Ford in talks with LG Energy for Turkey EV battery plant

Ford Motor Co. is in talks with LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, to build a cell factory in...

LG Energy posts largest-ever profit led by US JV with GM

South Korean battery maker LG Energy Solution Ltd. posted its largest-ever profit in 2022, driven by strong sales after its US joint venture with Ge...

Broadcom to give Samsung warranties to avoid Korea penalties

US chipmaker Broadcom Inc. agreed to provide three-year warranties and technical support for components equipped in products such as smart devices o...

LG Elec sweeps 1st place in Best Washers chosen by US consumers

LG Electronics Inc. swept this year's top spot in all major categories of best washing machines evaluated by Consumer Reports, a leading US consum...

LG unveils self-driving auto parts, brighter OLED panels

LG Group’s two units have showcased new automotive and display products, which would expand their presence in the autonomous driving and premi...

Pan Ocean to transport energy products for Portugal's Galp

Pan Ocean Co., the top bulk shipping company in South Korea, has received its first large-scale liquefied natural gas (LNG) carrier to provide shipp...

LG Elec to increase partnerships for business expansion

LAS VEGAS -- LG Electronics Inc., the world’s top home appliance maker, is seeking more partnerships with global leading companies and increas...

HD Hyundai to boost offshore wind power, future ships, CEO says

LAS VEGAS – HD Hyundai Co., the largest shipbuilding conglomerate in South Korea, is set to diversify its future growth engines, focusing on s...

LG Uplus announces official start of original content production

LG Uplus Corp. announced on Thursday that it would officially kickstart producing original content, following its pilot program about desserts relea...

LG Elec, Magna expand partnership into self-driving tech

LAS VEGAS – LG Electronics Inc., the world’s top home appliance producer, expanded its partnership with Canadian car parts maker Magna I...

Com2verse attracts investment of $9.4 million from strategic partners

Com2verse, Com2uS Corp.'s metaverse subsidiary said on Tuesday that it has secured a strategic investment of 4 billion won ($3.1 million) each from ...

Sejong kicks off private 5G business for exclusive use for industrial safety

Sejong Telecom, Inc. a mid-sized facilities-based telecommunications business and ICT platform company in South Korea, will launch a private 5G bu...

SKC's film business units change their names, start anew

SKC Future Materials and SKC Hi-Tech & Marketing, which had newly been established through the spin-off of SKC's industrial materials division (...

No holds barred: State support for Samsung, SK Hynix, Hyundai Motor

It couldn’t come at a worse time.South Korea’s exports are set for a 4.5% decline in 2023. So believes the Yoon Suk-yeol government.The ...

LG Uplus succeeds in linking open RAN standard equipment

LG Uplus Corp. said on Tuesday that it has succeeded in linking open distributed unit (O-DU) and open RAN (radio access network) radio unit (O-RU) b...

Naver, Kakao to hold off M&As to pursue profits

Naver Corp. and Kakao Corp., South Korea’s two leading online platforms, will put on hold acquisition-oriented growth strategies and instead p...

K-BBQ brand Mapo Galmaegi signs agreement to get halal certification

South Korean food service enterprise Didim E&F said on Monday that its Korean barbecue brand Mapo Galmaegi signed a business agreement with a Ko...

Korean firms head to CES 2023 to showcase innovative technologies

LAS VEGAS, NV – A growing number of South Korea’s leading companies and startups are heading to CES 2023, the world’s largest tech...

Document tool company Business Canvas secures Series A2 round

Business Canvas, a South Korean SaaS (software as a service) startup that services the global document tool "Typed," announced on Tuesday that it ha...

LG to unveil sleep care solution Breeze at CES 2023

LG Electronics Inc. said on Monday that it will unveil a smart sleep care solution “Breeze” at CES 2023 on Jan. 5.Breeze is a wireless e...

Korean business chiefs’ Year of the Rabbit messages: Keep investing

South Korea’s top business leaders on the first business day of the year stressed the importance of active investment and concentration of r...

LG Electronics speeds up development of intelligent AI solutions

LG Electronics Inc. on Sunday said it will build an ambient computing platform as selected by LG AI Research, a company think tank specializing in a...

Is semiconductor chip rental doable?: Samsung says yes

Samsung Electronics Co., the world’s largest memory chipmaker, is looking to launch a high-end memory chip rental service as its new business ...

LG Uplus to develop metaverse service for children with Witch Company

South Korea's third-largest mobile carrier LG Uplus Corp. said on Friday that it will develop a web3 service for children to provide an immersive ex...

Hilton Seoul to close business for redevelopment project

Millennium Hilton Seoul, founded in 1983, will close down for business on Dec. 31 due to redevelopment plans for the property.The five-star hotel ...

LG Display to showcase high-performance OLED panels for gaming at CES

LG Display Co. said on Thursday that it would unveil new 45-inch ultra-wide OLED panels and 27-inch OLED panels optimized for gaming at CES 2023, th...

LS Cable abandons round wire to focus on higher-value EV wire

LS Cable & System Ltd. has decided to give up the round wire business to concentrate on higher-value-added products used in electric vehicles (E...

LG Group's received orders for auto parts close to $393 billion

South Korea’s electronics-to-battery conglomerate LG Group expects its received orders for auto components to reach over 500 trillion won ($...

SK Energy expands fusion urban fuel cell business

SK Energy has teamed up with new and renewable energy companies to develop urban distributed power generation and electric vehicle charging.The comp...

Business Survey Index falls for 4th consecutive month

With both exports and domestic spending growing shakier amid the global economic downturn, South Korean business sentiment has taken a backward step...