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Business & Politics
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...
Apr 05, 2021 (Gmt+09:00)
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Airlines
Korean Air feud ends with incumbent’s victory
The 15-month-long family feud over the control of Korean Air Lines Co. has ended with group chairman Cho Won-tae’s win over his sister Cho Hyu...
Apr 02, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air eyes $350 mn in cost savings from Asiana merger
Korean Air Lines Co. will retain its brand name after absorbing local rival Asiana Airlines Inc. in a span of around two years, with their merged en...
Apr 01, 2021 (Gmt+09:00)
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Batteries
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...
Apr 01, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy sets new global record with $2.5 bn order
South Korea’s Samsung Heavy Industries has landed an order to build 20 very large container ships (VLCS) at 2.8 trillion won ($2.5 billion), t...
Mar 26, 2021 (Gmt+09:00)
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Shareholder activism
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...
Mar 26, 2021 (Gmt+09:00)
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Batteries
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...
Mar 26, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung widens lead over rivals with industry’s first advanced DDR5
Samsung Electronics Co. has extended its lead in memory chips over its rivals by unveiling the industry’s first 512 gigabyte DDR5 module based...
Mar 26, 2021 (Gmt+09:00)
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Batteries
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...
Mar 25, 2021 (Gmt+09:00)
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Korean chipmakers
Intel’s jump into foundry sets off alarm bells for Samsung, TSMC
Intel Corp.’s announcement on Tuesday that it will significantly expand its advanced chip manufacturing capacity and jump into the foundry bus...
Mar 24, 2021 (Gmt+09:00)
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LG Group
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...
Mar 19, 2021 (Gmt+09:00)
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Electronics
Samsung says to overtake TSMC with efficient, right-time investment
Samsung Electronics Co. will make efficient and right-time investments to achieve economies of scale so that the world's largest memory chipmaker wi...
Mar 18, 2021 (Gmt+09:00)
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Mobile networks
Samsung replaces Huawei in Canada as SaskTel’s 5G supplier
Samsung Electronics Co. has been selected as the sole vendor to supply 5G network equipment and solutions to Canadian telecom company SaskTel, based...
Mar 17, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung to ramp up EUV scanners to take on foundry leader TSMC
In the semiconductor industry, having cutting-edge equipment to produce advanced chips is crucial to chipmakers' survival, particularly foundries th...
Mar 15, 2021 (Gmt+09:00)
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Shareholder activism
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...
Mar 15, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung, SK Hynix at crossroads, challenged by underdogs
South Korea’s leading chipmakers Samsung Electronics Co. and SK Hynix Inc. are at a crossroads, challenged by smaller rivals such as Micron Te...
Mar 14, 2021 (Gmt+09:00)
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Batteries
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, ...
Mar 12, 2021 (Gmt+09:00)
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Batteries
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...
Mar 11, 2021 (Gmt+09:00)
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Korean stock market
Shares of Samsung, Hynix subdued amid foreign selling spree
Foreign investors, the dominant players on the Korean bourse, are dumping leading chipmakers such Samsung Electronics Co. and SK Hynix Inc., keeping...
Mar 11, 2021 (Gmt+09:00)
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Batteries
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...
Mar 10, 2021 (Gmt+09:00)
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Automobiles
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...
Mar 09, 2021 (Gmt+09:00)
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Electronics
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...
Mar 08, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air raises $2.9 bn in largest-ever share issue by Korean firm
Korean Air Lines Co. has raised 3.32 trillion won ($2.9 billion) from a new share sale as planned in the the largest-ever rights offering by a domes...
Mar 07, 2021 (Gmt+09:00)
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Batteries
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...
Mar 05, 2021 (Gmt+09:00)
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Electric vehicles
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...
Mar 05, 2021 (Gmt+09:00)
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Batteries
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...
Mar 04, 2021 (Gmt+09:00)
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Premium TVs
Samsung launches QLED TVs, aims to retain global leadership for 16th year
Samsung Electronics Co., the world’s largest TV maker, has launched new flashy flagship TV models, with which the tech giant aims to retain it...
Mar 03, 2021 (Gmt+09:00)
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Shareholder activism
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...
Feb 25, 2021 (Gmt+09:00)
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Tech, Media & Telecom
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...
Feb 24, 2021 (Gmt+09:00)
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Rights offerings
Korean Air kicks off biggest-ever rights offer to finance Asiana takeover
Korean Air Lines Co. has kicked off its 3.3 trillion won ($3 billion) rights offering, the biggest amount ever by any South Korean company, to help ...
Feb 22, 2021 (Gmt+09:00)
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