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May 17, 2024
Korean firms target EV charging market in US
...oth made announcements of progress in their entries to the US EV charging market Thursday, joining LG as Korean conglomerates competing in the burgeoning sector. Lotte Innovate announced Thursday tha...facturer, with GS Energy and GS Neotek in 2022, taking a 60 percent stake in the EV ...
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May 16, 2024
Korean display makers show off next-gen OLED technologies at SID event
LG Display also showcased its latest OLED panel technologies, under the theme of "A Better Future," at the SID Display Week 2024. The technologies include OLEDoS for virtual reality, large-sized OLED...ological leadership," Yoon Soo-young, the chief technology officer and executive vice p...
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May 16, 2024
LG Electronics strengthens medical robot services
LG Electronics joined hands Hanllym University Sacred Heart Hospital as part of its effort to strengthen medical robot services with its “affectionate intelligence” robot, Cloi, the company said on Wednesday. In an agreement, LG and the hospital agreed to collaborate to disco...
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May 14, 2024
Korea eyes leadership in advanced air mobility standardization
...bal association for AAM standardization. A total of 67 companies have joined the association as members, including Korean firms such as Korean Air, Hanwha Systems, Hyundai Motor, SK Telecom, KT and LG Uplus, the US’ OneSky, Padina Group and ANRA Technologies as well as Skyports from t...
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May 13, 2024
Samsung doubles down on Vietnam
...ig data center in the high-tech industrial park in Ho Chi Minh City. Hyosung is the world's third-largest ATM manufacturer. Hyosung is the third largest Korean investor in Vietnam after Samsung and LG Electronics. Since 2007, the company has invested over $4 billion in the Southeast As...
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May 13, 2024
LG Innotek to spur growth in automotive lighting
LG Innotek on Monday renewed its commitment to nurturing the automotive lighting business as its key growth driver. This year marks the 10th anniversary of the commercialization of Nexlide, the part.... Nexlide has shown an average annual sales growth of 47 percent over the last decade....
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May 13, 2024
LG Electronics CEO offers to pay $1m salary to top AI talents
LG Electronics Chief Executive Officer Cho Joo-wan traveled to the US to meet with big tech counterparts and discuss collaboration in artificial intelligence, as well as to secure AI talents, the com... event, inviting some 50 tech experts in the US. "These possibilities offer new opport...
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May 12, 2024
Battery makers ramp up efforts to diversify graphite supply chain
...t from this year, their sales would drop significantly." The three battery makers are Samsung SDI, LG Energy Solution and SK On. Graphite is used to make electric battery anodes, which is the negativ...iscussions with Madagascar and Tanzania to import about 90,000 tons of natural graph...
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May 12, 2024
Chinese Roborock’s rare success on home turf of Samsung, LG
... vacuum cleaner brand, has become a rare success story on the home turf of Samsung Electronics and LG Electronics. Despite the dominance of the two Korean firms in the nation’s home appliance market, ...irst in the domestic robot vacuum cleaner market in 2023 with a share of 20.1 perce...
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May 10, 2024
LG CNS launches Gen AI Studio for corporate clients
LG CNS on Thursday opened its Gen AI Studio, a new venue for its corporate clients to experience business solutions using generative AI. The latest opening aims to offer systematic assistance to com...s industries and value chains. Companies can experience the proprietary generative AI s...
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May 09, 2024
LG Display starts sell-off talks for China plant
LG Display has started talks to sell off its last liquid crystal display manufacturing plant in China in an apparent move to focus on consolidating its leadership in the more advanced organic light-emitting diode display market. According to industry sources on Thursday, LG Dis...
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May 08, 2024
Korean battery makers heave sigh of relief over 2-year IRA reprieve
...up to $7,500 in EV subsidies per vehicle. Last year, South Korea's top three battery producers -- LG Energy Solutions, Samsung SDI, and SK On -- reported revenues exceeding 10 trillion won from batte..., allowing its sourcing from FEOCs without penalty in subsidy eligibility until the ...
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May 07, 2024
LG CNS hosts contest for math optimization talents
LG CNS said Tuesday it will host a contest that targets talented individuals in the field of mathematical optimization for bundle deliveries. Co-organized with the Korean Institute of Industrial Eng...gn students. The contest consists of three stages, with evaluation based on a predefin...
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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...
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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...
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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...
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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...
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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 ...
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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 ...
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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 --...