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December 08, 2023
LG H&H sales up 294% in half year on Japan's Qoo10
South Korean beauty giant LG Household & Health Care said Thursday that its sales on Japan's Qoo10 posted record growth of nearly 300 percent after its debut on the country's leading online marketpla...dubbed the "megawari" event in Japanese. Based on sales for the November event that en...
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December 08, 2023
LG wins SOAFEE board membership to join Arm, Bosch
LG Electronics said Thursday it has become the ninth governing body member of the Scalable Open Architecture for Embedded Edge, also known as SOAFEE, opening up opportunities in the future mobility i...s working together to build a cloud-native architecture for software-defined vehicles. ...
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December 08, 2023
LG's new research promises potential for 900km-range EVs
LG Energy Solutions and the nation's top-ranked Korea Advanced Institute of Science and Technology have made a significant discovery in lithium metal battery technology, as revealed in a research pap...oration that began over two years ago at the Frontier Research Laboratory, a joint vent...
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December 07, 2023
Posco Future M to supply battery materials for LG-GM’s JV in US
Posco Future M said Wednesday its Pohang plant in North Gyeongsang Province had started the supply of high-nickel cathode materials to the US-based Ultium Cells, the joint venture of LG Energy Solution and General Motors. Following its manufacturing plant in Gwangyang, South Jeolla Provi...
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December 07, 2023
LG Display launches voluntary redundancy program in efficiency drive
LG Display, the top display maker in producing high-end organic light-emitting diode panels for TVs, has launched a voluntary redundancy program for its factory workers in its latest bid to reduce co...in the market. Jeong is an LG veteran who has served various positions at
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December 06, 2023
[KH Explains] China ups OLED ante to take over Korean shares
...acker, Samsung took the world's biggest share in OLED panels with 62.8 percent by value last year. LG Display was the runner-up with 19.7 percent, while BOE stood in third with 8.6 percent. Chinese f...ld's leading smartphone maker, requires a total of 10 million OLED panels for its iP...
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December 05, 2023
[KH Explains] Why tighter US subsidy rules could boost Chinese firms
...int ventures. Most of their Chinese counterparts hold shares of close to or more than 50 percent. LG Chem, which operates a battery materials business, and China-based Huayou Cobalt control 51 percen... To make EVs using the joint venture’s battery materials that qualify for the subsi...
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December 05, 2023
Hanwha sets W1.4tr goal in battery equipment sales by 2027
...ng process to set it apart from that of Tesla. Additionally, Hanwha plans to set up a complete turnkey production line for all-solid-state batteries by 2028, having already provided a pilot line to LG Energy Solution. The company is also addressing the challenges associated with silic...
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December 03, 2023
LG Energy Solution CEO emphasizes qualitative growth
Kim Dong-myung, the newly appointed CEO of South Korean battery giant LG Energy Solution, on Friday vowed to execute winning strategies to lead qualitative growth and create a professional culture aimed at achievement. “If the past three years were the era of LG Energy Solutio...
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December 03, 2023
LG Display's new CEO aims for turnaround
LG Display's newly appointed chief executive officer Jeong Cheol-dong emphasized the importance of improving performance for turnaround as he begins his official duty Friday. "Getting out of the red..., Jeong formerly served as the president of LG Innotek, an electronic compone...
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November 30, 2023
Corporate Korea explores new opportunities in Expo bid
...eve vehicle automation, Hyundai also utilized the campaign to reach out to countries that have not fully begun the automation transformation to set up charging infrastructure for electric vehicles. LG Group Chairman Koo Kwang-mo rearranged his plans for business meetings and a company ...
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November 29, 2023
LG Electronics CEO to present AI vision at CES
LG Electronics CEO Cho Joo-wan will lay out the blueprints for the home appliance giant’s vision and innovation in artificial intelligence-based future growth a day ahead of the opening of the Consum...$77.3 billion) by 2030, from around 65 trillion won last year. In addition to Cho’s ...
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November 28, 2023
Posco to start search for new chief
...he board in March next year. Currently, Kim Hak-dong, CEO of Posco, the group's flagship steel-making unit, and Jeong Tak, CEO of Posco International, its trading and energy unit, are considered key candidates among the group’s top executives. Kwon Young-soo, former CEO of LG Energy S...
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November 27, 2023
LG, UNESCO partner to promote AI ethics
LG AI Research, LG Group's artificial intelligence think tank, said Sunday it has signed a letter of intent with UNESCO in Seoul to jointly foster knowledge and awareness of the ethics of AI. LG highlighted the agreement as the first of its kind, where UNESCO has part...
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November 27, 2023
[Hello Indonesia] Hyundai Motor vows to steer Indonesia's transition to EVs
...tiveness and innovative DNA in terms of products and customer experiences,” said Lee. The automaker is constructing ASEAN’s first complete EV chain as it is building a joint battery cell plant with LG Energy Solution in Kawarang New Industry City in the Indonesian province of West Ja...
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November 26, 2023
LG infuses year-end reshuffle with younger fresh blood, focuses on performance
LG Group, the country’s fourth-largest conglomerate, announced its year-end executive reshuffle on Friday, seeking to infuse the top brass with younger blood. From Wednesday to Friday, affiliates of... team the LG Twins winning their first Korean Series championship in 29 year...
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November 24, 2023
Kim Sung-hwan tapped as Korea Investment & Securities CEO
...ts brokerage subsidiary Korea Investment & Securities, as the final candidate for the brokerage firm’s CEO position. Kim, born in 1969, joined Korea Investment & Securities in 2004 after working at LG Investment & Securities for about three years. He is recognized for his expertise in...
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November 24, 2023
LG Display appoints LG Innotek chief as new CEO
LG Display appointed Jeong Cheol-dong, currently LG Innotek president as its new chief executive officer in a regular reshuffle on Thursday. The display panel maker said its board of directors appointed Jeong, an LG veteran who has served at a number of LG G...
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November 24, 2023
Top conglomerates to start executive reshuffles
...are set to carry out regular reshuffle of executives to gear up for the coming year, starting with LG Group this week. Samsung Electronics, SK Group and Hyundai Motor Group, the top three conglomerat... LG Chem carried out reshuffles the day before. The remaining LG...
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November 23, 2023
LG Energy Solution names new CEO to propel growth
With the upcoming leadership reshuffle, Kwon, an LG veteran who has led several key affiliates, including LG Display and LG Uplus, will be leaving after 44 years of service at the nation’s fourth-largest conglomerate. In 2018 when Chairman Koo Kwang-mo took the top s...