-
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...
-
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 ...
-
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 ...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
September 22, 2023
KG Mobility vows to export 200,000 cars by 2026
...n phosphate batteries for price competitiveness, other car models may use Korea-made batteries. Commercial buses produced by Edison Motors, whose name will be changed to KG M Commercial, mostly use LG Energy Solution’s batteries, according to the company. From next month, they will al...
-
September 22, 2023
LG CNS opens coding class for rural students
Korean IT solutions provider LG CNS said Tuesday its employees a one-day class for elementary students in Buyeo-gun, South Chungcheong Province, to promote inclusive access to digital education. The...goals and visions with AI. Following its first activity at Gangneung, Gangwon Province...
-
September 22, 2023
Khanfilter eyes global expansion with innovative air purifier
Catalyst for innovation The innovative technology of Khanfilter was made possible due to CEO Han’s former experience and expertise from 8 years of researching ceramic filters at LG Chem and operating Khancera, the first company in South Korea to develop ceramic filters used in DPF techn...
-
September 20, 2023
[KH Explains] Why Korean battery makers’ mass hiring still ‘not enough’ for tech race
... nation's top three battery makers have gone on a hiring spree, and it shows no signs of stopping. LG Energy Solution, Samsung SDI and SK On have hired thousands of new employees during the first six ...ith their business expansion at home and abroad. According to their regulatory fili...
-
September 20, 2023
LG Energy Solution raises $1b from green bond sales to finance battery projects
South Korean battery maker LG Energy Solution said Tuesday it has raised $1 billion worth of global green bonds to finance its global production facilities. It marks the company's first foray into t...Storage Solutions facility in Arizona with a 16-gigawatt hour target. These investments...
-
September 18, 2023
LG CNS, XYZ Robotics push for e-commerce logistics robot biz
South Korean IT solutions provider LG CNS said Sunday it has teamed up with a Chinese artificial intelligence-powered robotic solutions firm to carry out joint projects in domestic e-commerce logisti...vide clients with the use of their robot devices via a subscription-based contract -- a...
-
September 18, 2023
‘Korean battery makers to catch up with Chinese rivals by 2025’
...r SNE Research on Thursday. “Due to China-made low-priced lithium iron phosphate (LFP) batteries, LG Energy Solution, Samsung SDI and SK On’s combined market share worldwide dropped from 30.4 percent...cent to $26.7 billion in the cited period. The CEO projected that the operating p...