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March 25, 2024
L&F signs W13.19tr deal to supply cathodes to SK On
...company said in a regulatory filing. The 300,000 tons of cathode materials will be installed in 3 million electric vehicles, it said. The two companies plan to jointly develop next-generation battery products and strengthen partnership in diversifying SK On's product portfolios. SK On is one o...
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March 25, 2024
Executives get paid 11 times more than average employees: report
...tives working for Samsung Group, South Korea's biggest conglomerate, make 2.21 billion won in salary which is 18.9 times more than the average employee made. The next highest paid executives were at LG Group (1.57 billion won), Hyundai Motor Group (1.48 billion won), Doosan Group (1.19 ...
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March 19, 2024
Samsung-LG rivalry renewed in all-in-one washer
Samsung Electronics and LG Electronics are seen to be renewing their decadeslong competition in the home appliance market with their first all-in-one washer-dryer machines, which combined the two ful...al the detailed specifications of the machine or the price. LG showcased its ...
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March 19, 2024
LG Energy Solution makes breakthrough in battery lifespan
LG Energy Solution, in collaboration with the Korea Advanced Institute of Science & Technology, has made a significant breakthrough in lithium metal battery technology that addresses key challenges r...e overall design and manufacturing process of the battery system. Beyond lithium metal...
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March 18, 2024
[Herald Interview] Lithium-rich Chile seeks to lure more Korean investment
... Korea International Trade Association on Thursday, where major Korean conglomerates and state-owned companies were in presence," Sanchez said. "Companies including Posco International, Samsung C&T, LG Energy Solution, and Korea Airports Corporation have shown great interest in the upco...
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March 16, 2024
Major shifts among top market cap stocks on the KOSPI
...argest decline, followed by Posco Holdings (from 7th to 9th), Samsung SDI (from 11th to 13th), and LG Chem (from 10th to 11th). Kakao dropped four spots from 14th at the end of last year to 18th this...h, while Naver slipped 3 spots from 9th to 12th. On the other hand, Samsung Electron...
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March 15, 2024
Korea Zinc, LG Chem sign MOU for partnership in US recycling market
Korea Zinc, South Korea's leading nonferrous metal processing firm, said Friday it has partnered with LG Chem for business opportunities in the US used plastics recycling market. Korea Zinc signed a memorandum of understanding with LG Chem to win used plastics recycling project...
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March 13, 2024
US gains propel Kospi to 2-year intraday high
...0.55 percent gain, while the country's leading automaker Hyundai Motor Group stood at 245,500 won, up 1.66 percent. But chipmaker SK hynix shed 2.05 percent to 162,300 won, along with battery maker LG Energy Solution at 416,500 won, down 0.72 percent. Foreign investors net bought near...
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March 12, 2024
LG invests $60m in Silicon Valley robot startup
LG Electronics is making a strategic investment in Bear Robotics in the US in a move to expedite the advancement of its commercial service robotics, the company said Tuesday. The tech giant said it ...antly reduce market-entry costs, thereby enhancing operational efficiency and fostering...
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March 12, 2024
LG Electronics invests $60 mln into US startup Bear Robotics
LG Electronics said Tuesday it has made a $60 million strategic investment in Silicon Valley-based startup Bear Robotics in a move to strengthen its business capabilities in the booming market of artificial intelligence-based service robots. Under a new stock purchase agreement, LG<...
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March 12, 2024
The 4 key trends in AI chip development (2)
..., Figure AI initially aimed to secure $500 million in funding but ultimately exceeded expectations by raising $675 million. Noteworthy participants in this funding round include Intel ($25 million), LG Innotek ($8.5 million), and Samsung Investment ($5.0 million), underlining the indust...
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March 11, 2024
LG to develop AI model to treat Alzheimer's, cancer
LG Group said Monday that its artificial intelligence research lab is teaming up with US biomedical institution Jackson Laboratory to develop AI models that can be used to treat Alzheimer's disease a...ncers and Alzheimer's disease and study causes associated with the diseases. EXAONE, d...
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March 11, 2024
5-minute recharge to drive 300 km: Battery firms eye faster turnaround
...24 conference hosted at Coex in southern Seoul last week, South Korea's prime battery companies -- LG Energy Solution, Samsung SDI and SK On -- collectively emphasized ultrafast charging as the critic...ors,” said Go Joo-young, executive vice president and head of strategic marketing a...
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March 11, 2024
Samsung to debut washer-dryer combo globally in Q2
...phone users can realize the tech giant’s AI-powered phone’s key features such as translation and call summary on the washer-dryer. Samsung's new product launch comes a day after its crosstown rival LG Electronics unveiled its own all-in-one washer-dryer, the LG Signature Wa...
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March 11, 2024
[Herald Interview] Indiana looks to expand Korean ties in chips, AI
...of Indianapolis. The Korean battery maker also joined hands with General Motors to build a $3 billion EV battery cell plant in New Carlisle, near the Michigan border. Amid foreign companies such as LG Energy Solution, Panasonic, TSMC and Intel either canceling or delaying their plans t...
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March 11, 2024
[KH Explains] Missing pieces of 'value-up' program
...a lack of coercion for companies to increase the amount of shareholder return,” said Sangsangin Investment & Securities analyst Hwang Joon-ho. Major chaebol groups -- Samsung, SK, Hyundai Motor and LG account for over 45 percent of the combined market capitalization of the Kospi and K...
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March 11, 2024
LG, Qualcomm partner for EV battery monitoring
LG Energy Solution on Sunday announced a partnership with Qualcomm Technologies to develop an intelligent battery monitoring system for electric vehicles, aiming to simplify battery management for EV owners. This collaboration merges LG's expertise in battery management with Qu...
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March 11, 2024
Samsung’s H1 hiring season starts Monday
...” Samsung Electronics Chairman Lee Jae-young, the de facto leader of Samsung Group, said in October 2022 when he took on the chairmanship. Other major conglomerates, including SK, Hyundai Motor and LG, are also carrying out separate recruitment programs to secure talented employees, a...
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March 08, 2024
Samsung Display chief becomes local display industry association president
...ean display makers have an advantage over Chinese firms. I will make an effort so that this trend continues," Choi said. The IT display panel market, where Korean display makers Samsung Display and LG Display are dominant players, will steadily grow. "It will take more time in the dis...
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March 07, 2024
Lotte, LG in talks to sell petrochemicals plants
...ocess of selling its Malaysian unit Lotte Chemical Titan Holdings. In addition, its domestic rival LG Chem is said to be in talks with Kuwait Petroleum Corp. to sell a stake in its naphtha cracking ce...y in Southeast Asia to make up for losses at home. To avoid increasing competition ...