LG Energy, POSCO invest $15 mn in Aussie battery material supplier

LG Energy, POSCO invest $15 mn in Aussie battery material supplier

South Korea’s LG Energy Solution Ltd. and POSCO have agreed to invest a combined 17 billion won ($15 million) in Australia's Queensland Pacifi...

LG Innotek eyes record profit, revenue on strong camera module sales

LG Innotek eyes record profit, revenue on strong camera module sales

LG Innotek Co., a major camera module supplier for Apple Inc.’s iPhones, is looking to post a record operating profit and sales this year as i...

LG Electronics expands overseas appliance plants as it exits phone business

LG Electronics expands overseas appliance plants as it exits phone business

LG Electronics Inc. is expanding its overseas production facilities as the South Korean home appliance giant is shifting gears toward new growth dri...

Shopping app Ably raises another $55 mn

Shopping app Ably raises another $55 mn

South Korea-based Ably Co., operator of the fashion app Ably, announced on Jun. 2 that it has raised 62 billion won ($55.7 million) in a Series B ex...

AI chip startup FuriosaAI wraps up $70 mn Series B round

AI chip startup FuriosaAI wraps up $70 mn Series B round

South Korea-based artificial intelligence startup FuriosaAI has recently wrapped up an 80 billion won ($72.1 million) Series B round, attracting inv...

Samsung, Bayer join $90 mn investment in AI healthcare app Ada Health

Samsung, Bayer join $90 mn investment in AI healthcare app Ada Health

Samsung Electronics Co. and Germany’s pharmaceutical giant Bayer AG have made a joint investment in the Berlin-based artificial intelligence (...

LG Chem stock plunges -6.73%, worst dip since March

LG Chem stock plunges -6.73%, worst dip since March

LG Chem Ltd. suffered a broad sell-off on May 26, with more than 4 trillion won ($3.6 billion) of its market cap vanishing in a single trading day, ...

LG Electronics enjoys OLED TV boom with record Q1 shipments

LG Electronics enjoys OLED TV boom with record Q1 shipments

South Korea’s LG Electronics Inc. is enjoying the growing popularity of organic light-emitting diode (OLED) TVs, posting a record shipment in ...

AI-based startup Riiid raises $175 mn from SoftBank

AI-based startup Riiid raises $175 mn from SoftBank

Artificial intelligence-based learning platform Riiid Inc. has raised $175 million from SoftBank Vision Fund 2, the South Korean company said on May...

LG Chem's water filter business thrives amid high demand in Middle East

LG Chem's water filter business thrives amid high demand in Middle East

LG Chem Ltd., the parent company of South Korea’s leading battery maker LG Energy Solution Co., is enjoying a strong rise in demand for its wa...

Hyundai CE, Amazon develop AI-based equipment diagnosis technology

Hyundai CE, Amazon develop AI-based equipment diagnosis technology

Hyundai Construction Equipment Co. (Hyundai CE), an affiliate of Hyundai Heavy Industries Holdings Co., said on May 17 that it has jointly developed...

LG Group to invest $106 mn in advanced AI tech development

LG Group to invest $106 mn in advanced AI tech development

South Korea’s LG Group will spend about 120 billion won ($106 million) over the next three years to establish a massive high-performance compu...

LG Chem to invest $134 mn in incubator fund for firms with ESG tech

LG Chem to invest $134 mn in incubator fund for firms with ESG tech

LG Chem Ltd., South Korea’s leading chemical and battery maker, said on Tuesday it is investing 150 billion won ($134 million) in an incubator...

Samsung, LG go all out to lure adult gamers to LED TVs

Samsung, LG go all out to lure adult gamers to LED TVs

Samsung Electronics Co. and LG Electronics Inc., South Korea’s two largest TV makers, are striving to attract gamers to their large-size LED T...

Color coated steel shines in style on Samsung, LG home appliances

Color coated steel shines in style on Samsung, LG home appliances

At Dongkuk Steel Mill Co.’s main plant in Busan, some 430 km southeast of Seoul, huge rollers churning out colorful sheets never stop except w...

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

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

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

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 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

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

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...

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

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

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...

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

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...

Riiid makes list of world's 100 most promising AI firms

Riiid makes list of world's 100 most promising AI firms

South Korea-based startup Riiid Inc. has been named to the annual AI 100 list issued by global market research firm CB Insights. The AI 100 is a lis...

Samsung, LG Elec deliver above-consensus Q1 earnings

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 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...

Chips, EV and AI lead Korean firms' 2020 R&D spending

Chips, EV and AI lead Korean firms' 2020 R&D spending

Semiconductor chips, electric vehicles and artificial intelligence (AI) drove the top 100 South Korean companies' spending on research and developme...

LG Elec to fold mobile phone business in 26 yrs

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

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...

Korean waste management firm Koentec on market for $730 mn US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement Samsung’s Q2 operating profit halves amid sluggish chip sales Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates