint v...

LG Elec to fold mobile phone business in 26 yrs

LG Electronics Inc. announced on Monday its exit from the loss-making mobile phone business, which has accumulated operating losses of 5 trillion wo...

ITC rules in favor of SK Innovation over LG Energy in US battery patent suit

The International Trade Commission (ITC) has ruled in favor of SK Innovation Co. in a US battery patent suit filed by LG Energy Solution Ltd., which...

LG shareholders approve spin-off plan amid activist opposition

Shareholders of LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, on Friday gave the nod to the company's p...

SK reiterates rejection of LG’s hefty demand for battery dispute settlement

SK Innovation Co. again refused to accept LG Energy Solution Ltd.’s demand that SK pay a hefty amount of compensation for its involvement in a...

LG Chem CEO vows stern action against SK in battery legal dispute

The chief executive of LG Chem Ltd. said on Thursday that the company will sternly deal with SK Innovation Co. in the battery technology trade secre...

LG strengthens ESG push with committee set-up

LG will create ESG (environment, social and corporate governance) Committee and Internal Trading Committee within the holding company and key affili...

Proxy advisers ISS, Glass Lewis urge LG shareholders to reject spin-off plan

Proxy advisers Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. have urged shareholders of LG Corp. to vote against the South...

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...

Ssangyong Motor gets extended grace period before court-led revamp

Ssangyong Motor Co. has received court approval to extend the two-month suspension of its debt obligations and find a new investor for the South Kor...

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...