-
January 18, 2024
Korea’s arms exports to Poland hit W1.5t in 2023
...r the largest proportion of South Korea’s exports to Poland. In 2023, South Korea’s exports of secondary battery materials to Poland reached $2.2 billion, up 2.5 percent from a year ago. In Poland, LG Energy Solution has a battery cell factory, where the company uses the secondary ba...
-
January 16, 2024
NPS ups stake in Samsung Electro-Mechanics, sells Kakao in Q4
...on won stake in 21 locally listed companies. Among the 21, its largest holdings were in Samsung Electronics (33.75 trillion won, 7.68 percent), followed by SK hynix (7.67 trillion won, 7.9 percent), LG Energy Solution (5.55 trillion won, 5.78 percent), Naver (3.52 trillion won, 9.34 per...
-
January 16, 2024
[CES 2024] LG Innotek’s CES booth attracts more than 60,000 visitors this year
LG Innotek, the electronic component manufacturing unit under LG Group, said Monday that it had attracted more than 60,000 visitors to its exhibition booth during the CES 2024 tech show last week, a threefold increase from a year before. “At this year’s CES, LG Inno...
-
January 16, 2024
LG Chem CEO named business council member of Davos forum
LG Chem Vice Chairman and CEO Shin Hak-cheol has been named a member of the International Business Council, part of the World Economic Forum’s annual meeting in Davos, Switzerland, the Korean chemica... stakeholders around the world, build new relationships of trust and prepare for the f...
-
January 15, 2024
Samsung SDI outpaces Korean rivals in US tax credits
...using its batteries, including an Audi Q5 hybrid, had qualified for tax credits. In the meantime, LG Solution reportedly saw the steepest drop in EVs using its batteries, from last year’s 16 models t...on of its joint venture plants with GM in the US. “Bolt cars, equipped with batte...
-
January 12, 2024
[CES 2024] Doosan chief highlights business synergy with AI
... an uncrewed and electric articulated tractor powered by AI. Park also observed the latest trends in autonomous driving and vehicle electronics as he visited relevant booths of Samsung Electronics, LG Electronics, Mercedes-Benz and Mobileye. “It’s the first large exhibition to check...
-
January 12, 2024
[CES 2024] SK On chief hints IPO plan on track
...icial intelligence, a keyword for this year’s CES, Chey said the company is working on AI applications for the battery manufacturing process. He visited the exhibition booths of Hyundai Motor Group, LG, Samsung, Doosan Group, Panasonic and John Deere, a US-based heavy equipment company...
-
January 12, 2024
[CES 2024] LG to double spending for growth
LAS VEGAS -- LG Electronics CEO Cho Joo-wan said Wednesday that the tech giant will spend about 10 trillion won ($7.6 billion) in annual investment, more than double 2023's spending, to maximize its ...d for possible mergers and acquisitions, the chief strategy officer Lee Sam-soo said. ...
-
January 11, 2024
[CES 2024] AI success hinges on steady, strategic investments: Chey
...to high expectations and investment, SK Group Chairman Chey Tae-won said, taking part in the CES 2024 technology show in Las Vegas on Tuesday. After touring the showrooms of Samsung Electronics and LG Electronics on the opening day of the world's largest tech show, Chey pointed to tran...
-
January 11, 2024
[CES 2024] G-Dragon surprise visits CES
...on was spotted visiting the CES 2024, the world’s largest tech show which kicked off in Las Vegas on Tuesday. G-Dragon popped into the showrooms of Korean tech firms, including Samsung Electronics, LG Electronics, and SK Group, where he explored their cutting-edge technologies. When ...
-
January 10, 2024
[CES 2024] LG Innotek presents tech for mobility, 5G
LG Innotek, an electronic component manufacturing unit under LG Group, said Tuesday it unveiled cutting-edge technologies for autonomous driving cars and 5G telecommunications at the CES 2024 in Las Vegas on Monday. The company carried out a pre-booth tour and introduced three ...
-
January 09, 2024
LG Electronics eyes record sales of W84tr in 2023
LG Electronics is expected to record its highest revenue ever of 84 trillion won ($64 billion) in 2023, backed by solid performance in its core businesses, including automotive products, and effectiv...ges posed by delayed demand recovery from the economic slowdown and heightened market c...
-
January 08, 2024
Samsung to boost patent leadership with ‘Ironflex’ trademark for foldable displays
...rket tracker, Samsung Display has secured 1,840 patents on foldable displays alone in the US, about four times more than the 481 patents secured by China’s BOE and the 469 patents of crosstown rival LG Display. Wert predicted that Samsung would further consolidate its leadership in th...
-
January 07, 2024
LG Chem to transfer obesity drug rights to Boston-based Rhythm in $305m deal
LG Chem said Friday it has signed an agreement with Boston-based Rhythm Pharmaceuticals to transfer the development and sales rights of a new anti-obesity drug candidate named LB54640. The deal amou...icals is the right company for the successful development of LB54640,” said Son Jee-wo...
-
January 07, 2024
LG, West Virginia to collaborate on tech ventures
LG Electronics’ North American Innovation Center, also known as LG Nova, has forged a strategic partnership with the US state of West Virginia to advance technologies for renewable energy, health care and other future industries, the Korean tech giant said Thursday. The two en...
-
January 04, 2024
[KH explains] How young are ‘young’ CEOs in Korea?
... Electronics Chairman Lee Jae-yong, 55, SK Group Chairman Chey Tae-won, 63, and Hyundai Motor Group Executive Chair Chung Euisun, 53, are all third-generation leaders of the founding families, while LG Group Chairman Koo Kwang-mo, 45, is a fourth-generation leader and the youngest among...
-
January 03, 2024
Battery, new energy sectors to feel pinch from global minimum tax
...s in the solar panel, wind, and other renewable energy sectors who have benefited from the IRA will likely be hit the hardest," a Samjong KPMG tax partner told The Korea Herald. These firms include LG Energy Solution and SK On, whose combined tax credit from the US government subsidies...
-
January 02, 2024
LG to unveil display tech for smart cars at CES 2024
LG Display said Monday it will unveil four new automotive display technologies at the upcoming CES 2024 slated for next week in Las Vegas, introducing innovations tailored for software-defined vehicl...ty, visual quality, affordability, and safety of screens in software-defined vehicles. ...
-
January 02, 2024
[KH explains] Nexon’s failed stake sale reignites dispute over ‘punitive’ inheritance tax
... bill worth 12 trillion won since the late Samsung patriarch Lee Kun-hee died in 2010 with an estate valued at 20 trillion won. Other heirs of some of the country's biggest conglomerates, including LG, SK and Lotte, are also selling their stocks and taking loans on them to pay off the ...
-
December 28, 2023
Chaebol leaders heading to CES 2024
...ion, and digital twin technologies. While Samsung Electronics Executive Chairman Lee Jae-yong and LG Group Chairman Koo Kwang-mo are unlikely to attend, their companies will turn out in force. Samsu...t to their respective fields. CEOs of major LG affiliates, such as Jeong ...