-
April 25, 2024
LG Chem eyes new leap into top science company
LG Chem, South Korea's leading chemical company, unveiled Thursday a new vision to transform into a global top-tier science company, centering on its three business pillars -- electric mobility, sust...nual sales by 2030. To this end, LG Chem plans to invest 2 trillion won over ...
-
April 24, 2024
LG Energy Solution vows stern action to protect patent rights
LG Energy Solution announced new stringent policies Wednesday to address rampant patent infringements by what it describes as "patent free-riders." The nation's top battery maker plans to enforce it...an increasing number of companies -- both new entrants and established manufacturers --...
-
April 23, 2024
LG CNS wins Google Cloud partner awards for second year
South Korean IT solutions provider LG CNS said Tuesday it has been named as the services partner of the year for the second consecutive year at the 2024 Google Cloud Partner Awards. The annual award...cial intelligence model training and allowing it to operate global services stably. Ad...
-
April 22, 2024
LG Innotek earns Edison silver for mobile zoom camera
LG Innotek has clinched a silver Edison Award for its ultra-thin optical telephoto zoom camera module for smartphones, marking its second consecutive Edison win, the company said Sunday. The module,...trols lens movement to the micrometer, ensuring high-resolution images even at higher z...
-
April 19, 2024
Seoul shares rattled by Israeli attack on Iran; Kospi dips to nearly 11-week low
... percent decrease, while No. 2 chipmaker SK hynix plummeted by 7 percent at one point during the session, reaching below 170,000 won, before closing at 173,300 won. Other notable decliners included LG Energy Solution, down 2.51 percent, Crafton, down 2.31 percent, and LG Chem...
-
April 19, 2024
LG CNS teams up with Yonsei University to nurture AI specialists
South Korean IT solutions provider LG CNS announced Friday that it has partnered with Yonsei University to establish a new Master's degree program dedicated to nurturing intelligent data and optimiza...nt, the company added. Upon completion of the program, graduates will be guaranteed em...
-
April 19, 2024
LG Electronics raises $800 million bond for R&D, facilities investments
South Korea's tech giant LG Electronics said Friday it has successfully raised a total of $800 million in a dollar bond deal. The bonds, denominated in US dollars, were issued in two tranches: a thr...ar bond worth $500 million and a five-year sustainability bond totaling $300 million, a...
-
April 18, 2024
LG Electronics-SM Entertainment JV, Fitness Candy, to be liquidated
Fitness Candy, a fitness tech joint venture between South Korean tech giant LG Electronics and K-pop powerhouse SM Entertainment, said Thursday it will be liquidated some two years after its creation...ing of the liquidation process at a meeting held Monday, Fitness Candy said in a filing...
-
April 17, 2024
LG sets W1tr sales goal for built-in appliances by 2027
LG Electronics unveiled the ambitious target of 1 trillion won ($722 million) in sales solely from built-in appliances by 2027 at this year’s Milan Design Week, one of the largest international desig...ppliance) business worth trillions and turn it into another growth engine,” Lyu Jae-c...
-
April 17, 2024
World IT Show 2024 kicks off in Seoul
...o showcase its electronic wallet service, Samsung Wallet, and AI-powered home appliance products. LG Electronics will exhibit products based on its "affectionate AI," an on-device AI that has strengt...rchestrating and fine-turning various electronics in a user-friendly manner. The pr...
-
April 16, 2024
SK hynix sees 30% surge in market cap in Q1
... Seven firms joined the top 100, including HD Hyundai Electric, SKC and Enchem. The market cap of LG Energy Solution, on the other hand, marked the biggest decrease of 8.07 trillion won in the first ...the list, growing 36.3 trillion won in the three months to reach 754.5 trillion won....
-
April 16, 2024
Doosan, LG team up to debut EV charging robot
Doosan Robotics has teamed up with LG Electronics to test an automated electric vehicle charging system that uses its advanced collaborative robots to streamline the EV charging process. This system...e companies started a pilot operation for their new automated EV charging station last ...
-
April 16, 2024
SK Group emerges as second-most-valuable conglomerate
...March from 103.67 trillion won in early January on recovering chip demand, CXO said. In contrast, LG Group ranked as the third-most-valuable conglomerate at end-March, down from the No. 2 position in...rly January due mainly to declines in the value of its major affiliates, such as car...
-
April 15, 2024
Samsung, LG showcase built-in lineup at Milan Design Week
LG Electronics is targeting the European built-in appliance market with premium design and AI features at its 483-square-meter booth, decorated under the concept of a food lifestyle magazine. Accord...tchen Suite brand and the 'mass premium' products to meet the needs of a wide range of ...
-
April 15, 2024
LG Uplus chief lures AI talent in Silicon Valley
LG Uplus CEO Hwang Hyeon-sik traveled to Silicon Valley and hosted a special event to lure young talents in the field of artificial intelligence, the telecom carrier said Monday. Hwang hosted the “2024 LG Uplus AI Visionaries Summit" at the Four Seasons Hotel Silicon Valley in...
-
April 15, 2024
BMW purchases over $4.7b Korea-made parts in 2023
... even exceeded the Korean branch’s sales revenue, which was around 6.10 trillion won last year. Major contributors to this supply chain include domestic suppliers like Samsung SDI, Samsung Display, LG Group, Hankook Tire and Sebang Global Battery, which are among the more than 30 dome...
-
April 11, 2024
Samsung retains No. 1 spot in US home appliance market
...rket share based on sales in the US home appliance market in 2023, followed by its crosstown rival LG Electronics with 18.8 percent, GE Appliances and Whirlpool, which secured 17.6 percent and 15.1 pe...nd they would consider when purchasing home appliances, while 29 percent of local co...
-
April 11, 2024
Korean battery firms await grim Q1 earnings amid EV slowdown
Korea's top three battery makers -- LG Energy Solution, Samsung SDI and SK On -- are buckling up for the impact of their first-quarter earnings, which are certainly looking dispirited amid the withering demand for electric vehicles across the globe. According to LG Energy Solut...
-
April 05, 2024
LG Electronics expects Q1 profit to drop 11% despite robust sales
LG Electronics said Friday it expected its first-quarter operating earnings to decline more than 10 percent on-year despite the company strong overall sales of its home appliances. LG estimated that its operating profit for the January-March period came in at 1.33 trillion won ...
-
April 05, 2024
LG Electronics reports 11% decline in Q1 operating profit on rising costs
LG Electronics said Friday its operating profit for the first quarter of this year fell more than 10 percent from a year earlier due to rising costs and intensifying competition. Its first-quarter o...estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap Ne...