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March 13, 2024
US gains propel Kospi to 2-year intraday high
...0.55 percent gain, while the country's leading automaker Hyundai Motor Group stood at 245,500 won, up 1.66 percent. But chipmaker SK hynix shed 2.05 percent to 162,300 won, along with battery maker LG Energy Solution at 416,500 won, down 0.72 percent. Foreign investors net bought near...
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March 12, 2024
LG invests $60m in Silicon Valley robot startup
LG Electronics is making a strategic investment in Bear Robotics in the US in a move to expedite the advancement of its commercial service robotics, the company said Tuesday. The tech giant said it ...antly reduce market-entry costs, thereby enhancing operational efficiency and fostering...
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March 12, 2024
LG Electronics invests $60 mln into US startup Bear Robotics
LG Electronics said Tuesday it has made a $60 million strategic investment in Silicon Valley-based startup Bear Robotics in a move to strengthen its business capabilities in the booming market of artificial intelligence-based service robots. Under a new stock purchase agreement, LG<...
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March 12, 2024
The 4 key trends in AI chip development (2)
..., Figure AI initially aimed to secure $500 million in funding but ultimately exceeded expectations by raising $675 million. Noteworthy participants in this funding round include Intel ($25 million), LG Innotek ($8.5 million), and Samsung Investment ($5.0 million), underlining the indust...
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March 11, 2024
LG to develop AI model to treat Alzheimer's, cancer
LG Group said Monday that its artificial intelligence research lab is teaming up with US biomedical institution Jackson Laboratory to develop AI models that can be used to treat Alzheimer's disease a...ncers and Alzheimer's disease and study causes associated with the diseases. EXAONE, d...
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March 11, 2024
5-minute recharge to drive 300 km: Battery firms eye faster turnaround
...24 conference hosted at Coex in southern Seoul last week, South Korea's prime battery companies -- LG Energy Solution, Samsung SDI and SK On -- collectively emphasized ultrafast charging as the critic...ors,” said Go Joo-young, executive vice president and head of strategic marketing a...
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March 11, 2024
Samsung to debut washer-dryer combo globally in Q2
...phone users can realize the tech giant’s AI-powered phone’s key features such as translation and call summary on the washer-dryer. Samsung's new product launch comes a day after its crosstown rival LG Electronics unveiled its own all-in-one washer-dryer, the LG Signature Wa...
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March 11, 2024
[Herald Interview] Indiana looks to expand Korean ties in chips, AI
...of Indianapolis. The Korean battery maker also joined hands with General Motors to build a $3 billion EV battery cell plant in New Carlisle, near the Michigan border. Amid foreign companies such as LG Energy Solution, Panasonic, TSMC and Intel either canceling or delaying their plans t...
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March 11, 2024
[KH Explains] Missing pieces of 'value-up' program
...a lack of coercion for companies to increase the amount of shareholder return,” said Sangsangin Investment & Securities analyst Hwang Joon-ho. Major chaebol groups -- Samsung, SK, Hyundai Motor and LG account for over 45 percent of the combined market capitalization of the Kospi and K...
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March 11, 2024
LG, Qualcomm partner for EV battery monitoring
LG Energy Solution on Sunday announced a partnership with Qualcomm Technologies to develop an intelligent battery monitoring system for electric vehicles, aiming to simplify battery management for EV owners. This collaboration merges LG's expertise in battery management with Qu...
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March 11, 2024
Samsung’s H1 hiring season starts Monday
...” Samsung Electronics Chairman Lee Jae-young, the de facto leader of Samsung Group, said in October 2022 when he took on the chairmanship. Other major conglomerates, including SK, Hyundai Motor and LG, are also carrying out separate recruitment programs to secure talented employees, a...
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March 08, 2024
Samsung Display chief becomes local display industry association president
...ean display makers have an advantage over Chinese firms. I will make an effort so that this trend continues," Choi said. The IT display panel market, where Korean display makers Samsung Display and LG Display are dominant players, will steadily grow. "It will take more time in the dis...
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March 07, 2024
Lotte, LG in talks to sell petrochemicals plants
...ocess of selling its Malaysian unit Lotte Chemical Titan Holdings. In addition, its domestic rival LG Chem is said to be in talks with Kuwait Petroleum Corp. to sell a stake in its naphtha cracking ce...y in Southeast Asia to make up for losses at home. To avoid increasing competition ...
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March 06, 2024
LG, LS join hands for smart factory leadership
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 t...em — drawing on its expertise from the LS Electric plant in Cheongju, North Chungcheon...
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March 05, 2024
LG launches battery swap service for e-scooters
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 success...ing a battery swap in less than 20 seconds, and the batteries are compatible with vario...
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March 04, 2024
LG Display to issue W1.29tr of shares in renewed OLED push
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 it...g will take place March 11 and 12. The new shares will be listed on the stock market on...
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March 04, 2024
Global tech titans rush to visit Seoul to win AI leadership
...g independent supply and demand systems by bolstering business alliances with Samsung Electronics, LG Electronics and SK hynix before the AI and extended reality markets fully mature while challenging...e (Big Tech) chiefs chose to secure the specialized technological capabilities (of S...
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March 04, 2024
Korean stocks benefit from Zuckerberg's Seoul visit
... Friday, Korea Investment and Securities suggested eight stocks, including Samsung Electronics and LG Electronics, that would benefit from Zuckerberg's visit to Seoul. Traveling to Korea for the firs...isplay and secondary battery parts firm. The Korea Investment and Securities report...
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March 04, 2024
InterBattery 2024 to spotlight all-solid-state, affordable batteries
...e event's history, showcasing 1,896 booths from global battery giants, including South Korea's own LG Energy Solutions, Samsung SDI and SK ON. Amid concerns about a shrinking battery market due to a ... Samsung SDI will discuss the development and mass production plans for all-solid-st...
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February 29, 2024
Yoon, Zuckerberg discuss AI, digital ecosystem in Seoul
...y, Zuckerberg met with business leaders here, including Samsung Electronics Chair Lee Jae-yong and LG Electronics CEO Cho Joo-wan, separately, to discuss ways to expand cooperation in cutting-edge tec... chairman and father of Lee Jae-yong. Earlier in the day, Zuckerberg also had a lun...