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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 through a memorandum of understanding signed Tuesday, aims to leverage the combined technological pro...
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 successful pilot program. KooRoo's service allows users to easily swap the depleted batteries of electric ...
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 its financial stability. The move comes as the display maker has recently recovered from operating lo...
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 two leaders, as Zucker...
Four years after Tesla revealed the hyped Cybertruck, its production still lags with 1.9 million orders pending. The bottleneck stems from challenges in mass-producing what are known as 4680 battery cells, which are key to the Cybertruck’s success due to their superior energy density and cost effi...
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 company said it aims to bolster the competitiveness of its suppliers, even amid management uncertai...
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 optimized version of the Advanced Driver Assistance Systems cameras, equipped with a heater to promo...
LG U+, a South Korean telecommunications firm, said on August 11 that the company has commercialized the world‘s first 5G-based augmented reality glass solutions. The wearable device named LG U+ Real Glass is supported by smart glasses provided by mixed-reality product developer Nreal and chipm...
LG Group’s major affiliates LG Electronics and LG Display are unlikely to proceed with the first leg of the semiannual recruitment process in the first half of 2020. As of June 5, the two companies have yet to give notice of any hiring plans. Considering the numerous steps that large conglome...
LG Chem, a leading lithium-ion battery supplier, seems unlikely to push ahead with plans to spin off its battery business this year, a news report suggested on March 9. The report said the company’s task force team responsible for the battery spinoff had concluded last week that it would not be...
LG Electronics said Dec. 10 it has launched its flagship OLED 8K TV in Japan to target consumers ahead of the 2020 Tokyo Summer Olympics. The South Korean tech giant said the LG Signature OLED 88Z9 is available at major electronics retailers in Japan. The 88Z9 boasts 8K resolution with 88 inch...
LG International said Dec. 9 that its joint venture with Oman Oil has been listed on the Omani stock market. Musandam Power debuted on the Muscat Securities Market last week. LG International said it retains an 18 percent stake in Musandam Power after selling a 12 percent stake worth $6.9 m...
The recent announcement for a joint venture between South Korean battery maker LG Chem and US carmaker General Motors has upped the ante in the global competition to secure lithium-ion batteries for electric vehicles, according to industry sources on Dec.8. The 2.7 trillion won ($2.3 billion) join...
South Korean tech giant LG Electronics on Dec. 5 released its upgraded 17-inch laptop that boasts better performance and portability. The 2020 version of the LG Gram 17 is 0.3 centimeter shorter than its previous version, with an improved hinge design, according to the company. The laptop will ...
LG Electronics said Dec. 3 it has supplied solar modules for a rooftop solar panel project in Australia’s largest logistics center. The Korean tech giant said it has provided 7,500 solar modules to Moorebank Logistics Park in Sydney to power the warehouse. The modules were installed on the...
Samsung chief returns from Europe after meeting with Pope, business leaders
Hugel to develop next-generation botulinum toxin product
B-Robotics teams up with Hanwha Robotics for restaurant automation
Samsung Life Science Fund invests in US gene therapy firm
Hyundai Motor aims to lead hydrogen truck business in US
KASA chief vows full support for private-led space missions