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November 22, 2023
LG Chem boosts diverse ESG campaigns
South Korea’s largest chemical firm LG Chemical is ramping up efforts in social contribution projects as part of its ongoing environment, social, and corporate governance campaign. In August 2020, L...ctively recruiting and fostering teen activists to conserve the biodiversity of Bamseo...
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November 22, 2023
Samsung retains No. 1 spot in TV sales; LG tops OLED market
LG Electronics secured the top position in the global OLED market for 11 consecutive years, selling 2.03 million units accumulated from January to September. The number of units accounted for a 55 percent share in terms of shipments, according to Omdia. According to LG, the dem...
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November 21, 2023
Samsung chief departs for Europe
...ad to a leadership vacuum for the global tech giant. Lee is taking part in the presidential economic delegation involving other conglomerate chiefs including Hyundai Motor Chairman Chung Euisun and LG Group Chairman Koo Kwang-mo. SK Group Chairman Chey Tae-won, who doubles as the head ...
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November 21, 2023
Samsung chief departs for Europe
...ad to a leadership vacuum for the global tech giant. Lee is taking part in the presidential economic delegation involving other conglomerate chiefs including Hyundai Motor Chairman Chung Euisun and LG Group Chairman Koo Kwang-mo. SK Group Chairman Chey Tae-won, who doubles as the head ...
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November 17, 2023
[Herald Interview] Lotus bets big on Korea’s luxury car market
...charge from 10 to 80 percent in 20 minutes. Highlighting the company’s bases worldwide in the UK, Germany and China, Balmer said, “The company is open to working with Korean battery companies (like LG Energy Solution, Samsung SDI and SK On,) as part of our plan to further accelerate ...
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November 17, 2023
LG to debut EV chargers in US next year
LG Electronics will make its official debut in the US electric vehicle charger market with its own slow and rapid charger models, the tech giant said Thursday. The company plans to roll out an 11-ki...ted charging solutions," Seo Heung-kyu, senior vice president in charge of EV charging ...
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November 16, 2023
Google offers data residency for Korean corporate clients
...ce has not yet been disclosed, the cloud service provider has supported accelerating customers’ content creation, process automation and information organization, while its key local clients include LG AI Research, Kakao Brain, Samsung Electronics, Kia and Korean Air, according to the ...
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November 15, 2023
LG companies hint at grand promotions to celebrate Twins' big win
After 25 years, the LG Twins' Oh Ji-hwan was selected as this year's Korean Series MVP winner, and was the one to receive the Rolex watch. While expressing gratitude, Oh said he would give the watch to current LG Group Chairman Koo Kwang-mo, as it is an artifact left by the lat...
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November 15, 2023
SK On to furlough workers, cut production at US plant
...ly announced. SK On is not the only battery maker making adjustments to production lines amid concerns over weakening demand for EVs in the short term, due to economic recessions and rising costs. LG Energy Solution, another Korean battery maker, said Saturday that it decided to forgo...
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November 15, 2023
[KH explains] Chinese battery makers gobbling up Korean rivals’ European market share
...cles where their Korean rivals used to be clear dominant players. Up until two years ago, Korea’s LG Energy Solution, Samsung SDI and SK On owned a combined 70.6 percent of Europe’s burgeoning EV bat...oal is to adjust the production volume from our Poland plant to reduce inventory b...
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November 13, 2023
LG Display set for turnaround next year, buoyed by Apple’s first OLED iPad
LG Display is expected to get out of the red next year earlier than expected, by supplying organic light-emitting displays for Apple's upcoming iPad Pro, of which the panels are to be three times mor...he second quarter next year. Apple is targeting a total of 10 million OLED iPad panels...
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November 10, 2023
CATL reduces gap with LG Energy Solution
...gawatt-hours from January to September this year, jumping 104.9 percent from the same period last year. The Chinese company’s global market share rose by almost 7 percentage points to be on par with LG Energy Solution’s market share of 28.1 percent. Despite LG Energy Soluti...
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November 10, 2023
[KH explains] End of Chinese tourist boom?
...sted spluttering results, as well. During the third quarter, Korean beauty giant Amorepacific posted an 8.2 percent on-year drop in operating profits to 17.3 billion won, while its crosstown rival, LG Household & Health Care, reported a whopping 32.4 percent on-year decrease in operati...
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November 08, 2023
LX Holdings CEO promoted to president
...up by coming up with strategies to strengthen business competitiveness and reorganizing the business portfolio. He also successfully supported the stable operation of the group when it spun off from LG Group,” LX Holdings said. Roh has worked with Koo since before the spinoff from
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November 07, 2023
Hyundai to develop own cheaper batteries for EVs
...rom 2025. A Hyundai Motor Group official declined to comment on the matter, citing confidentiality, and said, “We are looking into working with small battery makers as well as large companies (like LG Energy Solution, Samsung SDI and SK On) here in Korea.” Hyundai aims to maximize t...
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November 07, 2023
LG Electronics opens Alaskan lab to develop HVAC tech in extreme weather
LG Electronics announced Monday that it has launched a research facility in Alaska to enhance the resilience of modern heating and cooling systems, collectively known as HVAC systems, in extremely co...izzards to below-freezing temperatures. This initiative is part of a broader strategy ...
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November 06, 2023
[Hello Indonesia] Korea, Indonesia to bolster ties on future growth drivers
...ch set up its first Southeast Asian manufacturing plant in Indonesia last year, has teamed up with LG Energy Solution, Korea’s top EV battery maker, to build a battery cell plant in the country. The p...portunities. Korean telecommunications giant KT Corp. and information technology s...
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November 05, 2023
LG CNS, NYC, AmCham Korea forge partnerships on digital transformation
Korean IT solutions provider LG CNS forged a trilateral partnership with New York City and the American Chamber of Commerce in Korea, agreeing to work together on the digital transformation of New Yo...NYC.” “We will support NYC to drive sustainable growth with digital transformation t...
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November 03, 2023
Yoon hosts private banquet with chaebol chiefs
South Korean President Yoon Suk Yeol invited the chiefs of the country's top conglomerates -- Samsung Electronics, SK Group and LG Group -- to a private banquet Tuesday to discuss pending issues, according to industry sources on Thursday. Samsung Electronics Chairman Lee Jae-yong, SK Gro...
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November 02, 2023
LG, Hyundai, YouTube team up for in-car infotainment system
LG Electronics said Wednesday that it was supplying its in-vehicle infotainment system for Hyundai Motor Group’s upcoming Genesis vehicles from next year, allowing both drivers and passengers to stream a variety of entertainment content, including YouTube videos. The new system is based...