-
March 06, 2024
LG, LS join hands for smart factory leadership
LG Electronics and LS Electric have teamed up to enhance their smart factory leadership and foray into overseas markets together, the companies said Wednesday. Their strategic alliance, formalized t...em — drawing on its expertise from the LS Electric plant in Cheongju, North Chungcheon...
-
March 05, 2024
LG launches battery swap service for e-scooters
LG Energy Solution said Tuesday that KooRoo, its company-in-company operating the battery swapping station business for electric two-wheelers, is kicking off full-scale operations following a success...ing a battery swap in less than 20 seconds, and the batteries are compatible with vario...
-
March 04, 2024
LG Display to issue W1.29tr of shares in renewed OLED push
LG Display confirmed Monday that it is issuing new shares to raise 1.29 trillion won ($970 million) to bolster investments in OLED displays for smartphones and other mobile gadgets while improving it...g will take place March 11 and 12. The new shares will be listed on the stock market on...
-
March 04, 2024
Global tech titans rush to visit Seoul to win AI leadership
...g independent supply and demand systems by bolstering business alliances with Samsung Electronics, LG Electronics and SK hynix before the AI and extended reality markets fully mature while challenging...e (Big Tech) chiefs chose to secure the specialized technological capabilities (of S...
-
March 04, 2024
Korean stocks benefit from Zuckerberg's Seoul visit
... Friday, Korea Investment and Securities suggested eight stocks, including Samsung Electronics and LG Electronics, that would benefit from Zuckerberg's visit to Seoul. Traveling to Korea for the firs...isplay and secondary battery parts firm. The Korea Investment and Securities report...
-
March 04, 2024
InterBattery 2024 to spotlight all-solid-state, affordable batteries
...e event's history, showcasing 1,896 booths from global battery giants, including South Korea's own LG Energy Solutions, Samsung SDI and SK ON. Amid concerns about a shrinking battery market due to a ... Samsung SDI will discuss the development and mass production plans for all-solid-st...
-
February 29, 2024
Yoon, Zuckerberg discuss AI, digital ecosystem in Seoul
...y, Zuckerberg met with business leaders here, including Samsung Electronics Chair Lee Jae-yong and LG Electronics CEO Cho Joo-wan, separately, to discuss ways to expand cooperation in cutting-edge tec... chairman and father of Lee Jae-yong. Earlier in the day, Zuckerberg also had a lun...
-
February 29, 2024
LG Uplus seeks partnership with Google, Meta in AI push
LG Uplus, one of the top three telecommunications providers in South Korea, has announced its venture into the generative AI field with the introduction of its AI model, ixi-GEN, setting the stage fo...plus's strategy with ixi-GEN revolves around leveraging EXAONE, a large language model ...
-
February 28, 2024
Zuckerberg meets LG’s top brass in Seoul over XR partnership
Mark Zuckerberg, CEO of Meta, formerly Facebook, met with LG Electronics CEO Cho Joo-wan on Wednesday in Seoul to discuss ways to strengthen their corporate partnership in the extended reality busine... with Cho and other senior officials from LG, including Kwon Bong-seok, chief...
-
February 27, 2024
[KH explains] Why Korea has been so quick to adopt ‘global minimum tax’
... diminish their effective tax rate in the country, leading to increased tax burdens domestically. LG Energy Solution, a leading Korean battery manufacturer, receives the largest share of IRA Advanced...ar. More tax cuts for LG Energy Solution mean a heavier tax burden at hom...
-
February 27, 2024
Zuckerberg to discuss developing mixed reality headset with LG chief
Mark Zuckerberg, CEO of Meta, formerly Facebook, is expected to meet with LG Electronics CEO Cho Joo-wan to discuss joint development of an advanced mixed reality headset, according to industry sources on Monday. LG Electronics said it is currently arranging a meeting of the tw...
-
February 23, 2024
Samsung, LG maintain TV leadership amid Chinese rush
Korean TV makers Samsung Electronics and LG Electronics cemented their leadership in the global premium TV market in 2023, but they have been warned to gear up for Chinese rivals flooding the market ... beat their crossborder rivals by big margins. Samsung achieved a market share of 60.5 ...
-
February 23, 2024
[KH Explains] Will LG Energy Solution be Tesla's 4680 battery crisis savior?
...ion -- only a tenth -- of the required output, pushing it to lean on global battery manufacturers. LG Energy Solution, a leading South Korean battery manufacturer and a key supplier to Tesla, seems to...se and intricate processes consistently across different production lines. Uncertain...
-
February 22, 2024
LG Energy Solution, suppliers seek to create sustainable value for clients
South Korea’s top battery maker LG Energy Solution is committed to a management policy focused on sustainable growth with its partner firms, driven by a spirit of cooperation and mutual growth. The ...ccessible to both domestic and international partners. To ease the financial burden o...
-
February 21, 2024
LG Innotek develops new camera module for self-driving cars
LG Innotek said Tuesday it has developed a cutting-edge direct-heating camera module designed for autonomous vehicles, which can quickly remove frost and snow from the lens. The latest module is an ...ving, as obstructed lenses can cause severe accidents by failing to detect surrounding ...
-
February 19, 2024
Korean telcos to show off latest AI tech at MWC
LG Uplus will not set up a showroom this year, but its CEO Hwang Hyeon-sik and senior executives will participate in the event and hold meetings with potential partners, including Google and Amazon Web Service, for collaboration, the company said. "MWC 2024 is an important event where we...
-
February 16, 2024
LG Chem, CJ CheilJedang to partner on bio-based nylon
LG Chem announced Thursday that the company will work together with food giant CJ CheilJedang to produce bio-based nylon, an eco-friendly alternative to traditional synthetic polymers. LG Chem said ...ocal and global companies to supply our bio-based nylon products in the futur...
-
February 16, 2024
LG Chem, CJ CheilJedang to partner on bio-based nylon
LG Chem announced Thursday that the company will work together with food giant CJ CheilJedang to produce bio-based nylon, an eco-friendly alternative to traditional synthetic polymers. LG Chem said ...ocal and global companies to supply our bio-based nylon products in the futur...
-
February 15, 2024
SK chief headed to Germany, Spain to bolster ties
...cted to travel to Barcelona, Spain, to attend a global IT show, the MWC Barcelona, from Feb. 26 to Feb 29. Among the chiefs of the country's top four conglomerate groups -- Samsung, SK, Hyundai and LG -- Chey is reportedly the only one joining the economic delegation, taking part as th...
-
February 15, 2024
LG Energy Solution beefs up supply chain for EV materials
LG Energy Solution on Wednesday announced that it had signed a supply deal with Australian lithium producer Wesfarmers Chemicals, Energy and Fertilisers, bolstering the supply chain of key materials ...tteries for about 270,000 high-performance EVs capable of driving over 500 kilometers p...