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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 ...
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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...
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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...
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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...
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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 ...
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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...
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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...
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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 ...
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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...
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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...
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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...
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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...
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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...
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February 15, 2024
Hyundai Motor fast-tracks US EV plant to 2024
...an initial production capacity of 300,000 EVs annually, scalable to 500,000 units depending on demand. Adjacent to the vehicle assembly plant, a $4.3 billion joint venture with Korean battery maker LG Energy Solution will focus on battery production with an annual production capacity o...
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February 13, 2024
Foreign investors rush to ‘undervalued’ stocks
...(327 billion won). Instead, local investors rushed to buy shares of Naver (229 billion won), Samsung Electro-Mechanics (92 billion won), Hyundai AutoEver (76 billion won), Hybe (71 billion won) and LG Innotek (67 billion won). Meanwhile, the government has vowed full efforts to boost ...
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February 08, 2024
GM chair meets battery partners in 1st Seoul visit
... Motors CEO Mary Barra visited South Korea to meet the automaker’s Korean battery manufacturers -- LG Energy Solution and Samsung SDI -- to strengthen their partnerships further and discuss the global...nsition amid slowing EV growth. According to industry sources, the GM chair on Wed...
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February 08, 2024
Stage X defies skepticism, vows to launch service in H1 next year
...he government has tried to create one since 2010, eventually succeeding on its eighth attempt. In the previous auction in 2018, the country's three major mobile carriers -- SK Telecom, KT Corp. and LG Uplus -- won the same spectrum in the low 200 billion-won range, but they lost the li...
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February 06, 2024
KCC chief reiterates call to abolish handset subsidy ban
... Improvement Act came into effect in October 2014 to keep fierce competition to woo customers with hefty subsidies in check, but it only helped three local telecom giants -- SK Telecom, KT Corp. and LG Uplus -- reduce their marketing costs. Therefore, the government decided to scrap the...
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February 05, 2024
[KH Explains] US Election: calm before the storm for Korean auto, battery makers
...partners. Taking the US-first legislation in stride, Korean companies, namely Hyundai Motor Group, LG Energy Solution, Samsung SDI and SK On, have committed billions of dollars to build manufacturing ...any election pledges end up as empty words.” An official working in the battery se...
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February 02, 2024
Posco’s six chairman candidates unveiled
...s chief strategy officer, where he managed steel, eco-friendly infrastructure and financial operations. The finalists from outside of Posco include: Kwon Young-soo, former vice chairman and CEO of LG Energy Solution, who is recognized for his ability to identify and nurture new busine...