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November 02, 2023
LG Energy Solution debuts new battery-based EV financing
South Korea’s top battery maker LG Energy Solution said Wednesday it is partnering with financial service provider Hyundai Capital to launch a new financing product for electric vehicle drivers calle...s would total savings of about 1.08 million won over the contract period. The evaluat...
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November 01, 2023
LX chairman offers unwavering support for women’s baseball
LG Group spinoff LX Group is sparing no efforts for the growth of Korean women’s baseball, having hosted the nation’s only corporate-sponsored women’s baseball competition for a second time. Co-host...s league, helping to transform it into a reality and following in the footsteps of <...
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October 29, 2023
LG Electronics to bolster local strategies, B2B push to widen gap with Chinese rivals
South Korean home appliance giant LG Electronics said Friday it will strengthen its country-by-country strategy to compete against its growing Chinese rivals. "Chinese firms have deviated from a low...le profit structure through increasing efficiency, based on precise demand forecasts, a...
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October 26, 2023
LG Chem sets up R&D center in Georgia
South Korean chemical giant LG Chem said Wednesday that it has set up a new research and development center in the US state of Georgia called the North America Innovation Center, as part of its big p...our research capacities and securing talent in a technologically advanced country such ...
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October 26, 2023
LG Energy Solution ups ante in price war against Chinese rivals
LG Energy Solution plans to boost production of price-competitive electric vehicle batteries -- including lithium iron phosphate (LFP) batteries -- in a move to expand its footing in the low-cost EV ...strengthen our low-priced battery product portfolio,” said Lee Chang-sil, chief financ...
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October 24, 2023
Samsung, Hyundai ink first EV battery deal
...e, Lee invited Chung to the production site and the two leaders reportedly discussed using Samsung SDI batteries for Hyundai and Kia EVs. The world’s third-largest automaker has used batteries from LG Energy Solution and SK On, which are among the nation’s top three battery makers. I...
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October 20, 2023
LG Energy Solution's new residential ESS to hit US market
LG Energy Solution said Thursday it is set to launch a new residential energy storage system device lineup called LG enblock S in the United States next month. Installed with nickel, manganese and c...mperature goes up within the house or outside. Later this year, the company ...
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October 18, 2023
One Store attracts W20b from Krafton
...gh One Store's overseas expansion. They did not disclose the size of the stake that Krafton had taken. One Store was jointly developed by Korean telecommunication giants SK Telecom and KT Corp. and LG Uplus, along with the country’s internet giant Naver. It provides diverse entertainm...
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October 16, 2023
LG Innotek wins patents for EV charging technology
LG Innotek, an electronic component manufacturer under LG Group, said Sunday that it had earned three international patents in the field of electric vehicle charging. “To leap forward as a No. 1 global company, it is essential to systematically manage and secure international ...
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October 16, 2023
[KH Explains] Amazon's cloud industry plans raise fears of Korean market monopoly
... the world's leading cloud service provider set up a new regional operation in Seoul, the 12th of this kind, in 2016. The company’s key clients here include Samsung Electronics, Hyundai Motor Group, LG Electronics, Posco and Krafton. Some industry sources also predict that the US web ...
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October 15, 2023
Samsung owns largest No. of Israeli subsidiaries among S. Korean conglomerates: report
...with more than 5 trillion won ($3.7 billion) in assets, four conglomerates, including Samsung, SK, LG and OCI, operate subsidiaries in Israel, owning at least a 50 percent stake in the affiliates. Sa... the largest number of five subsidiaries in Israel among Korean firms while the othe...
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October 13, 2023
LG CNS launches new AI platform for corporate clients
Information technology service provider LG CNS said Thursday that it has launched a generative artificial intelligence-based platform called Data Analytics & AI Platform Generative AI, or DAP GenAI, for its corporate clients. According to LG CNS, the new platform integrates the...
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October 11, 2023
LG Electronics ups Q3 earnings guidance on upbeat demand
LG Electronics said Tuesday it expected its third quarter operating earnings for 2023 to climb 33.5 percent from a year before, amid the strong performance of its home appliance and vehicle component solutions units. LG estimated that its operating profit for the July-September...
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October 10, 2023
Foreigners ditch sluggish Korean stocks
...reak in 16 years. Top sold shares for foreign investors were secondary battery-related stocks as the investment boom led by retail investors eased out, including Posco Holdings (5.38 trillion won), LG Chem (1.45 trillion won), LG Energy Solution (942 billion won), Samsung SDI...
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October 10, 2023
LG develops key OLED material to reduce reliance on imports
LG Display and LG Chem, prominent display and chemical makers, respectively, boasted Monday of their joint success in producing p-type dopants in-house, a crucial material for producing organic light-emitting diode displays, the supply of which has been solely dependent on impor...
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October 06, 2023
Doosan Robotics shares debut at double IPO price
... with fervor from retail investors as well, drawing in 33.1 trillion won in deposits for the subscription. It was the first time in nearly 20 months for IPO deposits to surpass 33 trillion won since LG Energy Solution garnered more than 100 trillion won for its debut in January 2022. F...
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October 06, 2023
BMW to double No. of EV chargers in Korea next year
...fered by automakers in Korea. BMW Korea did not disclose the amount it invested in the extra charging points. The expansion of the charging infrastructure will be carried out in collaboration with LG Electronics and GS Energy. BMW Korea said it will install different chargers dependin...
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October 06, 2023
LG Energy Solution secures massive battery supply deal for Toyota EVs
LG Energy Solution and Toyota announced Thursday that they have signed a 10-year supply contract for lithium-ion battery modules to be used in Toyota’s battery electric vehicles assembled in the Unit...oration between the Korean battery maker and the Japanese auto giant in the burgeoning...
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September 27, 2023
LG chief convenes CEO meeting to review growth strategy
LG Group Chairman Koo Kwang-mo reportedly convened some 30 CEOs on Tuesday to discuss the group's longer-term strategies ahead of the weeklong Chuseok holiday. Top executives of key affiliates, including LG Electronics, LG Display, LG Innotek, LG C...
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September 25, 2023
LG Chem pivots to LFP with Huayou for Morocco plant
LG Chem, South Korea's premier battery materials producer, announced on Sunday that it would venture into the lithium-phosphate-iron, or LFP, business by constructing a plant with Huayou Group's subs... output of 50,000 metric tons, sufficient for around 500,000 entry-level electric vehic...