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April 02, 2024
[From the Scene] LG Twin Towers refurbished to better connect with employees
As employees have been experiencing inconveniences when going to see a doctor during their working hours, the LG official said, it is getting ready to open an in-house affiliated clinic in July on the second floor of the West building, alongside pharmacies and banks. By Jie Ye-eun ( yee...
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April 02, 2024
LG Energy Solution rolls out 1st battery cell at Tennessee plant
LG Energy Solution said Tuesday that it has delivered the first battery cells produced at Ultium Cells’ manufacturing plant in Tennessee to its client. The battery products made at the Tennessee sit...The Tennessee plant is the second battery production site of Ultium Cells, a joint ven...
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April 02, 2024
LGES-GM JV begins production at Tennessee battery plant
LG Energy Solution Ltd. (LGES), South Korea's leading battery maker, said Tuesday its joint venture with General Motors Co. began production at their second battery plant in the United States. The first round of battery cells produced at the plant have been delivered to GM for installati...
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March 28, 2024
LG CNS, Indonesia’s Sinar Mas to form joint venture for DX push
South Korean IT solutions provider LG CNS said Thursday it has agreed to establish a joint venture with one of the largest conglomerates in Indonesia to strengthen digital transformation innovation i...further expand our Indonesian DX business area through strategic cooperation with Sinar...
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March 27, 2024
LG vows W100tr Korea investment
LG Group unveiled a plan Wednesday to invest 100 trillion won ($74.3 billion) in South Korea by 2028 as it seeks to secure technological competitiveness and expand new growth engines. The announceme... differentiated customer value and strengthening the fundamental competitiveness of the...
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March 27, 2024
Investment banking veteran takes helm at NH Securities
...der NongHyup Financial Group for the past six years. He embarks on a two-year term that will end in March 2026. Born in 1967, Yoon graduated from Hankuk University of Foreign Studies. Since joining LG Investment & Securities, the predecessor of NH Investment & Securities, in 1993, he h...
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March 27, 2024
LG Group to funnel W100tr into future tech, growth drivers by 2028
LG Group said Wednesday it will invest 100 trillion won ($74.4 billion) in South Korea by 2028 to sharpen future technologies and seek new growth drivers. Unveiled at the group's annual shareholders...rm under any circumstances by strengthening the intrinsic competitiveness of the entire...
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March 26, 2024
Korean banks up ante in Poland amid heightened ties
...ting Sunday. They held discussions with local financial regulators and Korean enterprises operating in Poland. Around 370 Korean companies, including Hanwha Aerospace, Korea Aerospace Industries and LG Energy Solutions, have operations in Poland. During Kim's visit, the Korea Federatio...
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March 26, 2024
LG CNS, Vietnam’s FPT team up for DX innovation
South Korean IT solutions provider LG CNS said Tuesday it has teamed up with Vietnam’s largest IT firm to carry out the group’s digital transformation project there. LG CNS recently signed a memoran...cts. To this end, they decided to form a joint task force and strengthen bu...
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March 26, 2024
LG CEO vows to elevate shareholder benefits
LG Electronics Chief Executive Officer Cho Joo-wan vowed "winning" changes and growth to overcome continuing uncertainties in the business environment at the regular shareholders meeting on Tuesday. ... Elaborating on the company's metaverse and augmented reality business, Cho also highl...
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March 26, 2024
LG Electronics to increase dividend payout ratio
South Korea's major appliances company LG Electronics said Tuesday it will pay out more dividends to its shareholders in a move to increase shareholder value. At an annual shareholders' meeting in Seoul, CEO Cho Joo-wan announced a new shareholder return policy for the next three years, ...
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March 25, 2024
How TV remote button shortcuts for streamers have led to major profit for Samsung, LG
... with Netflix and Disney+ logos to fancier features and operating systems, Samsung Electronics and LG Electronics, the world’s top two TV makers, are pouring resources into content, not just hardware ...tal of about 2,500 streaming channels in 24 countries. In Korea, the service offers...
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March 25, 2024
LX chief calls 2024 'turning point'
...we prepare for the next three years of LX’s leap,” Koo said during this year’s annual shareholders meeting held at the company’s headquarters in Seoul. Koo’s comments come as LX Group spun off from LG Group in 2021 with key businesses, including trading, chip design and interior m...
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March 25, 2024
L&F signs W13.19tr deal to supply cathodes to SK On
...company said in a regulatory filing. The 300,000 tons of cathode materials will be installed in 3 million electric vehicles, it said. The two companies plan to jointly develop next-generation battery products and strengthen partnership in diversifying SK On's product portfolios. SK On is one o...
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March 25, 2024
Executives get paid 11 times more than average employees: report
...tives working for Samsung Group, South Korea's biggest conglomerate, make 2.21 billion won in salary which is 18.9 times more than the average employee made. The next highest paid executives were at LG Group (1.57 billion won), Hyundai Motor Group (1.48 billion won), Doosan Group (1.19 ...
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March 19, 2024
Samsung-LG rivalry renewed in all-in-one washer
Samsung Electronics and LG Electronics are seen to be renewing their decadeslong competition in the home appliance market with their first all-in-one washer-dryer machines, which combined the two ful...al the detailed specifications of the machine or the price. LG showcased its ...
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March 19, 2024
LG Energy Solution makes breakthrough in battery lifespan
LG Energy Solution, in collaboration with the Korea Advanced Institute of Science & Technology, has made a significant breakthrough in lithium metal battery technology that addresses key challenges r...e overall design and manufacturing process of the battery system. Beyond lithium metal...
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March 18, 2024
[Herald Interview] Lithium-rich Chile seeks to lure more Korean investment
... Korea International Trade Association on Thursday, where major Korean conglomerates and state-owned companies were in presence," Sanchez said. "Companies including Posco International, Samsung C&T, LG Energy Solution, and Korea Airports Corporation have shown great interest in the upco...
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March 16, 2024
Major shifts among top market cap stocks on the KOSPI
...argest decline, followed by Posco Holdings (from 7th to 9th), Samsung SDI (from 11th to 13th), and LG Chem (from 10th to 11th). Kakao dropped four spots from 14th at the end of last year to 18th this...h, while Naver slipped 3 spots from 9th to 12th. On the other hand, Samsung Electron...
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March 15, 2024
Korea Zinc, LG Chem sign MOU for partnership in US recycling market
Korea Zinc, South Korea's leading nonferrous metal processing firm, said Friday it has partnered with LG Chem for business opportunities in the US used plastics recycling market. Korea Zinc signed a memorandum of understanding with LG Chem to win used plastics recycling project...