-
May 02, 2024
LG CNS enters steel scrap market
LG CNS said Thursday that the company has entered the steel scrap market by setting up a joint venture with local steel firm Daehan Steel. The new entity, called Aimos, will develop a cloud and arti...ronment-friendly electric arc furnaces that use steel scrap as its raw material,” an o...
-
May 02, 2024
LG Uplus to build hyper-scale data center in Paju
LG Uplus, one of the nation's top telecom carriers, said Wednesday it plans to build a large-scale data center in response to the growing demand for such facilities, largely driven by the widespread ... center, the company is set to acquire land and buildings located in Paju, Gyeonggi Pro...
-
May 02, 2024
Fila chairman named this year’s Van Fleet Award winner
...of the award include former Korean President Kim Dae-jung, former US President George W. Bush and President Jimmy Carter, former UN Secretary-General Ban Ki-moon, as well as business leaders such as LG Group Chairman Koo Kwang-mo and SK Group Chairman Chey Tae-won. The award ceremony i...
-
April 29, 2024
China outpaces Korea in smaller OLED shipments for 1st time
...11.6 percent and CSOT at 10.1 percent. Tianma, another Chinese firm, took 9 percent, while Korea's LG Display took 6 percent. On the latest statistics, market watchers here said the Chinese shipment ...share, but the figure dropped to 15 percent in the first quarter of this year. Samsu...
-
April 26, 2024
POSCO Future M, Honda to set up JV in Canada for battery materials partnership
...esence in the secondary battery components business, particularly with the materials used to make cathodes and anodes -- core materials used in lithium-ion cells for EVs. POSCO Future M touts itself as one of the few companies capable of producing both cathodes and anodes. It supplies cathodes ...
-
April 25, 2024
LG Chem eyes new leap into top science company
LG Chem, South Korea's leading chemical company, unveiled Thursday a new vision to transform into a global top-tier science company, centering on its three business pillars -- electric mobility, sust...nual sales by 2030. To this end, LG Chem plans to invest 2 trillion won over ...
-
April 24, 2024
LG Energy Solution vows stern action to protect patent rights
LG Energy Solution announced new stringent policies Wednesday to address rampant patent infringements by what it describes as "patent free-riders." The nation's top battery maker plans to enforce it...an increasing number of companies -- both new entrants and established manufacturers --...
-
April 23, 2024
LG CNS wins Google Cloud partner awards for second year
South Korean IT solutions provider LG CNS said Tuesday it has been named as the services partner of the year for the second consecutive year at the 2024 Google Cloud Partner Awards. The annual award...cial intelligence model training and allowing it to operate global services stably. Ad...
-
April 22, 2024
LG Innotek earns Edison silver for mobile zoom camera
LG Innotek has clinched a silver Edison Award for its ultra-thin optical telephoto zoom camera module for smartphones, marking its second consecutive Edison win, the company said Sunday. The module,...trols lens movement to the micrometer, ensuring high-resolution images even at higher z...
-
April 19, 2024
Seoul shares rattled by Israeli attack on Iran; Kospi dips to nearly 11-week low
... percent decrease, while No. 2 chipmaker SK hynix plummeted by 7 percent at one point during the session, reaching below 170,000 won, before closing at 173,300 won. Other notable decliners included LG Energy Solution, down 2.51 percent, Crafton, down 2.31 percent, and LG Chem...
-
April 19, 2024
LG CNS teams up with Yonsei University to nurture AI specialists
South Korean IT solutions provider LG CNS announced Friday that it has partnered with Yonsei University to establish a new Master's degree program dedicated to nurturing intelligent data and optimiza...nt, the company added. Upon completion of the program, graduates will be guaranteed em...
-
April 19, 2024
LG Electronics raises $800 million bond for R&D, facilities investments
South Korea's tech giant LG Electronics said Friday it has successfully raised a total of $800 million in a dollar bond deal. The bonds, denominated in US dollars, were issued in two tranches: a thr...ar bond worth $500 million and a five-year sustainability bond totaling $300 million, a...
-
April 18, 2024
LG Electronics-SM Entertainment JV, Fitness Candy, to be liquidated
Fitness Candy, a fitness tech joint venture between South Korean tech giant LG Electronics and K-pop powerhouse SM Entertainment, said Thursday it will be liquidated some two years after its creation...ing of the liquidation process at a meeting held Monday, Fitness Candy said in a filing...
-
April 17, 2024
LG sets W1tr sales goal for built-in appliances by 2027
LG Electronics unveiled the ambitious target of 1 trillion won ($722 million) in sales solely from built-in appliances by 2027 at this year’s Milan Design Week, one of the largest international desig...ppliance) business worth trillions and turn it into another growth engine,” Lyu Jae-c...
-
April 17, 2024
World IT Show 2024 kicks off in Seoul
...o showcase its electronic wallet service, Samsung Wallet, and AI-powered home appliance products. LG Electronics will exhibit products based on its "affectionate AI," an on-device AI that has strengt...rchestrating and fine-turning various electronics in a user-friendly manner. The pr...
-
April 16, 2024
SK hynix sees 30% surge in market cap in Q1
... Seven firms joined the top 100, including HD Hyundai Electric, SKC and Enchem. The market cap of LG Energy Solution, on the other hand, marked the biggest decrease of 8.07 trillion won in the first ...the list, growing 36.3 trillion won in the three months to reach 754.5 trillion won....
-
April 16, 2024
Doosan, LG team up to debut EV charging robot
Doosan Robotics has teamed up with LG Electronics to test an automated electric vehicle charging system that uses its advanced collaborative robots to streamline the EV charging process. This system...e companies started a pilot operation for their new automated EV charging station last ...
-
April 16, 2024
SK Group emerges as second-most-valuable conglomerate
...March from 103.67 trillion won in early January on recovering chip demand, CXO said. In contrast, LG Group ranked as the third-most-valuable conglomerate at end-March, down from the No. 2 position in...rly January due mainly to declines in the value of its major affiliates, such as car...
-
April 15, 2024
Samsung, LG showcase built-in lineup at Milan Design Week
LG Electronics is targeting the European built-in appliance market with premium design and AI features at its 483-square-meter booth, decorated under the concept of a food lifestyle magazine. Accord...tchen Suite brand and the 'mass premium' products to meet the needs of a wide range of ...
-
April 15, 2024
LG Uplus chief lures AI talent in Silicon Valley
LG Uplus CEO Hwang Hyeon-sik traveled to Silicon Valley and hosted a special event to lure young talents in the field of artificial intelligence, the telecom carrier said Monday. Hwang hosted the “2024 LG Uplus AI Visionaries Summit" at the Four Seasons Hotel Silicon Valley in...