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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...
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November 02, 2023
LG Energy Solution debuts new battery-based EV financing
South Korea’s top battery maker LG Energy Solution said Wednesday it is partnering with financial service provider Hyundai Capital to launch a new financing product for electric vehicle drivers calle...s would total savings of about 1.08 million won over the contract period. The evaluat...
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November 01, 2023
LX chairman offers unwavering support for women’s baseball
LG Group spinoff LX Group is sparing no efforts for the growth of Korean women’s baseball, having hosted the nation’s only corporate-sponsored women’s baseball competition for a second time. Co-host...s league, helping to transform it into a reality and following in the footsteps of <...
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October 29, 2023
LG Electronics to bolster local strategies, B2B push to widen gap with Chinese rivals
South Korean home appliance giant LG Electronics said Friday it will strengthen its country-by-country strategy to compete against its growing Chinese rivals. "Chinese firms have deviated from a low...le profit structure through increasing efficiency, based on precise demand forecasts, a...
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October 26, 2023
LG Chem sets up R&D center in Georgia
South Korean chemical giant LG Chem said Wednesday that it has set up a new research and development center in the US state of Georgia called the North America Innovation Center, as part of its big p...our research capacities and securing talent in a technologically advanced country such ...
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October 26, 2023
LG Energy Solution ups ante in price war against Chinese rivals
LG Energy Solution plans to boost production of price-competitive electric vehicle batteries -- including lithium iron phosphate (LFP) batteries -- in a move to expand its footing in the low-cost EV ...strengthen our low-priced battery product portfolio,” said Lee Chang-sil, chief financ...
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October 24, 2023
Samsung, Hyundai ink first EV battery deal
...e, Lee invited Chung to the production site and the two leaders reportedly discussed using Samsung SDI batteries for Hyundai and Kia EVs. The world’s third-largest automaker has used batteries from LG Energy Solution and SK On, which are among the nation’s top three battery makers. I...
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October 20, 2023
LG Energy Solution's new residential ESS to hit US market
LG Energy Solution said Thursday it is set to launch a new residential energy storage system device lineup called LG enblock S in the United States next month. Installed with nickel, manganese and c...mperature goes up within the house or outside. Later this year, the company ...